(Reuters) – Shares of Gap climbed as much as 8% on Friday, after the apparel retailer’s quarterly profit beat indicated that the Old Navy parent’s cost cuts were paying off even as e[...]
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August 25, 2023
Fed’s Powell says central bank may need to raise interest rates further
NEW YORK/LONDON (Reuters) – The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, chair Jerome Powell said on Friday, in remarks that balanced decli[...]
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How to keep the next ‘dash for cash’ from crashing bond market – study
JACKSON HOLE, Wyoming (Reuters) – Preventing the $25 trillion U.S. Treasury market from seizing up in a future crisis, as it did at the onset of the COVID-19 pandemic, could mean having the Fede[...]
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Large US homebuilders raise prices as existing home supply remains tight
By Ananta Agarwal (Reuters) – Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute shortage of previously owned homes in the market as owners de[...]
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Canada probing Walmart, Hugo Boss over allegations of forced labor
OTTAWA (Reuters) -Canada’s corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart and Hugo Boss over allegations of Uyghur forced labor in the companie[...]
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Draft environmental study on Dakota Access pipeline expected in fall – US Army Corps
By Arathy Somasekhar HOUSTON (Reuters) – A draft environmental impact statement for the Dakota Access oil pipeline is now expected to be released in fall, a spokesperson for the U.S. Army Corps[...]
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Massachusetts court rejects Robinhood’s challenge to state investment advice rule
By Nate Raymond BOSTON (Reuters) – Massachusetts’ top court on Friday handed state securities regulators a major victory in their enforcement action against online brokerage Robinhood by h[...]
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Analysis-Nvidia’s $25 billion buyback ‘a head-scratcher’ for some shareholders
By Lewis Krauskopf, Chibuike Oguh and Lance Tupper NEW YORK (Reuters) – Nvidia’s move to buy back $25 billion of its shares after its stock has more than tripled this year caught some inve[...]
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Analysis-Investors see long wait for enlarged BRICS’ economic boon
By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) – The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and A[...]
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