WASHINGTON (Reuters) – U.S. job openings surged to a record high in December, led by vacancies in the construction and accommodation and food services sectors, strengthening analysts’ views that the economy was running out of workers. While the release of the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday underscored […]
(Reuters) – Under Armour Inc, exceeded Wall Street estimates for quarterly profit on Tuesday, as the sportswear maker cut product sourcing costs and sold fewer discounted sneakers during the holiday shopping season. Inventory levels, which fell 12 percent during the quarter, and rising demand for the company’s popular Project Rock, Curry 6 and HOVR sneakers […]
(Reuters) – Shopify Inc’s loss narrowed in the fourth quarter, the online store builder said on Tuesday, as it signed up more businesses and earned higher payment processing fees. The Canadian company, which helps businesses set up online stores and payments systems, said net loss narrowed to $1.5 million or 1 cent per share in […]
SINGAPORE – It was a blue Christmas for the retail industry as sales slid 6 per cent in December, making for two straight months of year-on-year declines, according to figures released by the Singapore Department of Statistics on Tuesday (Feb 12). December’s fall in takings at the till was much sharper than the 3.6 per […]
TOO many cheap seats are being sold by airlines, and the sector will see a moderate decline in profitability this year, according to Dick Forsberg, head of strategy at aircraft leasing giant Avolon. Mr Forsberg said that while supply and demand in the airline sector is “nominally in balance”, carriers aren’t selling enough expensive seats. […]
(Reuters) – Wall Street’s main indexes were set to rise at open on Monday as the latest round of trade talks between the world’s largest economies began in Beijing, while U.S. lawmakers attempted to hammer out a deal to avoid another government shutdown. China struck an upbeat note on the talks and the Shanghai exchange […]
Irish grocery shoppers sought to row back on the Christmas excess in January, with sales of plant-based milks up 40pc year-on-year in the month. Dunnes Stores retained its place as the top supermarket by market share, despite shoppers’ tighter purse strings. Dunnes had 23.1pc of the market in the 12 weeks to January 27, with […]
President Trump is expected to sign an executive order on Monday meant to spur the development and regulation of artificial intelligence, technology that many experts believe will define the future of everything from consumer products to health care to warfare. A.I. experts across industry, academia and government have long called on the Trump administration to […]
One-in-three small to medium-sized businesses in the Republic and four out of 10 firms in the North are holding back planned investments because of Brexit. With growing fears of a hard Brexit, a swathe of businesses that had planned to expand has either postponed or cancelled outright such investment, according to the latest quarterly AIB […]
SEOUL, South Korea — Kim Ki-won is keeping a secret from his parents. It isn’t just that he has bought and sold an immense number of digital coins. Mr. Kim, who is 27 and lives with his parents, once made so much money trading cryptocurrencies that he was spending $1,000 a month on whatever he […]