Jul 08, 2022
Investors fear earnings season will spark new equities selloff

By Danilo Masoni and Medha Singh MILAN (Reuters) - The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given mounting recession risks, investors and analysts warn. After shedding…

Jul 01, 2022
Chip stocks hammered as Micron forecast signals waning demand

By Sayantani Ghosh (Reuters) - A handful of chipmakers including Micron and AMD have signaled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to…

Jun 29, 2022
Companies cut spending, jobs as outlook grows less certain

By Medha Singh (Reuters) - Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages and confidence in the world…

Jun 24, 2022
Reading the market tea-leaves for global recession risks

By Dhara Ranasinghe, Sujata Rao and Yoruk Bahceli LONDON (Reuters) - The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business…

Jun 16, 2022
Coke bottler Coca-Cola HBC depleting stock in Russia

By Jessica DiNapoli NEW YORK (Reuters) -Bottler Coca-Cola HBC AG and its existing customers in Russia are "in the process of depleting stock," Coca-Cola Co said in a statement, after Reuters reported that Coke was for sale at a McDonald's…

Jun 15, 2022
Wall Street rallies to close higher after Fed statement

By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to…

Jun 07, 2022
Food shortages are next global health crisis – expert

By Jennifer Rigby LONDON (Reuters) - Growing food shortages may represent the same health threat to the world as the COVID-19 pandemic, a leading global health figure has warned. Rising food and energy prices, in part sparked by the war…