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[1/2] The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. BlackRock has said all of its investments in China and around the world comply with U.S. law, and that it will continue engaging with the select committee on the issues it raised. Republicans formed the select committee when they took control of the House in January, part of an effort to raise awareness about issues behind growing tensions with China. A hard line toward China is one of the few policies with bipartisan support in the deeply divided U.S. Congress. The committee does not write legislation, but makes policy recommendations and can subpoena executives and officials.

Persons: Carlo Allegri, BlackRock, Mike Gallagher, Gallagher, MSCI, Raja Krishnamoorthi, They're, Krishnamoorthi, Michael Martina, Patricia Zengerle, Don Durfee Organizations: REUTERS, BlackRock, Reuters, Republican, PLA, People's Liberation Army, Republicans, Congress, FBI, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, MSCI, Dysart , Iowa, Washington, Iowa

☆ Yum Brands beats quarterly results estimates on KFC boost
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Kentucky Fried Chicken (KFC) bucket of mixed fried and grilled chicken is seen in this picture illustration taken April 6, 2017. REUTERS/Carlo Allegri/Illustration/File PhotoAug 2 (Reuters) - Yum Brands (YUM.N) topped market estimates for quarterly results on Wednesday, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco Bell and Pizza Hut. Quarterly comparable sales at KFC rose 13%, handily beating estimates of 8.29%, and logging the best same-store sales growth in at least seven quarters. Same-store sales at Yum Brands rose 9% in the quarter ended June 30, compared with analysts' estimates of a 7.01% increase, according to Refinitiv IBES data. Excluding items, Yum Brands earned $1.41 per share, above estimates of $1.24 per share.

Persons: Carlo Allegri, Taco Bell's, Deborah Sophia, Shinjini Organizations: REUTERS, Yum Brands, KFC, Taco Bell, Brands, Thomson Locations: Kentucky, Louisville , Kentucky, Russia, Ukraine, Bengaluru

☆ DoorDash lifts core profit target for second time on rising orders
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo AllegriAug 2(Reuters) - DoorDash (DASH.N) raised its annual core profit forecast for a second time and beat quarterly revenue expectations on Wednesday as orders for groceries and food surged despite higher prices, sending its shares up nearly 6% in extended trading. DoorDash expects a key measure of profitability, adjusted EBITDA, between $750 million and $1.05 billion, compared to the prior outlook of $600 million to $900 million. DoorDash's revenue rose 33% to $2.13 billion, beating expectations of $2.06 billion, according to Refinitiv data. Net loss narrowed to $170 million, or 44 cents per share, in the quarter, compared to $263 million, or 72 cents, a year ago.

Persons: Carlo Allegri, Ravi Inukonda, DoorDash, Granth, Arun Koyyur Organizations: REUTERS, DoorDash, Uber Technologies, Thomson Locations: Manhattan, New York City , New York, U.S, DoorDash, Bengaluru

☆ U.S. fast-food chains add automation to boost speed
▼ + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com time to read: +3 min

With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.

Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin

☆ Thomson Reuters' profit beats estimates; outlook steady
▼ + stars: | 2023-08-02 | by ( Helen Coster | ) www.reuters.com time to read: +4 min

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. The news and information company reported adjusted earnings of 84 cents per share, 6 cents ahead of estimates. Total revenue rose 2% in the quarter to $1.65 billion, slightly missing expectations, according to Refinitiv. Thomson Reuters maintained its full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flow. Reporting by Helen Coster Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, divestitures, Steve Hasker, Thomson, –, Michael Eastwood, Hasker, Eastwood, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, Accounting, company’s Elite, TPG, London Stock Exchange, Reuters News, Thomson Locations: Manhattan, New York City , New York, U.S, Britain, California

☆ BlackRock, MSCI face probe for allegedly facilitating China investments - WSJ
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File PhotoAug 1 (Reuters) - Asset manager BlackRock (BLK.N) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating China investments, Wall Street Journal reported on Tuesday, citing letters to the companies from the panel. BlackRock, MSCI and the Committee did not immediately respond to Reuters requests for comment outside normal business hours. Last month, China curbed exports of some metals widely used in the semiconductor industry, in a move it said was aimed at protecting national security. Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Niket, Krishna Chandra Eluri Organizations: REUTERS, BlackRock, Wall Street, Chinese Communist Party, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, MSCI, Taiwan, Ukraine, Bengaluru

