Target’s renewed private-label push fails to stem market share drop
By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of…
Cocoa climbs back above $10,000 as chocolate industry outlook worsens
By Maytaal Angel LONDON (Reuters) – World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the year’s record peaks as the chocolate industry’s supply crisis worsened…
Dollar gains on hawkish Fed, even as inflation cools
By Karen Brettell NEW YORK (Reuters) -The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at…
Musk says Tesla shareholders voting in favor of his $56 billion pay package
By Hyunjoo Jin, Abinaya V and Greg Roumeliotis (Reuters) -Tesla shareholders were set to approve Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to…
Broadcom soars as demand for AI chips power forecast raise
By Arsheeya Bajwa (Reuters) – Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its…
Citron Research closes GameStop short position
By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days…
Factbox-Tesla shareholder meeting: How investors are voting on Musk’s $56-billion pay package
(Reuters) – Investors will vote on Tesla CEO Elon Musk’s $56-billion compensation package and the company’s reincorporation in Texas, from Delaware, at a consequential shareholder meeting this week. Analysts have…
GameStop raises $2.14 billion amid Roaring Kitty-fueled retail trading frenzy
(Reuters) – GameStop said on Tuesday it had completed an “at-the-market” equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer Keith…
Apple overtakes Microsoft to return as world’s most valuable company
(Reuters) -Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial…
China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were seen selling dollars for yuan in the onshore spot foreign exchange market on Tuesday to prevent the local currency from falling too…