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Tag: higher

Number of Children Arriving at Border Higher Than Expected: White House

White House press secretary Jen Psaki said Monday that the number of unaccompanied minors arriving at the U.S.-Mexico border was higher than the Biden administration had anticipated. Psaki made the remarks at a briefing at which she was asked to clarify the administration’s position on maintaining a Trump-era refugee cap of 15,000 admissions until May […]

United Airlines loss bigger than feared on higher fuel costs, capacity slide

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren April 19, 2021 (Reuters) -United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the […]

Chinese demand, higher prices boost BMW’s first-quarter earnings

FILE PHOTO: A BMW hybrid car stands near Rotterdam’s Erasmus bridge. REUTERS/Eva Plevier April 19, 2021 FRANKFURT (Reuters) – BMW’s first-quarter earnings bounced back more strongly than expected from a pandemic-ravaged first three months of last year, the German carmaker said on Monday, helped by higher prices and strong Chinese demand. In an unscheduled release, […]

Australia’s CBA expects home loan growth to push mortgage profit some 3% higher

FILE PHOTO: An office building with the Commonwealth Bank logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott/File Photo GLOBAL BUSINESS WEEK AHEAD April 15, 2021 By Paulina Duran SYDNEY (Reuters) -Commonwealth Bank of Australia (CBA), the country’s largest […]

Dollar bounces higher as traders brace for inflation data

FILE PHOTO: U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration April 12, 2021 By Tommy Wilkes LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming […]

Fed’s Clarida: Higher inflation continuing into 2022 would be relevant for policy

FILE PHOTO: Federal Reserve Vice Chair Richard Clarida reacts as he holds his phone during the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby/File Photo April 9, 2021 WASHINGTON (Reuters) – If an expected jump in inflation this year does not reverse going into 2022 the Fed […]

Erdogan’s central bank overhaul set up slower growth, higher inflation, economists say

FILE PHOTO: Turkish President Tayyip Erdogan addresses his supporters during the Grand Congress of his ruling AK Party in Ankara, Turkey, March 24, 2021. REUTERS/Umit Bektas/File Photo April 8, 2021 By Ali Kucukgocmen ANKARA (Reuters) – Turkish President Tayyip Erdogan set the stage for higher inflation and slower economic growth when he sacked a well-respected […]

Uber dangles higher pay to lure U.S. drivers back, but warns it will not last

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermi/File Photo April 8, 2021 By Tina Bellon (Reuters) -Uber Technologies Inc said U.S. drivers on their ride-hail platforms should take advantage of pay hikes as trip demand […]

Biden: Higher Tax Won’t Drive Corporations Away

Increasing the corporate tax rate eight percent will not drive companies out of the United States, President Joe Biden said Monday as he vowed not to negotiate on the proposed increase with Republicans. Speaking to reporters after arriving on The Ellipse in Washington, Biden said there’s no evidence that increasing the rate will compel companies […]

63 Percent of Americans Want Government to Buy US-Made Goods, Even at Higher Cost: Poll

A recent poll found that 63 percent of Americans want the government to buy goods made in the United States—even at a significantly higher cost. The Reuters-Ipsos poll, which was released on Tuesday, also showed that, while 69 percent of U.S. respondents believe a product being made in America is at least somewhat important, 37 […]