Investors expect U.S. earnings hit as war boosts inflation
By Caroline Valetkevitch NEW YORK – Investors are bracing for a hit to U.S. earnings as oil and other commodity costs skyrocket and major U.S. companies including McDonald’s begin to…
By Caroline Valetkevitch NEW YORK – Investors are bracing for a hit to U.S. earnings as oil and other commodity costs skyrocket and major U.S. companies including McDonald’s begin to…
By Jonathan Allen NEW YORK – The first licenses to open the newly legalized marijuana retail outlets coming to New York later this year will be reserved for people with…
– E-commerce company eBay Inc said on Thursday it expects revenue to grow between 5% and 6% in fiscal 2023, and launched its first digital wallet. Analysts polled by Refinitiv…
By John McCrank NEW YORK – The euro retreated from its overnight gains on Thursday following the European Central Bank’s announcement it will phase out its stimulus in the third…
– The rouble ticked up in both Moscow and international FX markets on Thursday after the first formal talks between Russia and Ukraine’s foreign ministers, even though the meeting made…
By David Shepardson WASHINGTON – Several public advocacy groups on Thursday called on U.S. regulators to block a bid by budget carriers Frontier Group Holdings and Spirit Airlines Inc to…
LAS VEGAS – A Las Vegas man pleaded guilty yesterday to participating in a scheme to defraud the Small Business Administration and a Paycheck Protection Program (PPP) lender while he…
By David Gaffen – Utility executives said on Thursday that their industry is facing higher costs in years to come to deal with the twin challenges of the transition to…
By David Shepardson WASHINGTON – United Airlines said Thursday it will allow unvaccinated employees to return to their jobs starting March 28 and asked a federal appeals court to dismiss…
By Lewis Krauskopf NEW YORK – Stock splits are becoming fashionable for megacap U.S. companies. Amazon unveiled a 20-for-1 stock split late on Wednesday, only weeks after megacap peer Alphabet…
Former Zelenskyy Spokesperson Said It Would Be A ‘Tragedy’ If Harris Became President In Deleted Tweet Sebastian Hughes on March 10, 2022 A former spokesperson for Ukrainian President Volodymyr Zelenskyy…
Psaki Refuses To Answer If Biden Owns An Electric Vehicle, Says Presidents ‘Don’t Do A Lot Of Driving’ Thomas Catenacci on March 10, 2022 White House press secretary Jen Psaki…
By Saqib Iqbal Ahmed NEW YORK – Fallout from Russia’s invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor expectations for a weaker…
By Tom Hals and Dietrich Knauth – Victims of America’s opioid epidemic confronted members of the Sackler family that owns Purdue Pharma on Thursday with wrenching stories of suffering they…
By Sarah N. Lynch WASHINGTON – The U.S. Justice Department on Thursday tapped federal prosecutor Kevin A. Chambers to lead the department’s efforts to help investigate fraudsters who used the…
– Shares of Amazon.com Inc jumped over 5% after the e-commerce giant’s share split and buyback moves stand to draw more investors to a stock whose recent performance has been…
MILAN – Italian aerospace and defence group Leonardo expects free cash flow to more than double this year compared with 2021 as governments around the world step up military spending…
– President Vladimir Putin said on Thursday that sanctions imposed against Russia would rebound against the West, including in the form of higher food and energy prices, and Moscow would…
By Andres Gonzalez, Nadine Schimroszik and Emma-Victoria Farr MADRID – Deutsche Telekom has started the sale process of its towers business and expects indicative offers in the next couple of…
CHARLOTTE, N.C. – U.S. Attorney Dena J. King announced today that Keon Taylor, 31, of Charlotte, was sentenced to five years in prison and three years of supervised release for…
Baltimore, Maryland – U.S. District Judge Catherine C. Blake sentenced Oyekanmi Oworu, age 35, of Hyattsville, Maryland to three years in federal prison, followed by four years of supervised release,…
BOISE – An Illinois woman was sentenced to 21 months in federal prison for bank fraud. According to court records, Abbi L. Sullivan, 22, of Normal, Illinois, traveled to Idaho…
By Sabrina Valle, Marcy de Luna and Arathy Somasekhar HOUSTON – The war in Ukraine is reviving a debate on whether natural gas is a climate friend or foe, as…
– Mining companies with ties to Russian businesses are scrambling to sever them in the aftermath of Russia’s invasion of Ukraine. Britain on Thursday imposed sanctions on seven high-profile Russian…
MILAN – Italian fashion group Tod’s expressed optimism for 2022 despite global uncertainties after returning to an operating profit last year. The leather goods maker beat market expectations on Thursday…