By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its products may spell trouble for the business. The New Yorker, 38, mostly shops at Target through her Instacart app for a few groceries and…
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
LONDON (Reuters) – A “disorderly evolution” of the situation in Slovakia following an attempted assassination of Prime Minister Robert Fico could raise the political risk level for the country’s credit rating, Moody’s said on Wednesday. Fico was in a life-threatening condition having been shot in the central Slovak town of Handlova. Moody’s, which rates Slovakia…
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts’ average estimate of…
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions…
By Granth Vanaik and Siddharth Cavale (Reuters) – Keith Gill, the meme stock trader “Roaring Kitty,” thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday. What is Chewy and why has it attracted Gill’s interest? WHAT’S THE BUSINESS? Chewy is an $11 billion…
WASHINGTON (Reuters) – The U.S. Trade Representative’s (USTR) office on Friday announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, and said some would be extended through May 31, 2025. WHY IT’S IMPORTANT The administration of former President Donald Trump used Section…
(Reuters) – Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker’s best-selling 737 MAX and other jets. Striking workers with the International Association of Machinists and Aerospace Workers received their last paycheck this…
(Reuters) -PepsiCo said on Tuesday it would expand its fleet of electric vehicles in California, deploying 50 Class 8 Tesla Semi trucks and 75 Ford E-Transit electric vans at its facilities in the state over the next several months. The beverage maker said the move would help “step-change” the electrification of its equipment services fleet…
(Reuters) – Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple Worker Adjustment and Retraining Notification (WARN) notices on Monday. (Reporting by Akash Sriram in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Shilpi Majumdar)
