Walgreens Boots Alliance Inc. raised its yearly sales forecast as currency exchange rates eased and the drugstore chain’s first-quarter revenue beat expectations. The shares fell as its profit view for fiscal 2023 remained unchanged.
Federal Reserve officials started the new year reiterating their concerns about US inflation being too hot, with one regional president saying interest rates should remain high well into 2024 to cool price growth.
Home-sales activity slowed to a crawl in Canada’s largest city in December, with just 3,117 homes trading hands to end a year that saw prices decline by a record amount.
Shionogi & Co.’s Covid pill could be approved in China this spring as Beijing races to stock up on therapies developed abroad to fight a growing number of severe infections and deaths in the world’s biggest outbreak.
After US employment bounced back to its pre-pandemic level in 2022, the trajectory entering this year suggests payroll growth will level out or reverse course altogether.
Silvergate Capital Corp. shares plunged after the bank said the crypto industry’s meltdown triggered a run on deposits, prompting the company to sell assets at a steep loss and fire 40% of its staff.
Turkey’s central bank is pushing commercial lenders to sweeten the terms of an emergency savings scheme created to protect the lira as Turks increasingly pull cash from the program to seek higher returns elsewhere, according to people familiar with the discussions.
The percentage of US consumers paying at least $1,000 a month for their cars soared to a record, adding to concerns that borrowers may be getting in over their heads.
Ryanair Holdings Plc, Europe’s biggest discount airline, raised its full-year profit target following a stronger-than-expected Christmas travel period, spurring gains across European airline stocks.
Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.
