(Reuters) -Walgreens Boots Alliance on Thursday cut its profit forecast for fiscal year 2024 and said it would close more underperforming U.S. stores as weak consumer spending hurts its retail operations. Shares of the Illinois-based company fell more than 15% in premarket trading, after having declined 40% for the year so far. Without specifying the […]
Winds as high as 86 mph swept through the Topeka area between 1 and 2 a.m. Wednesday, leaving thousands of homes and businesses without electrical power. More than 11,800 Topeka-area customers of the Evergy electrical utility were without power shortly after 6 a.m., according to the power outage map website it maintains. By 7:15 a.m., […]
(Bloomberg) — Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest-rate path: a whopping 3 percentage points worth of cuts in the next nine months. Most Read from Bloomberg Over the past three sessions, positioning in the options market linked to the Secured Overnight Financing Rate shows […]
(Reuters) -FedEx forecast 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of the company rose more than 16% in trading after the bell, while those of rival United Parcel Service were […]
In June 2022, the Consumer Price Index (CPI) measure of inflation hit an annualized rate of 9.1%, which was the highest level in 40 years, and far above the U.S. Federal Reserve’s target of 2%. To bring it down, the Fed aggressively hiked the federal funds rate from a historic low of 0.25% all the […]
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing […]
CNN anchor Kasie Hunt stopped an interview Monday with a top spokesperson for former President Trump’s campaign after she repeatedly attacked two CNN anchors who are slated to host this week’s presidential debate. Hunt asked Trump national press secretary Karoline Leavitt what Trump “is gonna to do differently on the debate stage this time,” drawing […]
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing […]
Steak is a great source of protein, iron, and many other vitamins and minerals. However, the nutritional benefits of steak can easily be outweighed by its unhealthy elements. It doesn’t take a genius to see the recurring theme in the unhealthiest cuts of meat: they are all particularly high in fat, saturated fat, and cholesterol. […]
(Bloomberg) — The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Most Read from Bloomberg Economists expect no change in the May personal consumption expenditures price index and a minimal […]
At least 244 Aer Lingus flights are now cancelled next week due to pilots’ industrial action, the airline has confirmed. Earlier this week the Irish Airline Pilots Association (IALPA) served notice of an indefinite work-to-rule from Wednesday 26 June as part of an ongoing pay dispute. On Friday IALPA members at Aer Lingus said they […]
Newsroom employees of The Daily Herald in Everett, Wash. gathered June 18, 2024. Seven of those pictured received layoff notices the next day. (Courtesy photo) At 123 years old, The Daily Herald is tightly woven into the fabric of Snohomish County, its reporters and readers knitted together through generations. There’ve been presidential visits, political scandals, […]