While reporting financial results for the fourth quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the first quarter. For the first quarter, the company expects comp sales to improve relative to the fourth quarter and be in the mid-single-digit negative range, as key actions to improve the...
SEOUL (Reuters) - South Korea\'s antitrust agency will consider imposing sanctions on Meta Platforms (NASDAQ:META) for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday. The Korea Fair Trade Commission (FTC) had investigated possible violations of the country\'s e-commerce law and had...
UK house prices increased for the fifth consecutive month in February vindicating the view that the property market is on a recovery path. House prices advanced 0.4 percent from January, mortgage lender Halifax reported Thursday. However, the pace of growth eased sharply from 1.2 percent in January, and was also weaker than economists\' forecast for...
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives will fast-track a vote next week on legislation that would give China\'s ByteDance six months to divest from short video app TikTok or face a U.S. ban after a committee unanimously approved the measure Thursday. The Energy and Commerce Committee 50-0 vote represents the most...
While reporting financial results for the fourth quarter on Thursday, aluminum wheel supplier Superior Industries International, Inc. (SUP) initiated net sales guidance for the full-year 2024, below analysts\' estimates. For fiscal 2024, the company now project net sales in a range of $1.38 billion to $1.48 billion. On average, three analysts polled by Thomson Reuters...
European stocks closed on a firm note on Thursday as investors reacted positively to the European Central Bank\'s inflation forecast, and on optimism about interest rate cuts by the Federal Reserve this year. The ECB decided to leave interest rates unchanged, as widely expected. The ECB expects the eurozone economy to grow 0.6% in 2024,...
After a weak start and a subsequent long spell in negative territory, the Switzerland market recovered and closed modestly higher on Thursday thanks to strong buying at select frontline counters. The benchmark SMI, which dropped to a low of 11,470.77 in early trades, ended the day\'s session at 11,575.37, gaining 28.90 points or 0.25%. Givaudan...
The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a downgrade of inflation forecasts by the European Central Bank intensified hopes for a rate cut in June. The ECB left the key interest rates unchanged and lowered inflation forecasts for this year and the next. The central bank...
Consumer credit in the U.S. increased by much more than expected in the month of January, according to a report released by the Federal Reserve on Thursday. The Fed said consumer credit jumped by $19.5 billion in January after inching up by a revised $0.9 billion in December. Economists had expected consumer credit to climb...
The U.S. dollar extended its recent weakness and shed ground against its major counterparts on Thursday amid continued bets the Federal Reserve will cut interest rates this year. The European Central Bank\'s policy announcement, its views on interest rates, Fed Chair Jerome Powell\'s congressional testimony, and the latest batch of U.S. economic data were all...