Breadcrumb Trail Links PMN Business Author of the article: Reuters David Randall Published May 07, 2023 • 3 minute read Join the conversation Article content NEW YORK — Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping down inflation […]
Breadcrumb Trail Links PMN Business Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses. Author of the article: Bloomberg News Max Reyes Published May 06, 2023 • 2 minute read Join the conversation An attendee looks at books during a […]
Article content MILAN — Former Italian prime minister Silvio Berlusconi sent a video message to his Forza Italia party on Saturday in his first appearance since being hospitalized a month ago, saying he is ready to return to work. Wearing a blue shirt and suit and heavy make-up, Berlusconi, 86, appeared sitting at a desk […]
Article content Ramping up renewable power production rather than subsidies is the key to lower electricity prices for Germany’s energy-hungry industry, Chancellor Olaf Scholz said on Saturday, in an apparent dig at proposals by his government’s economy minister. Industrial companies in Germany say electricity prices are too high compared with other countries, putting Germany’s heavy […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Ali Swenson Published May 06, 2023 • 5 minute read Join the conversation Article content NEW YORK (AP) — Tracking down accurate information about Philadelphia’s elections on Twitter used to be easy. The account for the city commissioners who run elections, â†*phillyvotes, was […]
Article content TORONTO — The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Friday as investors dialed back bets for interest rate cuts by the Bank of Canada in the coming months following stronger-than-expected domestic jobs data. The Canadian economy gained 41,400 jobs in April, exceeding expectations for an increase of […]
Article content Carvana Co’s shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak demand over affordability […]
Breadcrumb Trail Links PMN Business Germany is weighing a reduced power price of 6 cents per kilowatt-hour or less for certain energy-intensive industries to help ease costs after last year’s crisis shook the manufacturing-heavy economy. Author of the article: Bloomberg News Petra Sorge Published May 05, 2023 • 2 minute read Join the conversation Article […]
Article content Lyft Inc shares tumbled nearly 20% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns about a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. Article […]
Article content Ford Motor Co. is recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger air bag inflators may have been installed incorrectly. The National Highway Traffic Safety Administration said in a letter that the recall includes 231,942 vehicles. Article content The vehicles had received replacement front passenger air bag inflators under a […]