Brazil’s Assai Posts Nearly 21% Jump In Quarterly Profit
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last…
2022
Ford Sticks With Full-year Profit Despite Surging Costs
DETROIT (Reuters) -Ford Motor Co on Wednesday reported better than expected second-quarter profit and reaffirmed its profit outlook for the…
Powell Says Markets Have Been Orderly As Fed Has Hiked Rates
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he has been gratified to see that financial…
FTC acts to block Meta from buying VR company, fitness app
WASHINGTON (AP) — Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from…
Whistleblowers hit Southwest, FAA for lax safety practices
DALLAS (AP) — Federal officials say that Southwest Airlines and the union representing its pilots have resisted cooperating with investigations…
How the Federal Reserve’s rate hikes affect your finances
WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so…
Instant View: Fed Hikes Rates Another 75 Basis Points
NEW YORK (Reuters) – The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on…
Majority Of U.S. Senate Backs Bill Boosting Chipmakers, To Compete With China
By David Shepardson and Patricia Zengerle WASHINGTON (Reuters) -A majority of the U.S. Senate on Wednesday backed sweeping legislation to…
USAID chief calls on China to restructure Sri Lanka’s debt
NEW DELHI (AP) — The head of the U.S. government aid agency called on China on Wednesday to help Sri…
IMF Says It Is Ready To Support Bangladesh After Loan Request
By Ruma Paul DHAKA (Reuters) -The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan…