GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise
(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high…
(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high…
(Reuters) – Global investors withdrew big money out of equity and bond funds in the week ended June 15, on elevated concerns over rising inflation levels and chances of an…
OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price gains from becoming entrenched, but…
WASHINGTON – U.S. business inventories increased strongly in April amid a moderation in sales, government data showed on Wednesday. Business inventories rose 1.2% after advancing 2.4% in March, the Commerce…
BRASILIA/SAO PAULO – Brazilian President Jair Bolsonaro has vetoed a Congress-passed measure that would block airlines from charging for checked baggage on their flights, his office said on Wednesday, sending…
By Sharon Bernstein (Reuters) – Abortions performed in the United States increased by 8% during the three years ending in 2020, reversing a 30-year trend of declining numbers, according to…
WELLINGTON, June 14 – New Zealand food prices rose 0.7 percent in May, data from Statistics New Zealand showed on Tuesday, while the index rose 6.8 percent from the same…
LAKEWOOD, NJ – Hitchhiking is against the law in New Jersey. Not only that, it’s dangerous. A hitchhiking stop in downtown Lakewood today drew criticism after a Lakewood police officer…
By Julie Steenhuysen CHICAGO – U.S. health officials are working to expand capabilities to test for monkeypox beyond a narrow group of public health labs, heeding calls from infectious disease…
By Elizabeth Howcroft LONDON – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the…
By David Ljunggren OTTAWA – Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in 2025-26, given rising rates, according…
(Reuters) – U.S. power consumption was on track to rise to record highs in 2022 and 2023 as the economy grows, the U.S. Energy Information Administration (EIA) said in its…
(Reuters) – U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackdowns…
MADRID – Activity in Spain’s services sector slowed down in May though companies created jobs at the fastest rate in almost a year as companies’ capacity is stretched, a survey…
WASHINGTON – New orders for U.S.-manufactured goods increased less than expected in April, but demand for products remains strong, which should help to keep factories humming. The Commerce Department said…
By Leika Kihara TOKYO -The Bank of Japan must maintain its massive monetary stimulus as inflation has yet to sustainably achieve its 2% target, deputy governor Masazumi Wakatabe said on…
SYDNEY – Australia’s new Treasurer on Wednesday said he wanted to see minimum wages rise fast enough to keep pace with surging inflation, as a looming spike in energy prices…
BUFFALO, NY – On Friday, Erie County District Attorney John Flynn joined Erie County Department of Health Commissioner Dr. Gale Burstein and Opiate Epidemic Task Force Director Cheryll Moore to…
(Reuters) – Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the National Statistics Institute (INE) said…
ROME, May 26 – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing war in Ukraine while manufacturers…
TOKYO – An index measuring prices Japanese firms charge each other for services rose in April at the fastest annual pace in more than two years, data showed on Thursday,…
By Vivek Mishra BENGALURU – Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living…
(Reuters) -Sterling was set for its biggest weekly gain since December 2020 against a weakening dollar as the latest economic data suggested the market might not need to scale back…
AMSTERDAM – The Dutch government’s budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget update, up from expectations of…
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with…