Business

Three restaurant stocks - Bloomin' Brands, Darden, and Brinker International - are underperforming the market.

Published on: February 07, 2025, 05:00 AM UTC

The IMF urges Japan to improve its fiscal health due to increasing risks from natural disasters and social security costs. Japan's primary deficit is projected to widen, and its public debt remains high. The IMF stresses the need for fiscal consolidation and gradual monetary rate increases toward a neutral rate of 1.5% by the end of 2027. Despite positive signs for stable inflation, the BOJ is advised to remain cautious and flexible given global economic uncertainties.

Published on: February 07, 2025, 04:02 AM UTC

Citigroup and Bank of America to Finance Seven & i Holdings' Management Buyout Bid

Published on: February 07, 2025, 04:00 AM UTC

US stocks saw mixed performances on Thursday, as investors awaited Amazon's quarterly results amidst an earnings season marked by company warnings and concerns over AI demand. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 and tech-heavy Nasdaq Composite rose 0.3% and 0.5%, respectively. Investors eagerly anticipated Amazon's earnings report, following disappointing cloud sales from Alphabet. Treasury Secretary Scott Bessent eased pressure on the Federal Reserve, indicating Trump's desire to lower 10-year Treasury yields rather than push for lower interest rates. Jobless claims rose slightly to 219,000, ahead of the monthly jobs report on Friday, which will provide insights for Fed decision-making. Tech-related results are also being scrutinized for signals about AI demand strength.

Published on: February 07, 2025, 03:02 AM UTC

Chinese smartphone maker Xiaomi plans to increase its auto production capacity, as per a statement by its CEO Lei Jun on social media.

Published on: February 07, 2025, 03:01 AM UTC

Seven & i, Japan's largest retailer, is being targeted for a management buyout by a consortium that has tapped Citigroup and Bank of America for financing.

Published on: February 07, 2025, 03:01 AM UTC

Japan must improve its fiscal health due to the risks of natural disasters and increasing social security costs, the IMF warns. The IMF recommends Japan find ways to accommodate fiscal spending needs without increasing deficits. Japan has the largest public debt burden among developed nations, and its debt servicing costs are projected to jump 25% by fiscal year 2028.

Published on: February 07, 2025, 03:00 AM UTC

Nikola Corp. May File for Bankruptcy, in Talks With Advisors

Published on: February 07, 2025, 02:02 AM UTC

IMF Warns Japan to Improve Fiscal Health Amidst Risks and Rising Debt

Published on: February 07, 2025, 02:01 AM UTC

IMF Sees Japan Raising Interest Rates to Neutral Level by 2027, Economy to Expand 1.1%

Published on: February 07, 2025, 02:00 AM UTC