By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors will be keen on knowing whether those actions have helped it catch up with ri[...]
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Newsletter
Kroger maintains annual targets despite quarterly profit beat, shares slip
By Granth Vanaik (Reuters) – Supermarket chain Kroger in a cautious move on Thursday reaffirmed its annual forecasts after it beat Wall Street estimates for first-quarter profit and same-store s[...]
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Google faces EU break-up order over anti-competitive adtech practices
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google may have to sell part of its lucrative adtech business to address concerns about anti-competitive practices, EU regulators said on We[...]
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Exclusive-Investors may exit consumer goods firms over EU deforestation law
By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with[...]
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Billionaire George Soros hands control of empire to son Alex
(Reuters) -Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an intervi[...]
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Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown
By Elizabeth Howcroft, Hannah Lang and Rae Wee (Reuters) -The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto[...]
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US luxury EV maker Lucid set to enter China market
SHANGHAI (Reuters) – U.S. luxury electric vehicle (EV) maker Lucid Group is preparing to enter the world’s largest auto market, its head of China operations Zhu Jiang said on Thursday. Luc[...]
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US trade deficit widens to 6-month high, expected to dent economic growth
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that[...]
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Subway struggles to get big new franchisees to buy its US sandwich shops
By Hilary Russ NEW YORK (Reuters) – Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making[...]
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