Investors are looking for clues about consumer health as the holiday shopping season begins

NEW YORK, Nov 25 (Reuters) – Investors are closely watching U.S. retail stocks as a barometer of consumer confidence as inflation bites as the most important shopping season of the year opens on Friday. Consumer discretionary stocks, as measured by the S&P 500 Consumer Discretionary sector — the group of companies that profit from retail, … Read more

As recession looms, British business sends loan SOS

Loans are more expensive, with stricter terms, as banks weigh the risks Some business owners use their own money to bridge the gaps The financial crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation skyrockets and recession looms, many British firms are struggling to secure affordable bank funding, increasing … Read more

Wall Street Mixed After Weak Business Data; Tesla drags the Nasdaq

ADRs in China are due to concerns about the direction of the economy Tesla falls on price cuts in China US business contracts in Oct Indexes: Dow up 0.46%, S&P up 0.09%, Nasdaq up 1.19% Oct 24 (Reuters) – U.S. stock indexes were mixed in morning trade on Monday, with the tech Nasdaq hit by … Read more

Technology sharing is a stumbling block as Renault and Nissan decide to reset, sources say

PARIS/TOKYO, Oct 23 (Reuters) – Technology sharing has emerged as a sticking point between Renault SA ( RENA.PA ) and Nissan Motor Co Ltd ( 7201.T ) as the two negotiate a review of their long-standing partnership, two people told Reuters people familiar with the discussions. The French and Japanese automakers said this month they … Read more

Australia needs workers, but a million are stuck at the door

Sign up now for FREE unlimited access to I am registering SYDNEY, Sept 1 (Reuters) – Reductions in visa processing times in Australia have left about one million would-be workers in limbo, exacerbating an acute staff shortage that has crippled business and dampened economic sentiment. Two years of tight border controls and an exodus … Read more

‘I felt like my insides were crying’: China’s COVID restrictions are hitting young people’s mental health

HONG KONG, Aug 30 (Reuters) – Zhang Meng had a meltdown last December. The 20-year-old found herself sobbing on the stairs of her dormitory, driven to despair by repeated COVID-related lockdowns on her university campus in Beijing. The lockdown meant she was mostly confined to her room and unable to meet friends. There were also … Read more

Rising spending on business equipment in the US is allaying recession fears

Orders for basic capital goods rose 0.4% in July Supply of basic capital goods up 0.7% Orders for durable goods are unchanged Pending home sales fall 1.0% in July WASHINGTON, Aug 24 (Reuters) – New orders for U.S.-made capital goods rose in July, but the pace slowed from the previous month, suggesting a modest recovery … Read more

US goods trade deficit, business spending data may save Q2 GDP

The goods trade deficit narrowed 5.6% to $98.2 billion in June Wholesale inventories rose 1.9%; retail stocks rose 2.0% Orders for basic capital goods rose 0.5%; shipments up 0.7% WASHINGTON, July 27 (Reuters) – The U.S. goods trade deficit narrowed sharply in June as exports rose while business spending on equipment remained strong, reducing the … Read more

Most US small businesses worry recession is coming – Goldman survey

A U.S. dollar bill is seen in this June 22, 2017, file photo. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to I am registering WASHINGTON, July 13 (Reuters) – About 93 percent of small business owners worry the United States will slip into a recession in the next six months, a survey released … Read more

EXCLUSIVE UAE to build $ 6 billion Red Sea port in Sudan

A man stands in front of the modern port of Port Sudan in the Red Sea state, February 24, 2014. REUTERS / Mohamed Nureldin Abdallah Register now for FREE unlimited access to I’m registering CAIRO, June 20 (Reuters) – The United Arab Emirates will build a new Red Sea port in Sudan as part … Read more