Retail sales in May slip 0.3% amid surging inflation
NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation…
June 2022
US report: Nearly 400 crashes of automated tech vehicles
DETROIT (AP) — Automakers reported nearly 400 crashes over a 10-month period involving vehicles with partially automated driver-assist systems, including…
Oil Prices Stable Ahead Of Expected U.S. Interest Rate Hike
By Rowena Edwards LONDON (Reuters) -Oil prices were stable on Wednesday as the market juggled fears of tight supply with…
IKEA Plans To Sell Factories, Reduce Jobs In Latest Russia Cuts
STOCKHOLM (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 15,000-strong workforce in…
Emergency ECB Meeting Lifts Europe, Fed Expected To Go Big
By Marc Jones LONDON (Reuters) – European markets rallied on Wednesday as the European Central Bank held an emergency meeting…
NATO defense ministers to discuss weapons for Ukraine
BRUSSELS (AP) — NATO defense ministers attending a two-day meeting starting Wednesday will discuss beefing up weapons supplies to Ukraine,…
IKEA To Further Scale Down Operations In Russia
STOCKHOLM (Reuters) – Furniture giant IKEA said on Wednesday it would further scale its operations in Russia following the country’s…
Global Equity Funds Decline Over 20% This Year
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher…
Biden sends Ukraine more weapons; US eyes report on fighters
KYIV, Ukraine (AP) — The Russian military said it used long-range missiles Wednesday to destroy a depot in the western…
Euro Zone Trade Deficit Almost Doubles In April
BRUSSELS (Reuters) – The euro zone’s trade deficit almost doubled in April from the previous month after an already record…