FRANKFURT—Deutsche Bank posted a better-than-expected 51 percent rise in second-quarter profit on Wednesday as investment banking revenues rose, though the lender was less optimistic about the division’s prospects for the full year and warned about the economic outlook. Germany’s largest lender also dropped its cost target for the full year and was more cautious about…
Deutsche Bank Extends Profit Streak in Q2 but Warns on Economy
July 27, 2022
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US Goods Trade Deficit Narrows Sharply; Core Capital Goods Shipments Strong
WASHINGTON—The U.S. trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk that the economy contracted again in the second quarter. The better-than-expected reports from the Commerce Department on Wednesday left economists scrambling to upgrade their gross domestic product estimates for the last quarter,…
McDonald’s Raises UK Cheeseburger Price for First Time in 14 Years
LONDON—McDonald’s will increase the price of its cheeseburger by 20 percent in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation. The cheeseburger’s price will now rise to 1.19 pounds from 99 pence. McDonald’s will also increase prices by 10p–20p for other items that have…
US Pending Home Sales Tumble in June as Mortgage Rate Soar
WASHINGTON—Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to reduce affordability for entry-level and first-time buyers. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, tumbled 8.6 percent to 91.0 last month….
NASA to Launch 2 More Choppers to Mars to Help Return Rocks
CAPE CANAVERAL, Fla.—NASA is launching two more mini helicopters to Mars in its effort to return Martian rocks and soil samples to Earth. Under the plan announced Wednesday, NASA’s Perseverance rover will do double duty and transport the cache to the rocket that will launch them off the red planet a decade from now. Perseverance…
Hawaii Couple Charged With Stealing IDs of Dead Texas Children
HONOLULU—A U.S. defense contractor and his wife who lived for decades under the identities of two dead Texas children have been charged with identity theft and conspiring against the government, according to federal court records unsealed in Honolulu. Walter Glenn Primrose and Gwynn Darle Morrison, both in their 60s, who allegedly lived for decades under…
US FAA Proposes New Passenger Planes Install Second Flight Deck Barrier
The Federal Aviation Administration (FAA) announced on Monday a proposal that would require new passenger airplanes have a second barrier to the flight deck, making hijackings and other intrusions of unwanted persons into the cockpit area more difficult on behalf of the safety of passengers. The FAA stated its proposed rule would apply to all…
2022 Volkswagen Tiguan SE
Volkswagen’s second generation Tiguan has been through a major refresh for the 2022 model year, with added standard technological features and a sharpened exterior. Digital Cockpit instrument cluster with an 8-inch display is now standard. By reorganizing and improving standard equipment, VW hopes to increase its foothold in the compact SUV segment. The ride has…
Junk Shuts Down Royals, Angels Cruise 4–0 to Take Series
KANSAS CITY, Mo.—Janson Junk didn’t get a chance to pitch when the Los Angeles Angels recalled him from Triple-A Salt Lake last month. He made the most of his time on the mound Wednesday. Junk dazzled the Angels with five-plus innings of four-hit ball, mixing up a fastball with a two-seam slider, and earned his…
Dodgers Strike Early, Avoid Sweep With 7–1 Win Over Nats
LOS ANGELES—The Washington Nationals’ hopes of pulling off one of the most improbable series sweeps in recent baseball history pretty much evaporated in the first inning. After a two-day stumble, the Dodgers are back on track—and they’re getting healthier, too. Hanser Alberto had a two-run double during the Dodgers’ six-run first inning, and Los Angeles…
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