By Juveria Tabassum (Reuters) -Home Depot forecast a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as tepid discretionary spending dashed hopes of a recovery in demand for home improvement projects. Shares of the Dow component fell 4% in premarket trading after the company also reported a bigger…
BANGKOK (Reuters) – Thailand will increase the size of a state mutual fund by between 100 billion baht and 150 billion baht ($2.8 billion-$4.3 billion) to invest in local stocks, officials said on Tuesday, in a bid to support Asia’s worst performing market this year. The Vayupak Mutual Fund will offer new units to the…
By Jarrett Renshaw (Reuters) – President Joe Biden will announce Tuesday he is putting $150 million in new federal funding towards developing technology to better help surgeons successfully remove cancerous tumors, the White House said. The award, to be announced during a visit to New Orleans, is the latest infusion of cash in Biden’s “Cancer…
WASHINGTON (Reuters) – U.S. producer prices increased less than expected in July as a rise in the cost of goods was tempered by cheaper services, indicating that inflation continued to moderate. The producer price index for final demand gained 0.1% last month after rising by an unrevised 0.2% in June, the Labor Department’s Bureau of…
(Reuters) – Ford Motor issued an do-not-drive advisory on Tuesday for certain vehicles still affected by Takata airbag recalls. The Detroit automaker urged drivers to contact dealerships immediately for repairs. The recall includes specific models such as Ranger trucks, Mustang and GT sports cars, Fusion sedans and some SUVs including its popular Edge model, among…
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that the central bank may dole out more easing steps. Chinese banks extended 260 billion yuan ($36.28 billion) in…
By Andrea Shalal WASHINGTON (Reuters) – The Democratic National Committee will spend over $100,000 in a first-ever push to register the 9 million Americans living abroad, working to win votes for the party’s nominee Vice President Kamala Harris in the Nov. 5 presidential election. The funding for Democrats Abroad, which represents Democrats living outside the…
(Reuters) – JetBlue Airways said on Monday it plans to raise about $3.15 billion in capital through separate debt offerings, the majority backed by its loyalty program, TrueBlue, as it tries to improve its liquidity. Shares of the company were down 8% in premarket trading. The New York-based airline intends to raise $1.5 billion through…
(Reuters) -Starbucks and activist investor Elliott Management are talking about a settlement, CNBC reported on Monday, citing sources. Elliott had built a sizable position in the coffee chain and has been discussing ways of improving its stock performance, Reuters had reported in July, citing two sources familiar with the matter. The activist investor had proposed…
By Jehad Shalbak Amr Alfiky YOHMOR/TYRE, Lebanon (Reuters) – Displaced in south Lebanon five times, Kamel Mroue and his wife Mariam are anxious about their next move as they follow the news of clashes between Israel and Hezbollah, fearing border hostilities will turn into all-out war. The parents of three children, who live abroad, have…
