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(Reuters) -U.S. President Joe Biden said the January consumer price index report issued on Thursday was a reminder the budgets of Americans are under real strain, adding that his administration was using “every tool” it has to tackle the issue. “We have been using every tool at our disposal, and while today is a reminder …

Biden says consumer inflation report shows budgets of Americans are ‘being stretched’ Read More »

By Allison Lampert and Aishwarya Nair (Reuters) -Canadian business jet maker Bombardier Inc said on Thursday it would increase production of its strongest-selling aircraft and forecast higher deliveries, after reporting an adjusted quarterly profit. Business jet makers are ramping up production on higher demand from wealthy travelers opting to fly private during the pandemic, but …

Bombardier eyes higher business jet deliveries, plane production Read More »

By Nichola Saminather TORONTO (Reuters) -Manulife Financial Corp and Sun Life Financial, Canada’s two biggest life insurers, are increasing premiums to offset higher costs this year from inflation that has risen to a three-decade high, executives said on Thursday. A 50-basis-point increase in fixed income yields would also translate into a C$1.85 billion ($1.5 billion) …

Manulife, Sun Life say they are raising premiums to offset cost inflation Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investment firm Macellum Advisors GP LLC said on Thursday that it is seeking to take control of retailer Kohl’s Corp’s board and has nominated 10 directors. Macellum, led by Jonathan Duskin, has criticized Kohl’s for not doing enough to improve its business and has publicly called for the …

Macellum nominates 10 to retailer Kohl’s board Read More »

By Tom Wilson and Hannah Lang LONDON/WASHINGTON (Reuters) – Coinbase Global has removed ‘how to buy’ instructions for at least three crypto tokens which have been the subject of ‘rug pull’ warnings that investors may lose their money, saying on Thursday it plans to improve safeguards. Jaclyn Sales, a spokesperson for Coinbase, said the links …

Coinbase removes cryptocurrency links after ‘rug pull’ warnings Read More »

By Mehr Bedi (Reuters) -Cereal maker Kellogg Co forecast full-year profit growth above market expectations on Thursday, riding on higher product prices that helped overcome labor strike disruptions and soaring input costs in the fourth quarter. Increasing costs for freight and ingredients such as wheat, corn and edible oils due to global supply chain snarls …

Kellogg annual profit view crunches estimates on price hikes Read More »