By Granth Vanaik (Reuters) -Kohl's lowered the top end of its annual sales forecast and said it would be aggressive with promotions in the crucial holiday season as cost-conscious shoppers spend less at its department stores, sending its shares tumbling…
By Juveria Tabassum and Juby Babu (Reuters) -Abercrombie & Fitch's and American Eagle Outfitters' upbeat third-quarter results and annual forecasts were overshadowed by caution around holiday-quarter sales from several major retailers. Apparel retailer Abercrombie & Fitch's shares, which have more…
By Jeffrey Dastin, Anna Tong, Akash Sriram and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman moved to backer Microsoft, in a surprise turn of events that clouded the…
A look at the day ahead in European and global markets from Ankur Banerjee Buoyed by a tech-fuelled rally on Wall Street, risk assets in Asia charged higher on rising expectations the Federal Reserve is done hiking rates and will…
By Sinéad Carew and Amruta Khandekar (Reuters) - Wall Street's three major stock averages closed higher on Monday with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives. The…
By Sheila Dang (Reuters) -Social media company X CEO Linda Yaccarino told employees that "data will tell the real story" about its efforts to battle antisemitism, according to a note to employees, amid growing outrage over the issue. X, formerly…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators on Monday said they had opened a probe into 16 separate recalls issued by Hyundai and Kia covering 6.4 million vehicles relating to brake fluid leaks that could result in fires.…
MADRID (Reuters) - Spanish union CCOO on Monday called on 20,000 warehouse and delivery workers at Amazon's local unit to stage a one-hour strike on each shift on Nov. 27, a date known by retailers as 'Cyber Monday', and the…
By Elizabeth Howcroft LONDON (Reuters) - Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The U.S. Secret Service…
By Katherine Masters NEW YORK (Reuters) - Lauren Maginness is a fan of Lululemon. But the 31-year-old product marketer in New York City is increasingly supplementing her activewear with less-pricey brand duplicates she picks up through e-commerce site Amazon.com. One…
