Powell: Fed could keep lifting rates sharply ‘for some time’
The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades.…
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Inflation eases as consumer prices rise 6.3% in July
The Commerce Department reported Friday that consumer prices were up 6.3% in July from a year earlier after posting an annual increase of 6.8% in…
Continue Reading US inflation slips from 40-year peak but remains high 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.…
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Netflix Q2 subscriber loss widens, but not as much as feared
Netflix Q2 subscriber loss widens, but not as much as…
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EXPLAINER: Twitter, Musk and the Delaware Chancery Court
Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but…
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Stocks waver as Wall Street braces for big hike in rates
Stocks are wavering through a shaky day of trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even…
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US inflation reached a new 40-year high in June of 9.1%
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in…
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US employers add a solid 372,000 jobs in sign of resilience
The unemployment rate remained at 3.6% for a fourth straight month, matching a near-50-year low that was reached before the pandemic struck in early…
Continue Reading Tribal leaders and feds reestablish Bears Ears Commission
By SAM METZ Associated Press SALT LAKE CITY (AP) — Federal officials and tribal nations have formally reestablished a commission to oversee land…
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US financial markets closed Monday for Juneteenth
NEW YORK (AP) — U.S. financial markets will observe the Juneteenth holiday for the first time Monday. Last year, Juneteenth was designated a…
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Bitcoin drops below $20,000 as crypto selloff quickens
By HALELUYA HADERO and KELVIN CHAN Associated Press NEW YORK (AP) — Bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh…
Continue Reading Frontier, Spirit add $250 million breakup fee to merger deal
DENVER (AP) — Frontier Airlines is sweetening its offer for Spirit Airlines just a week before Spirit shareholders vote on the deal. Spirit and…
Continue Reading California regulators approve state’s 1st robotic taxi fleet
By MICHAEL LIEDTKE AP Technology Writer California regulators on Thursday gave a robotic taxi service the green light to begin charging passengers…
Continue Reading Jennifer Kho named executive editor of Chicago Sun-Times
CHICAGO (AP) — Chicago Public Media on Thursday named Jennifer Kho to be the executive editor of the Chicago Sun-Times. Kho, the former managing…
Continue Reading Amazon said to be impeding House probe of warehouse collapse
By HALELUYA HADERO AP Business Writer Congressional Democrats are accusing Amazon of obstructing their investigation into the company’s labor…
Continue Reading Jury says it’s deadlocked in ‘We Build The Wall’ fraud trial
By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A jury said it was deadlocked Thursday in its deliberations of charges against a Colorado…
Continue Reading Coal pile slide buries, kills 2 at Colorado power plant
PUEBLO, Colo. (AP) — Two workers have been killed in a slide on a coal pile at a southern Colorado electricity generating plant. Witnesses say the…
Continue Reading How major US stock indexes fared Thursday
The Associated Press The stock market shook off a wobbly start and ended broadly higher Thursday, marking its first gain in this holiday-shortened…
Continue Reading MongoDB, Chewy rise; Ciena, Hewlett Packard Enterprise fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: MongoDB, Chewy rise; Ciena, Hewlett Packard Enterprise…
Continue Reading Go-broke dates pushed back for Social Security, Medicare
By FATIMA HUSSEIN and TOM MURPHY Associated Press WASHINGTON (AP) — A stronger-than-expected economic recovery from the pandemic has pushed back…
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