DALLAS (AP) — American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the amount of American’s deposit. American, which…
Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes. Despite record profit and revenue, the Atlanta home improvement chain maintained its guidance for the year. Revenue for the three months ended July 31 rose 6.5% to $43.79 billion, which topped projections of $43.35…
NEW YORK (AP) — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second quarter, the company reported Tuesday, but the…
BERLIN (AP) — Germany’s main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine’s level at Emmerich, near the Dutch border, dropped by a further four centimeters (1.6 inches) in 24…
KYIV, Ukraine (AP) — Explosions and fires ripped through an ammunition depot in Russia-annexed Crimea on Tuesday in the second suspected Ukrainian attack on the peninsula in just over a week, forcing the evacuation of more than 3,000 people. Russia blamed the blasts in the village of Mayskoye on an “act of sabotage” without naming…
ROME (AP) — With a message that blends Christianity, motherhood and patriotism, Giorgia Meloni is riding a wave of popularity that next month could see her become Italy’s first female prime minister and its first far-right leader since World War II. Even though her Brothers of Italy party has neo-fascist roots, Meloni has sought to…
NAIROBI, Kenya (AP) — Kenyan opposition figure Raila Odinga said Tuesday he’ll challenge the results of the close presidential election with “all constitutional and legal options” after Deputy President William Ruto was declared the winner, bringing new uncertainty to a country where the vote was widely considered to be its most peaceful. Now East Africa’s…
NEW YORK (AP) — Stocks edged lower in morning trading on Wall Street Tuesday as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 fell 0.2% as of 10:26 a.m. Eastern. The Dow Jones Industrial Average rose 79 points, or 0.2%, to 33,991 and the Nasdaq fell 0.9%. Walmart jumped 5.7%…
With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to Russia’s economy…
WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden is scheduled to sign into law Tuesday, companies will face…
