By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar slumped to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations that the[...]
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Business
US FDA reviewing concerns over Logan Paul’s PRIME energy drink
(Reuters) – The U.S. Food and Drug Administration said on Wednesday it is reviewing concerns raised by Senate Majority Leader Chuck Schumer against a popular influencer-created energy drink. Sch[...]
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Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled by optimism over artificial intelligence (AI) and a[...]
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US small business lending holding up despite higher cost of credit
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under the Federal Reserve’s aggressive interest rate hikes[...]
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Conagra forecasts dour profit as higher prices curb demand
By Aatrayee Chatterjee and Mehr Bedi (Reuters) -Conagra Brands Inc on Thursday forecast annual sales and profit below Wall Street estimates, in a sign that the packaged food giant was starting to face[...]
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Argentina’s economic woes spark ‘supermarket tourism’ from neighbors
By Horacio Soria and Lucinda Elliott MONTEVIDEO (Reuters) – Uruguayans are crossing into Argentina to shop for cheap food and fuel in their economic crisis-hit neighbor, but the trend is plungin[...]
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Disney wants to keep ESPN, could offload some traditional TV assets – Iger
(Reuters) -Walt Disney wants to keep ESPN and will look for strategic partners to form a joint venture or buy a stake in the sports network to help take it directly to consumers, CEO Robert Iger said[...]
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PepsiCo lifts annual forecasts again on price hikes, steady demand
By Ananya Mariam Rajesh (Reuters) – PepsiCo Inc on Thursday raised its annual revenue and profit forecasts for the second time this year after the snacks and beverages giant comfortably beat qua[...]
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US producer prices barely rise in June; core PPI subsides
WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, more evidence that the economy had entered a[...]
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