By Allison Lampert and Shivansh Tiwary (Reuters) -Wheels Up Experience said on Wednesday there was “substantial doubt” about its ability to continue operations, even as it disclosed short-[...]
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August 9, 2023
High inflation fuels sense of rising inequality, mistrust of govt in Germany-survey
By Riham Alkousaa BERLIN (Reuters) – Germany’s highest inflation in decades has fuelled a rising sense of inequality and left a majority of Germans feeling abandoned by the government, lea[...]
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Tattoo products maker Body Art Alliance explores sale -sources
By Abigail Summerville NEW YORK (Reuters) – Body Art Alliance is exploring options including a sale that could value the supplier of tattoo and body art products at nearly $1 billion, including[...]
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China Renaissance says detained chairman cooperating with authorities in probe
(Reuters) – China Renaissance Holdings said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being carried out with his cooperation. His detention was ex[...]
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Swiss Re says natural catastrophe insured losses hit $50 billion in H1
By Simon Jessop, Alessandro Parodi and Laura Lenkiewicz LONDON (Reuters) -Insured losses stemming from natural catastrophes rose to $50 billion in the first half of 2023, the second highest reading si[...]
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U.S. mortgage rates spike to highest since November, approach 22-year high
By Safiyah Riddle (Reuters) – The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a d[...]
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Continental fights for price rises, to keep costs in check
By Victoria Waldersee BERLIN (Reuters) -Continental said it was fighting for price increases in negotiations with customers and seeking ways to further cut inventory to improve its automotive business[...]
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Lyft falls as pricing strategy casts shadow over profit goals
By Akash Sriram (Reuters) -Lyft’s shares fell more than 7% on Wednesday as investors feared the ride-hailing platform’s focus on competitive pricing to gain market share would muddy its pa[...]
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Carvana shares gain after co expects Q3 core profit to be above $75 million
(Reuters) – Used-car retailer Carvana expects its third-quarter adjusted core profit to be above $75 mln, sending its shares up 8.8% in premarket trading on Wednesday. Carvana, in an attempt to[...]
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