As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy’s could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers.
Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe’s as demand remained under pressure from uneven consumer spending and a subdued housing market.
Moody’s on Friday lowered its outlook on the U.S. credit rating, increasing the odds of a downgrade of the only remaining top rating of the country by the third major assessor.
Tyson Foods on Monday forecast revenue for its next fiscal year below Wall Street estimates after missing fourth-quarter revenue expectations, hit by falling chicken and pork prices as well as slowing demand for its beef products.
Brazilian meatpacker Minerva said on Monday it has been informed by Paraguayan authorities of the approval of a health protocol set to open the U.S. market for Paraguayan beef exports.
Gold miner Uzhuralzoloto (UGC) set the price range on Monday for its initial public offering (IPO) on the Moscow Exchange, the latest in a series of small capital raises by Russian companies as they adjust to life without Western capital.
