GSK tops forecasts as consumer health spin-off nears

GlaxoSmithKline is pressing on with the spin-off of its consumer health business, now called Haleon, even though many companies have delayed or abandoned listing plans amid market jitters over the Ukraine crisis GlaxoSmithKline (GSK) beat first-quarter sales and earnings forecasts on Wednesday, April 27, helped by demand for its COVID-19 therapy and shingles vaccine, as … Read more

US consumer prices surge on gasoline; inflation likely peaked

WASHINGTON, USA – US monthly consumer prices increased by the most in 16 and a half years in March as Russia’s war against Ukraine boosted the cost of gasoline to records high, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month. The acceleration in prices reported by … Read more

Households squeezed as US consumer prices accelerate; more pain coming

WASHINGTON, USA – US consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food, and gasoline, and inflation is poised to accelerate even further as Russia’s war against Ukraine drives up the costs of crude oil and other commodities. The broad rise in prices reported by the labor department on … Read more