MEXICO CITY (Reuters) – Mexican inflation likely slowed very slightly during the first half of April, but remained well above the central bank’s target, a Reuters poll showed on Wednesday, reinforcing bets the monetary authority will continue raising interest rates. The median forecast of 10 analysts surveyed was for inflation to reach 7.60%, marginally down…
(Reuters) – The U.S. economy expanded at a moderate pace from February through early April and there was little respite for businesses from high inflation and worker shortages, a Federal Reserve report showed on Wednesday. The latest anecdotal evidence from U.S. firms paints a picture of an economy which received a boost from falling COVID-19…
DETROIT (AP) — A federal judge in California has rejected a request from shareholders in a lawsuit to force Elon Musk stop talking about his 2018 tweets in which he said he had the funding to make Tesla a private company. The ruling by U.S. District Judge Edward Chen Wednesday came just hours after the…
A new effort to help grantmakers change the way they work so they can better support Black-led nonprofits was announced Monday. Abundance is a collaboration between three Chicago-area grantmakers, Chicago Beyond, the Grand Victoria Foundation, and the John D. and Catherine T. MacArthur Foundation. Abundance is not a pledge, but rather a program for grantmakers….
By Lucia Mutikani WASHINGTON (Reuters) – U.S. home sales dropped to the lowest level in nearly two years in March as house prices raced to a record high, and could decline further with mortgage rates hitting 5%. The report from the National Association of Realtors on Wednesday also showed the drop in sales in February…
Netflix’ takeover of Blockbuster as the go-to video platform for consumers is one of the most popular case studies for business academics. It was a classic case of David beating Goliath as the later failed to understand the changing economic landscape. The last two quarters, NFLX has looked more like Blockbuster than a streaming giant…
By Bansari Mayur Kamdar and Amruta Khandekar (Reuters) -The tech-heavy Nasdaq fell on Wednesday as streaming giant Netflix slumped after shedding subscribers for the first time in a decade, dragging down shares of high-growth companies set to report results. The benchmark S&P 500 and the blue-chip Dow, however, stayed buoyant on the back of upbeat…
PARIS (Reuters) – Carrefour said on Wednesday it was confident it would achieve the strategic goals set under its turnaround plan after its sales growth accelerated in the first quarter, thanks notably to strong growth in Brazil. Europe’s largest food retailer reiterated a target to generate free cash flow above 1 billion euros ($1.1 billion)…
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin to recede, Chicago Federal Reserve President Charles Evans said on Wednesday. “I think timing for how monetary policy is responding can be sensible even though we’re currently experiencing very high…
OMAHA, Neb. (AP) — CSX has agreed to start paying some of its employees more in advance of raises the railroad expects to agree to as part of ongoing national contract talks. CSX said the payments of up to $600 a month are expected to start next month for members of the Sheet Metal, Air,…
