By Deborah Mary Sophia (Reuters) – Lululemon Athletica Inc raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hound[...]
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June 1, 2023
JetBlue to spin-off Spirit Airlines’ holdings at NY airport
(Adds media packaging code SPIRIT AIRLINES-M&A/JETBLUE AIRWAYS) (Reuters) -JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc’s holdings at New York’s LaGuardia Ai[...]
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Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer
By Herbert Lash and Shreyashi Sanyal (Reuters) – The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will[...]
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Boeing delays debut crewed Starliner spaceflight over new issues
By Joey Roulette WASHINGTON (Reuters) -Boeing Co will stand down from late preparations for its first crewed Starliner test flight to space that was planned for July after it discovered two safety-cri[...]
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Broadcom forecasts third-quarter revenue above estimates on AI boost
By Tiyashi Datta (Reuters) – Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AI-related technologies. The vir[...]
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Factbox-What’s in the debt ceiling deal struck by Biden and McCarthy?
WASHINGTON (Reuters) – The U.S. Senate is debating a bill brokered by President Joe Biden and House Speaker Kevin McCarthy that lifts the government’s $31.4 trillion debt ceiling while imp[...]
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Dell’s quarterly profit drops less than feared on cost cuts
By Tiyashi Datta and Pratyush Thakur (Reuters) -Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers afte[...]
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As Nikkei soars, Japanese investors rush for the exits
By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) -As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even bettin[...]
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Explainer-Can a New York state law solve or trigger an emerging markets debt crisis?
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could[...]
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