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November 30, 2021

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Walmart CEO says Biden supply chain push is easing bottlenecks

Reuters
WASHINGTON, Nov 29 (Reuters) – Walmart Inc (WMT.N) Chief Executive Doug McMillon on Monday hailed the Biden administration’s efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods. “We are seeing......

Macau casino shares tumble amid arrests, junket mogul detained

Reuters
A logo of Macau junket operator Suncity Group is seen at a gaming fair in Macau, China November 18, 2015. REUTERS/Bobby Yip//File Photo Register now for FREE unlimited access to reuters.com Register HONG KONG, Nov 29 (Reuters) – Macau casino stocks slid on Monday, rattled by the arrests of 11......

Black Friday ‘early birds’ find U.S. stores less crowded, fewer bargains

Reuters
CHICAGO, Nov 26 (Reuters) – Bargain hunters ventured out in chilly weather to buy Christmas gifts on Black Friday, finding stores less crowded than in years past as major U.S. retailers opened their doors early. A shift online, COVID fears and less-steep discounts have thinned crowds on the day after......

From cruise operators to airlines: ‘Reopening’ stocks tumble on variant fears

Reuters
Nov 26 (Reuters) – Companies benefiting from this year’s economic reopening, including AMC Entertainment, United Airlines and Carnival Corp, were hammered on Friday by fears over a new and possibly-vaccine resistant coronavirus variant. The variant, discovered in South Africa, prompted several countries to tighten border controls and investors to dump......

Climate activists target Amazon depots in Britain on ‘Black Friday’

Reuters
Woman with smartphone is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register TILBURY, England, Nov 26 (Reuters) – Climate activists targeted 13 Amazon (AMZN.O) depots across Britain on “Black Friday” as part......

Investors watch retail stocks as U.S. holiday shopping beckons

Reuters
NEW YORK, Nov 24 (Reuters) – Investors are zeroing in on a number of hot retailers’ shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. The day after the U.S. Thanksgiving holiday, Black Friday,......

IEA chief says he hopes OPEC+ will address ‘artificial’ supply gap

Reuters
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Register now for FREE unlimited access to reuters.com Register LONDON, Nov 24 (Reuters) – The head of the International Energy Agency Fatih Birol said on Wednesday oil markets are......

Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Reuters
The company logo for Nordstrom Inc, is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to reuters.com Register Nov 23 (Reuters) – Nordstrom Inc (JWN.N) said labor costs pinched its quarterly profit......

U.S.-bound passengers stranded after emergency landing

Reuters
Nov 20 (Reuters) – Dozens of people were stranded in Europe for a second night on Saturday after their U.S.-bound flight made an emergency landing in Dublin following an engine failure, passengers said. Brussels Airlines flight 101 was en route from Brussels to New York on Friday when pilots issued......

Target leans on strong start to holiday season as cost pressures loom

Reuters
Q3 same-store sales up 12.7% Adj. profit $3.03/shr vs. est. $2.83/shr Gross margins down about 260 bps Raises holiday quarter sales forecast Shares down about 5% Nov 17 (Reuters) – Target Corp (TGT.N) on Wednesday raised its sales forecast for the holiday season, boosted by early Christmas shopping by Americans,......

Puppy love: How pet parents cope with costs

Reuters
NEW YORK, Nov 15 (Reuters) – When Pamela Keniston sits down to do her monthly budget, she has a new element to account for these days. Hint: Short blonde fur, barks fiercely at bunnies and goes by the name of Zuzu. The lovable “supermutt” – a mix of Yorkie, Maltese,......

Richemont in talks to sell stake in online business to Farfetch

Reuters
High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau Richemont chairman says company not for sale But in talks with Farfetch over stake in YNAP Net profit and sales jump in first half Shares surge as much as 10% ZURICH,......

Alibaba spotlights social welfare in last hours of toned-down Singles’ Day shopping fest

Reuters
BEIJING, Nov 11 (Reuters) – Alibaba Group Holding Ltd (9988.HK) played down its sales figures and touted its social welfare initiatives in the final hours of its Singles’ Day festival on Thursday, marking a shift in tone for the highly-publicized annual online shopping event. Eschewing a rolling tally tracking transactions......

TSMC, Sony to invest $7 bln for new Japanese chip plant

Reuters
TOKYO, Nov 9 (Reuters) – Taiwan Semiconductor Manufacturing Co (2330.TW) (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group (6758.T), a move that was welcomed by the Japanese government. Sony will invest about $500 million in the factory, it said separately. Construction......

Peloton’s value drops $9.2 billion as Wall Street predicts tough road ahead

Reuters
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton/File Photo Nov 5 (Reuters) – Peloton Interactive Inc (PTON.O) shares closed 35.3% lower on Friday, wiping......

Higher raw material costs weigh on Geberit profit

Reuters
ZURICH, Nov 3 (Reuters) – Geberit (GEBN.S) is seeing “significant challenges on the raw materials markets”, the Swiss building supplies company said on Wednesday, as higher costs weighed on profit growth during the third quarter. The maker of piping and bathroom ceramics reported sales rising 7.6 % to 854.8 million......

Up to 100 missing in collapsed Nigerian highrise

Reuters
LAGOS, Nov 1 (Reuters) – Up to 100 people were missing after a luxury residential highrise under construction in Nigeria’s commercial capital Lagos collapsed on Monday, trapping construction workers under a pile of concrete rubble, witnesses said. A body was retrieved and at least three survivors were pulled out on......

Sega, Microsoft explore cloud gaming alliance

Reuters
Sega logos are pictured at Tokyo Game Show 2016 in Chiba, east of Tokyo, Japan, Sept. 15, 2016. REUTERS/Kim Kyung-Hoon TOKYO, Nov 1 (Reuters) – Sega Sammy Holdings (6460.T) on Monday said it is exploring a strategic alliance with Microsoft (MSFT.O) to develop big budget titles using the Xbox maker’s......

Argentina spends weekend celebrating late hero Maradona

Reuters
BUENOS AIRES, Oct 30 (Reuters) – Argentine football is gearing up for a weekend of celebrations to mark the birthday of late soccer star Diego Maradona, with matches across the country being paused and clubs and fans dressing to remember the controversial superstar. The former Boca Juniors, Napoli and Barcelona......

Sony ekes out 1% Q2 profit rise as PS5 costs squeeze margins

Reuters
The logo of Sony Corp is seen at the CP+ camera and photo trade fair in Yokohama, Japan, Feb. 25, 2016. REUTERS/Thomas Peter Hikes FY operating profit forecast by 6% to Y1 trln Q2 operating profit Y318.5 bln vs Y315.2 bln a year earlier Growing sales in gaming business offset......

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