(Reuters) – Ross Stores on Thursday posted first-quarter results above Wall Street estimates and raised its annual profit forecast, as shoppers pivot to off-price retailers prompted by sticky in[...]
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May 23, 2024
Oil falls for fourth straight session on US inflation jitters
By Shariq Khan NEW YORK (Reuters) -Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised worries[...]
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US new home sales fall in April; prices rise from year ago
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in April amid a resurgence in mortgage rates and higher prices, further evidence that the housing market was[...]
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Morgan Stanley executive chairman James Gorman will step down at year end
By Nupur Anand and Manya Saini NEW YORK (Reuters) -Morgan Stanley’s executive chairman James Gorman told the bank’s annual shareholder meeting on Thursday that he would step down on Dec. 3[...]
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Target, Walmart shoppers seek home goods, grocery delivery online
NEW YORK (Reuters) – U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, U.S. reta[...]
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Dollar higher on US business activity boost
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Thursday after data showed U.S. business activity accelerated to the highest level in just over two years in May, suggestin[...]
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JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says
By Chris Prentice and Nupur Anand NEW YORK (Reuters) -The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co[...]
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Hess-Chevron merger vote appears ripe for narrow approval
By Sabrina Valle HOUSTON (Reuters) – Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in o[...]
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Boeing’s cash flow situation is worse than expectations, S&P analyst says
(Reuters) – Boeing’s cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 20[...]
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