Monday 24 January 2022

Reuters Business: Walmart's Mexico unit considering "strategic alternatives" in Central America

Walmart's Mexico unit considering "strategic alternatives" in Central America

Walmart's Mexico unit is considering "strategic alternatives" to its operations in Central America, including a sale or a joint venture, the company said on Monday.

Bitcoin bounces off six month lows as buyers step in

Bitcoin gained on the day on Monday as buyers stepped in to buy the cryptocurrency, after earlier tumbling to its lowest level in six months on fears of a Russian attack on Ukraine and before this week's Federal Reserve meeting.

Wall Street reverses, ends higher in late session rally

Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.

IBM revenue beats on cloud strength, shares jump

IBM beat Wall Street estimates for fourth-quarter revenue on Monday, bolstered by the IT giant's exit from its slow-growing businesses to focus on cloud as enterprises worldwide digitize operations.

U.S. to move faster to address unfair airline consumer practices -sources

The U.S. Transportation Department (USDOT) will announce on Monday that it is issuing a new rule to make it easier for regulators to move faster to protect airline customers from unfair and deceptive practices, sources told Reuters.

Amazon discloses staff injury rates showing where it is worse or better than peers

Amazon.com Inc on Monday reported injury figures for 2020 showing worse-than-average safety rates in its U.S. warehouses but a better record than peers in delivery.

S&P 500 eyes first correction since 2020 pandemic collapse

The S&P 500's tumble on Monday put the world's most-followed stock index within reach of confirming its first correction since the 2020 collapse in global markets brought on by the coronavirus pandemic.

Wall Street shakes off Fed, Ukraine anxiety as oil dips

A tumultuous day on Wall Street saw stocks end higher after posting heavy losses earlier in the day, as uncertainty over rising geopolitical tensions and Fed policy weighed down oil and boosted safe havens.

Exclusive: U.S. voices concerns to Mexico ahead of decision on America Movil pay TV license

The United States has raised concerns to Mexico about the implications for competition if that country's telecom regulator allows behemoth America Movil to enter the pay TV market, people familiar with the matter told Reuters.

Shopify eases concerns over fulfillment network changes, shares rebound

Shopify Inc , said on Monday proposed changes to its fulfillment network would help merchants on its ecommerce platform compete better with big retailers and would not reduce capacity, fueling a sharp recovery in its shares.

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