Home Depot beats sales estimates on demand from builders

Aug 16 (Reuters) – Home Depot Inc (HD.N) on Tuesday reported quarterly comparable sales above Wall Street estimates on steady demand for home-improvement goods from builders and handymen. Analysts have said demand from home-improvement professionals has been strong, even as do-it-yourself customers are reining in their spending, due to a healthy pipeline of remodeling work. … Read more

Sterling little changed after mixed labor market data

Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 16 (Reuters) – The British pound was little changed on Tuesday, having briefly fallen to its lowest level in over a week, after mixed data showed a jobs market that … Read more

Pandora shares fell on disappointing US sales

Pandora signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Shares down 7.3% Q2 sales in line with expectations US sales disappoint CEO: Inflation has not impacted jewelery sales Pandora postpones revamp … Read more

Tencent stops sales on its NFT platform Huanhe a year after launch as scrutiny mounts

People visit a Tencent booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 16 (Reuters) – Chinese internet giant Tencent Holdings’ (0700.HK) non-fungible token (NFT) platform Huanhe will no longer release digital … Read more

Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

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, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over … Read more

US FTC considers crackdown on how companies collect consumer information

WASHINGTON, Aug 11 (Reuters) – The US Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now … Read more

China’s July vehicle sales jump 30%, industry body says

Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 11 (Reuters) – China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began in June with … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more