P&G warns of up to $2.5B in charges from buying Gillette 

Procter & Gamble said Tuesday it will take up to $2.5 billion in charges over two fiscal years as it writes down its Gillette business and restructures some markets. The company’s stock fell nearly 4%. The consumer products giant announced it will record a $1.3 billion pre-tax non-cash impairment charge for its Gillette business in […]

Moody’s cuts China credit outlook, warns of lower growth, property crisis

Ratings agency Moody’s on Tuesday cut the outlook on China’s government credit rating from stable to negative, following growing global concerns about the impact of soaring local government debt and a deepening real estate crisis on the world’s second-largest economy. It was lowered to Moody’s said in a statement that the downgrade would require authorities […]

Wells Fargo CEO warns of severance costs as layoffs loom – CNBC

Wells Fargo CEO Charlie Scharf speaks at the Milken Institute Global Conference on May 2, 2023 in Beverly Hills, California. Speaking at the Milken Institute Global Conference on May 2, 2023 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images wells fargo CEO Charlie Scharf said Tuesday that the company will likely […]

White House warns Ukraine aid is running out

Young said it is urgent for Congress to act on President Biden’s policies. $61 billion request To support Ukraine. “We are running out of funds to support Ukraine in this fight,” Young wrote, warning that the embattled country will be “knee-jerk” on the battlefield if aid is not delivered soon. Congress failed to pass Ukraine-related […]

NATO Chief Warns of ‘Bad News’ for Ukraine After Failed Counteroffensive

NATO Secretary-General Jens Stoltenberg has warned that Western countries must prepare for “bad news” from Ukraine after Kiev’s failed “counterattack” against occupying Russian forces. As concerns grow over Ukraine’s ability to continue fighting a much larger Russian force and its inability to retake meaningful territory from Moscow’s forces, concerns in the halls of Western power […]

Ukrainian sniper behind world-record shot is unmasked as he warns Russia, ‘Be afraid’

The Ukrainian sniper credited with killing the Russian officer, recorded 3.4 miles away, was a 58-year-old former businessman who had already readied his rifle when the bullet hit the target. Vyacheslav Kovalsky’s 12,468-foot shot on November 18 traveled the length of two Brooklyn Bridges in about nine seconds, killing an enemy soldier, according to footage […]