McDonald’s posts lower Q2 revenue, charges weigh down profit
By DEE-ANN DURBIN AP Business Writer McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered…
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Coke revenue rises along with prices; ups outlook for 2022
By DEE-ANN DURBIN AP Business Writer Coca-Cola posted higher-than-expected sales in the second quarter due to price increases and higher demand at…
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GM reports strong sales but says it’s prepared for possible recession
By Chris Isidore, CNN Business General Motors said strong sales and demand for vehicles doesn’t suggest any signs of an economic slowdown, but…
Continue Reading 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 Wednesday because of a strike by its…
Continue Reading Hobbled by chip, other shortages, GM profit slides 40% in Q2
By TOM KRISHER AP Auto Writer DETROIT (AP) — General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts…
Continue Reading Detective: Alex Jones ‘most dangerous’ type of attack denier
By JIM VERTUNO Associated Press AUSTIN, Texas (AP) — The detective who led the investigation into the 2012 Sandy Hook Elementary School attack…
Continue Reading If it looks like a recession and quacks like a recession…
By Paul R. La Monica, CNN Business Is the United States heading for a recession? Or is the economy already in one? It — almost —…
Continue Reading Oil-funded Rockefeller Foundation centers fight for climate
By THALIA BEATY Associated Press NEW YORK (AP) — The Rockefeller Foundation, created with wealth generated from the oil industry more than a…
Continue Reading Alibaba stock jumps after announcing Hong Kong primary listing
By Michelle Toh, CNN Business Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock. In a statement Tuesday, the…
Continue Reading Asian stocks follow Wall Street ahead of likely US rate hike
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp…
Continue Reading Why diesel is more expensive than regular gas
By Benjamin Taubman, CNN Business Most drivers today are focused on the high cost of filling up their tanks with regular fuel. But there’s…
Continue Reading EU agrees to cut natural gas use amid Russian supply fears
BRUSSELS (AP) — European Union governments have agreed to reduce consumption of natural gas this winter to protect against further supply cuts by…
Continue Reading Micronesia’s first COVID-19 outbreak balloons, causing alarm
By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — Micronesia’s first outbreak of COVID-19 has grown in one week to more than 1,000…
Continue Reading Alibaba to seek primary listing in Hong Kong, adding to NYSE
By ZEN SOO Associated Press HONG KONG (AP) — Alibaba, China’s biggest e-commerce company, plans to apply for a primary listing in Hong Kong. The…
Continue Reading The Choco Taco is gone for good
By Danielle Wiener-Bronner, CNN Business Pour one out for Choco Taco. The beloved Klondike product, packaged ice cream in a taco-shaped cone, has…
Continue Reading Budget airline Allegiant cuts profit outlook on rising costs
LAS VEGAS (AP) — Shares of Allegiant Air’s parent company are falling after the company cut its prediction for second-quarter profit. Allegiant…
Continue Reading Bitzero to buy old North Dakota missile site for data center
By JAMES MacPHERSON Associated Press BISMARCK, N.D. (AP) — Gov. Doug Burgum says a crypto mining company is planning to redevelop a northeastern…
Continue Reading A sign inflation could start easing: Walmart is slashing prices on clothing and other products
By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…
Continue Reading A sign inflation is easing: Walmart is slashing prices on clothing and other products
CNN By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in…
Continue Reading Treasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline
CNN By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary…
Continue Reading Here come the discounts at Walmart, Best Buy and Gap
CNN By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap,…
Continue Reading Biden presses computer chips case in advance of Senate vote
By KEVIN FREKING Associated Press WASHINGTON (AP) — President Joe Biden is asking Congress to move quickly to send to him a bipartisan bill…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for September delivery rose $2.20 to $98.62 a barrel Friday. Brent crude for September delivery rose 52…
Continue Reading Walmart cuts profit outlook as shoppers adapt to inflation
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is lowering its profit outlook for its fiscal second quarter and for the full…
Continue Reading How major US stock indexes fared Friday 7/29/2022
The Associated Press Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for…
Continue Reading Diapers cost families a fortune, but now some states will stop taxing them
By Nathaniel Meyersohn, CNN Business Diapers are a notoriously large expense for caregivers of newborns, toddlers and adults suffering from…
Continue Reading Consumer confidence slips for third straight month
CNN By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
Continue Reading Weber, Newmont fall; WWE, Emergent rise
Stocks that traded heavily or had substantial price changes Monday: World Wrestling Entertainment Inc., up $5.59 to $71.81. World Wrestling…
Continue Reading Sotheby’s may be liable for $4 million in missing diamonds, judge rules
By Alexandra Peers, CNN Business Be careful what you sign — and read the fine print. That’s just one of the lessons from a convoluted lawsuit…
Continue Reading Justice Department accuses poultry processors of underpaying workers for decades
By Danielle Wiener-Bronner, CNN Business Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of…
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