US home sales fell in June as prices reach new heights
Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising…
July 2022
Biogen chops expenses in Q2, raises 2022 profit forecast
Cost cutting helped Biogen beat second-quarter expectations soundly even as revenue slid and sales of the drugmaker’s controversial Alzheimer’s treatment…
Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
By Mathieu Rosemain and Victoria Waldersee PARIS/BERLIN (Reuters) -Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid…
Canada’s Inflation Rate Hit 8.1% In June As Gasoline Prices Bite
OTTAWA (Reuters) – Canada’s annual inflation rate accelerated to 8.1% in June, missing forecasts but remaining at its highest level…
Fidelity Charitable sets $4.8B record in grants for 6 months
NEW YORK (AP) — Donations from Fidelity Charitable climbed 11% to a record $4.8 billion for the first half of…
Italy political turmoil a headache for Europe’s central bank
FRANKFURT, Germany (AP) — Italian Prime Minister Mario Draghi’s offer to resign has sent unsettling ripples through financial markets, bringing…
Analysis-Debt-laden Italy Looks No Less Vulnerable As Rates Shoot Higher
By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Debt-laden Italy finds itself in markets’ crosshairs again, as the prospect…
Sky-high diesel prices squeeze truckers, farmers, consumers
NEW YORK (AP) — When long-haul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies…
Analysis – Porsche Faces Uphill Drive In Race To Public Listing
By Emma-Victoria Farr LONDON (Reuters) – Porsche may have to go public at a steep discount if it insists on…
EasyJet Founder Stelios Calls Truce In Battle With Management – FT
(Reuters) – EasyJet founder Stelios Haji-Ioannou plans to call a truce in a dispute with the British airline’s management and…