How free-wheeling Texas became the self-driving trucking industry’s promised land

How free-wheeling Texas became the self-driving trucking industry's promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

US retailers cut prices but services keep inflation hot

US retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N)have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an initial … Read more

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Wall St. Week Ahead: Stock rally fanned by hopes of Fed 'past peak hawkishness'

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more

Wall Street ends mixed after punishing week

Wall Street ends mixed after punishing week

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast S&P 500 +0.01%, Nasdaq -0.30%, Dow +0.03% May 20 (Reuters) – Wall Street ended … Read more

Investors jolted as US retailers show inflation hitting consumers

Investors jolted as US retailers show inflation hitting consumers

NEW YORK, May 19 (Reuters) – Evidence of red-hot inflation seeing into the American economy is sending a chill through investors after major US retailers reported people are cutting back on buying bigger-ticket items as they just try to get by. Investors wiped almost 25% off Target (TGT.N) shares on Wednesday after its profit halved, … Read more

Walmart stores expected to post high shopper traffic amid deepening inflation pain

Walmart stores expected to post high shopper traffic amid deepening inflation pain

NEW YORK, NY, May 16 (Reuters) – Walmart Inc (WMT.N) is expected to show a steady rise in gross margins and revenue when it reports first-quarter results on Tuesday as price conscious shoppers, feeling the strain of persistent inflation , increase visits to the low-cost retailer. Walmart has averaged a 4.9% increase in monthly visits … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Exclusive: India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

Wall Street Week Ahead: Signs of market bottom elude investors after steep selloff

Wall Street Week Ahead: Signs of market bottom elude investors after steep selloff

‘Stock Exchange’ is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, US, March 29, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – Investors are studying an array of indicators for clues on how much further … Read more

EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022

EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022

Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, US May 10, 2022. REUTERS/Kaylee Greenlee Beal Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers including Walmart Inc (WMT.N) and Amazon.com … Read more