By Jonnelle Marte (Reuters) – Russia’s invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit the damage, New York Federal Reserve Bank President John Williams said on Thursday. Higher oil prices stemming from the crisis may act like a…
Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona….
By Kantaro Komiya TOKYO (Reuters) – Japan’s jobless rate rose to 2.8% and a gauge of job availability grew to a 21-month-high in January, government data showed on Friday. The mixed data came as firms in the world’s third-largest economy conclude annual labour talks, while downside pressures from record coronavirus tolls and the Ukraine crisis…
(Reuters) – Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, as consumers returning to its stores bought more groceries and splurged on high-margin items such as jewelry and home furnishing goods. Sales at Costco, which relies heavily on customers seeking a treasure-hunt shopping experience at its cavernous warehouses, have…
By Timothy Gardner WASHINGTON (Reuters) – A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by boosting output in North America and other places. The bill, Banning Russian Energy Imports Act, is intended to punish President Vladimir Putin over his…
By Tom Polansek CHICAGO (Reuters) – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, who has described himself as an animal lover, on Thursday called on the burger chain to make a global pledge to eliminate the use…
DETROIT (AP) — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers. In 2019, the Detroit automaker petitioned the National Highway Traffic Safety Administration asking to avoid a recall, saying the problem didn’t affect…
By Kylie Madry MEXICO CITY (Reuters) – Citibanamex is spending 1.4 billion pesos ($67.8 million) to remodel more than 1,200 branches in Mexico with plans to expand, a top executive said on Thursday. The bank, one of Mexico’s largest, has already begun the expansion, and plans to open 50 branches in the first half of…
(Reuters) – Membership-only retail chain Costco Wholesale Corp beat Wall Street expectations for quarterly revenue on Thursday, as consumers returning to its stores splurged on high-margin items such as jewelry and home furnishing goods. Sales at Costco, which relies heavily on customers seeking a treasure-hunt shopping experience at its cavernous warehouses, have benefited from consumers…
SALT LAKE CITY (AP) — Hard seltzer drinkers in Utah will likely have their choices on grocery store shelves cut in half under legislation that passed the Legislature Thursday in the latest update to strict alcohol laws in the state that’s home to the alcohol-eschewing Church of Jesus Christ of Latter-day Saints. The clampdown is…
