By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and S&P 500 closed higher on Tuesday as Walmart and Home Depot gained following stronger-than-expected results and outlooks, while technology shares declined and weighed on the Nasdaq. The S&P 500 consumer discretionary and staples sectors rose sharply along with the S&P 500 retail index. Walmart forecast…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets were flat while U.S. Treasury yields rose on Tuesday, as recession worries persisted amid concern the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. The yield curve between two- and 10-year Treasury notes, viewed as an indicator…
By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble Co will take steps aimed at reducing potential harm to forests from its purchases of wood pulp for toilet paper and other consumer goods, after being pressured by environmentalists and investors for more sweeping changes. P&G will aim to end buying pulp, a key ingredient…
By Nathan Gomes (Reuters) -American Airlines Group Inc on Tuesday agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major U.S. airline to bet on ultra-fast passenger travel in the last two years. The deal brings Boom’s orderbook to 130 airplanes, including options, valued at about $26 billion, Boom…
BEIJING (Reuters) -China will step up macro-economic policy support for the economy, state media quoted Premier Li Keqiang as saying on Tuesday, after data showed growth unexpectedly slowed last month. China’s economy continued to recover in July, but there were “small fluctuations”, Li said during a video meeting with senior officials from six major provinces…
FRANKFURT (Reuters) – Tesla can continue referring to the capabilities of its driver assistance system and to autonomous driving in its advertising in Germany after a court threw out a complaint against the practice. Germany’s Wettbewerbszentrale, an industry-sponsored body tasked with policing anti-competitive practices, had filed the so-called non-admissibility complaint with Germany’s Federal Court of…
SALT LAKE CITY (AP) — For the second year in a row, Arizona and Nevada will face cuts in the amount of water they can draw from the Colorado River as the West endures more drought, federal officials announced Tuesday. The cuts planned for next year will force states to make critical decisions about where…
By Joseph White DETROIT (Reuters) – Stellantis NV’s Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and Charger muscle cars, which are scheduled to go out of production at the end of next year, the company said on Monday. Dodge will offer seven low-volume “heritage-influenced” versions of the…
Billionaire philanthropist MacKenzie Scott donated $38.8 million to Junior Achievement USA and 26 local operations — the largest single gift in its 103-year history — the national education nonprofit announced Tuesday. Like all of Scott’s nearly $12 billion in donations since 2019, her gift to Junior Achievement USA is unrestricted, meaning the Colorado-based nonprofit, which…
DALLAS (AP) — American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the amount of American’s deposit. American, which…
