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January 28, 2022

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Apple teases metaverse AR plans, stock jumps

Reuters
Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 27 (Reuters) – Apple Inc teased its metaverse ambitions on Thursday as CEO......

Apple sales and profit top estimates as hit from chip shortages eases

Reuters
Pedestrians walk past an Apple store as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Apple Inc (AAPL.O) is overcoming the costly global shortage in computer chips, posting record sales over......

Mondelez revenue tops market estimates on strong snack demand, price hikes

Reuters
Oreo biscuits are seen displayed in front of Mondelez International logo in this illustration picture taken July 26, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Mondelez International Inc (MDLZ.O) topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo......

U.S. retail investors kept buying stocks on Fed day -analysts

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK/MILAN, Jan 27 (Reuters) – Retail investors bought a net of $1.66 billion in equities on Wednesday when......

Court dismisses claims Robinhood wrongly restricted “meme stock” trades

Reuters
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – A U.S. federal court on Thursday dismissed......

Rising costs, pandemic curbs take a bite out of McDonald’s profit

Reuters
Customers are seen at a McDonald’s fast food restaurant in Tokyo, Japan, September 26, 2017. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – McDonald’s Corp (MCD.N) missed revenue and profit expectations on Thursday, as higher costs and dismal sales in its......

Norway wealth fund earns second-highest return in 2021

Reuters
A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Jan 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, earned a return on investment......

Ackman’s Pershing Square takes new position in Netflix

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Jan 26 (Reuters) – Billionaire investor William Ackman has built a new stake in......

Intel posts record fourth-quarter revenue, misses on earnings forecast

Reuters
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Chipmaker Intel Corp posted record fourth-quarter revenue, but forecast first-quarter earnings short of......

Denim demand powers Levi upbeat forecast as people refresh wardrobes

Reuters
Products are displayed at a Levi Strauss store in New York, U.S., March 19, 2019. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Levi Strauss & Co (LEVI.N) forecast full-year sales and profit above Wall Street estimates on Wednesday, encouraged by higher......

China’s Realme eyes Europe’s high-end smartphone market with new launch

Reuters
To start selling premium GT 2 Pro phone across Europe in Feb GT 2 Pro priced at $792-$905, in line with other high-end phones SHENZHEN, China, Jan 26 (Reuters) – China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as......

Exclusive: SoftBank-backed Gopuff hires banks for IPO

Reuters
Jan 25 (Reuters) – Gopuff, the SoftBank Group Corp-backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the......

Walmart’s Mexico unit considering ‘strategic alternatives’ in Central America

Reuters
Men walk past the logo of Walmart outside a store in Monterrey, Mexico February 12, 2018. REUTERS/Daniel Becerril/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 24 (Reuters) – Walmart’s Mexico unit is considering “strategic alternatives” to its operations in Central America, including a sale......

Delivery race among Indian grocery startups brings road safety risks

Reuters
Ten-minute delivery times wow online shoppers Growth of quick commerce pressures rivals Road safety concerns rise in race for faster deliveries Experts say businesses could struggle for profits NEW DELHI, Jan 23 (Reuters) – Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking......

Sycamore Partners approaches Kohl’s with a potential takeover offer -Bloomberg News

Reuters
A sign marks a Kohl’s store in Medford, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder Jan 23 (Reuters) – U.S. department store chain Kohl’s Corp (KSS.N) has been approached by private equity firm Sycamore Partners about a potential takeover offer, Bloomberg News reported on Sunday, citing people familiar with the......

Hong Kong warns of worsening COVID outbreak as leader defends hamster cull

Reuters
People queue up at a community testing centre for the coronavirus disease (COVID-19), after the district has been identified as a high-risk area, in Tuen Mun, Hong Kong, China, January 12, 2022. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register HONG KONG, Jan 22 (Reuters) – Hong......

Amazon could face claims by U.S. agency over union supporter’s firing

Reuters
A labor board official found merit to claims that firing was unlawful Complaint will be issued unless Amazon settles Company was accused of interfering with Alabama union election Jan 21 (Reuters) – Amazon.com Inc may soon face claims from a U.S. labor board that it unlawfully fired a vocal union......

Pandemic darlings face the boot as investors eye return to normal life

Reuters
LONDON, Jan 21 (Reuters) – Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normality as more countries gradually relax COVID restrictions. The selloff which began after Netflix and......

U.S. to distribute 400 million free N95 masks at CVS, Walgreens in COVID fight

Reuters
WASHINGTON/LOS ANGELES, Jan 19 (Reuters) – The U.S. government will make 400 million non-surgical “N95” masks from its strategic national stockpile available for free to the public starting next week, a White House official said, as the Biden administration tries to curb the COVID-19 pandemic. Snug-fitting N95 face masks, so-called......

Jewellery helps Richemont sales jump amid post-pandemic luxury revival

Reuters
High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau/File Photo Register now for FREE unlimited access to Reuters.com Register Q3 sales up 32% at constant currency Jewellery, Americas, Europe strong Shares rise 5.7% ZURICH, Jan 19 (Reuters) – Strong demand......

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