Eurozone inflation remains well above the ECB’s target, as energy and food prices have risen. Bloomberg…
Category: Economy
Elon Musk’s plans to make money with Twitter are said to include job cuts
As part of his bid to raise money for the acquisition of Twitter, Elon Musk appears…
USPS Trucks: Activists sue to prevent purchase of gas-guzzling vehicles
Placeholder while loading article actions Sixteen states, the District of Columbia and environmental activist groups are…
Mortgage volume collapses due to rising interest rates: What this means for future home sales and consumer spending
The boom is over. And there are broader effects. by Wolf Richter to Wolf Street. Rising…
Facebook’s earnings win sent Meta stock up, but sales posted the slowest growth in a decade
Meta Platforms Inc. It is the latest tech giant to feel an economic malaise, as Facebook’s…
Stocks rise after tech-led sell-off
US stocks rose on Wednesday in choppy trading, to offset some of their losses after selling…
The central bank is trying to slow the weakening of the yuan against the US dollar
The Chinese yuan has weakened sharply against the US dollar in the past several weeks as…
CEO says Chipotle team, back to pre-pandemic levels, is exploring automation
Chipotle Mexican Grill CEO Brian Nicole told CNBC’s Jim Cramer on Tuesday that staffing levels at…
General Electric, Warner Bros. Discovery, and more
The General Electric (GE) brand at the 2nd China International Import Expo (CIIE) in Shanghai, China,…
Exceeds expectations, reduces exposure to Russia
UPS He exceeded expectations for the first quarter of 2022 and said he had reduced his…