Tag: Inflation
US job openings fall to 8.5 million in March, the lowest level in more than 3 years
WASHINGTON -- U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels...
Powell likely to signal that lower inflation is needed before Fed would cut rates
WASHINGTON -- After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this...
Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2
Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the...
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
NEW YORK -- Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising...
Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues
Rapidly climbing sales of the new obesity drug Zepbound and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.The...
Walmart launches store-label food brand as it seeks to appeal to younger shoppers
NEW YORK -- Walmart said Tuesday it is launching its biggest store-label food brand in 20 years in terms of its breadth of...