SYDNEY (Reuters) – A measure of Australian consumer sentiment fell for a third month in February as higher living costs from petrol to rent undermined finances and overshadowed an easing in coronavirus cases. The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday slipped 1.3% in February from January, when it dropped 2.0%. The index …
Australian consumer sentiment slips in Feb as inflation bites Read More »
By Manas Mishra and Michael Erman (Reuters) – Pfizer Inc said on Tuesday it expects 2022 sales of its COVID-19 vaccine and antiviral pill to top $54 billion, but that fell short of lofty Wall Street estimates and its shares were off about 3%. Still, Chief Executive Albert Bourla said final sales for its oral …
Pfizer’s COVID product sales to top $50 billion this year, investors want more Read More »
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil said on Tuesday its fourth quarter net profit more than tripled from the year-ago period, boosted by its sale of its TracFone wireless unit to Verizon Communications Inc. The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 135.6 …
Mexico’s America Movil says Tracfone deal helped triple quarterly net profit Read More »
(Reuters) -Nikola Corp’s supply-chain department is “intact” and it continues to hire, the electric-truck maker said on Tuesday, in response to a report that it had hit pause on hiring amid executive exits. “The supply chain department has been intentionally strengthened with new and existing leadership,” the company said in a statement. “Nikola is focusing …
Nikola responds to hiring freeze report, says supply-chain department intact Read More »
SAO PAULO (Reuters) – Brazilian lender Banco Bradesco on Tuesday posted fourth-quarter net income slightly below analysts’ estimates, but indicated a bright outlook for 2022 despite dim growth forecasts for Latin America’s biggest economy. Bradesco’s recurring net income, which excludes one-off items, totaled 6.613 billion reais ($1.26 billion), below a Refinitiv analyst consensus of 6.916 …
Banco Bradesco profit down, 2022 outlook positive Read More »
By Praveen Paramasivam and Hilary Russ (Reuters) – Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly profits and comparable sales on Tuesday as higher demand and prices for its burritos and rice bowls helped the restaurant chain shrug off a knock from the Omicron variant. Shares in the company rose more than 8% …
Chipotle profits beat expectations despite higher costs, Omicron Read More »
By Jody Godoy (Reuters) – A U.S. judge on Tuesday upheld a rule that allows national banks to sell loans without adhering to state interest rate caps, rejecting three states’ claims that the rule invites abuse. Judge Jeffrey White in San Francisco found that the Office of the Comptroller of the Currency (OCC) did not …
California cannot block rule it says invites predatory lending Read More »
By Jarrett Renshaw and Nandita Bose WASHINGTON (Reuters) -President Joe Biden on Tuesday announced that an Australian company that makes chargers for electric vehicles will build a manufacturing facility in Tennessee, while reiterating his commitment to turn the U.S. government’s fleet of cars electric. The new plant will produce up to 30,000 electric vehicle chargers …
Biden touts ‘American manufacturing comeback,’ announces Tennessee charger plant Read More »
By Subrat Patnaik and Aishwarya Nair (Reuters) -Peloton Interactive Inc will replace its chief executive and cut about 2,800 jobs, the company said on Tuesday, as the exercise bike maker looks to revitalize sagging sales and win back investor confidence. John Foley, Peloton’s co-founder who has led the company for nearly a decade, will step …
WASHINGTON (Reuters) -The Biden administration is in talks with both oil-producing and consuming countries to tackle high oil prices, White House spokeswoman Jen Psaki said on Tuesday, adding that all options are on the table. “With oil producing countries, we’re talking about proposed production increases. With oil consuming countries, we’re talking about releases from strategic …
All options on the table to address high oil prices, White House says Read More »
