Carrefour and PepsiCo Wednesday said they had reached a deal for PepsiCo products to return to stores in France. Negotiations on returning PepsiCo brands to Carrefour stores in four other countries are ongoing, according to a person familiar with the matter.

FCA US First-Quarter Sales Fell 10%

FCA US, the North American unit of Stellantis, said it had total sales of 332,540 vehicles in the first quarter, down 10%.

The automaker said total plug-in hybrid vehicle first-quarter U.S. sales increased 82% year over year.

Rio Tinto Faces Possible Norway Fund Divestment Over Alleged Deforestation Links

The ethics adviser to Norway's giant sovereign-wealth fund is examining whether to recommend the investor sell its multibillion-dollar stake in miner Rio Tinto because of environmental concerns, according to people familiar with the matter.

The Council on Ethics, as the adviser is called, has told Rio Tinto in recent months that it is assessing the mining company for environmental damage from its operations in the Brazilian Amazon, according to a letter viewed by The Wall Street Journal.

Vodafone UK Joint Venture With Three Faces Further Regulator Scrutiny

Vodafone UK's planned joint venture with Three UK will come under greater scrutiny after the country's competition regulator submitted the deal for a more in-depth antitrust review.

The Competition and Markets Authority said Thursday that it is referring the proposed transaction-which seeks to combine two of the four U.K. mobile network operators-for a phase 2 investigation after the companies failed to offer any undertakings to solve competition concerns.


Powell Still Sees Room for the Fed to Cut Rates This Year

Stronger-than-anticipated economic activity this year hasn't changed the Federal Reserve's broad expectation that declining inflation will allow for interest-rate cuts this year, Chair Jerome Powell said Wednesday.

Powell pointed to signs that labor-market conditions are less tight than they have been in recent years, a view that has eased concerns that paychecks and prices might rise in tandem.

Oil, gold and the dollar are surging. Here's why that could derail the Fed's rate-cut outlook.

A global economic recovery is fueling a blistering commodities rally in 2024 - threatening to derail the Federal Reserve's efforts to curb inflation and potentially clouding its path to cutting interest rates by mid-year, according to market strategists.

From oil and gasoline to gold and silver, commodities have started the year on a high note, with some surging to levels not seen in years. The rally has helped stoke renewed inflationary fears among financial-market investors, and spurred worries that the U.S. central bank may have to keep borrowing costs higher for longer than expected.

Israel's Protest Movement Re-Emerges With Focus on Bringing Down Netanyahu

JERUSALEM-Israel's mass antigovernment protest movement has re-emerged after a sudden halt in the wake of the Oct. 7 attack, revitalized by the families of hostages and putting pressure on Prime Minister Benjamin Netanyahu over his handling of the war.

Whether the movement, which before the war drew half a million Israelis to the streets a week, can galvanize the same level of support will be a test of its potential to take down Netanyahu's right-wing, ultranationalist and religious government and force new elections.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

04-04-24 0534ET