TJX Cos raised its annual sales and profit forecasts on Wednesday, boosted by steady demand from budget-conscious customers looking for promotional deals and bargains ahead of the crucial holiday shopping season.
Israel’s war with Hamas in Gaza will lead to a larger-than- expected budget deficit next year, investment bank JPMorgan said on Wednesday, adding that the cost of the conflict would also result in a significant jump in debt issuance.
Target on Wednesday forecast holiday-quarter profit largely above Wall Street expectations as the big-box retailer benefits from easing supply-chain costs and its efforts to control inventory start to pay off, sending its shares up 14% in premarket trading.
Catalent on Wednesday posted a smaller-than-expected loss in the first quarter as the contract drug manufacturer showed signs of improvement across its struggling pharmaceutical and biologics businesses.
Santa Claus may not have as much to give this year because hard up shoppers in Europe and the United States are prioritizing food and household staples, global toy makers and industry experts said.
Canadian food and pharmacy retailer Loblaw on Wednesday reported a 5% increase in third-quarter revenue, aided by robust demand for drugs as well as discounted groceries at its stores.
Hedge funds are helping to fill a bond-buying gap in European government bond markets left by central banks and playing an important role in boosting liquidity, debt agency chiefs from some of the region’s biggest issuers said on Wednesday.
The European Commission on Wednesday said it had given Amazon until Dec. 6 to provide more information on measures the online retailer takes to protect customers against illegal products.
Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government’s response to a national scandal over confidential tax plans leaked by a PwC Australia partner.
French car maker Renault said its electric vehicles unit Ampere would see revenue more than treble to 10 billion euros ($10.8 billion) in 2025 as it sought to fire up doubtful investors ahead of a planned market listing of the business next year.
