BMW CEO Warns Against Electric-only Strategy
By Doyinsola Oladipo NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become…
April 14, 2022
Inflation And Rate Hikes Ahead: Bankers Cautious On The Economy
NEW YORK (Reuters) – Wall Street’s major banks and asset managers were cautious about the economy as they detailed how…
US long-term mortgage rates rise; 30-year loan reaches 5%
WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5%…
UnitedHealth tops Q1 forecasts, raises 2022 outlook
UnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as Medicare Advantage grow and care delivery once…
Russian Central Bank Sees Room For Rate Cut -policymaker To Interfax
(Reuters) – Russia’s central bank sees room for an interest rate cut as weekly inflation is slowing, Deputy Governor Alexei…
Amazon CEO Jassy says he wants to improve warehouse safety
In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company…
Big bank profits decline as deal-making, mortgages slow
NEW YORK (AP) — Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and…
TD CEO Masrani Says Bank Tax Is Not Good Policy, Warns Of ‘unintended Consequences’
By Nichola Saminather TORONTO (Reuters) – Toronto-Dominion Bank’s Chief Executive Bharat Masrani on Thursday criticized the Canadian Liberal government’s planned…
Benettons, Blackstone Buyout Proposal Values Atlantia At $63 Billion
By Francesca Landini and Valentina Za MILAN (Reuters) -Italy’s Benetton family and U.S. investment fund Blackstone have proposed a 58…
Retail sales rise 0.5% in March amid soaring inflation
NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took…