(Reuters) – Weekly inflation in Russia slowed to 0.66% in the week to April 8 from 0.99% a week earlier, taking the year-to-date increase in consumer prices to 10.83%, data from statistics service Rosstat showed on Wednesday. In the same period a year ago, consumer prices rose 2.72%. Prices on nearly everything from vegetables and…
By Hannah Lang and Saikat Chatterjee WASHINGTON/LONDON (Reuters) – The U.S. dollar soared to a nearly 20-year high against a sluggish yen on Wednesday, as aggressive tightening from the Federal Reserve contrasted sharply with the Bank of Japan’s ultra-loose monetary policy. The greenback rose as high as 126.32 yen, its strongest level since June 2002….
KYIV, Ukraine — Ukrainian President Volodymyr Zelenskyy said he’s “sincerely thankful” to the U.S. for the new round of $800 million in military assistance. In his daily late-night address to the nation, Zelenskyy also said he was thankful for Wednesday’s visit by the presidents of Poland, Estonia, Lithuania and Latvia. He said those leaders “have…
By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – U.S. shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit. Megacaps Apple Inc and Meta Platforms Inc rose 0.6% each, while Nvidia Corp and Advanced…
Bed Bath & Beyond was unable to overcome supply issues during the final quarter of the year that have tripped up the home goods chain for months and it warned Wednesday that those problems are carrying over into the new year. It also reported a surprise loss in a quarter when many other retailers booked…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines Inc on Wednesday posted a smaller-than-expected quarterly loss and forecast returning to profit in the current quarter on the back of a booming travel demand, sending its shares higher. The company said robust consumer demand not only helped it post a “solid” profit in the month…
(Reuters) – Facebook parent Meta Platforms will charge creators around 47.5% on sales of digital assets and experiences made inside the company’s virtual reality platform Horizon Worlds. The overall charge comprises of 30% hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets,…
LOS ANGELES (AP) — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a home. For months, they scoured listings, strategizing late into the night on which homes to target and working out how much they…
WASHINGTON (AP) — The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy. The Labor Department said Wednesday that its producer price index — which measures inflation before it reaches consumers — climbed at the…
By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) -The S&P 500 and the Dow were set for a subdued open on Monday as JPMorgan shares dropped after reporting a slump in quarterly profit, while fresh data highlighted growing inflationary pressures. The largest U.S. bank by assets JPMorgan Chase & Co was down 3% in premarket…
