(Reuters) -Canadian retailer Alimentation Couche-Tard missed third-quarter revenue estimates on Tuesday, hurt by sluggish demand in its convenience stores and fuel businesses amid rising inflationary pressures.Consumers facing financial strain have increasingly scaled back on expensive as well as non-essential purchases, prompting growing concern among retailers including Circle-K owner Couche-Tar ...
(Reuters) -Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on Tuesday.The reduction of 2% to 3% of the company’s workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity.Morgan Stanley had more than 80,000 employees worldwide at ...
By Chuck MikolajczakNEW YORK (Reuters) - U.S. stocks fell on Tuesday to snap a two-session streak of gains, as investors exercised caution ahead of a monetary policy decision from the Federal Reserve, while gauging the potential impact of President Donald Trump’s tariff policies. The Fed will release its latest policy statement on Wednesday, where the central bank is widely expected to keep ...
(Reuters) -Australia’s WiseTech Global founder and executive chair admitted he should have fully disclosed details of his personal relationship to the board, after a review found his statements were inaccurate, incomplete and misleading.Richard White accepts the board review’s findings and is supportive of a new and more stringent code of conduct, the tech major said in a statement on Wednesda ...