Jada Riley thought she had beaten homelessness. The 26-year-old New Orleans resident was finally making a steady income cleaning houses during the pandemic to afford a $700-a-month, one-bedroom apartment. But she lost nearly all her clients after Hurricane Ida hit last year. Then she was fired from a grocery store job in February after taking…
(Reuters) – U.S. consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years. The Consumer Price Index (CPI) was unchanged last month after advancing 1.3% in June, the Labor…
MOSCOW (AP) — Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops into Ukraine. Sweden-based H&M and Netherlands-based IKEA had paused sales in Russia after the military operation began…
Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regulatory filings that he unloaded about 8 million shares of his company Tesla Inc. in recent days. “In the (hopefully unlikely) event that…
(Reuters) -Wendy’s Co missed Wall Street estimates for quarterly U.S. same-store sales growth on Wednesday, as Americans reined in their spending on burgers and fries in the face of decades-high inflation. Lower-income households are avoiding discretionary purchases as prices of everyday essentials surge, which has affected the hamburger chain that was already grappling with competition…
By Yadarisa Shabong (Reuters) -TUI, one of the world’s largest tour operators, took a 75 million euros ($77 million) hit in the third quarter from flight disruption across Europe, pushing it to a loss on Wednesday. Incoming Chief Executive Sebastian Ebel said there would be significant but lower costs related to air disruption in the…
BERLIN (AP) — Germany’s finance minister said Wednesday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation. Finance Minister Christian Lindner said about 48 million people in Germany would profit from changes to the…
By Rowena Edwards LONDON (Reuters) -Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators. Brent crude futures fell 73 cents, or 0.76%, to $95.58 a barrel by 0928 GMT. U.S. West Texas Intermediate crude futures were down 64 cents,…
TOKYO (AP) — Honda’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down…
TOKYO (AP) — Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Tokyo-based Toshiba Corp. said Wednesday that it recorded a 25.9 billion yen ($192 million) profit in the April-June period, up from 18 billion yen…
