(Reuters) -Shake Shack Inc forecast quarterly revenue below estimates, as the Omicron variant led to labor shortages and forced the burger chain to close restaurants earlier than usual, sending its shares down 5% in extended trading. Benefits from easing COVID-19 Delta wave were short-lived for Shake Shack as the Omicron wave that soon followed dissuaded …
Shake Shack forecasts slim sales as Omicron surge hurts Read More »
By Matt Scuffham, Noor Zainab Hussain and Elizabeth Dilts Marshall NEW YORK (Reuters) -Wall Street’s biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, asset price depreciation and companies postponing deals due to market uncertainty. U.S. banks reported a mixed bag of fourth quarter earnings last month as …
Wall St banks fear inflation, asset price deflation, even recession Read More »
By Jonathan Stempel NEW YORK (Reuters) -Tesla Inc and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government. The accusation came in a letter to U.S. District Judge Alison …
Elon Musk, Tesla attack SEC for ‘unrelenting’ harassment Read More »
By Anthony Esposito and Ana Isabel Martinez MEXICO CITY (Reuters) -The expectation that the Federal Reserve will start hiking interest rate soon has put limits on Mexico’s monetary policy, Bank of Mexico Deputy Governor Jonathan Heath said on Thursday. Due to the close relationship between the U.S. and Mexican economies, the Bank of Mexico’s monetary …
Fed hikes will limit Mexico’s monetary policy, central bank official says Read More »
By Arriana McLymore and Uday Sampath Kumar (Reuters) -Walmart Inc fought off snarled supply chains and rising inflation to post its largest-ever holiday season sales and forecast more gains in 2022, a sign the retailer expects consumers to keep spending in its stores. The world’s largest retailer said fourth quarter revenue exceeded $150 billion for …
Walmart posts record holiday sales as spending remains firm Read More »
By Tim Hepher PARIS (Reuters) – Airbus hopes to reach an amicable solution in a row with Qatar Airways over damage to the surface of A350 passenger jets, Chief Executive Guillaume Faury said on Thursday. The two companies have been locked in a months-long dispute over paint erosion and deterioration to anti-lightning protection on the …
Airbus hopes for ‘amicable solution’ in Qatar plane dispute Read More »
PARIS (Reuters) -Air France-KLM beat core profit expectations for 2021 due to a recovery in transatlantic travel in the fourth quarter and said it had started to see a pickup in bookings this quarter as Omicron restrictions start to ease in Europe. The Franco-Dutch airline group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) came …
Air France-KLM beats expectations on long-haul recovery Read More »
PARIS (Reuters) – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan of 750 million euros ($852 million). “Carrefour’s finals confirmed the group’s newfound resilience, ongoing progress in French recovery and impressive free cash flow. Prospects …
Retailer Carrefour’s shares rise after confident outlook and record 2021 cash generation Read More »
A look at the day ahead from Danilo Masoni. Beneath the surface of the wild swings that have gripped markets this year, there is a strong trans-Atlantic current of rising corporate profits steadily beating estimates. The question is, when will asset prices take notice? Investors are still busy navigating their way out of the rough …
By Silke Koltrowitz ZURICH (Reuters) -Food group Nestle intends to defend its margin against cost pressures this year, it said on Thursday, as it sticks with price increases that helped it beat sales growth and profit expectations last year. “It is a safe assumption that our input cost increases for 2022 will be higher than …
Nestle expects steady margins after beating 2021 expectations Read More »
