Shares of Foot Locker Inc plunged 25% premarket on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.
U.S. President Joe Biden is likely to get another update from his team on budget negotiations with Republicans on Friday night in Japan, where he is traveling for the Group of Seven (G7) meetings, a spokesperson said.
China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of dollar deposits, the central bank said on Friday.
Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Investors pumped $25.1 billion into cash in the week to Wednesday, but the flow into cash funds has slowed recently, reflecting a greater degree of investor confidence, according to a report from BofA Global Research on Friday.
Japanese automotive supplier Hitachi Astemo said on Friday it found misconduct over testing and other procedures for components had lasted as long as four decades, affecting a much wider range of plants and customers than previously disclosed.
U.S.-based bankers and money managers whose job titles include “ESG” or “sustainability” earn on average around 20% higher base salaries than colleagues of the same seniority without those labels, according to analysis of salary data shared with Reuters.
Tesla Inc is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker.
Deere & Co on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust.
