Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more
Australian motorists are copping the cost of volatile world oil prices, but relief could be in sight. Drivers in Brisbane bore the brunt of record petrol prices this year with the Queensland capital the nation’s most expensive city to put fuel in the tank. Regular unleaded cost on average 193.4 cents per litre, an NRMA … Read more
Mumbai: Hero MotoCorp rose 2.9% to an all-time closing high of ₹4,174 in Thursday’s trading, as the recent bullish wave has resulted in a technical breakout in stock, opening the likelihood of further gains of as much as 56% from current levels. Analysts are recommending investors to buy the stock on dips as business prospects … Read more
HARRISBURG, Pa. — Pennsylvania recorded a steep increase in the deaths of older adults following an abuse or neglect complaint the last few years, as COVID-19 ravaged the nation, complaints grew and agencies struggled to keep caseworkers on staff. The staggering increase shown in state data — from 120 deaths reported in 2017 to almost … Read more
Last week we reported on Daihatsu halting sales and shipments of all of its cars amid a probe into the Toyota subsidiary rigging safety tests of 64 different models, and now the situation has gotten even worse. On Wednesday, CNN reported that Daihatsu has now stopped production at all four of its Japanese factories, with … Read more
WASHINGTON — New obesity drugs are showing promising results in helping some people shed pounds but the injections will remain out of reach for millions of older Americans because Medicare is forbidden to cover such medications. Drugmakers and a wide-ranging and growing bipartisan coalition of lawmakers are gearing up to push for that to change … Read more
Automakers and some startups are hoping to win over buyers who might want to consider an EV but don’t want to be locked into a long term purchase by introducing microleases. These terms, often for a year or less, are being billed as a way to get people to try EVs or as a stopgap … Read more
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest quality issue to affect the manufacturer’s best-selling jetliner. The manufacturer … Read more
KYIV, Ukraine — Russian occupation authorities vastly and deliberately undercounted the dead in one of the most devastating chapters of the 22-month war in Ukraine — the flooding that followed the catastrophic explosion that destroyed the Kakhovka Dam in the southern Kherson region. The AP’s reporting focused on Oleshky, one town in the vast area … Read more
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are … Read more
