High inflation? A generation of investors has never felt it
NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic is…
AP Wire
Daimler Truck to shift spending to battery, hydrogen rigs
FRANKFURT, Germany — Daimler’s truck and bus division says it plans to shift most of its vehicle development resources to zero-emission vehicles by 2025 and…
New Ford venture to build 2 electric vehicle battery plants
DETROIT — Ford is forming a joint venture with one of its battery suppliers that will build two North American factories to make batteries for…
US jobless claims decline to 444,000, a new pandemic low
WASHINGTON — The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market…
Oat milk maker Oatly to raise $1.4 billion in public debut
Oatly, the world’s largest oat milk company, will raise $1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, capitalizing on a…
Kohl’s: Fiscal Q1 earnings snapshot
MENOMONEE FALLS, Wis. — Kohl’s Corp. today reported fiscal first-quarter net income of $14 million, after reporting a loss in the same period a year…
Petco: Q1 earnings snapshot
SAN DIEGO — Petco Health & Wellness Co. today reported earnings of $7.6 million in its first quarter. On a per-share basis, the San Diego-based…
Hormel: Fiscal Q2 earnings snapshot
AUSTIN, Minn. — Hormel Foods Corp. today reported fiscal second-quarter profit of $227.9 million. On a per-share basis, the company said it had net income…
Founder of TikTok’s Chinese owner stepping down as CEO
BEIJING — The founder of TikTok’s Chinese owner said today he will give up his job as CEO to focus on longer-term initiatives, a step…
EU ministers seek to cement trade ties with Biden team
BRUSSELS — European Union and U.S. top trade officials today will seek to further cement recent advances in settling some key differences that have soured…