Reuters USA

By Siddharth Cavale (Reuters) -Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins. Shares of the world’s largest retailer fell 0.8% in early trading as the company continued to battle …

Walmart gets cautious on economic outlook, sees lower 2023 performance Read More »

(Reuters) – Wall Street’s main stock indexes opened lower on Tuesday as retailers Walmart and Home Depot delivered a double blow to traders returning after a long weekend amid worries that interest rates will remain higher for longer. The Dow Jones Industrial Average fell 127.00 points, or 0.38%, at the open to 33,699.69. The S&P …

Wall St slides at open as Walmart, Home Depot forecasts disappoint Read More »

By Hannah Lang (Reuters) -The firm behind Binance’s stablecoin, Paxos Trust Company, is in talks with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with the …

Paxos in discussions with U.S. SEC over Binance stablecoin- internal email Read More »

By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) – TJX Cos Inc is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers offering cheaper deals and promotions. The expected surge in demand for companies such as TJX, Ross Stores and Burlington Stores Inc follows a …

TJX sales may surge in 2023 on bargain hunting for top fashion brands Read More »

By Ali Kucukgocmen and Henriette Chacar ANTAKYA, Turkey (Reuters) -Six people were killed in the latest earthquake to strike the border region of Turkey and Syria, authorities said on Tuesday, two weeks after a massive quake killed more than 47,000 people and damaged or destroyed hundreds of thousands of homes. Monday’s quake of magnitude 6.4, …

Six killed after latest earthquake shakes Turkey-Syria border Read More »

Feb 21 (Reuters) – Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as well as general merchandise stores, Statistics Canada said on Tuesday. Sales were seen to rise by 0.7% in January, the agency said in a flash estimate. …

Canada December retail sales up 0.5% on autos, seen up 0.7% in January Read More »

By David Shepardson (Reuters) – U.S. Transportation Secretary Pete Buttigieg on Tuesday urged major railroads and Congress to take significant steps to boost train safety and said he would pursue new regulations without action by lawmakers after a toxic derailment in Ohio. “This represents an important moment to redouble our efforts to make this far …

U.S. urges rail industry, Congress to boost safety measures after toxic derailment Read More »

By Jonathan Cable LONDON (Reuters) -Surprisingly strong services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a survey on Tuesday, the latest evidence the currency union could escape a recession. A sister survey showed businesses in Britain reporting an unexpected bounce in activity …

Euro zone business growth at 9-month high as services supports -flash PMI Read More »

By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) – Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around the world. The U.S. Treasury hit its $31.4 trillion borrowing limit last month. Unless congress …

Analysis-Looming U.S. default risk prompts investors to cut some debt exposure Read More »

By Chris Taylor NEW YORK (Reuters) – Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life ‘bucket list’: Seeing his favorite band, Metallica, play live. One problem: They are not coming to his city of Jerusalem, so he is considering going to …

How to afford the big price tag of your lifetime ‘bucket list’ Read More »