WASHINGTON (Reuters) – U.S. business inventories increased moderately in September, suggesting that businesses were becoming more cautious about ordering more merchandise as higher borrowing cos[...]
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Articles written by Reuters
Chinese authorities call on retired soldiers to help Foxconn iPhone plant -SSN
SHANGHAI (Reuters) – Local authorities in China’s Henan province are urging retired soldiers and government workers to take on stints at Foxconn’s iPhone factory in Zhengzhou, the of[...]
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Trump’s 2024 presidential bid a fresh wrinkle for markets
By David Randall NEW YORK (Reuters) -Former President Donald Trump’s entry on Tuesday into the 2024 presidential race confirmed the world’s “worst kept secret” and created anot[...]
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Collapse of FTX should serve as reminder of risks of crypto assets, ECB’s De Cos says
MADRID (Reuters) – The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos[...]
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TJX lifts sales forecast on demand for discounted apparel, home goods
By Ananya Mariam Rajesh (Reuters) – TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store fo[...]
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Lowe’s boosts 2022 profit view as price hikes, firm demand drive upbeat Q3
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc raised its annual profit forecast on Wednesday, betting on record consumer savings and rising mortgage rates to fuel home improvement trends even[...]
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NY Fed: Consumer debt rises in third quarter on strong demand, high inflation
(This Nov. 15 story has been corrected to say “third quarter”, not “fourth quarter” in first paragraph) By Michael S. Derby (Reuters) – Americans continued to take on deb[...]
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Tencent to hand $20 billion Meituan stake to shareholders as sales slip
By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in food deliv[...]
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Mercedes cuts some China electric car prices, shaking shares
BEIJING/FRANKFURT (Reuters) -Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a 6.7% fall i[...]
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