Volkswagen Seeks to Regain Edge in China as It Cuts Delivery Forecast
The German automaker lowered its outlook for deliveries and announced changes to its China strategy as it struggles to regain ground lost to other automakers.
Shell Reports Sharply Lower Earnings as Energy Prices Ease
After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.
Posted inBeverages Company Reports Federal Reserve System Food Inflation (Economics) Pepsico Inc Prices (Fares, Fees and Rates) Unilever NV United States Economy
Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter
The company’s profit topped $20 billion as it pointed to strong interest in its artificial intelligence products.