A third of Brits say they can’t keep up with inflation

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A study found 77 percent are “concerned” about rising inflation and the impact on their bills and living expenses. And 55 percent of 2,000 people quizzed for Moneybox have already tried to offset rising costs by giving up luxuries or non-essentials.

Now the savings and investment app has created an Inflation Time Machine at moneyboxapp.com/inflation-calculator to help people get to grips, helping them to offset price rises over time.

Charlotte Oates at Moneybox said: “The trouble with inflation is that it’s often only felt once your money has been spent, and you realise it isn’t stretching as far as it used to.

“The Inflation Time Machine will help give you a clearer picture of how you might be affected, so you can plan ahead and still make progress towards achieving your financial goals.”

The survey also found 28 percent are budgeting more while 25 percent are trying to boost savings.

Others, found OnePoll, are selling spare things (23 percent), going out less (22 percent) and buying second-hand (17 percent).

Ryder System Inc. Q4 Profit Increases, beats estimates

Ryder System Inc. (R) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $181.1M, or $3.35 per share. This compares with $25.6 million, or $0.48 per share, in last year’s fourth quarter.

Excluding items, Ryder System Inc. reported adjusted earnings of $190.2 million or $3.52 per share for the period.

Analysts on average had expected the company to earn $2.47 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.6% to $2.60 billion from $2.21 billion last year.

Ryder System Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $181.1M. vs. $25.6 Mln. last year.
-EPS (Q4): $3.35 vs. $0.48 last year.
-Analyst Estimate: $2.47
-Revenue (Q4): $2.60 Bln vs. $2.21 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.20 – $2.35

Retail sales rise faster than expected in January despite surging inflation

New, used car prices rev up due to inflation, chip shortages

FOX Business’ Jeff Flock reports from a car dealership in Philadelphia, Pennsylvania, while dealers across America face record-low inventory and high prices.

U.S. consumers accelerated their retail spending in January as COVID-19 cases eased nationwide, even as they confronted the hottest inflation in four decades.

Retail sales, a measure of how much consumers spent on a basket of goods ranging from cars to food and gasoline, rose 3.8% from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitv expected sales to rise 2%. It marked a sharp rebound from December, when sales unexpectedly dropped 2.5%. 

This is a developing story. Please check back for updates.

EnLink Midstream Climbs After Turning To Profit In Q4

EnLink Midstream, LLC (ENLC) shares are gaining on Wednesday morning trade after the company reported profit for the quarter, compared to net loss last year. Total revenues for the period more than doubled. The Dallas-based oil and gas midstream company also provided earnings outlook for 2022.

Looking ahead to 2022, the differentiated energy company expects net income in a range of $230-$310 million.

Currently, shares are at $8.86, up 6.42 percent from the previous close of $8.33 on a volume of 597,840. The shares have traded in a range of $3.85-$9.01 on average volume of 2,382,861.

‘Taste’ Review: A Slow, Sensual Hallucination Set in Vietnam

The first feature film from the director Le Bao is a spare series of handsome tableaux that ultimately feels undercooked.

By Wesley Morris

When you purchase a ticket for an independently reviewed film through our site, we earn an affiliate commission.

Wix Shares Slip 24% As Q4 Loss Widens, Misses Street View

Shares of website creator Wix.com Ltd. (WIX) are down 24 percent on Wednesday’s trading after the company posted wider loss in the fourth quarter, impacted by Covid-19 induced volatile market conditions and higher operating expenses. The company’s adjusted loss missed the Street view.

For the fourth quarter, the company posted a loss of $111.01 million or $1.94 per share, compared with a loss of $11.42 million or $0.20 per share last year.

The company’s adjusted loss was $21.11 million or $0.37 per share as against a loss of $1.63 million or $0.03 per share in the year-ago quarter. Fifteen analysts, on average, polled by Thomson-Reuters were estimating the firm to report loss per share at $0.38.

The company’s revenues rose to $328.34 million from $282.53 million in the previous-year quarter, while analysts were looking for revenues of $331.16 million.

Currently at $87.48, the stock has traded between $83.16 and $362.07 during the past 52 weeks.