By Hannah Lang WASHINGTON (Reuters) -The dollar rebounded on Tuesday after digesting slightly softer-than-expected U.S. inflation data, while the euro extended losses ahead of a policy-setting meeting at the European Central Bank. Federal Reserve Governor Lael Brainard said on Tuesday that there were some signs of “welcome” cooling in the latest inflation readout, but emphasized…
By Gilles Guillaume PARIS (Reuters) -Renault Chief Executive Luca de Meo said on Tuesday that the automaker’s plans to create a separate division for its electric (EV) assets could eventually lead to a separate listing. “This could mean a separate listing. This is a conditional, this is precisely what we are reviewing,” De Meo told…
SAN FRANCISCO (AP) — Yelp will cover the travel expenses of employees who must travel out of state for abortions, joining the ranks of major employers trying to help workers affected by new restrictions in Texas and other states. The benefit announced Tuesday covers all 4,000 employees at the online review service, but seems most…
By Tim Hepher (Reuters) – Airbus urged Europe on Tuesday not to block imports of titanium from Russia, saying sanctions on the strategic metal would damage aerospace while barely hurting Russia’s economy. Widening the action taken after Russia’s invasion of Ukraine to titanium, used in airplanes and jet engines, would “not be appropriate,” Chief Executive…
SAN DIEGO (AP) — A California appeals court has upheld a lower court ruling that Johnson & Johnson must pay penalties to the state for deceptively marketing pelvic mesh implants for women, but reduced the amount by $42 million to $302 million. Johnson & Johnson had appealed in 2020 after Superior Court Judge Eddie Sturgeon…
WASHINGTON (AP) — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices rocketed 8.5%. That was the fastest year-over-year jump since 1981, far surpassing February’s mark of 7.9%, itself a 40-year high. Even if you toss out food and energy prices — which are notoriously volatile and…
(Reuters) – Ferrero said on Tuesday it was voluntarily recalling some of its Kinder chocolates in the United States, saying the products may be contaminated with Salmonella Typhimurium. There are no reports of illness in the United States to date from the chocolates, Ferrero added. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)
Earnings season is upon us. Investors want to see the impact of rising input costs and supply chain constraints on companies sales and margins. The reports come at a critical moment for markets as indices sit on key support levels. Banks dominate the early part of earnings season. When your business is your balance sheet…
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Federal Reserve Governor Lael Brainard on Tuesday said the U.S. central bank could start to trim its balance sheet in June, which along with a series of interest rate hikes will help bring down 40-year-high inflation. “In terms of exactly what the right pace of that set of…
By Mimosa Spencer PARIS (Reuters) -Strong demand for Louis Vuitton and Dior products helped lift first quarter sales at the world’s largest luxury goods conglomerate LVMH, showing the sector’s resilience despite geopolitical tensions and volatile stock markets. LVMH, which owns brands spanning Hennessy cognac and Sephora, said like-for-like sales, which strip out the effect of…
