Drugmaker Pfizer starts low with 2023 earnings forecast
Pfizer surprised Wall Street on Tuesday by predicting bigger-than-expected sales drops this year for two key products: its COVID-19 vaccine and treatment.
Business
Adult Happy Meals, McRib, feed McDonald’s sales in Q4
Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher prices.
Exxon profits at record high in 2022 as energy prices soared
Exxon Mobil posted record annual profits for 2022, as Americans struggled with high prices for gasoline, home heating and consumer goods.
Infosys: firm founded by Rishi Sunak’s father-in-law in UK tax dispute
HMRC and the Indian IT services firm disagree over corporation tax bill of about £20mInfosys, the company founded by Rishi Sunak’s father-in-law NR Narayana Murthy, is in a multimillion-pound dispute with the UK tax authorities.HMRC and the Indian IT s…
Millennial Money: 6 ways to move out of your parents’ house
Nearly a quarter of millennials (22%) are living with their parents, and more than half of those living with them (55%) made the move in 2022, according to a December survey.
GM 4Q earnings rise 16% as sales rebound at end of last year
Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors’ fourth-quarter net income up 16% over the same period a year ago.
Leaked EU plan reveals response to US and Chinese green subsidies
Draft plan to loosen state aid rules follows Joe Biden’s Inflation Reduction Act and Chinese subsidiesThe EU executive will loosen state aid rules and propose a new “European sovereignty fund” later this year, in response to the controversial US Inflat…
UK demand for mortgages slumps as interest rates deter buyers
Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising inte…
Euro zone unexpectedly avoids recession with Ireland the fastest growing economy
The Irish economy grew by a better-than-expected 12.2% last year despite a severe cost-of-living squeeze
Azerbaijan to UN court: Armenia must stop sowing land mines
Azerbaijan is appealing to the United Nations’ highest court to urgently order Armenia to stop the laying of land mines and booby traps on Azerbaijani territory and disclose the location of such explosives that already have been placed.