(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending. Shares of the company fell about 1% at $187 after the bell. Trucking and logistic firms, in the last few quarters, have struggled with weak …
J.B. Hunt misses profit, revenue estimates hit by weak freight volumes Read More »
BUENOS AIRES (Reuters) -A delegation from Argentina’s Economy Ministry traveled to Washington on Tuesday to finalize details on the goals and disbursements involved in a $44 billion International Monetary Fund (IMF) loan, a government spokesperson said. The delegation includes Deputy Economy Minister Gabriel Rubinstein, and top adviser Leonardo Madcur, they said. The IMF confirmed through …
Argentina delegation travels to Washington for IMF talks Read More »
By Safiyah Riddle (Reuters) – Applications to start new U.S. businesses surged to the highest level in two years in June, despite high interest rates and uncertain economic outlook, according to a Commerce Department report released on Monday. Business applications increased 6.2% in June compared with May with a seasonally adjusted 465,906 new applications. Filings …
US new business applications hit two-year high in June Read More »
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from abroad. First Economy Vice Minister Leticia Morales told a parliament commission on Tuesday that export earnings were …
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Alani Nu, the energy drinks and snack maker founded by personal trainer and social media influencer Katy Hearn, is exploring options that include a full or partial sale of the company at a valuation of more than $3 billion, according to four people familiar with …
Energy drink maker Alani Nu explores options including sale Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesday, though food and shelter cost increases persisted despite 10 interest rate hikes in less than 18 months. Analysts polled by Reuters had …
Canada’s inflation falls to 27-month low but underlying pressures persist Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China’s raft of unimpressive data and with the economic calendar now light, worries over a stuttering post COVID-19 recovery in the world’s second-biggest economy are likely to linger as Europe wakes up. The anaemic Chinese recovery …
Marketmind: China worries keep investors jittery Read More »
BEIJING (Reuters) – China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency to revive domestic demand. The world’s second-largest economy grew at a frail pace in the second quarter, official data showed on Monday. Gross …
China’s NDRC vows to roll out consumption support policies without delay Read More »
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to an internal memo on Tuesday seen by Reuters. The bulk of the cuts will be in the company’s international operations, according to the memo. Lendlease has roughly 7,800 employees across …
Australian developer Lendlease to cut about 740 jobs globally Read More »
By Liangping Gao, Ellen Zhang and Kevin Yao BEIJING (Reuters) – China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. Whether the world’s second-largest economy chugs ahead at 3-4% annually or flirts, as some economists expect, with Japan-like “lost decades” of stagnation, it looks set …
Analysis-Will China ever get rich? A new era of much slower growth dawns Read More »
