EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON (AP) — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices…
April 2022
Ferrero Recalls Some Chocolates Due To Potential Salmonella Contamination
(Reuters) – Ferrero said on Tuesday it was voluntarily recalling some of its Kinder chocolates in the United States, saying…
Can Bank Stocks Find Support?
Earnings season is upon us. Investors want to see the impact of rising input costs and supply chain constraints on…
Fed’s Brainard Says Balance Sheet Trim Could Start In June
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Federal Reserve Governor Lael Brainard on Tuesday said the U.S. central bank could…
LVMH Q1 Sales Driven By High Demand For Louis Vuitton And Dior
By Mimosa Spencer PARIS (Reuters) -Strong demand for Louis Vuitton and Dior products helped lift first quarter sales at the…
CFPB sues TransUnion for violating previous agreement
NEW YORK (AP) — The Consumer Financial Protection Bureau is suingTransUnion and one of its long-time executives alleging that the…
Geopolitics leads Boeing to downgrade dozens of jet orders
Boeing has removed 141 airplanes from its backlog of pending orders, many of them because of what it termed geopolitical…
Stocks Climb, U.S. Treasury Yields Slip As U.S. Inflation Data Fails To Surprise
By Katanga Johnson WASHINGTON (Reuters) – World stocks edged higher after a wobbly start on Tuesday, while U.S. Treasury yields…
Toyota unveils first electric vehicle since RAV4 EV in 2014
DETROIT (AP) — Toyota, the top-selling automaker in the U.S., is rolling out its first fully electric vehicle in eight…
Diversify Global Supply Chains, Don’t Dismantle Them, IMF Says
By David Lawder WASHINGTON (Reuters) – The COVID-19 pandemic wreaked havoc on global supply chains but new International Monetary Fund…