(Reuters) - Ross Stores (NASDAQ:ROST) forecast annual profit and same-store sales below Wall Street estimates on Tuesday as budget-conscious consumers cut back on discretionary spending amid sticky inflation. Lower-income customers, whose household budgets have shrunk due to higher pricing pressures, have been compelled to hit a pause on even cheaper non-essential items and limit purchases...
The U.S. dollar depreciated against its major counterparts in the New York session on Tuesday, as weaker-than-expected ISM services PMI for February increased chances of a rate cut in June. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth,...
By Jonathan Stempel (Reuters) - X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on nearly 1,700 songs by letting people post music online without permission. U.S. District Judge Aleta Trauger in Nashville, Tennessee said...
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious. Investors also digested the latest batch of economic data from Europe and U.S., in addition to reacting...
-- U.S. stock index futures steadied in evening deals on Tuesday as Wall Street nursed a sharp fall from record highs, with focus turning squarely to an upcoming testimony by Federal Reserve Chair Jerome Powell. A mix of profit-taking, particularly in the technology sector, and anxiety over U.S. interest rates, was the key driver of...
The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe. The benchmark SMI, which moved between 11,447.89 and 11,504.02, ended with a loss of 14.06 points or 0.12% at 11,463.74. Kuehne & Nagel ended nearly 2%...
By Brendan Pierson (Reuters) - Bayer (OTC:BAYRY) on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company\'s Roundup weedkiller. In addition to the jury verdict in the Philadelphia Court of Common Pleas, Bayer said a California...
The Canadian market ended flat on Tuesday after stocks turned in a mixed performance as investors awaited the Canadian central bank\'s monetary policy announcement. Technology and communications stocks fell, while energy stocks found support despite weak crude oil prices. The benchmark S&P/TSX Composite Index, which opened slightly down but climbed to 21,622.99 subsequently, dropped to...
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week\'s crop of economic data and remarks from Federal Reserve Chair Jerome Powell....
SINGAPORE (Reuters) - Singapore\'s biggest bank DBS Group (OTC:DBSDY) has grown its sustainable financing commitments, net of repayments, by 37.3% to 70 billion Singapore dollars ($52.10 billion) as of end-December, from S$51 billion in 2022, it said on Wednesday. DBS, which is also Southeast Asia\'s biggest bank by assets, reduced its thermal coal exposure by...