Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:24
UPS Cuts Forecast With Labor Costs Set to Rise After Union Deal
United Parcel Service Inc. lowered its full-year profit forecast as the courier contends with shifting consumer habits and
2023-08-08 18:50
SoftBank reports mixed quarter, says 'timidly' restarting investment
By Anton Bridge TOKYO (Reuters) -Japan's SoftBank Group posted a surprise loss but said it was dipping its toes back
2023-08-08 18:50
TSMC Partners With Infineon, NXP, Bosch to Build German Chip Fab
Taiwan Semiconductor Manufacturing Co. has agreed to build a €10 billion ($11 billion) plant in eastern Germany in
2023-08-08 18:46
Obesity Drug Wegovy Cuts Risk of Heart Attacks and Strokes by 20%, Study Shows
Novo Nordisk A/S shares surged to a record after the Danish company’s blockbuster obesity medicine Wegovy reduced the
2023-08-08 18:46
US Small-Business Optimism Advances to Highest in Eight Months
US small-business sentiment rose in July to an eight-month high amid a broader upswing in optimism about the
2023-08-08 18:23
Europe stocks dip as Italian banks hit by windfall tax
By Shashwat Chauhan (Reuters) -European shares dropped on Tuesday as Italian banks came under pressure after the cabinet approved a
2023-08-08 17:55
Futures inch lower; banks slip after Moody's downgrade
U.S. stock index futures slipped on Tuesday, with financial stocks edging lower after Moody's overnight cut credit ratings
2023-08-08 17:47
China's car sales fall for 2nd month in July as price war continues
By Qiaoyi Li and Miyoung Kim BEIJING (Reuters) -China's passenger vehicle sales fell for a second month in July, as
2023-08-08 17:29
Defying war risk, European traders store gas in Ukraine
By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW European gas traders have begun storing natural gas in Ukraine to
2023-08-08 17:20
Taiwan’s Exports Decline Slows as Surplus Rises to Record High
Taiwan’s exports tumbled for the eleventh straight month in July in a sign that global demand for chips
2023-08-08 16:51
European Gas Prices Ease as Winter Fuel Stockpiles Keep Rising
European natural gas prices eased, with traders weighing ever-rising fuel stockpiles against the risk of supply constraints. Benchmark
2023-08-08 16:46
