Target is proving stores are an important part of the retail landscape — even in the era of the coronavirus.  The big-box retailer revealed quarterly results Wednesday morning, improving on top-line revenues, while logging more than $1 billion in profits. And while digital comparable sales grew 155 percent during the quarter, year-over-year, in-store traffic grew […]

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany, September 22, 2020. REUTERS/Michael Dalder/File PhotoMUNICH (Reuters) – Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a […]

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany, September 22, 2020. REUTERS/Michael Dalder/File PhotoMUNICH (Reuters) – Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a […]

TOKYO/NEW YORK (Reuters) – Global shares stepped back on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.FILE PHOTO: A man wearing a protective face mask is reflected on a stock quotation board outside a brokerage, amid the […]

(Reuters) – The U.S. Senate blocked President Donald Trump’s controversial nomination of Judy Shelton to the Federal Reserve’s board on Tuesday but left a path open for her potential confirmation in the coming weeks.FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File PhotoShelton, 66, a […]

WASHINGTON (Reuters) – U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. While other data on Tuesday showed production at factories accelerating last month, output remained well below its pre-pandemic level and […]

Keeping you up to date with the latest market moves, in association with Investment firm Jarden New Zealand The S&P NZ50 was up 0.2 per cent per day. Small cap stocks once again outperformed as the S&P NZ Small cap index rose 0.4 per cent. Following Americas trend overnight Financials and Energy were the best […]

WASHINGTON (Reuters) – U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.FILE PHOTO: Shoppers carry bags of purchased merchandise at the Willow Grove Park Mall in Willow Grove, Pennsylvania, U.S. November 14, […]

Fifty-nine of the country’s top computer scientists and election security experts rebuked President Trump’s baseless claims of voter fraud and hacking on Monday, writing that such assertions are “unsubstantiated or are technically incoherent.” The rebuttal, in a letter to be published on various websites, did not mention Mr. Trump by name but amounted to another […]

(Reuters) – The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession.FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange […]