Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May

[ad_1] Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. “It is appropriate in my view to be moving a little more quickly” to raise interest rates, Powell said while part of an International Monetary Fund … Read more

Diesel fuel is in short supply as prices surge — Here’s what that means for inflation

[ad_1] The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains and … Read more

Singapore further eases Covid measures, removes tests for fully vaccinated travelers

Singapore further eases Covid measures

[ad_1] Singapore is set to ease most Covid measures from April 26, authorities said. Lauryn Ishak | Bloomberg | Getty Images SINGAPORE — Singapore is set to remove nearly all virus safety measures from Tuesday as the city-state seeks to return to pre-Covid living, authorities announced on Friday. There will be no more social distancing … Read more

U.S. labor board sues Starbucks over union retaliation claims

U.S. labor board sues Starbucks over union retaliation claims

[ad_1] Members react during Starbucks union vote in Buffalo, New York, U.S., December 9, 2021. Lindsay DeDario | Reuters U.S. labor officials are petitioning a federal court to force Starbucks to bring back activist employees who they say were removed for their union campaigning, according to a Friday filing. The National Labor Relations Board’s Phoenix … Read more

Movie theater owners are optimistic ticket sales can continue to recover as the key summer season approaches

Movie theater owners are optimistic ticket sales can continue to recover

[ad_1] Still from “Doctor Strange in the Multiverse of Madness.” Disney Superhero flicks have kept the box office afloat this year, spurring movie theater operators to think that audiences might finally be ready to return to cinemas en masse. Domestic ticket sales for the first four months of the year are still down around 40% … Read more

Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%

Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%

[ad_1] Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers drank more of its namesake soda, Powerade and Costa coffee. But CEO James Quincey told CNBC’s Sara Eisen that despite the strong quarter, there are “storm clouds” on the horizon. The company largely weathered inflationary challenges during the first quarter and maintained … Read more

SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years

SpaceX launches Crew-4 mission for NASA,

[ad_1] A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani | NASA SpaceX launched a group of astronauts for NASA early Wednesday morning, with Elon Musk’s company now having sent 26 people to orbit in less than … Read more