(Reuters) -Shares of U.S. department store chain Kohl's jumped more than 100% on Tuesday, making it one of the most traded stocks on retail trading platforms.
Kohl's shares nearly doubled in value at one point, triggering a trading halt on the stock. On resumption the stock was up 30% at $13.32.
The company's stock is the No. 1 trending ticker on retail investor forum Stocktwits. About 49% of Kohl's freely floated shares are shorted, as per... (continue reading...)
DUBAI (Reuters) -Egypt's current account deficit narrowed to $13.2 billion in the nine months through March 2025, from $17.1 billion in the same period a year earlier, Egypt's central bank said on Tuesday.
The bank attributed the slimmer deficit to an 86.6% increase in remittances from Egyptians working abroad, as well as a rise in the services surplus due to 23% higher tourism revenue.
Oil exports declined by $430.5 million to $4.2 billion,... (continue reading...)
(Reuters) -Ad group Interpublic surpassed analysts' estimates for second-quarter revenue and profit on Tuesday, thanks to resilient marketing spend from clients, sending its shares up nearly 5%.
The results are the latest sign that ad spending is holding firm in an uncertain economy, after French ad giant Publicis and Omnicom also reported upbeat earnings. Increasing use of AI for creating ads has sparked worries about the industry that has long been the... (continue reading...)
By Valerie Volcovici
WASHINGTON (Reuters) -U.N. Secretary General António Guterres on Tuesday called on tech companies to power the build out of data centers with 100% renewable energy by 2030, even as the industry turns to gas and coal-fired power plants to meet surging demand.
The secretary general made his case for why he believes energy-hungry data centers should lock in a future of clean energy, saying the transition to renewable energy... (continue reading...)
By Andrea Shalal
WASHINGTON (Reuters) -Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer.
In its annual External Sector Report, which assesses imbalances in the 30 largest economies, the IMF noted that external surpluses or deficits were not necessarily a problem, but... (continue reading...)
More Reuters
View Older Stories-
Cardinal says he returned from rare visit to Gaza with 'broken heart'
-
European second-quarter corporate profits expected to fall 0.3%
-
Factbox-What is the Chinese-made F-7 jet that crashed into Bangladesh school?
-
Germany's Merz faces pressure to toughen stance on Israel
-
Stellantis to debut Leapmotor's EVs in South Africa this year
-
Philip Morris' shares slide in early trade after quarterly revenue miss
-
Paintmaker Sherwin-Williams cuts 2025 profit forecast on soft demand
-
US Justice Dept. asks Epstein associate Maxwell to speak to prosecutors
-
China's market regulator suspends antitrust investigation into DuPont China
-
US Treasury chief: No need for Fed's Powell to step down right now
-
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
-
Equifax beats quarterly profit estimate, raises annual revenue forecast
-
Ukraine lawmakers vote to curb autonomy of anti-graft agencies
-
US lawmakers back Australia submarine project in Pentagon letter
-
Bessent says he will meet Chinese officials, discuss tariff deadline extension
-
MSCI reports higher second quarter profit on robust demand for index products
-
Ireland to tap multinational tax windfall to raise infrastructure spending by 23%
-
Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion
-
Syrian committee reports 1,426 killed in March violence, says commanders did not order it
-
UK man convicted of offering minister's information to Russian intelligence
-
All options on the table if Israel does not deliver on Gaza pledges, EU's Kallas says
-
Lockheed Martin second-quarter profit plummets on $1.6 billion charge
-
Mali court rejects appeal to release four Barrick employees, judge says
-
Brazil's Totvs agrees to buy StoneCo's Linx unit
-
Russia passes law punishing searches for 'extremist' content
-
Moldova's pro-Russian parties unite to seek September election win
-
India's Akasa Air sees Boeing deliveries picking up in coming years
-
Pultegroup beats quarterly revenue estimates as sales incentives hold up
-
Tesla's easy money from regulatory credits set to dry up amid weakening sales
-
Jeannette Jara is a coalition Communist who wants to be Chile's next president
-
RTX cuts 2025 profit forecast as tariff costs weigh
-
Coca-Cola beats on zero-calorie sodas, higher prices; to launch cane sugar-based drink
-
Dollar's dive offsets tariff sting for some US bellwethers
-
Northrop Grumman lifts 2025 profit forecast on strong demand for weapons
-
Halliburton profit slumps on weak North America, Middle East drilling demand
-
D.R. Horton third-quarter results top estimates on incentives push
-
OpenAI, Oracle deepen AI data center push with 4.5 gigawatt Stargate expansion
-
UN Palestinian refugee staff and doctors fainting from hunger in Gaza, says UNRWA
-
Wall St opens muted with corporate earnings, trade talks in focus
-
Morning Bid: Markets oddly serene
-
Trump tariffs take a $1 billion bite out of GM earnings; shares fall
-
Indian fintech firm Paytm swings to profit, expects further boost
-
Iran warns citizens of growing recruitment attempts by enemies, state media say
-
Russia says it is monitoring reported positioning of US nuclear weapons in UK
-
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
-
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
-
At 70, skyscraper Stalin 'gifted' to Warsaw still evokes strong feelings
-
Alphabet will seek to reassure investors as AI rivals step up competition
-
Trump pulls US out of UN cultural agency UNESCO for second time
-
Exclusive-Trump's Golden Dome looks for alternatives to Musk's SpaceX
