McDonald’s sales fall globally for first time in more than three years
By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters,…
July 2024
Analysis-Southwest Airlines to end its brand-defining open-seating policy. Will it work?
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines’ plan to eliminate open seating is one way for the company…
Apple signs on to voluntary US scheme to manage AI risks, White House says
WASHINGTON (Reuters) – Apple Inc has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 other…
US FDA warns of dosing errors with compounded versions of Novo’s weight loss drugs
(Reuters) – The U.S. Food and Drug Administration on Friday warned patients and doctors about dosing errors associated with compounded…
Chile’s Codelco says output falls 8% in first half of 2024
By Fabian Cambero and Natalia Siniawski SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday posted a 8.4%…
Analysis-End of tax loophole risks dimming Shein’s IPO appeal, investors say
By Helen Reid LONDON (Reuters) – Moves by authorities in the European Union and elsewhere to end tax breaks for…
Ackman cuts new fund’s target size, asks investors to commit
By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the…
Cold storage REIT Lineage rises 5% in the biggest IPO of 2024
By Pritam Biswas and Echo Wang (Reuters) -Cold storage real estate investment trust Lineage’s shares gained 5% in their Nasdaq…
Tech-led selloff drives record volume in NDX options
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the…