Business News

By Deborah Mary Sophia (Reuters) – Nordstrom Inc slashed its annual profit forecast after heavy discounting failed to sway people shopping at its off-price Rack stores, leading to weak holiday …

By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely …

SEOUL (Reuters) – South Korea’s producer inflation slowed in December for a sixth month, dropping to the lowest rate in 20 months, central bank data showed on Friday. The country’s …

By Davide Barbuscia NEW YORK (Reuters) -Rating agencies Moody’s and Fitch expect the U.S. Congress will likely reach an agreement on a new debt limit before the Treasury drains resources …

(Reuters) – Proterra Inc said on Thursday it plans to cut more jobs and combine electric bus and battery production in South Carolina as it looks to trim costs. The …

By Tim Hepher LONDON (Reuters) – Airbus has carried out design changes to A350 passenger jets amid a $2 billion dispute with Qatar Airways over surface damage, which spilled over …

By Carolina Pulice (Reuters) – A group of investors requested a collective arbitration against troubled Brazilian retailer Americanas SA and 3G Capital at the Brazilian stock exchange on Thursday, according …

By Michael S. Derby NEW YORK (Reuters) – The standoff over the U.S. government’s borrowing limit is unlikely for now to crimp the Federal Reserve’s plans for higher interest rates …

By Victoria Waldersee HALLE, Germany (Reuters) – Tesla’s German Gruenheide plant still has some ramping up to do, the economy minister of the state the factory is located in said …

By Chris Prentice NEW YORK (Reuters) -Nexo Capital Inc has agreed to pay $45 million in penalties to settle charges from the U.S. Securities and Exchange Commission (SEC) and state …

DAVOS, Switzerland (Reuters) – Generative artificial intelligence, the umbrella technology behind the popular chatbot ChatGPT, has interesting applications for social media, the chief product officer for Facebook parent Meta Platforms …

By Supantha Mukherjee STOCKHOLM (Reuters) – Chinese social media company TikTok could face a ban in the European Union if it does not step up efforts to comply with EU …

By Caroline Valetkevitch NEW YORK (Reuters) – World stocks fell on Thursday and U.S. benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive …

CARACAS (Reuters) – Venezuela’s down-at-the-heel bolivar currency fell to 20 per dollar, according to official data for Wednesday, complicating attempts by the government of President Nicolas Maduro to control inflation. …

By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest suggested the rally in energy stocks will soon end and reiterated her bullish view on …

By David Shepardson (Reuters) -A federal judge on Thursday ordered Boeing Co to appear in court on Jan. 26 to be arraigned on a 2021 felony charge after families of …

By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) rejected market pressure this week, maintaining ultra-low interest rates, but its bullish views on wages and growing strains from its …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japanese inflation grabs the spotlight in Asia on Friday, with investors looking for …

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to another month of solid job growth and continued …

(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon’s total compensation for 2022 was unchanged at $34.5 million, the bank said on Thursday. Dimon’s total compensation will include an …

MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday he had met with representatives of four Canadian firms and resolved their problems with Mexico’s electricity sector, after …

(Reuters) – Consumer lending firm Capital One Financial Corp has cut 1,100 positions in its technology segment, a person familiar with the matter told Reuters on Thursday, a move that …

By Jessica DiNapoli and Uday Sampath Kumar (Reuters) – Tide detergent maker Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising …

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week …

(Reuters) -Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability …