Costco tops quarterly earnings expectations, even as sales remain soft
Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries ...
Tag: business news
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York ...
Indonesia to ban purchases on social media like TikTok, says it will further regulate e-commerce
Two sellers offering merchandise for sale through a TikTok livestream.Bay Ismoyo | Afp | Getty ImagesIndonesia's ministry of trade said ...
SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon.Henrique Casinhas | Sopa ...
Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more
A customer uses an ATM at a Wells Fargo Bank in San Bruno, California, on April 14, 2023.Justin Sullivan | ...
FTC and 17 states sue Amazon on antitrust charges
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon.In a sweeping complaint filed in federal court in ...
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
United Auto Workers from Louisville Kentucky rally in support of striking UAW members, in Detroit, Michigan, September 15, 2023.Rebecca Cook ...
AI chip firm Kneron raises $49 million as it looks to rival Nvidia, with Foxconn among backers
Albert Liu, founder and CEO of Kneron.Harry Murphy | Sportsfile | Getty ImagesKneron, a U.S.-based semiconductor startup, said on Tuesday ...
‘We have dealt with recessions before’: Jamie Dimon says geopolitics is the world’s biggest risk
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during ...
Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year
Secondhand goods marketplace Carousell expects to "healthily" reduce its losses this year, putting it on track to profitability, the firm's ...
