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UK budget shows government doesn’t understand business, says retail veteran

LONDON (Reuters) – Britain’s tax raising budget shows the government does not understand business and it will drive prices higher, restrict pay…
Stock

World markets head for reality check after month of Trump

By Naomi Rovnick, Dhara Ranasinghe and Nell Mackenzie LONDON (Reuters) – November was a month of clear winners and losers from Donald…
Investing

Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and…
Investing

Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website

Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a…
Investing

U.S. charges former Wamco executive Kenneth Leech with fraud

Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a…
Investing

Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan

Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan….
Economy

German opposition leader: ‘definitely’ no debt brake reform before February vote

BERLIN (Reuters) – Germany’s conservative opposition leader and possible next chancellor, Friedrich Merz, on Wednesday rejected a reform of the debt brake…
Economy

Fed will deliver another 25bp cut in December, Barclays says

Investing.com — Barclays anticipates that the Federal Reserve will implement another 25 basis point rate cut in December, according to insights from the…
Economy

Trump’s budget plans push US government lawyers to private sector

By David Thomas (Reuters) – Rank-and-file attorneys in the federal government fear major budget cuts when President-elect Donald Trump assumes office and…
Economy

JPMorgan upgrades Mexican equities on U.S. growth, downgrades Brazil

(Reuters) – JPMorgan upgraded Mexican equities to “overweight” from “neutral” on the back of strong U.S. growth, but cut Brazilian equities citing…
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