Walgreens Boots Alliance topped earnings forecasts in the final quarter of fiscal 2022, and the drugstore chain’s early look at 2023 also fell mostly above expectations. A drop in COVID-19 vaccinations and a big charge tied to the company’s United Kingdom stores weighed on results, but shares edged up Thursday after Walgreens detailed its performance….
WASHINGTON (AP) — Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but promised more rate increases in its battle to tamp down persistent inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the…
PARIS (Reuters) – French carmaker Renault said on Thursday that its new “The Future is NEUTRAL” entity that will focus on circular economy in the automotive sector targets 2.3 billon euros in revenue by 2030. The unit will offer a minority stake to outside investors in order to co-finance investments of about 500 million euros…
WASHINGTON (Reuters) – U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month. The consumer price index rose 0.4% last month after gaining 0.1% in August, the Labor Department said on…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the week ending Oct. 8 rose by 9,000 to 228,000, the Labor Department reported Thursday. The four-week moving average ticked up…
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s software unit Cariad will spend more than $2 billion and take a 60% stake in a new venture with Chinese technology firm Horizon Robotics, it said on Thursday, tackling two big challenges: software and the Chinese market. The carmaker will invest $1 billion in Horizon Robotics and a further…
LONDON (AP) — A senior member of the U.K. government on Thursday rejected suggestions that Prime Minister Liz Truss should step down after lawmakers from her own party criticized Truss for economic policies that have sparked turmoil on financial markets. During a stormy, private meeting with Conservative Party lawmakers on Wednesday evening, Truss was blasted…
MADRID (AP) — Spanish Socialist Prime Minister Pedro Sánchez on Thursday announced a 3 billion-euro ($2.9 billion) package in new subsidies to help people weather high gas and electricity prices exacerbated by Russia’s invasion of Ukraine. The measures include set gas price rates for collective residential heating systems until the end of 2023 and more…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials are pushing back on investors’ mounting concerns that the U.S. central bank’s aggressive campaign to counter high inflation is setting the stage for a market crack-up. Central bankers’ confidence is countered by wide-ranging fears among market participants who see bond market liquidity strains, damaging…
Olga Lopatkina paced around her basement in circles like a trapped animal. For more than a week, the Ukrainian mother had heard nothing from her six adopted children stranded in Mariupol, and she was going out of her mind with worry. The kids had spent their vacation at a resort in the port city, as…
