Kroger Raises Annual Profit Forecast On Essentials Demand
(Reuters) – Kroger Co raised its expectations for 2022 profit on Thursday, betting on steady demand for its groceries and…
June 16, 2022
Activision Board Says No Evidence Senior Execs Ignored Harassment Cases
(Reuters) -Activision Blizzard Inc’s board and external advisers said on Thursday there was no evidence to suggest that senior executives…
BoE Raises Rates By 25 Basis Points Again But Says Ready To Act Forcefully
By Andy Bruce and William Schomberg LONDON (Reuters) – The Bank of England raised interest rates by a further quarter…
Meta, Google, Twitter Pledge To Better Fight Fake News Or Risk Fines
BRUSSELS (Reuters) – Meta, Alphabet unit Google, Twitter and Microsoft on Thursday agreed to take a tougher line against disinformation…
Euro rescue fund to get new chief as its old glory fades
BRUSSELS (AP) — A contest to lead Europe’s financial rescue fund is drawing to a close with the spotlight on…
Russian economy ‘won’t be as it was,’ central banker says
ST. PETERSBURG, Russia (AP) — The head of the Russian Central Bank warned Thursday that the country’s economy faces pressure…
Fed’s aggressive rate hikes raise likelihood of a recession
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging…
Facebook Owner Meta Makes Antitrust Commitments Over Online Advertising
By Mathieu Rosemain PARIS (Reuters) – France’s anti-trust watchdog body said on Thursday that it had approved commitments made by…
Ferrari Promises ‘even More Unique’ Cars In Shift To Electric
By Giulio Piovaccari and Nick Carey MARANELLO, Italy (Reuters) – Electric and hybrid models should make up 80% of Ferrari’s…
Bank of England hikes interest rates but resists bolder move
LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a…