EXPLAINER: How do we know when a recession has begun?
WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the…
July 2022
Michelin’s Half-year Sales Rise But Russia Exit Hits Net Profit
(Reuters) – French tyre maker Michelin on Tuesday posted half-year sales up 18.7%, in line with analysts’ consensus estimate, but…
Klondike discontinues Choco Taco
Choco Taco, a favored poolside cuisine for generations, will soon be no more after owner and ice cream maker Klondike…
Consumers confidence slides for third straight month in July
WASHINGTON (AP) — U.S. consumer confidence slid again in July higher prices for food, gas and just about everything else…
U.S. New Home Sales Drop To Two-year Low In June
WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped to their lowest level in just over two years in…
Unilever hikes prices for products but expects strong sales
LONDON (AP) — Unilever, the consumer goods giant that owns brands ranging from Ben & Jerry’s ice cream to Dove…
Developing nations seek to overcome energy, currency crises
DHAKA, Bangladesh (AP) — Business leaders and officials from eight developing nations meeting in Bangladesh on Tuesday said more cooperation…
Shopify To Lay Off 10% Of Workforce – WSJ
(Reuters) – Canada’s Shopify is laying off 10% of its workforce, or about 1000 employees, the Wall Street Journal reported…
McDonald’s posts lower Q2 revenue, charges weigh down profit
McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered stores in China and higher prices…
Fed Chair Powell Is Not Done Telling Markets Where Rates Will Go
By Ann Saphir WASHINGTON (Reuters) – Since it began its current round of interest-rate hikes this year, the U.S. Federal…