☆ BlackRock, MSCI draw scrutiny from US House Committee on China
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File Photo License this content on Reuters ConnectAug 1 (Reuters) - A U.S. congressional committee on China said asset management giant BlackRock (BLK.N) and index provider MSCI (MSCI.N) were facilitating investments into blacklisted Chinese companies. The firms have facilitated American capital flow into the companies the U.S. government had found guilty of fueling China's military advancement or human rights abuses, the House of Representatives' Select Committee on the Chinese Communist Party (CCP) said on Monday. "With all investments in China and markets around the world, BlackRock complies with all applicable U.S. government laws. We will continue engaging with the Select Committee directly on the issues raised," BlackRock said. Republicans formed the Select Committee when they took control of the House in January, as part of an effort to convince Americans why they should care about competing with China.

Persons: Carlo Allegri, BlackRock, MSCI, Mike Gallagher, Niket Nishant, Jaiveer Singh Shekhawat, Michael Martina, Don Durfee, Krishna Chandra Eluri, Shinjini Ganguli, Jonathan Oatis Organizations: REUTERS, Reuters, U.S, Chinese Communist Party, CCP, BlackRock, Republicans, China, Congress, Republican, Wall Street, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, Taiwan, Ukraine

☆ BlackRock to expand proxy voting choice to retail ETF investors
▼ + stars: | 2023-07-17 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo(Reuters) - The world’s top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters. Investors will not be able to specify votes in specific company elections. While many clients will rely on the votes BlackRock will continue to cast, “consistent with our fiduciary duty as an investment manager, others want the choice to participate in proxy voting more directly,” said Joud Abdel Majeid, Global Head of BlackRock Investment Stewardship, in a statement. Rivals including State Street and Vanguard have their own programs to devolve proxy voting rights.

Persons: Carlo Allegri, BlackRock, Glass, ”, Joud Abdel Majeid Organizations: REUTERS, BlackRock, New, Services, Glass Lewis, managements, Investment, Rivals, State, Vanguard, Republican Locations: BlackRock, Manhattan, New York City , New York, U.S, New York, Republican U.S

☆ Microsoft signs agreement to keep Call of Duty on Playstation
▼ + stars: | 2023-07-16 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File Photo(Reuters) -Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet on Sunday. A deal to keep Call of Duty on Playstation could further ease concerns surrounding the acquisition’s impact on competition. Speaking on the agreement, Microsoft President Brad Smith said in a tweet, “Even after we cross the finish line for this deal’s approval, we will remain focused on ensuring that Call of Duty remains available on more platforms and for more consumers than ever before.”The FTC had argued the deal would hurt consumers whether they played video games on consoles or had subscriptions because Microsoft would have an incentive to shut out rivals like Sony Group. To address the FTC’s concerns, Microsoft had earlier agreed to license “Call of Duty” to rivals, including a 10-year contract with Nintendo, contingent on the merger closing.

Persons: Carlo Allegri, Phil Spencer, Brad Smith Organizations: Activision, REUTERS, Microsoft, PlayStation, Activision Blizzard, FTC, Sony Group, Nintendo Locations: Manhattan, New York City , New York, U.S

☆ US FTC seeks additional info on Pfizer's proposed takeover of Seagen
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Pfizer logo is pictured on their headquarters building in the Manhattan borough of New York City, New York, U.S., November 9, 2020. REUTERS/Carlo Allegri/File Photo/File PhotoJuly 14 (Reuters) - The US Federal Trade Commission (FTC) has sought additional information and documentary material related to Pfizer's (PFE.N) proposed acquisition of Seagen Inc (SGEN.O), Seagen said on Friday. The antitrust agency sent the requests separately to both the companies, a regulatory filing said. Pfizer struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies, to counter the fall in COVID-related sales and generic competition for some top-selling drugs. The recent scrutiny by the antitrust agency to block Amgen's (AMGN.O) $27.8 billion deal to buy Horizon Therapeutics (HZNP.O) has made investors jittery around the Pfizer-Seagen deal as well.

