By Nicholas P. Brown NEW YORK (Reuters) -Bath & Body Works is going to college. Students at hundreds of U.S. universities will soon be able to buy the company’s fragrances, candles and other items at campus bookstores, in a departure from the beauty retailer’s long-held business model as it tries to lure coveted Gen-Z shoppers. …
Bath & Body Works targets college bookstores to woo young buyers Read More »
(Corrects paragraph 7 to say annual recurring revenue has doubled in the past 12 weeks, not 12 months) By Aditya Soni (Reuters) -Rillet, a startup developing AI-powered accounting software, has raised $70 million in a fundraise co-led by venture capital firms Andreessen Horowitz and ICONIQ in a bid to disrupt an industry dominated by tools …
AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Novo Nordisk expects continued competition from copycat versions of its blockbuster Wegovy obesity drug this year and could face layoffs as it battles rising pressure from main U.S. rival Eli Lilly, the Danish drugmaker warned on Wednesday. Novo, which became Europe’s most valuable company worth $650 billion …
Novo Nordisk CEO warns of layoffs as Wegovy challenge heats up Read More »
(Reuters) -Snap shares plummeted nearly 21.5% in early trading on Wednesday as a weak quarter and mounting competition underscored the company’s struggle to keep pace with AI-driven peers. Advertisers have been curtailing marketing budgets amid economic uncertainty and leaning toward bigger platforms like TikTok and Meta’s Facebook and Instagram. That, and a glitch in Snap’s …
Snap sinks as ad glitch, fierce competition stall growth Read More »
By Manoj Kumar, Trevor Hunnicutt and Aftab Ahmed NEW DELHI/WASHINGTON (Reuters) -After five rounds of trade negotiations, Indian officials were so confident of securing a favourable deal with the United States that they even signalled to the media that tariffs could be capped at 15%. Indian officials expected U.S. President Donald Trump to announce the …
Exclusive-Missed signals, lost deal: How India-US trade talks collapsed Read More »
By Jason Hovet PRAGUE (Reuters) -Central Europe’s currencies will mostly find support from a weaker U.S. dollar over the next six months, although the Hungarian forint is set to retreat from around 10-month highs, a Reuters poll showed on Wednesday. The region’s currencies have been on a stronger footing in recent weeks, with the Czech …
By Akash Sriram (Reuters) -Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program. The company said members for its $9.99 “Uber One” program jumped 60% in June to more …
Uber bets on loyalty program to drive growth, unveils $20 billion buyback plan Read More »
(Reuters) -General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker’s full-size SUVs and trucks, the magnet maker said on Wednesday. China controls more than 90% of global rare earth processing capacity and imposed new export licensing rules in April, tightening …
GM signs rare earth magnet deal with Noveon Magnetics Read More »
By Nikunj Ohri, Sarita Chaganti Singh and Shivam Patel NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to …
India’s Modi to visit China for first time in 7 years as tensions with US rise Read More »
(Reuters) -Bond trading platform MarketAxess beat Wall Street estimates for second-quarter profit on Wednesday, as heightened market volatility sparked record trading results. WHY IT’S IMPORTANT Shifts in U.S. trade policy under President Donald Trump and changing expectations for Federal Reserve rate cuts have roiled bond markets, spurring investors to reposition portfolios amid rising recession fears. …
MarketAxess beats profit expectations as market volatility drives record trading Read More »
