By Matt Tracy (Reuters) - Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report by credit rating agency Moody's Investors Service. Defaults among the…
By Simon Jessop LONDON (Reuters) - The world is entering a "new economic regime" that will see company performance driven by how boards manage mega-trends including the transition to a low-carbon economy and AI, asset manager BlackRock said on Thursday.…
(Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed…
(Reuters) -Target said on Thursday it has named finance chief Michael Fiddelke its new chief operating officer, effective Feb. 4, replacing long-time executive John Mulligan. Fiddelke, who has been Target's CFO since November 2019, would exit the role after his…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground heading into the new year. The upbeat report from…
(Reuters) -Apple ended Samsung Electronics' 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp. Samsung ended the year with a 19.4% share,…
By Hyunjoo Jin and Christoph Steitz (Reuters) -Tesla has slashed prices of its Model Y cars across Europe including in Germany, a week after the company cut prices in China in the face of uncertain electric-vehicle demand. The cuts, as…
By Noele Illien and Sinead Cruise ZURICH (Reuters) -UBS CEO Sergio Ermotti dismissed critics' warning about the size of his bank's balance sheet on Wednesday, arguing that UBS's rescue of Credit Suisse had created a larger but also stronger lender.…
By Douglas Gillison (Reuters) -The Biden administration on Wednesday unveiled new draft regulations officials said could save consumers $3.5 billion a year by curbing the fees large banks charge on overdrawn deposit accounts. The announcement marked the latest effort in…
(Reuters) - TuSimple Holdings said it has decided to voluntarily delist from the Nasdaq and terminate its registration with the U.S. securities regulator, sending the autonomous driving technology company's shares down 40% in premarket trading. The company, which went public…
