(Reuters) – Roku Inc said on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation. Tech c[...]
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Economy
Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Upscale U.S. retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty pr[...]
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Bullard: Up to Chair Powell to decide size of rate increases at upcoming meetings
WASHINGTON (Reuters) – St. Louis Fed President James Bullard on Thursday said he would defer to Chair Jerome Powell to decide on the size of upcoming rate increases as the Fed feels its way towa[...]
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Thyssenkrupp 2023 sales to fall by less than 10% – CFO
FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results. “It won’t[...]
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Philadelphia Fed factory activity index drops unexpectedly
(Reuters) – A gauge of manufacturing activity in the U.S. mid-Atlantic region fell unexpectedly this month to its lowest level – outside of the coronavirus pandemic – since 2011 as f[...]
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Vivendi’s Cadoret quits TIM board for ‘personal reasons’
ROME (Reuters) -Frank Cadoret, one of two board members representing top investor Vivendi in Telecom Italia (TIM), resigned for “personal reasons”, the Italian group said on Thursday. The[...]
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Thyssenkrupp warns of bleak outlook as recession looms
By Christoph Steitz and Tom Käckenhoff FRANKFURT/ESSEN, Germany (Reuters) -German industrial group Thyssenkrupp on Thursday warned that sales and profit will “nosedive” next year as high i[...]
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Burberry’s London stores lose out as tourists head to tax-free Paris, Milan
By Paul Sandle and Sarah Young LONDON (Reuters) – London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury bra[...]
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Italy’s Enel to build solar pv cell & panel factory in U.S
MILAN (Reuters) – Italian utility Enel said on Thursday it would build a solar photovoltaic (PV) cell & panel manufacturing facility in the United States. The factory is expected to initiall[...]
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