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Soaring credit card swipe fees and fuel prices are to blame for today’s higher grocery prices, Kroger CEO Rodney McMullen said in court on Wednesday.Kroger and its rival Albertsons are currently battling a lawsuit from the FTC. The regulator is looking to block the proposed $24.6 billion merger between the…
By Lisandra Paraguassu BRASILIA (Reuters) – Last year’s record drought in the Amazon (NASDAQ:) and less than usual rainfall since caused river water levels to drop rapidly, hindering navigation by barges carrying grains for export and cutting off communities that depend on river transport. The Brazilian Geological Service (SGB) has…
As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Thursday, August 29, 2024. The U.S. economic calendar is packed with high-impact releases, including the Gross Domestic Product (GDP) report, Initial Jobless Claims, and…
Astronomers anticipate that a nearby exploding star could appear in the night skies across the Northern Hemisphere.The star is part of an eruptive two-star system called T Coronae Borealis, located 3,000 light years away.Every 80 years or so, one of the stars emits a powerful cosmic burst of energy called…
By Luciana Magalhaes and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazil’s state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 billion in 2021, three people familiar with the matter told Reuters. President…
A massive IT outage on Friday brought much of the US airline industry to a standstill, leaving thousands of flyers stranded in airports across the country during the height of the summer travel season.According to FlightAware data, more than 9,000 flights were delayed or canceled in the US alone. Major…
By Ahmed Aboulenein and Jody Godoy WASHINGTON (Reuters) – The consolidation of pharmacies and health insurance companies through years of deal making has led to a handful of pharmacy benefit managers exercising outsized influence over prescription drug prices, the U.S. Federal Trade Commission said on Tuesday. Pharmacy benefit managers, or…
Investing.com – European stock markets edged higher Monday, rebounding after the previous week’s losses, as investors await a deluge of key economic data and a policy-meeting from the Bank of England this week. At 05:20 ET (09:20 GMT), the in Germany traded 0.1% higher, the in France rose 0.1%, while…
By Sophie Yu, Casey Hall and Lisa Barrington BEIJING/SHANGHAI (Reuters) – A recovery in Chinese overseas travel from the COVID-19 pandemic is fading as rising costs and difficulties in securing visas cement a preference for local and short-haul destinations. The delay in a revival to pre-COVID levels by China’s outbound…
On May 1, CDC officials boarded Margaritaville at Sea, a Jimmy-Buffet-themed ship that welcomes 1,680 passengers, for an unexpected health inspection.The Vessel Sanitation Program officials gave the ship a failing grade. During the visit, they noted 65 issues on the ship, which resulted in an 83-point score. A score of…
