WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy.
WASHINGTON (AP) — For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point ...
WASHINGTON (AP) — The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn't in a recession despite high inflation and the Federal Reserve's fastest pace of interest rate hikes in four decades.
Wall Street adds more to its big January after strong week
How major US stock indexes fared Friday 1/27/2023
Visa, L3Harris rise; Intel, Eastman Chemical fall
Closing prices for crude oil, gold and other commodities
Asian shares edge higher, tracking Wall Street rally
Off the charts
Signals point to gentler Federal Reserve in 2023
Wall Street braces for earnings to get hit by inflation
Mortgage rates' rise has led to wide gap with US bond yields
Pain, few gains for investors as markets slumped in 2022
Wall Street may get much worse in 2023 before getting better
The world has enough rare earth minerals and other critical raw materials to switch from fossil fuels to renewable energy to produce electricity and limit global warming, according to a new study that counters concerns about the supply of such minerals.
LONDON (AP) — Britain’s Treasury chief said Friday that taming inflation is more important than cutting taxes, resisting calls from some in the governing Conservative Party for immediate tax breaks for businesses and voters.
NEW YORK (AP) — Amazon is axing free grocery delivery for Prime members on orders less than $150.
Customers who get their groceries delivered from Amazon Fresh -- and pay less than $150 — will be charged between $3.95 and $9.95, depending on the order size, the company said in an email to Prime members Friday.
Small businesses to tackle long list of challenges in 2023
Inflation dampens otherwise bright small biz holiday season
House panel says lax screening helped facilitate PPP fraud
Is now the right time for your business to buy real estate?
NYC public employees among 19 accused of pandemic aid fraud
CHEYENNE, Wyo. (AP) — The Federal Reserve Board has denied a Wyoming cryptocurrency bank's application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry's attempts to build acceptance in mainstream U.S.
STOCKHOLM (AP) — Low-cost fashion brand H&M said Friday that shutting down its business in Russia and Belarus had a significant negative impact on its results, while increases in the costs of raw materials and freight and a strong U.S.
NEW YORK (AP) — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy.
NEW YORK (AP) — Credit ratings company Fitch has raised Greece’s credit rating to one notch below investment grade.
In a report issued Friday, Fitch estimates that Greece's deficit will shrink to 1.8% of its gross domestic product in 2024 from an estimated 3.8% last year.
SAN JUAN, Puerto Rico (AP) — Jamaican sprinter Usain Bolt told reporters Friday that he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud that began more than a decade ago.
WASHINGTON (AP) — Tesla CEO Elon Musk and a pair of top aides to President Joe Biden met in Washington on Friday to discuss the electric vehicle industry and the broader goal of electrification.
Musk and Biden did not meet, White House press secretary Karine Jean-Pierre said.
North Dakota landowners testified for and against a carbon capture company’s use of eminent domain Friday, as Summit Carbon Solutions moves forward in constructing a massive underground system of carbon dioxide pipelines spanning 2,000 miles across several states and under hundreds of people’s homes and farms in the Midwest.
The families of five passengers killed in a 2022 plane crash off the North Carolina coast have settled wrongful death lawsuits against the companies that owned the plane and employed the pilot and the pilot's estate for $15 million, family representatives announced Friday.
LANSING, Mich. (AP) — The Michigan Legislature will set aside $200 million out of about $1 billion in spending for a paper mill in the Upper Peninsula, while also setting aside more money for the state's economic development fund.
A Trader Joe’s store in Louisville, Kentucky, has become the grocery chain's third to vote to unionize.
Workers at the store voted 48-36 in favor of the union Thursday evening, according to the National Labor Relations Board, which conducted the election.
WASHINGTON (AP) — For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat.
WASHINGTON (AP) — They are now among the most powerful women in Congress. But when they were first elected in the 1990s, they were often overlooked, or even talked down to.
Rep. Kay Granger, R-Texas, remembers that men would avoid asking her questions, addressing other men in the room instead.
PORTLAND, Maine (AP) — A proposal aimed at restricting long-term debt necessary to create a consumer-owned electric utility has enough signatures to appear on the November ballot in Maine.
The secretary of state confirmed Thursday that the threshold was met for the Central Maine Power-backed proposal to appear on the ballot.
WARSAW, Poland (AP) — Two people were killed Friday when a suspected gas explosion demolished half of an old Evangelical parish house in the southern Polish city of Katowice, officials said.
