News
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Apparel retailer Buckle beats Q2 sales estimates
OverviewBuckle fiscal Q2 net sales rise 8.3%, beating analyst expectationsNet income for fiscal Q2 increases to $45.0 mln, or $0.90 per shareOnline sales surge 17.7% in fiscal Q2, boosting overall salesResult DriversCOMPARABLE STORE SALES - Buckle reports a 7.3% increase in comparable store sales fo...Reuters
Fri, Aug 22
JP Morgan convicted by Swiss for failing to stop money laundering in 1MDB case
LONDON, Aug 22 (Reuters) - Swiss federal prosecutors on Friday said they had convicted JP Morgan JPM.N of failing to prevent aggravated money laundering related to the scandal at Malaysian state fund 1MDB, and fined the U.S. bank 3 million francs ($3.7 million).The Office of the Attorney General of ...Reuters
Fri, Aug 22
Warehouse club operator BJ's Q2 sales miss estimates
OverviewBJ's Q2 sales miss analyst expectations, adjusted EPS beats, per LSEG dataMembership fee income rose 9% yr/yr, reaching $123.3 mlnCompany raises FY 2025 EPS guidance, reaches 8 mln membersOutlookBJ's expects FY 2025 adjusted EPS of $4.20 to $4.35Company anticipates FY 2025 comparable...Reuters
Fri, Aug 22
Euro zone bond yields edge lower ahead of Fed's Powell speech
By Joice Alves LONDON, Aug 22 (Reuters) - Euro zone bond yields edged lower on Friday as traders waited for a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on the U.S. central bank's monetary path.The German 10-year bond yield DE10YT=RR, the benchmark f...Reuters
Fri, Aug 22
EXCLUSIVE-Banks lobby regulators for national standards to curb state influence, sources say
Lenders lobby regulators to seek national standard for bankingBanks find patchwork state regulation disruptive States claim maintaining regulatory power protects consumersIndividual states have punished banks for some of their policiesBy Nupur Anand NEW YORK, Aug 22 (Reuters) - U.S. banks are pet...Reuters
Fri, Aug 22
UK competition watchdog begins probe into Getty Images-Shutterstock deal
Aug 22 (Reuters) - Britain's antitrust watchdog on Friday said it has launched an investigation into U.S.-listed Getty Images' GETY.N $3.7 billion merger with rival Shutterstock SSTK.N. The Competition and Markets Authority said it set October 20 as the deadline for its phase 1 decision on ...Reuters
Fri, Aug 22
Tesla raises price of most-expensive Cybertruck by $15,000 in US
Aug 22 (Reuters) - Tesla TSLA.O has raised the price of its most-expensive Cybertruck pickup truck model by $15,000 in the United States despite softer-than-expected sales and recalls.The sharp increase follows a long-delayed rollout in which the pickup has struggled to meet Tesla's early promis...Reuters
Fri, Aug 22
UK's CMA Announces Start Of Merger Investigation Into Getty Images/Shutterstock Deal
Aug 22 (Reuters) - UK's CMA:COMPETITION AND MKTS - MERGER UPDATE: GETTY IMAGES / SHUTTERSTOCKUK'S CMA: START OF CMA MERGER INVESTIGATION INTO GETTY IMAGES/SHUTTERSTOCK DEALUK'S CMA: DEADLINE OF 20 OCTOBER 2025 FOR ITS PHASE 1 DECISION ON GETTY IMAGES/SHUTTERSTOCK DEALReuters
Fri, Aug 22
EXPLAINER-The legal battles over redistricting in Texas and California
By Jan Wolfe WASHINGTON, Aug 22 (Reuters) - Texas lawmakers approved a new congressional map this week at the behest of President Donald Trump, seeking to preserve his Republican Party's slim majority in the U.S. House of Representatives in the November 2026 midterm elections.In response, the...Reuters
Fri, Aug 22
INSIGHT-Ailing US nuclear workers in limbo after Trump pauses medical compensation claims
Nuclear workers left in limbo by suspension of review boardsOver 700,000 Americans have worked at nuclear enrichment or weapons sites since WW2Trump administration says claims process on pause for 'administrative requirements'By Valerie VolcoviciHARRIMAN, Tennessee Aug 22 (Reuters) - Steve H...Reuters
Fri, Aug 22
JP Morgan to pay Malaysia $330 million to resolve matters related to 1MDB, joint statement says
KUALA LUMPUR, Aug 22 (Reuters) - JPMorgan Chase JPM.N will pay the Malaysian government $330 million as part of a settlement to resolve all matters related to its role in the multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB), the company and the government said in a join...Reuters
Fri, Aug 22
Deals of the day-Mergers and acquisitions
August 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** Activist investor Cevian Capital has taken a 3.02% stake in Dulux paints maker AkzoNobel , a filing by Dutch market regulator AFM showed on Friday, signalling conf...Reuters
Fri, Aug 22
S.Korea dispatches delegation to China as Trump tariffs shift trade dynamics
SEOUL, Aug 22 (Reuters) - South Korean President Lee Jae Myung will send a special delegation to China from August 24-27, his spokesperson said on Friday, as Seoul and Beijing increasingly align in response to U.S. President Donald Trump's tariffs policy. The delegation will deliver a message fr...Reuters
Fri, Aug 22
Chinese e-vapor company RLX Technology Q2 revenue rises on international markets expansion
OverviewRLX Technology Q2 revenue rises 40.3% yr/yr to RMB880 mln (US$122.8 million)Gross margin improves to 27.5% from 25.2% in prior yearNon-GAAP income from operations up 147.6% yr/yr to RMB116.2 mlnOutlookCompany emphasizes global compliance and strategic partnerships for future growthRLX Techno...Reuters
Fri, Aug 22
Deaths from starvation in Gaza may amount to war crime, UN rights chief says
GENEVA, Aug 22 (Reuters) - The U.N. human rights chief on Friday said that the emergence of famine in northern Gaza is the "direct result of actions taken by the Israeli government" and said that deaths from starvation might amount to a war crime."The famine declared today in Gaza Govern...Reuters
Fri, Aug 22
Japan to provide H3 rocket for Europe's mission to observe Apophis asteroid
By Kantaro Komiya TOKYO, Aug 22 (Reuters) - Japan will join a European project to observe the Apophis asteroid when it passes close to the Earth by providing the H3 rocket as a launch vehicle, a Japanese space agency official said on Friday.The Japan Aerospace Exploration Agency (JAXA) will join...Reuters
Fri, Aug 22
