By Uday Sampath Kumar (Reuters) -Ralph Lauren Corp raised its annual revenue forecast on Thursday and became the latest luxury goods retailer to top market estimates for holiday-quarter revenue as demand for high-end apparel soars. Shares in the New-York based designer, which also announced a new $1.5 billion stock buyback program, rose 4% in morning …
Ralph Lauren rides luxury boom as high-end apparel sales soar Read More »
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Former Federal Reserve Governor Sarah Bloom Raskin, Michigan State University’s Lisa Cook, and Davidson College’s Philip Jefferson are due to appear before the Senate Banking Committee on Thursday for a confirmation hearing on their nominations to the U.S. central bank’s powerful Board of Governors. If approved, the …
Explainer-What does a Federal Reserve governor do? Read More »
WASHINGTON (Reuters) – New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories. The Commerce Department said on Thursday that factory orders decreased 0.4% in December. Data for November was revised higher to show orders increasing 1.8% instead of 1.6% as previously reported. Economists polled …
U.S. factory orders fall in December; shipments rise further Read More »
COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Thursday it would look for growth beyond its core beer market over the next five years to focus on categories like cider, seltzers and alcohol free beer. The Copenhagen-based company also said it would speed up its existing strategy of selling more of its premium beer brands. As …
Carlsberg looks beyond beer for growth in new strategy Read More »
WASHINGTON (Reuters) – A measure of U.S. services industry activity dropped to an 11-month low in January as a resurgence in COVID-19 infections hurt demand at high contact businesses and kept workers at home. The Institute for Supply Management said on Thursday its non-manufacturing activity index fell to 59.9 last month, the lowest reading since …
U.S. service sector slows in January; input prices remain elevated – ISM survey Read More »
By Davide Barbuscia NEW YORK (Reuters) – Investors seeking to gauge the impact of the U.S. Federal Reserve’s rate-hiking plans are keeping an eye on less closely watched corners of the U.S. Treasuries market that appear to have priced in the risk of a sharp economic slowdown. The shape of the U.S. Treasuries yield curve …
Analysis-Fearing Fed error, investors track less obvious parts of yield curve Read More »
By Nandita Bose WASHINGTON (Reuters) – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning of a White House battle against a flood of misinformation about the coronavirus pandemic coursing through the United States. Six months later, the deluge …
Why Biden has eased up on Facebook over COVID misinformation Read More »
JOHANNESBURG (Reuters) -South Africa’s labour ministry on Thursday urged Rio Tinto workers to report instances of discrimination after the Anglo-Australian miner released an internal report detailing sexual assault, racism, and bullying across its mines. The report https://www.reuters.com/business/rio-tinto-report-finds-disturbing-culture-sexual-harassment-racism-bullying-2022-02-01, which sparked calls from investors for the entire industry to clean up its act, found that male and …
South Africa urges Rio Tinto workers to report cases of discrimination Read More »
WASHINGTON (Reuters) – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend. The Labor Department said on Thursday that nonfarm productivity, which measures hourly output per worker, increased at a 6.6% annualized rate last quarter. Data …
U.S. worker productivity rebounds in fourth quarter; labor costs tepid Read More »
By Medha Singh (Reuters) – Stocktwits.com, one of the social media sites at the heart of last year’s retail trading mania, launched a crypto trading platform on Thursday, looking to tap into the growing interest in trading bitcoin and other digital tokens. Along with Reddit’s r/wallstreetbets, Stocktwits was among the online message boards used by …
Investor-focused social media firm Stocktwits rolls out crypto trading Read More »
