AMSTERDAM (Reuters) -Johnson & Johnson’s Janssen division, which helped to develop its single-dose COVID-19 vaccine, will close much of its vaccine research and development operations in the[...]
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NEWSLETTER
Peloton’s return to positive cash flow hit by bike recall, shares slide
(Reuters) -Peloton Interactive said it expects to burn cash in the next two quarters due to costs related to bike recall and other expenses, delaying return to a positive cash flow and sending its sha[...]
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Macy’s warning of weak second-half demand hits retail sector shares
By Savyata Mishra (Reuters) -Macy’s on Tuesday warned of weak consumer spending through the crucial holiday shopping season and signaled a faster-than-expected rise in credit card payment delays[...]
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US auto safety agency probes 2022 Ford Mach-E EV recall
By David Shepardson (Reuters) -U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor’s 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adeq[...]
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China unveils measures to revive stock market
SHANGHAI (Reuters) -China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if[...]
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Analysis: Why is China not rushing to fix its ailing economy?
By Laurie Chen and Yew Lun Tian BEIJING (Reuters) – With China at risk of tipping into prolonged stagnation and a spiralling property crisis threatening financial stability, there is growing une[...]
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US housing starts surge in boost to economy
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding surged in July and permits for future construction rose amid an acute shortage of previously owned houses, but mortgage r[...]
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Home Depot rides on smaller remodeling projects to top sales, profit estimates
By Deborah Mary Sophia (Reuters) -Home Depot on Tuesday posted better-than-expected quarterly results, cemented by Americans’ steady spending on small-scale projects around their homes even as t[...]
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Airlines, hotels branch out with experiences to lure travelers
By Doyinsola Oladipo NEW YORK (Reuters) – Casino operator MGM Resorts International is finding Formula One’s inaugural stop in Las Vegas is as much of a draw as its slot machines this year[...]
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