Nike Inc cautioned that gross margins would remain under pressure throughout the year, joining peers in warning of a blow from increased discounts and a rapidly strengthening dollar. The company’s shares, which were already among the worst-performing Dow components this… Read More ›
Volkswagen is current in a great position to finance its electrification strategy, according to its finance chief, after reaping around 9.6 billion euros ($9.30 billion) from Porsche’s IPO and considering listing its battery unit. Arno Antlitz, a Reuters reporter, said the carmaker… Read More ›
Following their larger counterparts, a number of small and mid-sized Chinese banks are lowering deposit interest rates in the first widespread move since 2015 to relieve margin pressure brought on by a series of lending rate cuts. The slashing of… Read More ›
The London Metal Exchange (LME) is preparing to start debating prohibiting new deliveries of Russian metals such as aluminum, nickel, and copper so that its warehouses could be used to offload difficult-to-sell stock, according to reports quoting sources with knowledge of… Read More ›
The UK government’s proposal for tax cuts has drawn direct criticism from the International Monetary Fund, which also issued a warning that the measures could exacerbate the cost-of-living crisis. The IMF said in a statement that was unusually blunt that… Read More ›
Over $9 trillion in wealth from American households have been simply wiped off by dropping stock prices which has piled on additional pressure on balance sheets and expenditure of families. According to Federal Reserve data, American holdings of corporate stocks… Read More ›
Three mysterious leaks in two significant gas pipelines connecting Russia and Europe are being investigated by European nations. Although sabotage has not been ruled out as a possibility, the cause of the damage to Nord Stream 1 and 2 is… Read More ›
According to World Bank predictions, Covid-zero policies and the housing market crisis have caused China’s economic growth to lag behind that of the rest of Asia-Pacific for the first time in more than 30 years. The US-based organization stated in… Read More ›
With two new experiences that go live on Roblox on Monday, Walmart is making its metaverse debut. A music festival with popular artists, a ton of different games, and a store of virtual goods, or “verch,” that mirrors what customers… Read More ›
For the first time ever, Amazon will host two Prime Day-like deal bonanzas in one calendar year, which will happen next month. The “Prime Early Access Sale,” as the event is being dubbed by the company, will happen from October… Read More ›
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