Persons: Carlo Allegri, Seagen, Khushi, Shailesh Organizations: Pfizer, REUTERS, US Federal Trade Commission, Seagen Inc, Horizon Therapeutics, Thomson Locations: Manhattan, New York City , New York, U.S, COVID, Bengaluru

☆ Dollarama says CFO Towner to step down
▼ + stars: | 2023-07-10 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: A Dollarama store is pictured in Toronto, Ontario, Canada, June 5, 2018. REUTERS/Carlo Allegri/File Photo(Reuters) - Canadian discount store chain Dollarama said on Monday its chief financial officer, J.P. Towner, would step down in the coming months to pursue another career opportunity. He became Dollarama’s finance head in March 2021, succeeding Michael Ross who stepped down after more than a decade with the company. Prior to taking up the role at Dollarama, Towner was the finance head of construction and engineering firm Pomerleau Inc.Dollarama said while it had started looking for a new finance chief, Towner would remain in the role as the company announces its second-quarter results. The retailer beat sales estimate in its most recent quarter on strong demand for its cheaper groceries and household supplies.

Persons: Carlo Allegri, . Towner, Michael Ross, Towner, Dollarama Organizations: REUTERS, Pomerleau Inc Locations: Toronto , Ontario, Canada, Dollarama

☆ Tyson Foods to drop 'no antibiotics ever' label on some chicken products
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. May 11, 2017. REUTERS/Carlo Allegri/File PhotoJuly 2 (Reuters) - Tyson Foods (TSN.N) is reintroducing certain antibiotics to its chicken supply chain and will drop its "no antibiotics ever" tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday. This will involve drugs that the company said are not important to human health. "Based on current science, Tyson branded products are transitioning to No Antibiotics Important to Human Medicine (NAIHM) which is expected to be complete by the end of the calendar year," a Tyson Foods spokesperson said. In 2017, the U.S. meatpacker had switched its retail line of company-branded chicken products to birds raised without any antibiotics.

Persons: Carlo Allegri, Tyson, meatpacker, Shivani Tanna, Gursimran Kaur, Chandni Shah, Chizu Nomiyama, Lisa Shumaker Organizations: Tyson, REUTERS, Tyson Foods, World Health Organization, Medicine, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

☆ Nike beats quarterly revenue estimates on buoyant sneaker demand
▼ + stars: | 2023-06-29 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri/File Photo(Reuters) - Nike on Thursday beat Wall Street estimates for quarterly revenue, benefiting from a recovery in China following the lifting of pandemic restrictions and buoyant demand for its sneakers such as Air Jordan and LeBron 20. The company’s fourth-quarter revenue rose to $12.83 billion from $12.23 billion a year earlier. Analysts had expected $12.59 billion, according to Refinitiv data.

Persons: Carlo Allegri, Air Jordan Organizations: Nike, REUTERS, Air, LeBron, Analysts Locations: New York , New York, U.S, China

REUTERS/Carlo AllegriJune 8 (Reuters) - Amazon.com (AMZN.O) said on Thursday that it was cutting delivery routes short for drivers in places affected by poor air quality, while Target also said its contactless order pickup service may not operate in the most affected areas. On Wednesday, New York City's air quality was considered the worst in the world. A spokesman for Amazon, the nation's most valuable retailer by market capitalization, said it was cutting routes short where air quality is hazardous, and providing N-95 masks to delivery workers. Drivers were also encouraged to return to delivery stations if they felt ill.Target Corp (TGT.N) said its contactless order pick-up service called "Drive Up" may be turned off at locations with poor air quality. Separately, Home Depot Inc (HD.N) on Thursday said it was shipping supplies of air filters, respirator masks, box fans and air scrubbers to meet increased demand in areas dealing with poor air quality.

