U.S. Retailers Tumble After Walmart Cuts Profit Forecast
(Reuters) – A profit warning by Walmart ignited a sell-off in shares of major U.S. retailers late on Monday, quickly…
July 2022
Walmart Cuts Profit Forecast, Blames Food And Fuel Inflation
(Reuters) -Walmart Inc on Monday said it was cutting its forecast for full-year profit, due to pricing actions aimed to…
Hollywood producer’s new nonprofit to boost diverse creators
Hollywood film producer Dan Lin — known for movies such as Disney’s live action “Aladdin” and “The Two Popes” —…
Russian Strike On Odesa Port Casts Doubt On Grain Deal -White House
(Reuters) -Russia’s attack on the Ukrainian port of Odesa casts doubt on a grain deal, the White House said Monday,…
U.S. Energy Department Set To Loan GM Battery Joint Venture $2.5 Billion
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department on Monday announced it intends to loan a joint venture…
EU struggles with how to cut off its reliance on Russian gas
BRUSSELS (AP) — European Union nations struggled Monday to find common ground on how to wean the bloc off its…
Miner Newmont Warns Inflation To Spike Costs In 2023
By Rithika Krishna (Reuters) -Newmont Corp on Monday raised its annual cost forecast and warned that inflationary pressures would persist…
Fed set to impose another big rate hike to fight inflation
WASHINGTON (AP) — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult…
Terminals At California’s Third-busiest Port Resume Regular Hours On Monday
By Lisa Baertlein (Reuters) -Marine terminals at California’s Port of Oakland reopened for regular weekday hours on Monday after independent…
Biden To Hold Virtual Meeting With CEOs On Chips Legislation
WASHINGTON (Reuters) – President Joe Biden will meet virtually on Monday with the chief executives of Lockheed Martin Corp, Medtronic…