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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US
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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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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Airbnb says single-room listings jump amid cost-of-living crisis
By Abhijith Ganapavaram (Reuters) – Airbnb Inc said on Wednesday it had recorded a “disproportionate” 31% rise in single-room listings on its platform in the third quarter, as more p[...]
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JetBlue plans flights to Paris next year as travel booms
(Reuters) – JetBlue Airways Corp said on Wednesday it would expand its transatlantic coverage by offering flights to Paris next year, seeking to cash in on robust demand for overseas travel. The[...]
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The case for a “soft” Fed landing may finally be taking hold
By Howard Schneider WASHINGTON (Reuters) – Accumulating evidence that prices are slowing, alongside signs of stretched consumer finances and even the recent layoffs in the technology sector, may[...]
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IMF’s Georgieva says Biden-Xi meeting ‘constructive’ signal for trade
By David Lawder NUSA DUA, Indonesia (Reuters) – President Joe Biden’s meeting with Chinese President Xi Jinping was a “very constructive” signal that may ease trade tensions be[...]
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Special Report-FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books
By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sa[...]
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