(Reuters) – American Airlines Group Inc on Tuesday agreed to buy up to 20 ultra-fast jets from Boom Supersonic, with an option to purchase 40 more, becoming the second major U.S. airline to bet on supersonic passenger travel. American has made a non-refundable deposit on the initial 20 Overture jets, the companies said in a…
By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Walmart Inc nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales. The stock, which has fallen over 8% this year, rose…
Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes. Despite record profit and revenue, the Atlanta home improvement chain maintained its guidance for the year. Revenue for the three months ended July 31 rose 6.5% to $43.79 billion, which topped projections of $43.35…
NEW YORK (AP) — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second quarter, the company reported Tuesday, but the…
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been…
BERLIN (AP) — Germany’s main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine’s level at Emmerich, near the Dutch border, dropped by a further four centimeters (1.6 inches) in 24…
By Davide Barbuscia NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic. Most U.S. and European banks had pulled back from…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday reported disappointing second-quarter sales in the U.S. market, prompting its shares to fall, but reaffirmed its annual forecast, saying higher costs of living had not impacted jewellery buying. Shares in Pandora, the world’s largest mass-market jewellery brand with more than 6,400 stores worldwide, fell…
KYIV, Ukraine (AP) — Explosions and fires ripped through an ammunition depot in Russia-annexed Crimea on Tuesday in the second suspected Ukrainian attack on the peninsula in just over a week, forcing the evacuation of more than 3,000 people. Russia blamed the blasts in the village of Mayskoye on an “act of sabotage” without naming…
ROME (AP) — With a message that blends Christianity, motherhood and patriotism, Giorgia Meloni is riding a wave of popularity that next month could see her become Italy’s first female prime minister and its first far-right leader since World War II. Even though her Brothers of Italy party has neo-fascist roots, Meloni has sought to…
