BUSINESS

Bed Bath & Beyond's shares were down nearly 22% in early morning trading upon the news that Mark Tritton was exiting as CEO.

Delta Air Lines is offering travelers the opportunity to change their flight schedule for free in the days leading up to the hectic Independence Day holiday weekend.

Germany, largely dependent on Russian gas to fuel its export-led economy and to keep homes warm, is bracing for a possible total halt in Russian supplies if Moscow steps up its use of gas as an economic weapon against the West while it wages war in Ukraine.

Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the lender said on Wednesday, as its economists anticipate a further rate hike in Switzerland this year.

Unilever on Wednesday sold its Ben & Jerry's ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company's political stance.

The U.S. economy contracted slightly more than previously estimated in the first quarter amid a record trade deficit and supply chain disruptions, government data showed on Wednesday.

The recall was issued because the SUVs' hood could pop open without warning, obstructing the driver's view.

Robert Durst, a wealthy New York real estate heir, is one of the wealthy individuals convicted of murder. He died of natural causes in January while under custody.

The S&P 500 ended a seesaw session slightly down on Wednesday as investors limped toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for the S&P 500 since President Richard Nixon's first term.

U.S. stock index futures struggled for direction on Wednesday after several Federal Reserve policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy.

Walmart claims that the FTC lawsuit against it is “factually misguided and legally flawed.”

Turkey seeks extraditions from Finland, Sweden under NATO deal

Inflation has surged back to levels not seen in many developed economies since the 1970s and 1980s. Economists and central bankers at the European Cental Bank's conference in Portugal warn it will take time before price rises cool.

The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday.

The EU deal to phase out combustion engine cars in just over 12 years is challenging, but an more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday.

Shares in Europe's largest online meal ordering company Just Eat Takeaway.com hit an all-time low on Wednesday amid dual doubts the loss-making company will successfully sell its U.S.

FedEx Corp's new chief executive on Wednesday announced plans to boost future earnings by focusing on more profitable deliveries, but shares backtracked as the company's forecast for its growth-driving e-commerce delivery unit remained stuck below pre-pandemic levels.

Global delivery company FedEx Corp laid out a strategy to bolster growth by focusing on high-value customers during its investor meeting on Wednesday, but shares backtracked after it forecast margins for its growth-driving Ground unit below pre-pandemic levels.

FedEx Corp said on Wednesday it expected adjusted profit to grow in double digits through 2025, as the global shipping firm looks to benefit from its strategy of delivering packages that bring in more money.

FedEx Corp's new chief executive on Wednesday will lay out long-term growth plans for the global shipping firm that is grappling with cooling economies, rampant inflation and pressure from both an activist investor and unhappy delivery contractors.

Lockdown in Indian city after gruesome sectarian killing

China's Tianqi Lithium Corp will sell its shares for between HK$69 and HK$82 ($8.79-$10.45) each for a Hong Kong listing which could raise up to $2 billion, said two sources with direct knowledge of the matter.

Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of England in a dilemma about how much further it should raise interest rates.

European shares fell on Wednesday, as fears about a global recession deepened after chiefs of the European Central Bank and U.S.

Far-flung Hong Kong diaspora linked by 'shared destiny'

It's a hard habit to break.You'd be forgiven for thinking the worst two-quarter period for stock markets since 2009 had investors running for the hills - but you'd be wrong.

Budget fashion group H&M expects to raise prices further this year, it said on Wednesday after reporting forecast-beating profits with margins benefiting from fewer discounts.

H&M, the world's second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday as shoppers flocked to its stores in the aftermath of the pandemic.

Sweden's H&M, the world's second-biggest fashion retailer, on Wednesday reported a 33% growth in quarterly profit which beat expectations, as shoppers flocked to its stores in the aftermath of the pandemic.