Financial News

By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and …

(Reuters) -Chipmaker Micron Technology Inc said it expects no impact on near-term production from component shortages driven by the Ukraine crisis, but costs are expected to rise. Ukraine’s two leading …

By Liz Hampton, Valerie Volcovici and Timothy Gardner DENVER/WASHINGTON – U.S. oil companies with the most production on federal lands and waters are not planning to attend a congressional hearing …

By David Randall, Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK – The U.S. Treasury yield curve inverted on Tuesday for the first time since 2019, as investors priced in …

By Howard Schneider and Dan Burns (Reuters) – A favorite Wall Street harbinger of business-cycle downturns sent up a warning flare that a recession may be on the horizon on …

By Karin Strohecker LONDON -Russia has offered to buy back dollar bonds maturing next week in roubles in a move seen by analysts as helping local holders of the $2 …

(Reuters) -WeWork Inc on Tuesday named Chief Executive Officer Sandeep Mathrani as chairman of the office sharing company, months after Marcelo Claure vacated the role. Mathrani, a real estate industry …

(Reuters) – Petrobras has a strong governance and there is no room for “adventurers” within the firm, said outgoing Chief Executive Joaquim Silva e Luna on Tuesday. During a lecture …

By Arathy Somasekhar HOUSTON -Oil prices ended 2% lower on Tuesday as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators said a promise to …

By Megan Davies and Ira Iosebashvili NEW YORK – The U.S. Treasury yield curve is flashing a warning sign to Wall Street, where many are worried that a recession could …

By Svea Herbst-Bayliss BOSTON – Billionaire investor William Ackman, who spent years building his reputation as a vocal corporate agitator, now plans to work mainly behind the scenes with management …

By Lisa Baertlein (Reuters) – FedEx Corp on Monday named its operating chief, Raj Subramaniam, as the new chief executive officer effective June 1, succeeding company founder Fred Smith, who …

(Corrects timing for FSD Beta launch in Europe from next year to this year in fourth paragraph in March 22 story) By Victoria Waldersee and Nadine Schimroszik GRUENHEIDE, Germany – …

OTTAWA -Canada’s federal government will present its 2022 budget on April 7, Finance Minister Chrystia Freeland said on Tuesday, as it plans to boost spending on defense and other programs …

By Elvira Pollina MILAN -The board of Telecom Italia (TIM) on Tuesday was informed about a proposal from CVC for a stake in its enterprise services business and its directors …

By John McCrank NEW YORK – The dollar fell against a basket of peer currencies on Tuesday as reports of progress in peace talks between Russia and Ukraine lifted the …

By David Lawder and Kate Holton LONDON/WASHINGTON -The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of …

NEW YORK – A key part of the yield curve inverted on Tuesday, as the 2-year U.S. Treasury note yield briefly rose above the benchmark 10-year U.S. Treasury note yield …

By Patrick Werr CAIRO – Egypt’s two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they introduced last week at a …

(Reuters) – The U.S. Securities and Exchange Commission (SEC) will propose limiting the legal protections that blank-check companies rely on to make bullish projections, Bloomberg News reported on Tuesday. The …

By Supantha Mukherjee and Helena Soderpalm STOCKHOLM -Investors publicly rebuked Ericsson Chief Executive Borje Ekholm and the telecom equipment maker’s board on Tuesday over a scandal involving potential payments to …

(Reuters) -Workers at a Starbucks store in Knoxville, Tennessee, voted eight to seven to form a union on Tuesday, becoming the first of the U.S. coffee chain’s stores in the …

MONTREAL – DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to …

(Corrects first paragraph to say that return to office is regardless of vaccination status) (Reuters) – Canadian insurer Manulife Financial Corp said on Tuesday that employees can return to its …

By Tarek Amara TUNIS -The European Union plans to lend Tunisia 450 million euros ($500 million) to support its budget and invest 4 billion euros in the coming years, as …