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DETROIT (AP) — U.S. traffic fatalities began to climb two years ago and that deadly trend is continuing in 2022. Roadway deaths rose 7% during the first three months of the year to 9,560 people, the highest number for a first quarter in two decades, according to estimates by the National Highway Traffic Safety Administration. Traffic deaths have risen ever since pandemic lockdowns eased in 2020 as people returned to work and started taking more road trips. People drove about 40 billion more mile
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering.
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced results for the First Half of 2022 and select results for the Second Quarter of 2022. Swvl's condensed unaudited interim financial statements for the six-month periods ended June 30, 2022 and 2021, and supplementary information are available on Swvl's website here.
Tredence Inc., a leading data science solutions provider focused on solving the last mile problem in AI, has announced capability development investments and partnerships to expand and strengthen its 'data on cloud' migration and modernization solutions that will accelerate Data and AI outcomes for its enterprise customers.
SANTIAGO (Reuters) -Chile's gross domestic product came in below expectations in the second quarter of 2022, central bank data showed on Thursday, leading economists to forecast a potential recession as pandemic-related stimulus is unwound. The performance highlighted Chile's struggle to grow as the central bank aggressively tightens its monetary policy to tame soaring inflation, which reached a near three-decade high last month. "Chile's economy merely stagnated in Q2 and the chances are high that it will fall into recession over the second half of the year," Capital Economics' Latin America economist Kimberley Sperrfechter said in a note.
These two Canadian energy stocks look really attractive to buy amid the ongoing oil and gas sector-wide correction. The post 2 Hot Canadian Energy Stocks to Buy Amid the Ongoing Correction appeared first on The Motley Fool Canada.
(Reuters) -Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflation, sending its shares down 5%. The U.S. department store chain joined top retailers including Target Corp and Best Buy Co to warn of a profit squeeze, as decades-high inflation has made Americans wary of opening their wallets for apparel and other discretionary goods. The demand slump has left several retailers with bloated inventories, forcing them to offload excess stocks through steep discounts and clearance sales heading into the back-to-school season.
Musk has a history of being unconventional, posting irreverent tweets. Below are some other tweets by Musk - who has more than 103 million followers - which have taken investors, Twitter users, Twitter's board and the rest of his audience by surprise. May 13, 2022: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
Get paid decent dividend income while you wait for price appreciation from this diversified group of TSX growth stocks. The post 3 TSX Growth Stocks That Pay You to Wait appeared first on The Motley Fool Canada.
Pioneered by Wheaton, the streaming model is a type of alternative financing in the mining industry in which funds are provided upfront to a miner in exchange for the sale of a fixed amount of future production, usually by-product, at a discounted price. Glencore had entered the Yauliyacu silver streaming transaction with Wheaton in 2006 for an upfront payment of $285 million.
Cenovus stock (TSX:CVE)(NYSE:CVE) and these two other energy stocks have been the biggest growth stocks of 2022 so far. The post The 3 Best Growth Stocks of 2022 appeared first on The Motley Fool Canada.
ANKARA, Turkey (AP) — Turkey’s central bank on Thursday lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for people to buy what they need, falling in line with the unorthodox economic views of the country's president. In a statement following a monetary policy committee meeting, the bank said it decided to reduce the policy rate from 14% to 13%. President Recep Tayyip Erdogan has pressured the bank into lowering borrowing costs in a bid to boost econo
Passive-income stocks like BCE (TSX:BCE)(NYSE:BCE) should be on your radar. The post 3 Canadian Dividend Aristocrats to Buy for Passive Income Forever appeared first on The Motley Fool Canada.
The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden. The central bank for the 19-country bloc surprised investors with a 50-basis-point rate hike last month fearing that inflation, now approaching double digit territory, was at risk of getting entrenched. That move was not enough to alter the inflation outlook, however, and even a recession on its own would not be enough to tame price pressures, said Schnabel, the head of the ECB's market operations.
Here’s one of the best TSX energy stocks investors can buy now and hold forever. The post 1 Top TSX Energy Stock to Buy and Hold Forever appeared first on The Motley Fool Canada.
LVIV, Ukraine (AP) — Turkey's leader and the U.N. chief met in Ukraine with President Volodymr Zelenskyy on Thursday in a high-powered bid to ratchet down a war raging for nearly six months. But little immediate progress was reported. Turkish President Recep Tayyip Erdogan said he would follow up with Russian President Vladimir Putin, given that most of the matters discussed would require the Kremlin's agreement. With the meetings held at such a high level — it was the first visit to Ukraine by
LONDON (AP) — Thousands of train workers in Britain staged a new round of strikes Thursday, paralyzing rail service across the country in an escalating dispute over pay and working conditions exacerbated by a deepening cost-of-living crisis. Only around one in five trains ran across the U.K. as a result of the walkout by union members, who have already staged multiple strikes in recent months. A strike planned for Friday is expected to affect most of the London Underground subway network as well
As concerns grow about Canada's ability to hit its 2030 climate targets, World Animal Protection, in conjunction with Navius Research, is releasing a new report that shows if Canadians move from a high-meat consumption diet to a low-meat consumption one (a 50% reduction by 2030 and an 80% reduction by 2050), the impacts on greenhouse gas emissions would be significant enough to put Canada back on track to meet its 2030 and 2050 climate targets.
There are some stellar stocks to buy now and hold until retirement. Here's a look at two options if you have $5,000. The post Got $5,000? Buy These 2 Stocks and Hold Until Retirement appeared first on The Motley Fool Canada.
(Reuters) -Target Corp reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods. As Target relies more on discretionary categories, it is prone to take a bigger hit during tougher times than its rivals such as Walmart Inc, where groceries and packaged food items get more shelf space. Walmart beat profit estimates as its core base of low-to-middle income shoppers flocked to its stores for bargains on groceries.