Home Depot Inc. said Tuesday it will spend $1 billion more in annualized compensation for its frontline hourly workers in the United States and Canada. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour. Wells Fargo analysts, however, said…
Dodge Maker Stellantis Posts Record Profit, Announces $4.5 Billion Payout to Shareholders
Car manufacturer Stellantis announced its full-year results on Wednesday, revealing that net profit rose 26 percent to $17.9 billion, the company’s highest annual profit on record. Stellantis disclosed the record-beating results in a Feb. 22 release, which attributed its financial performance partly on its ability to pass on higher manufacturing costs to customers in a…
US and Its Allies Will Tighten Screws on Russia’s Evasion of Sanctions, Says Treasury Department
February 22, 2023
admin
Asia & PacificBusiness & MarketsCanadaCompanieseconomic policieseconomyenergyEuropeInternationalInvestmentMarketsNational SecurityPolicies & ImpactsRussiaRussia-Ukraine WarsanctionsU.S. treasury departmentUKUSWally AdeyemoWorld
0 Comment
The United States and its allies will impose new sanctions this week on Russia in order to punish the Kremlin for the war in Ukraine. Deputy U.S. Treasury Secretary Wally Adeyemo announced on Feb. 21 further efforts to prevent Russia from evading sanctions and export controls, aimed at pressuring it to withdraw from its neighbor….
Norfolk Southern Lawsuits and Accident Reports Show Rail Tragedy a Common Hazard
It will take time, possibly years, to understand the cause and costs of the Feb. 3 train derailment in East Palestine, Ohio, that resulted in a fire, toxic chemical spill, and lingering environmental concerns. The National Transportation Safety Board (NTSB) is conducting a safety investigation to determine the probable cause of the derailment. Rail operator…
Walmart Executives Admit ‘Food Inflation’ Remains ‘Most Stubborn’
Top executives at Walmart highlighted the issue of elevated food inflation during a recent conference call while also pointing out that inflation in dry groceries is a much more significant problem compared to fresh groceries. “Generally speaking, food inflation has been the most stubborn of all the categories. So, we were in mid-double digits in…
Merck’s COVID-19 Drug Fails to Show ‘Statistically Significant Reduction’ in Infection Risk
The phase 3 clinical trial of Merck’s COVID-19 antiviral molnupiravir, branded as Lagevrio, has ended up in failure, as participants who took the medication did not exhibit any significant reduction in the risk of contracting the illness. The trial was conducted among 1,500 participants who randomly received Lagevrio or a placebo orally every 12 hours…
Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure. Shares of the retail giant rose 0.4 percent after the big-box retailer gave its weaker-than-expected outlook for the year ahead. The world’s largest retailer saw its full-year earnings forecast (pdf) fall below estimates, as…
Citigroup Expects ‘Less Hard’ Landing for Global Economy This Year
February 22, 2023
admin
Business & MarketsCitigroupCompanieseconomic policieseconomyglobalinflationInternationalMarketsrecessionWorld
0 Comment
Citigroup economists on Wednesday raised their global growth forecast slightly and see a “less hard” landing but still expect the world’s economy to grow at the slowest pace in 40 years. The Wall Street brokerage now sees global growth slowing this year to about 2.2 percent, 0.25 percent higher than their previous estimate due to…
Global Shares Follow Wall Street Lower in Rate Hike Fears
February 22, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy. France’s CAC 40 slipped nearly 0.8 percent in early trading to 7,252.50. Germany’s DAX fell 0.7 percent to 15,290.37. Britain’s FTSE 100 dropped 0.9 percent to 7,902.44. The futures for…
Spies Posing As Diplomats to Win Over Journalists: Intelligence Agency
February 21, 2023
admin
AustraliaAustralia-China RelationsBusiness & MarketsChinaChina-Australia RelationsCompaniesespionageInternationalInternational RelationsMedia & Big TechMike BurgessSpiesWorld
0 Comment
Foreign spies are posing as diplomats or reporters to engage and influence journalists, says Australia’s domestic spy chief Mike Burgess. In his wide-ranging Annual Threat Assessment speech, the head of the Australian Security Intelligence Organisation (ASIO) also revealed his agency recently disrupted a “hive of spies” implanted in society for many years. “I am telling…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta