(Reuters) -Lululemon Athletica lifted its annual profit and revenue forecasts for a second time after beating quarterly estimates on Thursday, betting on steady demand for its activewear from affluent shoppers in North America and China. Lululemon – which in the last quarter said that there was no change in customer behavior – has seen people …
Lululemon raises annual forecasts for second time on buoyant demand Read More »
By Kylie Madry MEXICO CITY (Reuters) – New flight reductions at Mexico City International Airport (AICM) will take effect in November, Mexican President Andres Manuel Lopez Obrador said on Thursday, sparking an outcry from the aviation sector. The government earlier in the day ordered by decree that the busiest airport in Latin America cut flights …
New round of Mexico City flight cuts sparks aviation sector backlash Read More »
By Savyata Mishra (Reuters) – Dollar General’s shares closed about 12% lower on Thursday, after it forecast a steep drop in annual profit and missed market expectations for second-quarter results due to weak customer traffic and a shift to lower-margin goods. The Goodlettsville, Tennessee-based retailer has fallen short of average analyst forecasts for four straight …
Dollar General shares sink on second annual forecast cut, disappointing investors Read More »
By Nivedita Balu (Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Thursday it would reduce its focus on U.S. office real estate due to weakness in that business, as the lender missed earnings forecasts due to a jump in bad loan provisions. Shares in CIBC, the last of the big six Canadian banks …
CIBC to focus less on US office real estate after profit miss Read More »
By Shristi Achar A and Noel Randewich (Reuters) – The S&P 500 ended lower and the Nasdaq higher on Thursday after U.S. inflation data matched estimates, underscoring expectations the Federal Reserve could pause its monetary tightening, while Salesforce climbed following an up upbeat forecast. The Nasdaq reached its highest in over four weeks after a …
Wall Street ends mixed as inflation data buoys optimism Read More »
By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve applications for spot bitcoin exchange-traded funds (ETF) from Invesco, WisdomTree and Valkyrie, a filing by the regulator showed on Thursday. The SEC has pushed back the decision dates for the three proposals by several weeks …
US SEC delays decision on Invesco, WisdomTree, Valkyrie bitcoin ETFs Read More »
ZURICH (Reuters) – UBS should have spun off Credit Suisse’s Swiss business, proxy adviser Ethos said on Thursday, after Switzerland’s No. 1 bank annnounced plans to fully integrate its former rival’s home market business. “We are disappointed as the spin off would (have) been a better option to avoid a major systemic risk for Switzerland, …
Proxy adviser Ethos: UBS should have spun off CS’ Swiss business Read More »
(Reuters) – Federal prosecutors are looking into Tesla performance claims after Reuters reported the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street Journal reported on Wednesday. Reuters reported in July that Tesla cars often fail to achieve their advertised range estimates and projections reported by the cars’ own equipment, citing …
Tesla faces federal probe over vehicle range after Reuters report -WSJ Read More »
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as more clients turn to its integrated cybersecurity offerings to combat rising digital threats. Rising cyber crime, privacy concerns and high-profile hacks have fueled demand for cybersecurity products as businesses and governments grow their digital presence. …
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand Read More »
By Stephen Nellis (Reuters) -The U.S. expanded the restriction of exports of sophisticated Nvidia artificial-intelligence chips beyond China to other regions including some countries in the Middle East, the company said in a regulatory filing this week. U.S. officials usually impose export controls for national security reasons. A similar move announced last year signaled an …
US curbs AI chip exports from Nvidia to some Middle East countries Read More »
