Business News

By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) – Sluggish global demand deepened the decline in manufacturing activity across Europe and the United States and remained a major …

By Ananya Mariam Rajesh (Reuters) -Macy’s Inc on Thursday cut annual sales and profit forecasts, blaming an inflation-induced slowdown in demand for disrupting the department store chain’s plans to rein …

By Jaiveer Shekhawat (Reuters) -Vanguard Group, the world’s largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 …

By Andrew Goudsward (Reuters) – Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the “iconic” snapped flap pocket that the company has long …

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased modestly last week and private employers hired more workers than expected in May, …

By Leigh Thomas PARIS (Reuters) – President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to transform the economy, but has not broken France’s addiction to …

(Reuters) – The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented. …

By Savyata Mishra (Reuters) -Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared …

(Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial …

By Mike Stone and Joey Roulette WASHINGTON (Reuters) – SpaceX’s Starlink, the satellite communications service started by billionaire Elon Musk, now has a Department of Defense contract to buy those …

By Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday gave Salesforce Inc’s Slack Technologies another chance to avoid a lawsuit over the workplace communications software company’s 2019 direct listing. …

By Tim Hepher PARIS (Reuters) – Airlines could face shortages of planes, engines and parts for several years as they try to meet a strong rebound in travel demand, the …

MILAN (Reuters) – Stellantis does not need the Italian state as a shareholder as the carmaker is in good shape, its Chairman John Elkann said on Thursday, responding to business …

(Reuters) – The U.S. Treasury Department on Thursday announced $15 billion in one-day cash management bills on June 2 and said it tentatively plans to sell 13-week and 26-week bills …

OTTAWA (Reuters) – The Royal Bank of Canada is working to resolve a technical issue that is preventing transactions displaying for online and mobile banking clients, the bank said on …

WASHINGTON (Reuters) – The U.S. Federal Reserve announced Thursday it was ordering Silvergate Bank to implement its previously announced plan to liquidate itself in a way that protects depositors and …

By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation …

By Andy Sullivan WASHINGTON (Reuters) – The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave off an imminent U.S. default, but might deliver less budget …

(Reuters) – Stellantis will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact Sports Utility Vehicle (SUV) in 2025, the Franco-Italian-American car manufacturer …

By Granth Vanaik (Reuters) – Hormel Foods Corp reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company’s shares up as much as …

WASHINGTON (Reuters) – U.S. construction spending surged in April, boosted by investment in nonresidential structures, but higher mortgage rates continued to depress single-family homebuilding. The Commerce Department said on Thursday …

WASHINGTON (Reuters) – U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid higher interest rates, but factories boosted employment to a nine-month …

(Refiles to remove extraneous words in paragraph 7) WASHINGTON (Reuters) – U.S. worker productivity slumped in the first quarter, though not as steep as initially thought, according to government data …

By David Lawder WASHINGTON (Reuters) – U.S. President Joe Biden’s 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities …

By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a stock offering, nearly two-thirds of which will come from Saudi …