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Capri Soars as Buyers Are Shopping Luxury with a Vengeance

By Dhirendra Tripathi Investing.com – Capri Holdings stock (NYSE:CPRI) surged 9% Wednesday after the retailer raised its annual forecast, banking on consumer appetite for luxury shopping staying elevated. The company,.

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Economy News

Mexico central banker sees core inflation peaking, more rate hikes

MEXICO CITY (Reuters) -Bank of Mexico board member Jonathan Heath said core inflation in Mexico should peak in the first quarter and then begin a “not so fast” downward trajectory,.

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GM prioritizes faster EV launches ahead of fatter profits

By Joseph White and Ben Klayman DETROIT (Reuters) -General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches.

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Economy News

Pakistan faces ‘hard choices’ for export growth: Commerce chief

To diversify exports beyond textiles, it’s offering firms a combination of incentives and pressure to step up exports. By Asad Hashim ISLAMABAD, Pakistan – Pakistan’s government is targeting a trade deficit of.

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Drug distributor McKesson seen getting likely boost from COVID vaccine demand

By Manojna Maddipatla (Reuters) – McKesson Corp (NYSE:MCK) is expected to report strong earnings on Wednesday as an Omicron-driven surge in demand for COVID-19 vaccines and tests is likely to.

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Oil companies, union to continue talks on worker contract

By Erwin Seba HOUSTON (Reuters) -Union and energy company negotiators met on Tuesday without reaching agreement on a new labor contract covering 30,000 U.S. workers at oil refineries, chemical plants.

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News

BA.2: Omicron sub-variant detected in 57 countries, says WHO

UN health agency says initial data shows BA.2 is a little more infectious than earlier versions of Omicron. A recently discovered subvariant of the highly contagious Omicron coronavirus strain has now been.

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News

Sacklers near deal to increase opioid settlement in Purdue bankruptcy

(This Jan 31. story corrects sixth paragraph to show that mediator Shelley Chapman is a sitting, not former, U.S. bankruptcy judge) By Tom Hals and Mike Spector (Reuters) – Members.

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Pfizer vaccine for children under 5 may be available in U.S. by end-Feb – report

(Reuters) – Pfizer Inc (NYSE:PFE) and Germany’s BioNTech SE (NASDAQ:BNTX) are expected to submit an emergency use authorization request as early as Tuesday to the U.S. Food and Drug Administration (FDA) for.

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Starbucks earnings come up short as Omicron dents recovery

Shares of Starbucks were down 3.5 percent in extended trading, following a 16 percent drop last month. Starbucks Corp missed market estimates for quarterly same-store sales on Tuesday as rising.

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