By Jessica DiNapoli and Uday Sampath Kumar (Reuters) -Procter & Gamble Co raised its full-year sales forecast on Wednesday as consumer demand for cleaning and personal care products remained stronger than expected despite higher prices, sending its shares up more than 2%. P&G’s sales growth is at its strongest in at least 15 years, according…
Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers. Existing home sales fell 2.7% last month from February to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday….
By Eva Mathews and Nivedita Balu (Reuters) -Netflix Inc shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. The streaming pioneer’s shares fell 37% to $220.40…
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that China should use fiscal space to stimulate consumption as it faces an economic slowdown prompted by renewed COVID-19 lockdowns. Georgieva said that China had ample fiscal and monetary policy space to counteract this, but it would be better to stimulate consumption….
WARSAW, Poland (AP) — Two methane explosions at a coal mine in southern Poland killed five people and injured more than 20 early Wednesday, the Polish prime minister said. Seven others were missing. The first blast took place shortly after midnight about 1,000 meters (3,000 feet) under the surface at the Pniowek mine in Pawlowice,…
By Julie Gordon OTTAWA (Reuters) -Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed on Wednesday, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7% in March, well above analyst expectations of 6.1% and…
(Reuters) – The U.S. has accelerated the permitting of wind and solar projects on federal lands under President Joe Biden, but his administration needs more staff and less administrative red tape to keep up with the clean energy industry’s demand for land, according to a report submitted to Congress on Tuesday. The announcement shows progress…
Electrified vehicles are indiscriminate in their automotive expansion. First, it was hatchbacks and sedans, then SUVs. Next up: the pickup. Electric variants of light-duty pickups are being developed by a number of automakers, but there’s one electric truck that’s already on sale: the all-new Rivian R1T. Hailing from this nascent American company, the R1T boasts…
(Reuters) -Procter & Gamble Co raised its full-year sales forecast on Wednesday as consumer demand for cleaning and personal healthcare products remains resilient despite rising prices, sending its shares up almost 2% in premarket trading. Sales in its fabric and home care unit, the company’s biggest segment, rose 7%, as consumers stocked up on its…
LONDON (Reuters) – The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook. “Our main finding is that by 2030, energy demand…
