Business Stories from May 18, 2022 (Change date)
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UN drops forecast for global economic growth in 2022 to 3.1%May 18, 2022 7:00 am - UNITED NATIONS (AP) - The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine ...
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Asian shares track Wall Street's inflation-fueled retreatMay 18, 2022 7:00 am - TOKYO (AP) - Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries ...
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Davos returns from pandemic with Ukraine, climate in mindMay 18, 2022 7:00 am - GENEVA (AP) - After a nearly 2-1/2-year hiatus because of the coronavirus pandemic, the Swiss town of Davos is set to again host global elites from business, government ...
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Target, Lowe's fall; TJX, Agilysys riseMay 18, 2022 7:00 am - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $53.67 to $161.61. The retailer's first-quarter profits were s...
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Japan records trade deficit as imports surge on energy costsMay 18, 2022 7:00 am - TOKYO (AP) - Japan recorded a trade deficit in April as its imports ballooned 28% due to soaring energy costs and the yen's weakness against the dollar. Japan's trade d...
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Court: Some rail rate talks allowed in price-fixing suitsMay 18, 2022 7:00 am - OMAHA, Neb. (AP) - A federal appeals court has ruled that details of some of the conversations between the nation's four largest railroads about their rates can now be i...
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Google's Russian business plans to file for bankruptcyMay 18, 2022 7:00 am - LONDON (AP) - Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers. Russian state media reported Wednesday tha...
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Grains lower, Livestock mixedMay 18, 2022 7:00 am - Wheat for Jul. declined 46.75 cents at $12.3075 a bushel; Jul. corn dropped 19.25 cents at $7.8150 a bushel, Jul. oats fell 12 cents at $6.4175 a bushel; while Jul. soyb...
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Consumers shift again, flummoxing big retailers like TargetMay 18, 2022 7:00 am - NEW YORK (AP) - The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they're tripping up retailers again. That dyn...
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Big dreams for new Warner Bros. Discovery in ad presentationMay 18, 2022 7:00 am - In what was essentially a public debut on Wednesday, leaders of the new Warner Bros. Discovery portrayed the media giant as effectively a fifth U.S. broadcast television...