Starbucks sales are expected to hit a record high thanks to inflation

Starbucks Corp. is expected to report record quarterly sales, buoyed by higher prices, although profits are expected to fall amid labor tensions, rising ingredient costs and the COVID-19 shutdown in China, as the coffee chain has tried to expand. Starbucks SBUX, -2.89% It’s due to report its fiscal fourth-quarter earnings Thursday, and Wall Street will … Read more

The Federal Reserve and the White House unite for a day at the heart of Biden’s political problem

CNN – Two centers of power in Washington on Wednesday will reveal toxic political dynamics One of the most important economic issues A threat President Joe Biden Majority in Congress with midterm elections less than a week away. The Fed is likely to do so Lead to another historical interest rate hike And about half … Read more

BP’s profits more than double as calls for unexpected taxes grow

London CNN Business – BP’s profit more than doubled in the third quarter, extending a bumper range of profits for the largest company in the world Oil and gas companies It will add to the growing calls in Britain and the United States for higher taxes on unexpected profits. The UK based energy company Reported … Read more

America and Saudi Arabia are locked in a bitter battle over oil. The stakes are huge

New York CNN Business – The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most embarrassing. Angry officials in Washington vowed ‘consequences’ after Saudi leadership OPEC sharply cut oil production Earlier this month, it sent pump prices up … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

Biden has a major oil problem. Here’s what you need to know about the latest OPEC+ decision.

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. Washington CNN – With only weeks left until mid-term in November, there are four messages that haunt President Joe Biden and Democrats: OPEC. The Organization of the Petroleum Exporting Countries (OPEC) and … Read more

Why the current oil boom of Arab countries may be the last

Editor’s note: A version of this story first appeared on CNN’s newsreel around the same time in the Middle East, a three-times-a-week look at the region’s biggest news. Register here. Abu Dhabi CNN – The oil boom brought about by Ukraine war It made the energy-rich countries of the Middle East very rich Again. But … Read more