More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street FridayBy DAMIAN J. TROISE and ALEX VEIGA AP Business WritersApril 29, 2022, 9:35 PM• 5 min readNEW YORK — The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to…
Russia’s war heats up cooking oil prices in global squeeze
Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent those costs spiralingBy DEE-ANN DURBIN, AYSE WIETING and KELVIN CHAN Associated PressApril 26, 2022, 9:06 AM• 7 min readISTANBUL — For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil…
Even as inflation bites, corporate profits remain flush
What’s immune to high inflationBy STAN CHOE AP Business WriterMarch 30, 2022, 4:20 PM• 6 min readNEW YORK — What’s immune to high inflation? So far, the profits at big U.S. companies.Businesses are facing higher gasoline and heating bills, just like consumers, in addition to higher expenses for labor and raw materials. But unlike many…