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Business

“Toyota’s profits rise 78% on strong sales as the parts crunch eases”

“…Toyota Motor Corp.’s April-June net profit rose 78% from 736.8 billion yen the previous year, the company reported Tuesday. Quarterly sales edged up 24% to 10.5 trillion yen ($74 billion) as vehicle sales improved on-year across major markets, including Japan… Continue Reading…

Economy

“More than two-thirds of Americans’ financial situation did not improve or stayed the same in 2022…”

“This year has stressed the finances of many Americans. According to a recent Credit Karma study, 68% of American adults said their finances either didn’t improve or stayed the same in 2022. The most common financial mistake cited by the study’s respondents was not saving… Continue Reading…

Economy

“U.S. gasoline shortage improves, some regions still suffer hefty outages”

“Even with outages slightly easing in many states, at least a third of gas stations were without fuel in Maryland, Virginia and Georgia, according to tracking firm GasBuddy. Roughly half of the stations in the Carolinas were lacking gasoline, and… Continue Reading…

Business

“Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve”

“Delta and its competitors continue to lose money but have grown upbeat about an improvement in bookings as more travelers are vaccinated, travel restrictions lift and more attractions reopen. The airline said domestic leisure bookings recovered to about 85% of 2019 levels, though… Continue Reading…

Economy

“U.S. labor market unexpectedly improves; recovery years away”

“The Labor Department’s closely watched employment report on Friday also showed the jobless rate falling to 13.3% last month from 14.7% in April, a post World War Two high. But the improvement was unequal, with the unemployment rate for whites… Continue Reading…

Economy

“Worst May Be Over for Global Economy Amid Signs of Stabilization”

“A wave of interest-rate cuts by central banks including the Federal Reserve and mounting hopes of a U.S.-China trade deal are buoying confidence in financial markets just as key economic indicators show signs of stabilization after recent declines. …the relative… Continue Reading…