By Stephen Culp NEW YORK (Reuters) – Wall Street lost earlier momentum and the dollar advanced on the last trading day of August, as closely-watched inflation data offered few surprises and inve[...]
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August 31, 2023
Dollar General shares sink on second annual forecast cut, disappointing investors
By Savyata Mishra (Reuters) – Dollar General’s shares closed about 12% lower on Thursday, after it forecast a steep drop in annual profit and missed market expectations for second-quarter[...]
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CIBC to focus less on US office real estate after profit miss
By Nivedita Balu (Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Thursday it would reduce its focus on U.S. office real estate due to weakness in that business, as the lender misse[...]
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US SEC delays decision on Invesco, WisdomTree, Valkyrie bitcoin ETFs
By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve applications for spot bitcoin exchange-traded funds (ETF) from Invesco,[...]
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Coal miners forced to save for a rainy day by insurance snub
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making[...]
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Google hit with copyright lawsuit by Danish online job-search rival
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google was hit with a lawsuit on Thursday by Danish online job-search rival Jobindex, a year after the latter complained to EU antitrust reg[...]
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US consumer spending accelerates; declining savings a red flag
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services, but slowing monthly inflation rates cemen[...]
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McLaren Applied’s Lavoie buys bankrupt Dutch e-bike maker VanMoof
By Nick Carey and Toby Sterling LONDON/AMSTERDAM (Reuters) -Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, said on Thursday it has agreed to buy bank[...]
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Adani family partners used offshore funds to invest in Indian group’s stocks -report
By Krishn Kaushik, Aditya Kalra and Scott Murdoch NEW DELHI (Reuters) -Millions of dollars were invested in publicly traded Adani Group stocks through funds in Mauritius, the Organised Crime and Corru[...]
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