Chipotle shares breach $3,000 on first ever stock-split plan

Chipotle shares breach $3,000 on first ever stock-split plan

By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed 3.5% higher after the burrito chain’s board approved a 50-for-1 stock split, hoping to entice investors wary of its lofty...
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Mercedes Benz to recall 116,020 vehicles, US regulator says

Mercedes Benz to recall 116,020 vehicles, US regulator says

(Reuters) – Mercedes Benz will recall 116,020 vehicles due to an improperly secured 48-volt ground connection, the U.S National Highway Traffic Safety Administration said on Wednesday. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sherry Jacob-...
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Explainer-What is bitcoin’s ‘halving’, and does it matter?

Explainer-What is bitcoin’s ‘halving’, and does it matter?

LONDON (Reuters) – As bitcoin’s price reaches new heights, attention is turning to its upcoming “halving” and whether it is playing a role in its ascent.  Depending on where you sit, the halving is a vital event that will burnish...
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Stocks slip, US yields edge higher with data eyed

Stocks slip, US yields edge higher with data eyed

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stock markets edged lower and U.S. Treasury yields rose modestly on Wednesday, as investors looked to the next round of data on inflation and consumer health for clues on the...
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Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores

Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores

By Granth Vanaik and Anuja Bharat Mistry (Reuters) -Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling...
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Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on...
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Musk says ‘Deutschland rocks!’ after visit to arson-hit Tesla plant

Musk says ‘Deutschland rocks!’ after visit to arson-hit Tesla plant

BERLIN (Reuters) – Elon Musk on Wednesday visited Tesla’s European gigafactory in Gruenheide, Germany, where operations had resumed after an arson attack on a nearby electricity pylon last week led to a costly power outage that halted production. T...
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Wells Fargo pushes back Fed rate-cut expectation to June from May

Wells Fargo pushes back Fed rate-cut expectation to June from May

(Reuters) -Wells Fargo on Wednesday joined major banks such as Morgan Stanley, Goldman Sachs and UBS Wealth Management in forecasting the first rate cut from the U.S. Federal Reserve in June. Wells Fargo, which had previously expected the cut in...
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Zara-owner Inditex shares rise to record high on spring season boost

Zara-owner Inditex shares rise to record high on spring season boost

By Corina Pons MADRID (Reuters) -Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth top that of rival H&M.....
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