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Reuters

Description:

Business News & Financial News

URL:

http://www.reuters.com

Catalog:

Economy

Publishes:

5.2 items/day

Wall Street edges up as earnings season gains speed

26.January
U.S. stocks edged up on Tuesday to push the S&P 500 to a new high as investors digested a batch of corporate profit results, including Johnson & Johnson's strong profit forecast and 3M's quarterly profit beat as the pace of earnings season picks up.

U.S. consumer confidence edges higher; house prices accelerate

26.January
U.S. consumer confidence rose moderately in January while lingering concerns about the COVID-19 pandemic led to a further deterioration in households' perceptions of the labor market, raising the risk of a second straight month of job losses.

Thriving Louis Vuitton offsets drop in sales at luxury group LVMH

26.January
Booming sales at LVMH's fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group.

Biden stimulus plan could boost U.S. output by 5% over three years: IMF

26.January
Preliminary estimates show U.S. President Joe Biden's proposed $1.9 trillion economic stimulus package could boost U.S. economic output by 5% over the next three years, the chief economist of the International Monetary Fund said on Tuesday.

More carats and sparkle: How LVMH plans to change Tiffany

26.January
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to increase the focus on gold and precious gems and take its silver bangles upmarket after closing the $15.8 billion takeover of the U.S. jeweller this month.

Microsoft earnings in spotlight for signs of business recovery, Xbox growth

26.January
U.S. consumer confidence rose moderately in January amid lingering concerns about the COVID-19 pandemic.

Johnson & Johnson expects COVID-19 vaccine data next week

26.January
Johnson & Johnson on Tuesday said it expected to report eagerly-awaited data on its COVID-19 vaccine early next week, and that it would be able to meet the delivery target for doses to countries with which it had signed supply agreements.
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