Business

Home Depot reiterates annual forecasts, flags housing affordability woes

Tuesday, May 19 by SRN News

May 19 (Reuters) - Home Depot on Tuesday maintained its annual forecasts for a second straight time, even as the top U.S. home improvement retailer warned of rising volatility over consumer spending and ongoing pressure from housing affordability. Shares were last up marginally in choppy... Read More.

Analysis-Is the futures market getting ahead of itself on rate hikes?

Tuesday, May 19 by SRN News

By Karen Brettell NEW YORK, May 19 (Reuters) - It looks like the bond market is betting a Federal Reserve rate increase could be on the way - but Fed members and economists mostly don't seem to think so. What's going on? Fed funds futures -... Read More.

Morning Bid: Ceasefire on a knife edge

Tuesday, May 19 by SRN News

By Mike Dolan May 19 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global oil prices, stocks and bond yields levelled off on Tuesday as U.S. President Donald Trump held out hopes for a breakthrough in Iran... Read More.

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Tuesday, May 19 by SRN News

Home Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies. Profit fell from its first quarter last year, but the national home improvement retailer beat Wall Street expectations. "The underlying demand in our business was... Read More.

Former Spanish Prime Minister Zapatero under investigation for role in airline bailout

Tuesday, May 19 by SRN News

MADRID (AP) - A Spanish court is investigating former Prime Minister José Luis Rodríguez Zapatero for alleged influence peddling and other possible crimes tied to a government airline bailout. The National Court in Madrid is probing possible financial wrongdoing in connection with the Spanish government's... Read More.

Coach owner Tapestry targets international markets for 70% of growth

Tuesday, May 19 by SRN News

FASANO, Italy, May 19 (Reuters) - Tapestry expects about 70% of its growth over the next few years to come from international markets, with the Coach handbag owner's expansion plans focused on China and Europe. "Our penetration right now is relatively lower in international markets,"... Read More.

EU prepares to cut US import duties to avoid Trump tariff hike

Tuesday, May 19 by SRN News

By Philip Blenkinsop BRUSSELS, May 19 (Reuters) - European Union negotiators were expected to agree on Tuesday to scrap import duties on U.S. goods to comply with the trade deal struck with the United States last year and ward off U.S. President Donald Trump's threat... Read More.

Analysis-BOJ could temper its taper as bond wobbles rattle markets

Tuesday, May 19 by SRN News

By Leika Kihara TOKYO, May 19 (Reuters) - Financial market turbulence could force the Bank of Japan to go slow on the unwinding of its massive debt holdings, giving anxious bond investors some relief as surging yields lay bare worsening fiscal strains and inflation pressures. The... Read More.

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

Tuesday, May 19 by SRN News

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence while targeting growth. The London-headquartered lender is one of the first major global banks to... Read More.

New Zealand’s government plans to cut 14% of public sector jobs to slash spending

Tuesday, May 19 by SRN News

WELLINGTON, New Zealand (AP) - New Zealand's government will lay off nearly 9,000 workers, amounting to 14% of public sector jobs, by mid-2029 as part of a bid to slash billions in spending, Finance Minister Nicola Willis said Tuesday. Willis said her administration would... Read More.

Current Weather

Home Depot reiterates annual forecasts, flags housing affordability woes

Analysis-Is the futures market getting ahead of itself on rate hikes?

Morning Bid: Ceasefire on a knife edge

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Former Spanish Prime Minister Zapatero under investigation for role in airline bailout

Coach owner Tapestry targets international markets for 70% of growth

EU prepares to cut US import duties to avoid Trump tariff hike

Analysis-BOJ could temper its taper as bond wobbles rattle markets

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

New Zealand’s government plans to cut 14% of public sector jobs to slash spending

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