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Russia Boosts Rates as Ukraine War Costs Mount
Business

Russia Boosts Rates as Ukraine War Costs Mount

The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link

Ukraine to Seize Bank to Curb Moscow's Influence
Business

Ukraine to Seize Bank to Curb Moscow's Influence

Sense Bank, formerly known as Alfa Bank-Ukraine, is regarded as a symbol of Russia’s involvement in Ukraine’s financial and political affairs. Source link

Streaming Brought Hollywood to a Standstill. Now Comes the Pain.
Business

Streaming Brought Hollywood to a Standstill. Now Comes the Pain.

Hollywood’s biggest strike in 60 years is exposing industry fault lines, with traditional entertainment companies expected to take a near-term hit while streamers are better

Untangling the U.S. From China's Economy Is Messy
Business

Untangling the U.S. From China's Economy Is Messy

The effort to move supply chains out of China is complicated by intertwined Asian markets and Chinese dominance in clean-energy technology. Source link

Americans Feel Better About the Economy. Should We Believe Them?
Business

Americans Feel Better About the Economy. Should We Believe Them?

Two key measures of consumer confidence offer a complicated view of economic sentiment. Source link

Sergey Brin Is Back in the Trenches at Google
Business

Sergey Brin Is Back in the Trenches at Google

Co-founder is working alongside AI researchers at tech giant’s headquarters, aiding efforts to build powerful Gemini system. Source link

United Airlines Scaling Back Flights at Newark Airport
Business

United Airlines Scaling Back Flights at Newark Airport

The carrier is reassessing Newark, N.J., operations after June flight cancellations, while United and American boosted their profit forecasts as summer travel booms. Source link

AMC Drops Plan to Charge More for Better Seats
Business

AMC Drops Plan to Charge More for Better Seats

AMC Entertainment is ending a plan that adjusted ticket prices based on where viewers sat after a lackluster response from moviegoers. Source link

J&J Revenue Up on Surge in Heart Procedures
Business

J&J Revenue Up on Surge in Heart Procedures

Net earnings at the pharmaceutical company rose 6.9% to $5.14 billion, or $1.96 a share. Source link

Insurers Aim to Boost Rates
Business

Facing Big Storm Losses, Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.