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 nears highest level since summer as stocks rise
Closing prices for crude oil, gold and other commodities
Asian shares edge higher, tracking Wall Street rally
How major US stock indexes fared Thursday 1/26/2023
Tesla, Chevron rise; Wolfspeed, Southwest fall
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.
US economy slowed but still grew at 2.9% rate last quarter
Yellen says Africa to shape world economy as US reengages
UN forecasts fall in global economic growth to 1.9% in 2023
Asian shares mixed on hopes for avoiding recession
Germany sees brighter outlook for Europe's largest economy
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
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.
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.
LANSING, Mich. (AP) — The Michigan Legislature will set aside $200 million dollars out of its 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.
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.
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.
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.
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.
ST. PAUL, Minn. (AP) — The Biden administration moved Thursday to protect northeastern Minnesota's pristine Boundary Waters Canoe Area Wilderness from future mining, dealing a potentially fatal blow to a copper-nickel project.
OMAHA, Neb. (AP) — The contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns about demanding schedules that keep many of them on call 24-7 without paid sick time.
Hundreds of climate and environmental groups from around the world released a letter Thursday that decried the nomination of an oil executive to oversee the United Nations climate negotiations at COP28 this year.
Benchmark U.S. crude oil for March delivery rose 86 cents to $81.01 a barrel Thursday. Brent crude for March delivery rose $1.35 to $87.47 a barrel.
Wholesale gasoline for February delivery rose 2 cents to $2.61 a gallon.
NEW YORK (AP) — HarperCollins Publishers and the union representing some 250 striking employees have agreed to enter into federal mediation, the first sign of a possible settlement since the work stoppage began in early November.
MOSCOW (AP) — An independent news website that has been critical of Russia's military action in Ukraine was declared “undesirable” by the government Thursday, effectively outlawing its operation within the country as part of the Kremlin's latest crackdown on dissent.
DETROIT (AP) — A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people and injured dozens of others.
THE HAGUE, Netherlands (AP) — International Criminal Court judges on Thursday cleared the way for the court's prosecution office to resume its investigation into the so-called war on drugs in the Philippines.
LONDON (AP) — A lawyer for Eva Green alleged Thursday that producers of a collapsed film tried to damage the French actress’ reputation by depicting her as a “diva.”
The performer, who played Vesper Lynd in James Bond thriller “Casino Royale,” is suing producers for a $1 million fee she says she is owed for “A Patriot."