Bloomberg Wendy’s Co became the latest restaurant chain to show signs of strain thanks to rising inflation, as second-quarter sales and restaurant margin fell short of Wall Street projections. Evidence of the inflation pressure on Wendy’s was twofold. First, it showed up in US same-store sales, which rose just 2.3% in the quarter ended July 3, the company said ...

  Bloomberg US consumer sentiment rises in early August to a three-month high on firmer expectations about economy and personal finances. Inflation expectations were mixed, with consumers boosting their longer-term views for prices slightly, while reducing their year-ahead outlook for costs. The University of Michigan’s preliminary sentiment index rose to 55.1 from 51.5 in July, data showed. Consumers expect prices ...

  Bloomberg Beijing wants India to reaffirm the “One China” policy as it seeks to shore up regional support after US House Speaker Nancy Pelosi’s visit to Taiwan, which triggered aggressive military drills by the Chinese military around the island. “We hope that the Indian side could openly reiterate its One China policy like many other countries,” Sun Weidong, China’s ...