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Four food banks told Reuters that demand is up between 46 and 125% since last spring, and that visits to their pantries are as high or higher than they were at the height of the pandemic. "But for food banks, we're still deep in a crisis." Food banks also feel the pinch: two organizations told Reuters their food costs are up 25 to 30% this year compared to last spring. Democrats in Congress negotiated a compromise with Republicans to end the benefits in exchange for a new summer food program for children. The Department of Agriculture (USDA) said in December that it would allocate an additional $1 billion to food banks to meet rising demand.

☆ AmEx profit takes a hit from reserve buildup as slowdown worries rise
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. "We're mindful of the mixed signals in the external environment," said Chief Executive Stephen Squeri in a statement. AmEx profit fell 13% to $1.8 billion, or $2.40 per share, for the three months ended March 31, missing analysts' average estimate of $2.66 per share, according to Refinitiv data. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10. Reporting by Siddarth S in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ AT&T misses quarterly revenue estimates; shares down
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

Still, AT&T added 424,000 postpaid phone subscribers in the latest quarter, above Factset estimate of 422,800 additions. Analysts and investors generally watch postpaid phone figures closely as those customers pay a recurring monthly bill, making them valuable to the carriers. Total revenue for the first quarter rose 1.4% to $30.1 billion, compared with $29.7 billion a year earlier. AT&T said the growth was also driven by higher revenue in broadband services, partly offseting lower equipment sales. Income from continuing operations was $4.5 billion, or 57 cents per share, in the quarter, compared with $5.1 billion, or 65 cents per share, a year earlier.

☆ MLB roundup: Padres' shutout ends Braves' win streak
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +11 min

Martinez (1-1) allowed three hits and two walks with six strikeouts over seven innings to get the win. Cardinals starting pitcher Jake Woodford (1-2) allowed four runs on seven hits and a walk in five innings. Diamondbacks starting pitcher Madison Bumgarner (0-3) allowed seven runs on seven hits and four walks in four innings. Alek Thomas hit a two-run homer and Pavin Smith hit a solo shot for Arizona. Toronto right-hander Jose Berrios (1-3) gave up two runs on three hits with three strikeouts in seven innings.

☆ AT&T's dismal cash flow sparks selloff in telecoms sector
▼ + stars: | 2023-04-20 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

April 20 (Reuters) - U.S. wireless carrier AT&T Inc (T.N) missed market estimates for first-quarter revenue and free cash flow, underscoring the toll from strained consumer wallets and sparking a selloff in the telecoms sector on Thursday. In the first three months of the year, AT&T added 424,000 postpaid phone subscribers, almost in line with a Factset estimate of 422,800 additions. The metric is closely watched by Wall Street as postpaid customers pay a recurring monthly bill, making them valuable to the carriers. "It was not all bad news, and some aspects of AT&T's operations came in above estimates, but it is the free cash flow figure that seems to have caused all the damage, given that it points to likely lower dividend payouts going forward," said Stuart Cole, head macro economist at Equiti Capital. AT&T's free cash flow came in at $1 billion, compared with the $2.61 billion estimated by 18 analysts polled by Visible Alpha.

[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. Shares fell as much as 7% to a near three-month low of $154.01 as expenses surged 22% to $11.1 billion in the first quarter, higher than expectations of $10.4 billion. "While the elevated provision does not come as a surprise, the miss on expenses is likely the driving force behind the shares' move lower," UBS analysts wrote in a client note. The company, however, reaffirmed its profit forecast for 2023 as spending by customers on travel and entertainment surged 39%. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10.

[1/5] People look at handbags on display outside shops in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. REUTERS/Akhtar SoomroKARACHI, Pakistan, April 20 (Reuters) - Retail sales in Pakistan have witnessed a sharp drop compared to previous years in the run up to the Muslim holiday of Eid al-Fitr, retailers say, as shoppers feel the pinch of decades-high inflation. The lead up to Eid al-Fitr, expected to fall on Saturday in Pakistan to mark the end of the holy month of Ramadan, traditionally sees the highest sales of the year. Asfandyar Farrukh, co-founder of CAP and managing director of Hub, a leather goods store, said that Eid shopping appears to have started sooner and peaked earlier, coinciding with salary pay days, and customers anticipating price increases. The sales drop adds to the slowing of Pakistan's $350 billion economy, which has struggled in recent months amidst tough stabilisation polices, including the central bank raising interest rates to a historic high of 21%.

Fox agreed to a $787.5 million settlement with Dominion Voting Systems on Tuesday. But a senior media executive told Insider that insurance typically handles these types of payments. Fox Corp. had nearly $4.1 billion of cash on hand, according to comments made in February by company CEO Lachlan Murdoch. Fox Corp., which also owns assets such as the broadcast network and streamer Tubi, has a market capitalization of $17.61 billion as of Tuesday. In 2017, Fox also agreed to a $90 million "derivatives" settlement against company officers over sexual harassment issues at Fox News, according to Reuters.

