Business News

SINGAPORE (Reuters) — The dollar slipped on Monday as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S. rates, while turning hopeful that loosening lockdowns in China can help global growth and exporters’ currencies. U.S equity futures bounced sharply i…

TOKYO (Reuters) — President Joe Biden launches his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding countries to work out how to enforce their agreements and if China could ever join. Biden is unveiling the Indo-Pacific Economic Framework for Prosperity or IPEF in …

(Reuters) —  Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called “Fed put” has gone. Meeting minutes from the world’s foremost policy makers may shed some light, while New Zealand and South Korean…

SEOUL (Reuters) — Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobil…

NEW YORK (Reuters) — The stock market’s brutal year neared a grim milestone as the S&P 500’s slide on Friday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. …

SAN FRANCISCO (Reuters) — Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musk’s deal to buy Twitter. The comments came as high-profile Tesla bull Daniel Ives, an analyst at Wedbush, …

(Reuters) — Kohl’s Corp cut its full-year earnings forecast on Thursday, joining some of the largest U.S. retailers in warning that red-hot inflation is starting to erode profit margins and consumer spending power. Walmart Inc and Target Corp reported substantial drops in quarterly earnings t…

NEW YORK (Reuters) — Evidence of red-hot inflation seeping into the American economy is sending a chill through investors after major U.S. retailers reported people are cutting back on buying bigger-ticket items as they just try to get by. Investors wiped almost 25% off Target shares on Wednesday a…

WASHINGTON (Reuters) — Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report from the Commerce Department on Wednesday al…

(Reuters) — The Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices. Target Corp’s first-quarter profit halved an…