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Longer-term inflation expectations ticked higher in April, according to a survey released by the Federal Reserve Bank of New York on Monday, challenging the central bank’s efforts to bring price pressures down. Respondents to a poll by the New York Fed see inflation rising by 3.9% three years from now, up from a 3.7% rise they predicted in the March survey. Meanwhile, respondents believe inflation one year from now will rise by 6.3%, down from March’s 6.6% level. Longer-term inflation…

India's largest telecom operator Reliance Jio on Friday posted an about 24 per cent jump in standalone net profit at Rs 4,173 crore for the fourth quarter ended March 2022, amid better realisation per user aided by tariff hike, better subscriber mix and FTTH services ramp-up.The standalone revenue from operations increased by about 20.4 per cent year-on-year to Rs 20,901 crore.Mobile SIM consolidation after the tariff hike in the last December led to a net reduction of 10.9 million in customer base in 4Q FY22.For Jio…

DoorDash Inc.’s DASH -1.42% revenue rose last quarter, showing that consumers stuck to getting food and household essentials delivered even as more restaurants and stores reopened.Revenue for the three months ended March grew 35% to $1.46 billion from a year earlier, when fresh Covid-19 concerns caused people to hunker down. Analysts surveyed by FactSet on average had predicted $1.38 billion in revenue. The rate of growth for the quarter marked a sharp slowdown. The…