NEW YORK (Reuters) – U.S. producer prices increased less than expected in October, further evidence that inflation was starting to subside. The producer price index for final demand rose 0.2% last month, the Labor Department said on Tuesday. September was revised lower to show the PPI rebounding 0.2% instead of 0.4% and in the year…
BEIJING (Reuters) -Tesla has cut the delivery waiting time for all Model 3 and Model Y vehicles to a minimum of one week, it said on its website on Tuesday. The U.S. automaker added to its electric vehicle inventory in Shanghai at its fastest pace ever in October, data from China Merchants Bank International (CMBI)…
Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions. The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraines…
NEW YORK (AP) — Walmart reported higher sales in its fiscal third quarter as more Americans look for deals, particularly in groceries, in the face of high inflation. The nation’s largest retailer raised its full-year earnings outlook on the strong quarterly results. Also on Tuesday, Walmart agreed to pay $3.1 billion to settle lawsuits nationwide…
WASHINGTON (AP) — Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels. The annual figure is down from 8.4% in September. On a monthly basis, the government said Tuesday that…
DETROIT (Reuters) – General Motors Co plans to add more links to its North American battery supply chain, adding to roughly 20 deals so far, in a key strategy to help the Detroit automaker narrow the gap with Tesla Inc in electric vehicle profitability. GM Chief Executive Mary Barra and other executives are scheduled to…
ATLANTA (AP) — Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors were spooked after the company stuck by projections it put out earlier this year. Shares of The Home Depot Inc. rose 1.2% in morning trading. Profit rose 5.1% to $4.34 billion in the quarter, or $4.24…
Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths. The retail giant’s announcement follows similar proposals on Nov. 2…
(Reuters) -Walmart Inc on Tuesday forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronics attract more inflation-hit shoppers to the top U.S. retailer’s stores. The company also raised its full-year net sales expectations and announced a new $20 billion share buyback plan,…
KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy on Tuesday likened the recapture of the southern city of Kherson to the Allied landings in France on D-Day in World War II, saying both were watersheds on the road to eventual victory. Speaking via video link to a Group of 20 summit in Indonesia, Zelenskyy said…
