The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. And that’s before student loan payments restart in October.
Chocolate risks becoming even more expensive if West Africa’s new cocoa harvest ends in disappointment.
Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to expand production.
Ukraine’s defense ministry said it has destroyed a total of 5,000 drones fired by Russia since the Kremlin’s invasion 19 months ago, including 30 of 40 fired from Crimea overnight at two southern regions — Mykolaiv and Odesa - and the central region of Vinnytsia. Romania investigated a potential breach of its territory from the barrage, with its army searching for drone debris around Galati, close to Ukraine’s Danube River port of Reni.
Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.
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