Weekly commodity wrap-up
Inflation Flies Over 6%, Gold Goes Wild Goldbugs, silver bulls and concerned investors rushed back to the futures markets all week as the U.S. Labor…
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Americans quit their jobs at record pace for 2nd month
WASHINGTON — Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers posted a near-record…
Johnson & Johnson to split into 2 companies
Johnson & Johnson is splitting into two companies, peeling off the division selling Band-Aids and Listerine from its medical device and prescription drug business. The…
Study: US shoppers outspend Chinese to restore luxury market
MILAN — The personal luxury market of high-end accessories, leather goods and apparel has snapped back to pre-pandemic levels as U.S. shoppers outspent those in…
EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave. For months, many economists had sounded…
UK economic growth held back by supply chain problems
LONDON — The British economy slowed down during the third quarter of the year as widespread supply chain problems hobbled the recovery from the coronavirus…
Europe’s economic recovery faces hit from high energy costs
FRANKFURT, Germany — The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying today that the economy…
Dyersville company unveils solar energy system, teases upcoming expansion
DYERSVILLE, Iowa — A Dyersville-based company has unveiled a new solar energy system and teased that the project opens the door for future expansion. FarmTek,…
US budget deficit eases to $165 billion in October, down 42%
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging…
US average long-term mortgage rates fall; 30-year at 2.98%
WASHINGTON — Average long-term mortgage rates in the U.S. fell this week, as the key 30-year rate again retreated below the 3% mark. Mortgage buyer…