Oil producer stocks and U.S. crude oil futures jumped Tuesday after President Joe Biden on Monday called for oil companies to pay higher taxes to lower fuel costs for consumers. Exxon…
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BusinessEconomyFeaturedNews
Maersk warns global trade indicators at ‘dark red’ on looming recession
by Nate Sharpby Nate SharpGlobal trade is likely to slow this year as western economies tip into recession, according to the chief executive of the world’s second-largest container shipping group AP Møller-Maersk. Søren Skou,…
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BusinessEconomyFeaturedNews
Amazon sell-off pushes market cap below $1 trillion for first time since April 2020
Amazon has exited the trillion-dollar club. Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since April 2020. The sell-off has…
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BusinessEconomyEuropeFeaturedNews
Ford’s October sales slide 10% amid supply chain issues
by Rio Spencerby Rio SpencerDETROIT – Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. The Detroit automaker on Wednesday reported sales of…
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BusinessEconomyFeaturedNews
CVS Health raises outlook as third quarter results beat estimates
by Rio Spencerby Rio SpencerCVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed compared to Wall analysts’ estimates, according to Refinitiv: Earnings per share $2.09…
