 | | | | Discount store operator TJX Cos Inc on Wednesday cut its full-year sales forecast after missing first-quarter revenue estimates, as demand for apparel and discretionary goods showed signs of easing amid rising inflation. | | | | | | U.S. stock index futures edged lower on Wednesday following a sharp rally in megacap growth stocks in the previous session that fizzled out on fears of aggressive monetary policy tightening and slowing economic growth. | | | | | | Singapore Airlines Ltd (SIA) on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted. | | | | | | A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. | | | | | | Indonesia's trade minister on Wednesday said he expected prices of cooking oil would stabilise after a programme to distribute subsidised supplies reaches 10,000 locations across the country. | | | | | | Toyota Motor Corp will suspend vehicle production at one of its factories after a major industrial water leak in central Japan disrupted supply, a company spokesperson said on Wednesday. | | | | | | Target Corp's quarterly profit halved and it warned of a bigger margin hit on Wednesday due to rising fuel and freight costs, sending shares down 21% in a clear sign that investors no longer see major U.S. retailers staying immune to inflation. | | | | | | China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. | | | | | | Lowe's Cos Inc reported a bigger-than-expected drop in same-store sales on Wednesday, as people cocooned at home during the cold and wet April spent less on seasonal goods such as grill and patio furniture. | | | | | | Toronto home prices are falling, but not everywhere. | | | | | |