Persons: Carlo Allegri, Deborah Sophia, Michael Perry Organizations: REUTERS, Target, Amazon, Target Corp, Depot Inc, Thomson Locations: Manhattan, New York City , New York, U.S, Canada, United States, New York, Bengaluru, Arriana

[1/2] Republican National Committee Chairman Reince Priebus speaks to the audience before the start of the Republican U.S. presidential candidates debate sponsored by CNN at the University of Miami in Miami, Florida, March 10, 2016. REUTERS/Carlo AllegriWASHINGTON, June 2 (Reuters) - The Republican National Committee on Friday announced relatively stringent limits on who can participate in the first 2024 presidential primary debate, posing a potential challenge for several long-shot contenders. The RNC, the Republican Party's governing body, will also require all attendees to support the eventual Republican nominee, the body said on Friday. The rules are almost certain to limit the number of candidates on the debate stage relative to previous election cycles. During the 2016 Republican presidential nominating process, for instance, some 17 candidates participated in the first debate.

Persons: Reince Priebus, Carlo Allegri WASHINGTON, Donald Trump, Doug Burgum, Perry Johnson, Ron DeSantis, Nikki Haley, Tim Scott, Gram Slattery, Nathan Layne, Colleen Jenkins, Marguerita Choy Organizations: Republican National, Republican U.S, CNN, University of Miami, REUTERS, Republican National Committee, RNC, Republican, North Dakota, South Carolina, Trump, Thomson Locations: Miami , Florida, Milwaukee, Iowa , New Hampshire, South Carolina, Nevada, North, Trump , Florida

☆ Is indicted Chinese billionaire tycoon Guo Wengui secretly bankrolling George Santos's bail?
▼ + stars: | 2023-06-01 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

In recent months, he's become supportive of exiled Chinese tycoon and Republican patron Guo Wengui. There's a very strong chance that one person putting up the money — directly or indirectly — is the jailed exiled Chinese billionaire tycoon Guo Wengui. Even Ghislaine Maxwell and SBF didn't get this kind of secrecySantos certainly doesn't want us to know who these bond sponsors are. (An affinity for using multiple names, which are variations of each other, is something Guo shares with George Anthony Devolder Santos.) So, is Guo one of Santos's bail sponsors?

Persons: George Santos's, you'll, Santos, he's, Guo Wengui, —, George Santos, Ghislaine Maxwell, SBF didn't, Joanna Seybert, Jeremy A, Chase, Alexandra Settelmayer, Davis Wright Tremaine, Lokman Vural, Sam Bankman, Larry Kramer, Andreas Paepcke —, Lewis Kaplan, Jeffrey Epstein, Epstein, Maxwell, Guo, Steve Bannon, Forbes, Miles Kwok, Carlo Allegri, Bannon, Miles Guo, George Anthony Devolder Santos, Cait Corrigan, Santos didn't, Joe Murray, Guo didn't, Santos doesn't Organizations: Service, Rep, Republican, New York Times, US, Federal, Anadolu Agency, Getty, Stanford University, REUTERS, New Federal, Chinese Communist Party, Law Foundation, Law Society, Santos, Justice Department Locations: New York, Long, Santos, Washington, DC, Central Islip, Central Islip , New York, Manhattan, United States, China, New Federal State of China, New Federal State

The private plaintiffs sued Microsoft in California federal court in December to enjoin the deal, which they called harmful to competition. Corley pushed back on the gamers' allegation that Microsoft would limit availability of the game. A lawyer for the gamers said on Monday they will press on with their challenge to the deal despite losing this preliminary round. Corley dismissed the gamers' first lawsuit in March, ruling that plaintiffs had not offered adequate factual support for claims that the deal would violate U.S. antitrust law. The case is DeMartini v. Microsoft Corp, U.S. District Court, Northern District of California, No.

☆ Wall Street closes down, dollar dips as debt ceiling talks stall
▼ + stars: | 2023-05-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. "All eyes are on Washington and investors remain focused on the debt ceiling," said David Carter, investment specialist at JPMorgan Private Bank in New York. "This is new territory and (it is) not perfectly clear if the Fed will allow tighter bank lending to replace tighter monetary policy." European shares closed higher and the German DAX reached a record high as hopes of progress in U.S. debt ceiling talks boosted investor sentiment. Oil prices edged lower following news that the debt ceiling talks were on pause, raising the possibility of a default that could hit energy demand.

