McDonald’s posts lower Q2 revenue, charges weigh down profit
McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered stores in China and higher prices…
Headlines
Fed Chair Powell Is Not Done Telling Markets Where Rates Will Go
By Ann Saphir WASHINGTON (Reuters) – Since it began its current round of interest-rate hikes this year, the U.S. Federal…
Coke revenue rises along with prices; ups outlook for 2022
The Coca-Cola Co. posted strong sales in the second quarter due to price increases and rising demand from restaurants, theme…
Oil-funded Rockefeller Foundation centers fight for climate
NEW YORK (AP) — The Rockefeller Foundation, created with wealth generated from the oil industry more than a century ago,…
Europe Agrees Compromise Gas Curbs As Russia Squeezes Supply
By Kate Abnett BRUSSELS (Reuters) -European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday,…
German strike forces Lufthansa to cancel hundreds of flights
BERLIN (AP) — Lufthansa says it will have to cancel almost all flights at its main Frankfurt and Munich hubs…
Hobbled by chip, other shortages, GM profit slides 40% in Q2
DETROIT (AP) — General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages…
UBS Set For Challenging Second Half After 2nd Qtr Disappoints
By Oliver Hirt and Tom Sims ZURICH (Reuters) -UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt…
Asian stocks follow Wall Street ahead of likely US rate hike
BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate…
U.S. Solar Industry Jobs Rose 9% In 2021, Mainly In Installation
By Nichola Groom (Reuters) – The number of jobs in the U.S. solar energy industry rose 9% last year to…