While inflationary pressures will weigh on its profitability, demand pressures – especially in the rural market – are expected to hit the firm’s revenues. Ram Prasad Sahu reports. There are multiple near-term worries for the stock of India’s largest listed consumer company, Hindustan Unilever (HUL). While inflationary pressures will weigh […]

Barrie Youngfellow, who starred in the ’80s sitcom It’s a Living, died on Monday night, according to her family. She was 75. A cause of death was not disclosed. “[Barrie] was the best of friends and had many loyal ones. Loved a good story and a nice bottle,” the family […]

New York (CNN)Alaska Airlines canceled dozens of flights this weekend as its pilots held informational pickets in numerous cities throughout the United States in an almost 3-year-long deadlock in contract negotiations with the airline. On Friday, Alaska Air canceled 111 flights, or 15% of its operations, according to flight tracking […]

At a time when banks are engaged in a fierce battle to gain market share in the credit card segment, Citibank India has been losing its share, both in terms of outstanding cards and spends in the last few years. Still, average spends on Citi cards are higher than any […]

Markets braced for the outcome of the meetings between the U.S. and its European allies amidst the war in eastern Europe. Fears of a potential delisting of Chinese tech stocks and of faster rate hikes by the Fed also impacted sentiment across stocks, currencies, bonds, commodities and cryptocurrencies. Here is […]

The CDC announced this week that the BA.2 Omicron variant, which is reportedly 30% more transmissible than the original BA.1 Omicron strain — has become dominant among new cases sequenced in the United States. That’s a startling rise for a variant that was less than 1% of all sequences as […]

Historians date the beginning of the automobile era back to 1885, when a German mechanical engineer named Karl Benz began production of his Benz Patent Motorcar — but America soon started catching up after a couple of Massachusetts bicycle mechanics, Charles and J. Frank Duryea, designed their own car in […]

Stocks moved sharply higher over the course of the trading day on Thursday, offsetting the pullback seen in the previous sessions. With the strong move back to the upside, the Nasdaq and the S&P 500 ended the session at their best closing levels in over a month. The major averages […]

Stocks moved mostly higher in early trading on Thursday and have seen some further upside over the course of the session. With the upward move, the major averages have partly offset the steep losses posted on Wednesday. Currently, the major averages are off their best levels of the day but […]

As Russia’s invasion of Ukraine enters its second month, satellite imagery has confirmed that Ukraine recently sunk a Russian Navy ship that was docked at the Russian-occupied port of Berdyansk, 50 miles west of Mariupol. Two smaller Russian ships fled the scene of the attack – one of them on […]