The morning blast injured seven other people, according to the regional governor, Jaroslaw Wieczorek.
NEW ORLEANS (AP) — As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered — abandoned, they allege, by their offshore oil industry employer as the hurricane bore down.
AUGUSTA, Maine (AP) — A moving and storage company in Maine has agreed to pay a $125,000 fine and refrain from using a misleading email address to threaten customers who leave negative reviews, according to the state attorney general's office.
DETROIT (AP) — Ford is recalling nearly 383,000 SUVs in the U.S. because the touch screens may not display a camera image when backing up.
The recall covers certain 2020 to 2023 Ford Explorers and Lincoln Aviators, and some 2020 to 2022 Lincoln Corsairs.
Between financially helping his parents and losing income as a result of the COVID-19 pandemic, Jeremy Mazza landed into serious credit card debt. Relief came from a source he wasn’t expecting: his partner, Ginna Lambert, who had come into a small inheritance.
NEW DELHI (AP) — Shares in India’s Adani Group plunged up to 20% on Friday and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that have led investors to dump its stocks.
BERLIN (AP) — A senior German official said Friday that she hopes her country will receive hydrogen made with renewable energy from Australia by 2030.
The two countries have stepped up plans for cooperation on clean energy as Germany tries to find replacements for Russian gas supplies while pursuing an ambitious policy of reducing its emissions to “net zero” by 2045.
SEOUL, South Korea (AP) — South Korea says it will continue to restrict the entry of short-term travelers from China through the end of February over concerns that the spread of COVID-19 in that country may worsen following the Lunar New Year’s holidays.
FRANKFORT, Ky. (AP) — A Kentucky stainless steel plant is spending $244 million to expand its facility in Carroll County, one of several economic development projects announced by Gov. Andy Beshear this week.
The manufacture of "green steel" moved one step closer to reality Friday as Massachusetts-based Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal.
BANGKOK (AP) — The production of opium in Myanmar has flourished since the military's seizure of power, with the cultivation of poppies up by a third in the past year as eradication efforts have dropped off and the faltering economy has led more people toward the drug trade, according to a United Nations report released Thursday.
LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices.
Restaurants are beginning the new year with a recurring problem: labor shortages.
Chipotle said Thursday it’s looking to hire 15,000 people in North America to ensure its stores are staffed up ahead of its busy spring season.
American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month.
PORTLAND, Ore. (AP) — A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”
The Multnomah County jury’s award this week to Portland resident Rose Wakefield, 63, included punitive damages of $550,000.
PAWTUCKET, R.I. (AP) — Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025.
The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My Little Pony toys said the layoffs amount to 15% of its global full-time workforce.
FORT WORTH, Texas (AP) — Boeing pleaded not guilty Thursday to a charge that it misled regulators who approved its 737 Max, the plane that was involved in two crashes that killed 346 people.
Family members of passengers who died gave emotional testimony, calling for criminal prosecution of top Boeing officials.
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus.
Associated Press (AP) — As more organic dairy farmers are forced out of business by an economic crisis facing them, Vermont advocates and farmers are seeking a one-time state appropriation of $9.2 million to help existing organic dairies survive.
ALBUQUERQUE, N.M. (AP) — The U.S. government has long struggled to find a permanent solution for storing or disposing of spent nuclear fuel from commercial nuclear power plants, and opposition to such a site is flaring up again as New Mexico lawmakers debate banning a facility without state consent.
NEW YORK (AP) — Payment processing giant Visa Inc. said Thursday that its profits rose 6% in its latest quarter from a year earlier, helped by the continued rise of digital payments across the globe.
CHEYENNE, Wyo. (AP) — Wyoming could join a handful of states that have begun paying homeowners and businesses less for surplus electricity from their rooftop solar panels under a bill in the state Legislature.
Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared.
The S&P 500 rose 1.1% Thursday after briefly dipping lower in late morning trading.
The Food and Drug Administration said Thursday there are too many unknowns about CBD products to regulate them as foods or supplements under the agency’s current structure and called on Congress to create new rules for the massive and growing market.
NEW YORK (AP) — Bed Bath & Beyond said Thursday that it's in default on its loans and doesn't have sufficient funds to repay what it owes.
The home goods chain said in a Securities and Exchange Commission filing that the default would force it to consider alternatives including restructuring its debt in bankruptcy court.