Cuban economy minister out over delayed fuel, transport price hikes
Cuban President Miguel Díaz-Canel on Friday fired his economy minister following delays in recently announced measures to increase fuel and transport prices, state media reported. Cuba’s Council of State, under the leadership of the president, has appointed Central Bank Governor Joaquín Alonso Vázquez to replace outgoing Economy Minister Alejandro Gil. The move came days after […]
Inflation-hit shoppers swallow P&G price hikes to boost company’s earnings
Procter & Gamble's price hikes boosted its profit in the latest quarter, the company reported Tuesday, showing that inflation-stricken consumers are not turning away from the company's more expensive household products. Aside from the price increases that primarily drove sales growth, shoppers also bought more products across P&G's beauty product line and health and family […]
Full effect of Fed rate hikes have not been seen, Bank of America CEO warns
Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. Bank of America's CEO warns that Americans are yet to feel the full effects of the Federal Reserve's 11 interest rate hikes. Bank of America CEO and Chairman Brian Moynihan reviewed the […]