Japan PM Shinzo Abe says he’s resigning for health reasons
TOKYO — Japan’s longest-serving prime minister, Shinzo Abe, said today he is stepping down because a chronic health problem has resurfaced. He told reporters that…
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Hibbett: Fiscal 2nd quarter earnings snapshot
BIRMINGHAM, Ala. — Hibbett Sports Inc. today reported fiscal second-quarter net income of $40.4 million, after reporting a loss in the same period a year…
US long-term mortgage rates fall; 30-year at 2.91%
WASHINGTON — U.S. average rates on long-term mortgages fell this week, with historically low levels continuing to fuel demand for homes. Mortgage buyer Freddie Mac…
TikTok CEO resigns amid US pressure to sell video app
HONG KONG — TikTok CEO Kevin Mayer resigned today amid U.S. pressure for its Chinese owner to sell the popular video app, which the White…
US rolls out free app for alerts on vehicle recalls
DETROIT — The U.S. government’s road safety agency is offering a smartphone app that will alert drivers if their vehicles are recalled. The National Highway…
More Americans sign contracts to buy homes in July
SILVER SPRING, Md. — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The…
Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON — The Federal Reserve announced a significant change today in how it manages interest rates by saying it plans to keep rates near zero…
U.S. economy plunged an annualized 31.7% in second-quarter
BALTIMORE (AP) — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of…
More than 1 million Americans applied for jobless benefits
WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as…
Dollar General: Fiscal 2nd quarter earnings snapshot
GOODLETTSVILLE, Tenn. — Dollar General Corp. today reported fiscal second-quarter profit of $787.6 million. The company said it had profit of $3.12 per share. The…