☆ Amazon’s Slowdown Has Yet to Pinch Its Landlord
▼ + stars: | 2023-04-18 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Warehouse owners boomed during the height of the pandemic. Its top tenant, Amazon , might no longer be taking all the space it can get its hands on, but warehouse owner Prologis is still passing on eye-popping increases in the rent. On Tuesday, the world’s largest real-estate investment trust said starting rents in the first quarter for new and renewed leases were 42% above the previous rates in that same space—a record high. The company said in January it expects rents to grow 9% year-over-year globally in 2023, and by 10% in its main U.S. market.

☆ Weak retail sales, manufacturing output data point to slowing US economy
▼ + stars: | 2023-04-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

Data for February was revised up to show retail sales falling 0.2% instead of 0.4% as previously reported. Retail sales are mostly goods, which are typically bought on credit, and are not adjusted for inflation. Retail sales and inflationThe decline in retail sales was almost across the board. Sales at food services and drinking places, the only services category in the retail sales report, edged up 0.1%. Excluding automobiles, gasoline, building materials and food services, retail sales slipped 0.3% last month.

☆ China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine
▼ + stars: | 2023-04-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Russia's exports of crude oil have now surpassed the volumes hit before its invasion of Ukraine. China and India account for roughly 90% of Russia's seaborne crude exports, Kpler data shows. Europe now takes in only 8% of Russia's oil exports, per Kpler. Behind China and India, Turkey and Bulgaria are the biggest buyers of Russian crude. Even before Vladimir Putin launched his war on Ukraine, China was already a top buyer of Russian crude, importing 25% of its crude from the country in 2021.

☆ Pilgrims flock to ancient Holy Land church as Palestinian congregation shrinks
▼ + stars: | 2023-04-13 | by ( Mohamad Torokman | ) www.reuters.com time to read: +3 min

[1/5] Christian worshipers pray during Mass inside St. George Church, also known as the Church of the Ten Lepers, in Burqin, near Jenin, in the Israeli-occupied West Bank March 31, 2023. REUTERS/Mohamad TorokmanBURQIN, West Bank, April 13 (Reuters) - One of the world's oldest churches, built on top of a cave in the Israeli-occupied West Bank and festooned with golden icons, attracts thousands of Christian pilgrims every year. But the Church of the Ten Lepers' own congregation of Palestinian Christians grows ever smaller. The first church on the site, in the northern West Bank town of Burqin, was built more than 1,600 years ago to commemorate a miracle. Today, only about 70 Palestinian Christians remain in the town of 8,500 people, said Moeen Jabbour, its administrative manager.

☆ Singapore rent prices are still sky-high. Long-time expats are having to consider drastic changes
▼ + stars: | 2023-04-13 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +7 min

If rents continue to grow steadily, more residents will bite the bullet and purchase a property before paying higher prices for rent, Knight Frank's Christine Li said. Whether one's renting a room, an apartment or a house, long-time expatriates living in Singapore are digging deep into their pockets and making drastic changes to cope with rising rents. Some foreigners living here say their landlords may be taking advantage of an overheated property market to jack up prices — with some doubling the rent. "If rents continue to grow steadily, more people will just bite the bullet and purchase a property before paying higher prices for rent," she said. Justin Paget | Stone | Getty ImagesFrancesca said many potential landlords offered her "rent free deals" to convince her to agree to higher prices — that essentially translates to no rent for the first few months.

The commodity-heavy FTSE 100 (.FTSE) edged 0.1% lower, while the mid-cap FTSE 250 (.FTMC) was flat as of 0814 GMT. "Gains in homebuilders is being counteracted by ex-dividend moves today," said Chris Beauchamp, chief market analyst at IG Group. Even as concerns over a potential U.S. recession have weighed on investor sentiment, defensive stocks such as pharmaceuticals as well as commodity-linked stocks have kept FTSE 100 afloat recently. Shares of Lloyds Group (LLOY.L), Unite Group (UTG.L) and Persimmon (PSN.L) among others were down between 1.7%-3% as the stocks traded ex-dividend. Reporting by Shristi Achar A in Bengaluru; Editing by Sohini Goswami and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: LVMH's caution points to Americans' waning lust for luxury
▼ + stars: | 2023-04-13 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/2] A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. European labels including LVMH's Louis Vuitton and Dior, as well as Chanel and Hermes have been riding a wave of strong demand from Americans, who emerged from lockdowns with savings and a desire to splash out on designer labels. He added the group is taking a cautious approach to price increases this year -- not just for cognac. "It's probably the most emblematic luxury store in the world," said Guiony. Elliott Savage, portfolio manager of U.S.-based fund YCG Investments, which holds shares in LVMH and other luxury brands, said a weakening U.S. luxury market in the near term could present an opportunity for dominant players to take market share.

☆ MLB roundup: Rays make it 12 straight wins to open season
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +10 min

In his third start of the season, Boston's Chris Sale (1-1) was hit hard, yielding six runs (five earned) on seven hits. Detroit left-hander Eduardo Rodriguez allowed one run, seven hits and one walk in six innings, striking out three. Cincinnati's Hunter Greene worked six innings and allowed three runs on seven hits to go along with a season-high 10 strikeouts. Marlins starter Edward Cabrera allowed seven hits and two runs with four strikeouts and one walk in five innings. Eovaldi (1-2) allowed six runs on 10 hits with no walks and seven strikeouts over five innings.

☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ More layoffs may still come for tech workers
▼ + stars: | 2023-04-12 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The tech sector has shed an estimated 330,000 jobs since last year, but my colleague Hasan Chowdhury writes that more cuts will likely come. Here's why tech workers have to brace for more layoffs. The AI arms race has pushed tech organizations to recruit AI talent from university programs aggressively. Google employees reportedly tried to stop Bard. Read Insider's exclusive on the cuts.

☆ UK housing market weakness continues, improvement on the horizon - RICS
▼ + stars: | 2023-04-12 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

RICS's gauges of buyer demand, sales, new listings and house prices were all in negative territory last month. However, its indicators looking ahead pointed to hints of stability in Britain's housing market in the coming 12 months. The sales expectations balance for 12 months' time rose to +1, its highest since March 2022. Mortgage lender Nationwide reported a 3.1% drop in house prices in the year to March - the fastest annual fall since July 2009 - while rival Halifax said prices grew 1.6% year-on-year. Its non-seasonally adjusted monthly tenant demand growth indicator hit a five-month high, with a net balance of +46.

☆ Here's how much money Americans say they need to feel 'financially comfortable'
▼ + stars: | 2023-04-12 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

For Americans to feel "financially comfortable," 1 in 5 say they'd need $1 million, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive. The description "financially comfortable" is subjective, and will mean different things to different people. Some might be thinking about current bills or debt they want to pay off, while others might be focused on long-term expenses or retirement goals. Here's the breakdown of the results, based on the amounts survey respondents selected: $10,000: 8%$25,000: 14%$100,000: 36%$500,000: 18%$1 million: 20%No answer: 4% Nearly 75% of respondents say they need $100,000 or more to feel financially comfortable, with 20% selecting $1 million. That majority is steady across all income levels, although respondents earning six figures are more likely to say they need $100,000 or more.

☆ MLB roundup: Solo HR sends Rays to 10-0
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +11 min

Muncy also singled, all after Mookie Betts had led off the game with his second homer of the season for the Dodgers, who snapped a three-game losing streak. Reds starter Graham Ashcraft allowed two runs on six hits in six innings with seven strikeouts and three walks. Ryan Mountcastle drilled a two-run homer in the first inning and Austin Hays added a solo shot in the sixth. Alvarez drove in two runs to boost his major-league-leading RBI total to 16, plating a pair in the second inning with a single. Jake Cave hit a solo homer and double while Nick Castellanos added three hits and three RBIs.

☆ I sell used sneakers on Goat to pay for new pairs to add to my collection. Here's how to guarantee a sale on the resale platform.
▼ + stars: | 2023-04-10 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I've sold shoes in person and on Poshmark, but my favorite platform to sell sneakers is Goat. I have sold shoes in person and on Poshmark over the past year, but my favorite platform to sell sneakers is Goat. The company even authenticates all used shoes, in addition to new, which gives buyers more confidence they are not buying replica pairs. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ MLB roundup: Rays improve to 8-0 with rout of A's
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +11 min

Springs scattered three hits, struck out seven and walked three while logging seven innings. The Astros rallied in the ninth on Jeremy Pena's two-run homer against Jovani Moran. Adam Duvall blasted a two-run homer and a pair of doubles while scoring three times. Pete Alonso and Eduardo Escobar each hit two-run homers for the Mets, who have won five of six games against the Marlins. Perdomo had three RBIs and two hits as Arizona racked up season highs for runs and hits (17).

How to earn American Airlines milesThere are myriad means of earning American Airlines AAdvantage miles. American Airlines AAdvantage® MileUp®While not as lucrative as some of the other available American Airlines credit cards, at least the American Airlines AAdvantage® MileUp® doesn't charge an annual fee. Earn miles flying American Airlines and boost your earning with elite statusAside from using co-branded credit cards, one of the best ways to earn American Airlines miles is to actually fly the airline and its partners. Earn miles flying American Airlines' partnersYou can also earn American Airlines miles on over a dozen airline partners. The best ways to redeem American Airlines milesAs with earning American Airlines miles, there are plenty of ways to use AAdvantage miles when the time comes.

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☆ MLB roundup: Padres go back-to-back in 9th, edge D-backs
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +11 min

The A's were down 10-8 when Seth Brown followed a walk to Aledmys Diaz with a two-run homer off Guardians closer Emmanuel Clase in the last of the ninth. Angels 7, Mariners 3Shohei Ohtani and Taylor Ward hit two-run homers as Los Angeles defeated host Seattle. Yankees 8, Phillies 1Anthony Rizzo ignited a five-run fifth inning with a two-run homer, and host New York cruised to victory over Philadelphia. His counterpart, Jose Berrios (0-1), allowed eight runs, nine hits and two walks while striking out seven in 5 2/3 innings. Ozzie Albies hit a two-run homer and Austin Riley had a solo shot for the Braves, who have won three of four games to start the season.

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