Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821 […]
Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted Read more
Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The Read more
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting Read more
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology Read more
Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this […]
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions Read more
Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic Read more
US. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses Read more
Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing's zero-COVID Read more
