Kohl’s: Fiscal Q1 earnings snapshot
MENOMONEE FALLS, Wis. — Kohl’s Corp. today reported fiscal first-quarter earnings of $14 million. The company said it had net income of 11 cents per…
AP Wire
Park outdoors: Ford recalls SUVs due to engine fire risk
DETROIT — Ford is asking the owners of 350,000 vehicles in United States to take them to dealers for repairs in three recalls, including about…
UN drops forecast for global economic growth in 2022 to 3.1%
UNITED NATIONS — The United Nations today significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in…
US, banks, unveil plan to ease food crisis from Russia’s war
BONN, Germany — The U.S., several global development banks and other groups unveiled a multi-billion dollar plan today meant to address a worldwide food security…
Target feels inflation’s sting in Q1, shares plunge
NEW YORK — Target took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most…
EU rushes out $300 billion roadmap to ditch Russian energy
BRUSSELS — The European Union’s executive arm moved today to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in…
Lowe’s: Fiscal Q1 earnings snapshot
MOORESVILLE, N.C. — Lowe’s Cos. today reported fiscal first-quarter earnings of $2.33 billion. On a per-share basis, the company said it had profit of $3.51….
UK inflation hits 40-year high amid Russia’s war in Ukraine
LONDON — Britain’s inflation rate rose to the highest level in 40 years last month as Russia’s war in Ukraine fueled further increases in food…
FDA clears COVID booster shot for healthy kids ages 5 to 11
U.S. regulators today authorized a COVID-19 booster shot for healthy 5- to 11-year-olds, hoping an extra vaccine dose will enhance their protection as infections once…
Retail sales rise 0.9% in April as consumers show resilience
WASHINGTON — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists…