Tag: Shrink

GameStop shares tumble after CEO says store network will shrink

By Suzanne McGee and Priyanka G (Reuters) – Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did not provide details on what it intends to do with its cash pile. GameStop shares were down 11.6% at $25.38 on […]

A Stunning New Material May Shrink Humanity’s Carbon Footprint

“Hearst Magazines and Yahoo may earn commission or revenue on some items through these links.” Humans produce roughly 35 billion tons of CO2, and while the world can reliably soak up half that amount, it‘s clear the planet needs help to combat anthropogenic climate change. A new solution from Scotland’s Heriot-Watt University is a porous […]

China’s March exports and imports shrink, miss forecasts by big margins

By Ellen Zhang and Joe Cash BEIJING (Reuters) -China’s exports contracted sharply in March while imports unexpectedly shrank, undershooting forecasts by big margins, highlighting the stiff task facing policymakers as they try to bolster a shaky economic recovery. The dour data represented a setback for the world’s second-largest economy after a generally better-than-expected start to […]

Republican House majority to shrink as Mike Gallagher steps down

The Republican majority in the US House of Representatives is set to dwindle further with the early exit of Mike Gallagher of Wisconsin, once a rising star of the party. A former US Marine who twice deployed to Iraq, Gallagher, 40, is a relatively moderate voice in party at the mercy of the far right. […]

US banks’ profits to shrink as they brace for souring loans

By Tatiana Bautzer NEW YORK (Reuters) – U.S. banking giants are expected this week to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors. The largest banks’ net interest income (NII) – or the difference between what they earn on loans and […]