Retail stocks search for direction as rates stay high
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies
Nasdaq manages 5th straight record high close; S&P 500 ends barely lower
By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related
Explainer-What is the G7’s $50 billion loan plan for Ukraine?
BARI, Italy (Reuters) – The Group of Seven rich democracies have agreed to use proceeds from frozen Russian assets to give Ukraine $50 billion in
G7 leaders launch initiative for global food security
By Angelo Amante BARI, Italy (Reuters) – Group of Seven leaders have pledged to step up efforts against global malnutrition, according to a draft statement
Oil climbs on optimistic demand growth estimates for 2024
By Robert Harvey and Natalie Grover LONDON (Reuters) – Brent oil futures prices ticked higher on Friday and were on course for their best week
Target’s renewed private-label push fails to stem market share drop
By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years
Investors bought U.S. growth stocks, dumped value this week
LONDON (Reuters) – Investors dumped U.S. value stocks and bought growth stocks in the week to Wednesday, according to BofA Global Research, a period marked
Wells Fargo fires more than dozen employees for allegedly faking work, Bloomberg News reports
(Reuters) – Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an
Yellen says public, private investments needed to sustain US growth
By Michael S. Derby and David Lawder NEW YORK/WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that U.S. public investments that attract
3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance
(Reuters) – 3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000