The street leading to Zytglogge (Clock Tower) in Bern, Switzerland.Urbazon | Istock | Getty ImagesSwitzerland could be at risk of slipping into deflationary territory next year, as a stronger Swiss franc beleaguers policymakers’ efforts to get a handle on price growth.The Swiss National Bank cut interest rates for the third time this year in September, citing the strength of the safe-haven currency as a key driver of the country’s falling inflation rate, alongside lower oil and electricity prices.The central bank also revised down its forecasts, putting the average annual inflation rate for 2024 at 1.2% from 1.3%, while projecting price…
Author: usaeverydaylife
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy.Stefano Guidi | Getty Images News | Getty ImagesAuto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories.The Netherlands-based company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said that net revenues for the July-September period came in at 33 billion euros ($35.8 billion).Analysts had expected third-quarter net revenues to come in at 36.6 billion euros, according…
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024.Matt Cardy | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices and to lower refining margins. The energy company reported adjusted earnings of $6 billion for the July-September period, beating analyst expectations of $5.3 billion, according to estimates compiled by LSEG.Shell posted adjusted earnings of $6.3 billion in the second quarter and $6.2 billion in the third quarter of 2023.Shares of the London-listed firm have fallen around…
Marco Bello | AFP | Getty ImagesLONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express.The firm’s business-focused payments arm, Square, told CNBC that it opened registrations for its Square Card product in Britain late Wednesday, marking the first time Block has expanded its business card offering outside North America, where it first launched in 2019.Currently available in the U.S. and Canada, Square Card is a free business spending card that reduces…
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024.Yves Herman | ReutersChinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time.On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago. That exceeded Tesla’s revenue of $25.18 billion reported for the same period.It’s a first for the Beijing-based EV giant as its solid performance came despite the EV downtrend in mainland China. The…
The U.S. Department of Transportation’s new rules mandating automatic refunds for significantly delayed or canceled flights are in effect just in time for the holiday travel season. While these changes don’t significantly change what you’re entitled to, they provide clarity and should make it easier to receive refunds for flight cancellations and significant delays.It can still make sense to have supplemental travel insurance or pay with a travel credit card with built-in insurance benefits to ensure you’re fully covered. Here’s what you need to know about the new rules and how you’ll be impacted.Compare travel insurance companiesWhen airlines owe you…
Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023.Nick Carey | ReutersChina has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe.The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation that divided the bloc and prompted retaliation from Beijing.Ten EU members including France, Poland and…
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024.Mike Lawrence | Major League Baseball | Getty ImagesThe Los Angeles Dodgers won their second World Series championship in five seasons, overcoming a five-run deficit with the help of three Yankees defensive miscues and rallying on sacrifice flies from Gavin Lux and Mookie Betts in the eighth inning to beat New York 7-6 in Game 5 on Wednesday night.Aaron Judge…
People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a train station in Seoul on Oct. 31, 2024.Jung Yeon-je | AFP | Getty ImagesNorth Korea launched a new intercontinental ballistic missile Thursday in its first test in almost a year of a weapon designed to threaten the U.S. mainland and occurring days ahead of the U.S. election.North Korean leader Kim Jong Un ordered the missile test and was at the launch site, calling the launch “an appropriate military action” to show North Korea’s resolve to respond to its enemies’ moves that…
Betsie Van der Meer | GettyOnly one cohort of surveyed shoppers said they have enough financial runway to spend cash this holiday season without rolling into debt — and even so, many in that group anticipate struggling.More than half, or 52%, of shoppers with incomes of $100,000 or more said they can “easily afford” holiday expenses in 2024, according to Morning Consult, a survey research firm.That’s the highest share compared with other income groups.Of those who earn $50,000 to $99,900, about 33% said they can afford holiday spending. Meanwhile, 18% of respondents who earn below $50,000 annually said they can…
