U.S. retail sales race to record high; economy shows strength ahead of rate hikes
By Lucia Mutikani WASHINGTON – U.S. retail sales increased by the most in 10 months in January, lifting the level of sales to a record high amid a surge in…
By Lucia Mutikani WASHINGTON – U.S. retail sales increased by the most in 10 months in January, lifting the level of sales to a record high amid a surge in…
– Two years after she went missing, a 6-year-old girl has been found alive and in good health in a makeshift room underneath a staircase in a house in New…
By Blake Brittain – Apple Inc convinced a California federal judge on Wednesday to throw out a lawsuit accusing the tech giant of ripping off another company’s multiracial emoji and…
By Stephen Culp NEW YORK – Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S. Federal Reserve…
By Jeffrey Dastin and Julia Love – The U.S. National Labor Relations Board said Wednesday that Amazon.com Inc and a group of New York workers have agreed tentatively on terms…
-Canadian fertilizer maker Nutrien Ltd said on Wednesday a surge in prices of potash due to robust global demand and thin supply would boost its profit in 2022, sending its…
By Jonathan Stempel NEW YORK – A federal judge on Wednesday dismissed a proposed class action lawsuit by consumers who accused Pfizer Inc of failing to disclose the presence of…
– Brazil planemaker Embraer said on Wednesday it signed a research partnership with Norwegian company Widerøe and Rolls-Royce aiming to create a conceptual zero-emission regional aircraft. The study will last…
By Praveen Paramasivam -DoorDash Inc reported quarterly revenue on Wednesday that beat estimates as food delivery demand showed no sign of slowing, indicating ordering habits have changed permanently, sending the…
– The U.S. Securities and Exchange Commission is investigating whether certain banks may have broken the rules by tipping off hedge funds ahead of large sales of shares, or “block…
By Danielle Kaye NEW YORK – Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure…
– Brazil’s Space Agency said on Wednesday it signed a strategic cooperation agreement with Amazon.com Inc’s cloud network unit to foster the long-term development of the country’s space program. The…
-Cisco Systems Inc on Wednesday raised its full-year earnings forecast, expecting to benefit from higher prices driven by global chip shortages and an eventual decline in logistics costs as shipment…
By Matt Scuffham NEW YORK – Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win…
By Gerry Doyle -Thailand’s interest in Lockheed Martin’s F-35 stealth fighters is genuine, but clearance to buy the jets is a matter for the U.S. government, a senior executive from…
SAO PAULO – Brazil’s state-controlled development bank BNDES sold on Wednesday 50 million shares of the meatpacker JBS SA, raising about 1.9 billion reais ($369.90 million), said the director of…
By Jonathan Stempel – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said it is “massively stupid” for tensions to escalate between the United States and China,…
By Fergal Smith TORONTO – Canada’s main stock index fell on Wednesday as a record drop in the shares of e-commerce heavyweight Shopify Inc offset gains for resource shares. The…
By Herbert Lash NEW YORK – Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish…
By Howard Schneider and Ann Saphir WASHINGTON -Federal Reserve officials last month agreed that, with inflation tightening its grip on the economy and employment strong, it was time to raise…
By Supantha Mukherjee and Dawn Chmielewski – Spotify Inc deepened its investment in podcasting with the acquisitions of Podsights and Chartable, two services that provide greater insights for advertisers and…
By Dawn Chmielewski – Walt Disney Co will design U.S. residential communities in deals with property developers, capitalizing on fans’ enthusiasm for the brand beyond its theme park and entertainment…
– U.S. insurer American International Group Inc topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its general insurance business. Catastrophe losses…
By Eva Mathews and Tiyashi Datta – Shares of ViacomCBS Inc, rebranded as Paramount Global, plunged 21% on Wednesday to their lowest in over a year, after the media company’s…
By Valentina Za MILAN -The chairman of Italy’s biggest insurer, Generali, plans to step down in April after 11 years in the job, saying that current tensions among investors were…