Author: Daniel snow
A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK.Bloomberg | Getty ImagesBritish retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits.The company, known for its clothing, homeware and food products, said last month’s cyber attack would cost the business £300 million ($403 million) in operating profit this year.”Our current estimate before mitigation is an impact on Group operating profit of around £300m for 2025/26,” the company said in a statement alongside its annual results.It added that…
ECB on dollar exposure of euro zone banks: Confident in Fed's liquidity support Source link
We can contest the dark dreams of those in power. Source link
People shop at a Target store on April 02, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesTarget on Wednesday cut its full-year sales outlook, as executives said weaker discretionary spending, consumer uncertainty about tariffs and backlash to the company’s rollback of key diversity, equity and inclusion efforts hurt its business. First-quarter sales missed Wall Street’s expectations and fell nearly 3% compared to the year-ago period. Transactions across Target’s stores and website dipped by 2.4%. And the average amount customers spent during their online and in-store visits decreased by 1.4%.Target’s weak performance…
Russian rouble near highest against US dollar since June 2023 Source link
A worker collects shopping carts at a Lowe’s home improvement store on Feb. 26, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesLowe’s on Wednesday stood by its full-year forecast, despite reporting quarterly sales that fell just short of Wall Street’s expectations.In the company’s news release, CEO Marvin Ellison said investments in its stores, technology and customer service has helped the home improvement retailer get through “near-term uncertainty and housing market headwinds.”Lowe’s said it expects full-year total sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion…
Big-and-bulky last-mile delivery add-ons can leave a lasting impression. Source link
Is the Netanyahu-Trump honeymoon over? Source link
The benchmark 10-year Treasury yield reaching 5% would be a hazard for stocks but buying a buying opportunity for bonds, one strategist says. Source link
Two of the biggest U.S. retailers have clashing strategies for Trump’s tariffs. Source link