By Ann Saphir (Reuters) – The U.S. economy is going to temporarily see “a little higher” inflation this year as the economy strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is...
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Oil drops as coronavirus cases surge in Asia
By Laura Sanicola NEW YORK (Reuters) – Oil fell by $1 on Tuesday, pulling back from one-month highs, on fears that India, the world’s third-biggest oil importer, may impose restrictions as coronavirus infections and deaths...
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Tesla to launch self inspection over services in China
BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc will launch self-inspection and address customer service issues in China, it said on Weibo late on Tuesday. The statement comes after an unhappy customer clambered onto a...
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Bank of America investors back executive pay, directors
NEW YORK (Reuters) – A majority of Bank of America investors voted to approve the bank’s executive pay plans and to reelect the board’s directors at the bank’s annual shareholder meeting, held online on Tuesday....
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Gucci rebound drives Kering’s sales up 26% in first-quarter
PARIS (Reuters) – Sales at French luxury group Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus...
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Abbott sales miss signals slowing COVID-19 tests demand as vaccinations take off
(Reuters) -Abbott Laboratories fell short of first-quarter revenue estimates on Tuesday due to easing demand for some of its COVID-19 tests, stoking fears of slowing growth for the business as vaccinations gain steam across the globe. The...
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