SACRAMENTO, Calif. (AP) — A vial of insulin cost $25 in 1995, back when Chris Noble was 5 years old and just learning how to manage his Type 1 diabetes with the help of his parents and his doctors. Nearly three decades later, Noble says that same vial of insulin costs more than $300 —…
Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products maker gave a lackluster fiscal 2023 sales forecast as it contends with rising commodity and freight costs. Shares of the Cincinnati-based company dropped 5% in morning trading Friday. Like many businesses, P&G is dealing with consumers pulling back…
MADRID (AP) — Spain’s leader has proposed an energy-saving move that many men have already embraced. Spanish Prime Minister Pedro Sánchez has asked government officials and people working in the private sector to save energy by giving up wearing neckties at work. Appearing at a news conference in an open-necked white shirt and blue jacket,…
NEW YORK (AP) — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is that economic uncertainty isn’t going away anytime soon. But…
By Simon Lewis and David Brunnstrom TOKYO (Reuters) -Long-time allies the United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. Japanese media said the so-called economic “two-plus-two” ministerial meeting in Washington was expected to agree on…
By Shadia Nasralla LONDON (Reuters) -Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost. Brent crude futures for September settlement, due to expire on Friday, gained $3.06 to trade at $110.20 a barrel by 1325 GMT…
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Procter & Gamble Co forecast full-year earnings below analysts’ estimates on Friday, as the maker of Tide detergent struggles with surging transportation and commodity costs, sending its shares down about 4% in premarket trading. Andre Schulten, P&G’s chief financial officer, also warned in a call with media…
ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy visited a Black Sea port Friday to watch crews prepare to export grain trapped by Russia’s five-month-old war, a week after a deal was struck to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide. “The first vessel, the first ship is…
WASHINGTON (AP) — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation gauge closely tracked by the Fed jumped 6.8% in June from…
NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion. The sky-high profits come…
