Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
White House expects minimal impact on U.S. and global economy from Russia default
WASHINGTON (Reuters) - The White House said on Thursday it expects minimal impact on the U.S. and global economy from a Russia debt default. "We expect the impact on the U.S. and the global economy to...
May 26, 2022
Costco beats quarterly revenue estimates on strong consumer spending
(Reuters) - Costco Wholesale Corp beat Wall Street estimates for quarterly revenue on Thursday, boosted by strong consumer spending on its fresh food, home furnishings and fuel offerings amid surging ...
May 26, 2022
Dell revenue zooms past expectations on strong PC demand
(Reuters) - Dell Technologies Inc beat revenue expectations for the ninth straight quarter on Thursday, as the PC maker saw robust demand for its computers and laptops as companies embrace a hybrid wo...
May 26, 2022
Gap slashes annual forecasts as inflation drains demand; shares plunge
(Reuters) - Gap Inc cut its annual sales and profit forecasts on Thursday, becoming the latest U.S. retailer to come under pressure from soaring costs and poor demand in the face of decades-high infla...
May 26, 2022
llinois officials order stay on Carvana's temporary license suspension
(Reuters) - The Illinois Secretary of State's office implemented a stay on Carvana Co's temporary suspension, allowing the online used-car retailer to do business in the state under strict guidelines,...
May 26, 2022
Fed's Brainard: We can't take global status of U.S. dollar for granted
By Lindsay Dunsmuir (Reuters) - The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help safeguard its global dominance as ot...
May 26, 2022
Fed may pause policy tightening in September, BofA says
NEW YORK (Reuters) - The Federal Reserve could pause its monetary policy tightening in September if there is an economic deterioration and inflation subsides, BofA strategists said on Thursday, a day ...
May 26, 2022
EY plans global audit spinoff - Financial Times
(Reuters) - Accounting firm Ernst & Young is planning to split its audit and advisory operations worldwide, the Financial Times reported on Thursday, citing three people with knowledge of the plans. E...
May 26, 2022
Silver Lake's backing of dealmaking CEOs pays off
By Chibuike Oguh (Reuters) - Private equity firm Silver Lake has spent years cultivating and backing chief executives enamored with big deals, a strategy that pays off handsomely when large acquisitio...
May 26, 2022
Nippon Steel sees seamless pipe business back in profit thanks to increased gas drilling
By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) - Nippon Steel Corp, the world's No.5 steelmaker, expects its seamless pipe business will return to a profit this year from a loss last year as gas...
May 26, 2022
