TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag from supply disruptions and a high-tech chip shortage. Industrial production in the world’s third-largest economy likely slipped 0.5% in July from the previous…
By Byron Kaye and Harish Sridharan (Reuters) -Australian conglomerate Wesfarmers Ltd, owner of the country’s no. 1 hardware chain, reported annual profit fell and warned of “challenging” inflation, but said raw materials prices were down while demand was high for home improvement projects. The outlook issues on Friday shows a company transitioning from one extraordinary…
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day. Brent crude futures climbed 46 cents, or…
(Reuters) -U.S wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit. The new plans, which would exist alongside T-mobile’s existing cellular services,…
By Eva Mathews (Reuters) -Dell Technologies Inc joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings, sending its shares down 8% in extended trading on Thursday. Industry majors from Intel Corp to Lenovo Group have warned of a slump in the…
NEW YORK (AP) — Dollar Tree and Dollar General reported higher second-quarter sales Thursday resulting from four-decade high inflation driving more customers to bargain chain stores for everything from lightbulbs to groceries. Dollar stores tend to sell items in small quantities, allowing low-income customers to buy a little at a time. As with previous recessions,…
By David Shepardson (Reuters) – California on Thursday moved to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, a landmark move that could speed the end of gasoline-powered vehicles. California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on…
MENLO PARK, Calif. (AP) — Facebook parent Meta says it has removed a network of accounts linked to the Proud Boys, a far-right extremist group it banned in 2018. Meta said on Thursday that it recently uncovered and removed about 480 Facebook and Instagram accounts, pages and groups linked to the Proud Boys. That brought…
DETROIT (AP) — California will require all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035 in an ambitious move away from gasoline-powered vehicles and the pollution they emit. The requirements come in phases starting in 2026, and it will take 13 years for them become fully…
(Reuters) – Google will clearly label medical facilities in the United States that provide abortions in its search results and in Google Maps to avoid confusing them with anti-abortion centers, its top executive informed lawmakers on Thursday. When users search for “abortion clinics near me”, the results box will display facilities verified to provide abortions,…
