MasterCard: Q3 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported third-quarter earnings of $2.41 billion. The company said it had net income of $2.44 per share. Earnings, adjusted…
AP Wire
Oil chiefs set to testify at landmark congressional hearing
WASHINGTON — Top executives at ExxonMobil and other oil giants are set to testify at a landmark House hearing today as congressional Democrats investigate what…
Retail trade group: Holiday sales could set record
NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects that holiday sales gain could shatter last year’s record-breaking season…
Exacerbated by pandemic, child care crisis hampers economy
SEATTLE — After Bryan Kang’s son was born in July, the occupational therapist and his wife, a teacher, started looking for child care in the…
Concert halls, dining rooms open doors; Coke sales rebound
Coca-Cola Co. is getting its fizz back. Revenue jumped 16% to $10 billion in the third quarter as stadiums, movie theaters and other venues reopened…
McDonald’s sales surged 14% as virus restrictions eased
Higher menu prices aren’t yet denting demand for McDonald’s, which reported stronger-than-expected sales in the third quarter. Revenue jumped 14% to $6.2 billion in the…
Ford, GM profits fall as sales drop due to chip shortage
DETROIT — The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily…
UK Treasury chief hails economic rebound from pandemic
LONDON — Britain’s Treasury chief Rishi Sunak is painting a relatively rosy picture of the state of the British economy following the country’s deepest recession…
“Buy it when you see it.” Retailers dread holiday shortages
NEW YORK — The Perfect Pigg, a gift shop owned by Ginger Pigg, is the go-to place for residents of Cumming, Ga., to pick up…
US consumer confidence rebounds in October after 3 declines
SILVER SPRING, Md. — U.S. consumer confidence rose in October after three straight declines as the public’s anxiety about the delta variant of the coronavirus…