Uber’s stock surges on positive trends despite big Q2 loss
Uber’s effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a…
AP Wire
BP earnings soar as energy firm profits from rising prices
LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy…
India announces a $100 million credit line to the Maldives
NEW DELHI — India will give a $100 million line of credit to the Maldives to support development projects, Prime Minister Narendra Modi said today…
Valvoline to sell its global products arm to Saudi’s Aramco
DUBAI, United Arab Emirates — Saudi Aramco announced a $2.65 billion agreement today to acquire Valvoline’s global products business, which includes motor oils, transmission fluids,…
Alibaba striving to maintain US listing amid delisting fears
HONG KONG — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days…
How to recession-proof your life amid economic uncertainty
NEW YORK — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The…
P&G’s sales climb in Q4, but cautious on fiscal 2023 outlook
Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products maker gave a lackluster fiscal 2023 sales forecast…
Inflation and wage data suggest US prices will keep climbing
WASHINGTON (AP) — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from…
Unprecedented profit for major oil drillers as prices soared
NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline,…
US reaches deal with Moderna for omicron COVID-19 vaccine
WASHINGTON — The Biden administration said today it has reached an agreement with Moderna to buy 66 million doses of the company’s next generation of…