Dollar Tree Inc trimmed its full-year profit forecast on Thursday, blaming planned price cuts at its Family Dollar line of stores in an effort to compete with other retailers that have been ramping up discounts.
Wall Street giant Citigroup will wind down its Russian consumer bank after attempts to sell it were hampered by Moscow's invasion of Ukraine, Wall Street Journal reported on Thursday, citing people familiar with the matter.
U.S. stock index futures rose on Thursday, supported by megacap growth stocks as Treasury bond yields dipped, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.
Apparel retailer Abercrombie & Fitch Co on Thursday cut its full-year sales forecast after falling short of Wall Street estimates for quarterly sales, underscoring increasing competition for consumer dollars amid surging inflation.
The French transport minister said on Thursday a report that French oil major TotalEnergies was involved in supplying jet fuel to the Russian military via a joint venture raised an "extremely serious" issue that demanded clarification.
Coty Inc on Thursday beat Wall Street expectations for fourth-quarter revenue, as consumers undeterred by inflation-induced steeper prices splurge on luxury skin care and fragrance.
Peloton Interactive Inc reported a bigger net loss for the fourth quarter on Thursday as costs more than doubled from efforts to restructure its business hit by low demand for its fitness equipment.
Singapore's Grab Holdings Ltd reported a 79% rise in quarterly revenue on Thursday, powered by a surge in demand for rideshare as offices reopen across Southeast Asia.
Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing .
Dollar General Corp lifted its annual comparable sales forecast on Thursday, encouraged by Americans flocking to discount store chains for everything from groceries to household supplies in the face of higher inflation.