☆ Wall Street turns red, dollar dips as debt ceiling talks stall
▼ + stars: | 2023-05-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

☆ Wall Street gains, Treasury yields rise as debt ceiling talks progress
▼ + stars: | 2023-05-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

[1/3] A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File PhotoSINGAPORE, May 19 (Reuters) - U.S. stocks were tentatively higher on Friday and benchmark Treasury yields extended their upward trajectory as market participants looked for signs of progress in the debt ceiling negotiations in Washington. Talks on Capitol Hill on raising the debt ceiling appear to be moving forward, with Democratic negotiators saying they've made "steady progress" toward a deal that would avoid a U.S. credit default. European stocks climbed and the German DAX touched a record high as optimism about a debt ceiling deal spread across the Atlantic. The dollar index fell 0.21%, with the euro up 0.18% to $1.0788.

☆ What happened the day when one of the worst nuclear disasters in US history took place at Three Mile Island
▼ + stars: | 2023-05-19 | by ( Katie Canales | ) www.businessinsider.com time to read: 1 min

Because of the new rules, the process of designing and building new nuclear power plants became longer and more costly. Since the Three Mile Island accident, no new nuclear plants have been built in the US. Three Mile Island is seen on May 30, 2017. Carlo Allegri/ReutersSource: History

☆ EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say
▼ + stars: | 2023-05-10 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

[1/2] Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo AllegriBRUSSELS, May 10 (Reuters) - EU antitrust regulators are set to approve Microsoft Corp's (MSFT.O) $69 billion acquisition of Activision (ATVI.O) next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission's imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming. U.S. distributor Valve Corp, owner of the world's largest video game distribution platform, Steam, declined a contract saying it trusts Microsoft. (This story has been corrected to say that Valve does not have a licensing deal with Microsoft in paragraph 4)Reporting by Foo Yun Chee; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft’s Activision Deal Is No Longer Just About Activision
▼ + stars: | 2023-05-02 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

A Microsoft takeover of Activision Blizzard would give the Xbox maker control of the ‘Call of Duty’ videogame franchise. Photo: CARLO ALLEGRI/REUTERSCloud gaming is barely an actual business yet, but U.K. regulators want to make sure Microsoft never owns it. Their reasoning carries far greater implications than a deal that would give the Xbox maker control of “Call of Duty.”Microsoft says it plans to appeal the ruling last week from the U.K.’s Competition and Markets Authority, or CMA, to block the company’s $75 billion takeover of Activision Blizzard . The decision was a major surprise given earlier signs that suggested the agency was leaning in favor of letting the deal go through. The agency said it wanted to prevent the deal “to protect innovation and choice in cloud gaming,” a market that it predicts will be worth about one billion pounds—or roughly $1.25 billion—annually by 2026.

☆ U.S. Postal Service next-generation delivery vehicles delayed to mid-2024
▼ + stars: | 2023-05-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) said on Monday it expected to receive next-generation delivery vehicles in June 2024, nine months behind a prior schedule. In March 2022, the USPS placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp (OSK.N) and previously said it expected to begin receiving deliveries in October 2023. In April 2022, 16 states and environmental groups filed a lawsuit seeking to block USPS's plan to buy mostly gas-powered next-generation delivery vehicles, arguing that the agency failed to comply with environmental regulations. The modern vehicles will replace many older USPS vehicles that lack air bags and other safety equipment as well as air conditioning. In December, USPS said it would more than double planned electric delivery vehicles purchases after initially saying it would buy nearly all gasoline-powered delivery vehicles.

☆ Top Fed Official Signals Support for May Interest-Rate Increase
▼ + stars: | 2023-04-20 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

New York Fed President John Williams said he expected inflation to decline to around 3.5% this year. Photo: Carlo Allegri/REUTERSA top Federal Reserve official said the central bank had more work ahead to bring down inflation, suggesting another interest-rate increase would be warranted at the Fed’s meeting in two weeks. “Inflation is still too high, and we will use our monetary policy tools to restore price stability,” said New York Fed President John Williams in a speech Wednesday night to a group of financial industry professionals in Manhattan.

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