DETROIT—General Motors’ third-quarter net profit rose 36.6 percent as vehicle sales began to rebound from persistent supply chain troubles. The Detroit automaker on Tuesday reported earnings of $3.3 billion from July through September, compared with $2.42 billion a year earlier. The increase was fueled largely by a 24 percent sales increase in the United States, GM’s…
Biden Leaves White House for the First Time in Weeks Amid COVID-19 Rebound
President Joe Biden on Sunday was officially cleared to emerge from isolation after he tested negative for COVID-19 for the second day in a row, according to his physician. “This morning, the president’s SARS-CoV-2 antigen testing was negative for a second consecutive day,” White House physician Kevin O’Connor wrote in a memo (pdf) Sunday, referring to…
Biden Cleared to Leave White House for the First Time in Weeks Amid COVID-19 Rebound
President Joe Biden on Sunday was officially cleared to emerge from isolation after he tested negative for COVID-19 for the second day in a row, according to his physician. “This morning, the president’s SARS-CoV-2 antigen testing was negative for a second consecutive day,” White House physician Kevin O’Connor wrote in a memo (pdf) Sunday, referring to…
Biden Leaves White House for First Time in Weeks Amid COVID-19 Rebound
President Joe Biden was officially cleared to emerge from isolation on Aug. 7 after he tested negative for COVID-19 for the second day in a row, according to his physician. “This morning, the president’s SARS-CoV-2 antigen testing was negative for a second consecutive day,” White House physician Kevin O’Connor wrote in an Aug. 7 memo (pdf),…
Biden Leaves White House for 1st Time in Weeks Amid COVID-19 Rebound
President Joe Biden was officially cleared to emerge from isolation on Aug. 7 after he tested negative for COVID-19 for the second day in a row, according to his physician. “This morning, the president’s SARS-CoV-2 antigen testing was negative for a second consecutive day,” White House physician Kevin O’Connor wrote in an Aug. 7 memo (pdf),…
UK Economy Sees Stronger Rebound in Fourth Quarter, but Household Savings Drop
The UK economy grew at a faster pace than first thought in the final three months of 2021 despite the spread of the Omicron variant of coronavirus, according to official figures. The Office for National Statistics (ONS) said economic growth accelerated to 1.3 percent in the fourth quarter of the year, compared with the initial estimate of…
Hospitality Reopening Boosts UK Economic Rebound
The UK economy rebounded by 4.8 percent in the last quarter, according to official statistics, boosted by people returning to pubs and to medical appointments, as lockdown measures eased. In June, gross domestic product rose by 1 percent, higher than expected, but remains 2.2 percent lower than before the CCP (Chinese Communist Party) virus pandemic….
US Retail Sales Unexpectedly Rise in June
WASHINGTON—U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. The rebound in sales reported by the Commerce Department on Friday was despite purchases of motor vehicles declining again because of a lack of supply caused by a global semiconductor shortage. The scarcity of…
UK Companies See Orders Boom on Hopes of Lockdown Ending
LONDON—Surging new orders before an easing of COVID-19 lockdown restrictions has prompted a stronger rebound for British companies than expected this month, although price pressures are rising sharply, too, a business survey showed on Wednesday. The flash IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) rose to a seven-month high of 56.6 in March from…
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