WASHINGTON (AP) — Applications for U.S. unemployment benefits rose last week but remain near historically low levels, reflecting relatively few layoffs across the economy. Jobless claims rose by 23,000 to 248,000 for the week ending Feb. 12, the Labor Department reported Thursday. Claims were revised upward to 225,000 the previous week. Yet the four-week average…
(Reuters) – Shares of DoorDash Inc surged 26% in premarket trade on Thursday after the food-delivery company beat estimates for quarterly revenue, a rare bright spot among stay-at-home darlings that have seen their stocks languish post results. The company’s 34% revenue rise, although slower than the blistering pace recorded a year earlier, still indicated that…
BERLIN (Reuters) – German sportswear company Adidas said on Thursday it would grow in its key market of China in 2022 even after it was hit by renewed pandemic restrictions and the aftermath of a consumer boycott of Western brands. The comments come after Manager Magazin reported Adidas expects sales in China to be down…
ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept its key interest rate unchanged for a second consecutive month despite soaring inflation that has left many in the country struggling to purchase food and basic goods. A statement from the bank’s Monetary Policy Committee said it will keep its policy rate “constant” at 14%….
NEW YORK (AP) — Walmart muscled through rising inflation, a snarled global supply chain and surging costs related to COVID-19 sick leave among its workers to deliver strong fourth quarter results Thursday. The nation’s largest retailer, based in Bentonville, Arkansas, also delivered on Thursday an upbeat outlook for this year and boosted its dividend. Shares…
AMSTERDAM (AP) — Airbus booked a record profit of 4.2 billion euros ($4.8 billion) last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It is the first annual profit for the Toulouse, France, manufacturer since 2018, before the spread of COVID-19 reduced air travel to levels…
TYRNAVOS, Greece (AP) — In Greece’s rural heartland, tractors have become a symbol of anxiety. For weeks, they have been parked along the country’s highways, their owners threatening to block traffic. Farmers are desperate for additional financial aid to cope with surging energy prices that are pushing up their costs for fuel and fertilizer, posing…
DETROIT (AP) — U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 complaints from owners during the past nine months about “phantom braking” in Tesla Models 3 and Y. The probe covers…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said Thursday it is opening a formal investigation into 416,000 Tesla vehicles over reports of unexpected brake activation tied to its driver assistance system Autopilot. The preliminary evaluation covers 2021-2022 Tesla Model 3 and Model Y vehicles in the United States after the…
NEW YORK (AP) — Visa Inc. and Amazon.com Inc. announced an agreement Thursday that allows customers to use Visa cards on Amazon sites worldwide without additional fees. The companies also agreed to collaborate on product and technology initiatives for “innovative payment experiences,” Visa said in an email. Credit card fees have been a growing source…
