Johnson & Johnson is suspending sales forecasts for its COVID-19 vaccine only a few months after saying the shot could bring in as much as $3.5 billion this year. A global supply surplus and uncertainty about future demand — fueled in part by vaccine hesitancy in some developing markets — prompted the change, J&J said…
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. The 190-country lender cut its forecast for global…
By Sruthi Shankar (Reuters) -Wall Street was set to open flat on Tuesday as Treasury yields hit new highs on expectations of aggressive interest rate hikes, while investors awaited more earnings reports to assess the impact of inflation and the Ukraine war on company profits. St. Louis Federal Reserve Bank President James Bullard on Monday…
(Reuters) -Blackstone Inc will buy American Campus Communities Inc for $12.8 billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on rents rising after colleges reopen. ACC owns 166 properties across 71 university markets including Arizona State University and the University of Texas at Austin. The…
By Joice Alves LONDON (Reuters) – The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar…
NEW YORK (AP) — When Mahlet Berhanemeskel gets back to her New York City home from her 90-minute commute, she doesn’t feel like cooking. So instead she orders food like BLTs, Cheez-Its and cookies from an app called Gorillas. It’s affordable and takes 10 minutes. “It’s instant gratification,” she said. Gorillas is one of several…
By Liz Hampton and Rithika Krishna (Reuters) -Oilfield services firm Halliburton Co posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment. Crude futures climbed to their highest level in more than a decade during the quarter after a slew of Western…
NEW YORK (AP) — Meta Platforms Inc., the social media giant formerly known as Facebook, plans to celebrate Earth Day by expanding its offering of fundraising tools and making them more easily available to 1.5 million nonprofits on its Facebook and Instagram platforms, including those involved in fighting climate change. Starting Tuesday, Instagram users can…
(Reuters) – Halliburton Co posted a rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its oilfield services and equipment. The Houston, Texas-based company’s adjusted net income was $314 million, or 35 cents per share, for the quarter to March 31, compared with $170 million, or 19 cents…
TAIPEI (Reuters) – A senior Taiwanese minister has pressed U.S. Trade Representative Katherine Tai to include the island in the United States’ forthcoming Indo-Pacific Economic Framework, his office said on Tuesday. Tai last month declined to say if Taiwan would be invited to join the Biden administration’s Indo-Pacific economic plan, spurring Senate criticism that excluding…
