Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
BEIJING, Dec 11 (Reuters) – Chinese leaders promised on Thursday to maintain a “proactive” fiscal policy next year that would stimulate both consumption and investment to maintain high economic growth, which analysts expect Beijing to target at roughly 5%. Those pledges were published in a readout by state news agency Xinhua of the annual Central…
By Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November, despite the automaker’s rollout of new, cheaper versions of its best-selling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday. Making a success of the more affordable variants, called Standard, is…
By Jeff Mason WASHINGTON, Dec 10 – President Donald Trump’s administration officially launched his “Trump Gold Card” visa program on Wednesday to provide a pathway, with a steep price, for non-U.S. citizens to get expedited permission to live in the United States. The website Trumpcard.gov, complete with an “apply now” button, allows interested applicants to…
By Yuliia Dysa and Dan Peleschuk KYIV, Dec 9 (Reuters) – Ukraine and its European partners will soon present the U.S. with “refined documents” on a peace plan to end the war with Russia, President Volodymyr Zelenskiy said on Tuesday, following days of high-stakes diplomacy. Kyiv is under pressure from the White House to secure…
By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday…
By Elisa Anzolin and Gianluca Lo Nostro MILAN, Dec 9 (Reuters) – EssilorLuxottica is betting big on smart eyewear and the gamble is about to be tested. Its Ray-Ban Meta glasses, powered by artificial intelligence, have delivered their first meaningful revenue boost this year, but analysts warn that privacy concerns and a wave of new…
By Marta Nogueira RIO DE JANEIRO, Dec 7 (Reuters) – Senator Flavio Bolsonaro, the eldest son of former President Jair Bolsonaro, said on Sunday he may not run for president in next year’s general election. His stance marks a reversal from an announcement on Friday, when the younger Bolsonaro said his father had chosen him…
By Marta Nogueira RIO DE JANEIRO, Dec 7 (Reuters) – Senator Flavio Bolsonaro, the eldest son of former President Jair Bolsonaro, said on Sunday he may not run for president in next year’s general election. His stance marks a reversal from an announcement on Friday, when the younger Bolsonaro said his father had chosen him…
By Marc Jones LONDON, Dec 8 (Reuters) – The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and raises questions of a potential bubble in both, global central bank umbrella body, the Bank for International Settlements, says. While equity markets continue to be…
