By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but that doesn’t include live music. Concert tickets have surged in price, to the point where economists are noticing. Fans are shelling out a fortune for…
By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS),…
(Reuters) – Shares of Xponential Fitness slumped nearly 34% on Tuesday after short-seller Fuzzy Panda Research alleged that the boutique gym chain has misled investors by “hiding” the losses of its brands and franchisees. Fuzzy Panda, in a report made public on Tuesday, revealed its short position on the company. It said more than half…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Tuesday accepted the resignation of the bishop of Knoxville, Tennessee following a Vatican investigation triggered by a rebellion by priests and allegations that the bishop mishandled a sexual abuse investigation. The one-line statement from the Vatican gave no reason for the resignation of Bishop Richard…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. Gojo Industries Inc, which invented Purell in 1988, was hoping to be valued at more than $2 billion when it…
By Sarah N. Lynch WASHINGTON (Reuters) -The federal Bureau of Prisons (BOP) employees who were charged with guarding accused sex offender Jeffrey Epstein did not search his jail cell as required and failed to check on him for hours before he killed himself in 2019, the U.S. Justice Department’s internal watchdog said on Tuesday. In…
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Delta Air Lines on Tuesday lifted its second-quarter profit outlook and forecast full-year earnings at the high end of its prior guidance on sustained travel demand. Shares rose about 2% in morning trade as the company also revised upward estimates for free cash flow this year….
(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgage payment transactions without customer authorization. The transactions occurred in April 2021 and affected nearly 500,000 homeowners with mortgages serviced by Mr. Cooper, exposing many…
WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, but fears of a recession lingered, according to a survey on Tuesday. The Conference Board said its consumer confidence index rose to 109.7 this month, the highest reading since January 2022, from 102.5 in May. Economists polled by…
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s…
