Category: Money News

  • Kinder chocolate factory shut over salmonella cases

    Kinder chocolate factory shut over salmonella cases

    A Kinder chocolate factory in Belgium has been ordered to close after it was linked to dozens of salmonella cases. Belgium’s food safety authority has also ordered the recall of all Kinder products made at the factory in Arlon, which is owned by Ferrero. Suspected salmonella cases linked to Kinder chocolate have been reported in […]

  • China lockdowns Tourism spending plunges over vacation

    China lockdowns Tourism spending plunges over vacation

    Tourism spending in China plunged during this week’s Qingming festival, as the world’s second largest economy battles a rise in infections.The amount tourists spent during the key three-day holiday was more than 30% lower than the same time last year, official figures show.It comes as travel restrictions in China continue, and Shanghai and other cities […]

  • Rich people may need to rein in spending as the global?

    Rich people may need to rein in spending as the global?

    Are upper middle class and affluent shoppers starting to feel the pinch from higher prices and geopolitical concerns? If so, what does that mean for the rest of American consumers? Stock market volatility, inflation and concerns about rising interest rates could soon slow all parts of the economy — even demand for luxury goods. Gary […]

  • Russia says it won’t cut off gas supplies yet

    Russia says it won’t cut off gas supplies yet

    Russia has said it will not cut off gas exports to Europe yet in a standoff over its demand to be paid in roubles.Russian president Vladimir Putin signed a decree on Thursday stating buyers must pay in roubles through Russian bank accounts from Friday.The Kremlin said this would not affect shipments which were already paid […]

  • Stocks making the biggest moves midday

    Stocks making the biggest moves midday

    Check out the companies making headlines in midday trading Friday:Tellurian — The liquified natural gas company (LNG) surged 19.4% after Credit Suisse upgraded Tellurian to outperform, saying LNG prices are high and may continue to be for the foreseeable future.Wynn Resorts — Shares of the casino and resort operator’s shares advanced 1.1% after an upgrade […]