Weekly commodity wrap-up
Gas and crude blow up as Gulf sale is canceled Both natural gas and West Texas crude oil prices exploded into new contract highs today…
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FAA clears Verizon and AT&T to turn on more 5G cell towers
Federal safety regulators say they have cleared the way for Verizon and AT&T to power up more towers for new 5G service without causing radio…
After huge pandemic losses, governments see rapid rebound
State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are…
Hewlett Packard Enterprise wins $5 billion fraud suit vs UK tycoon
LONDON — Technology company Hewlett Packard Enterprise won a multibillion-dollar lawsuit today against a British businessmen it accused of fraud after purchasing his software business…
Kia recalls 410,000 vehicles; air bags might not work in crash
DETROIT — Kia is recalling more than 410,000 vehicles in the U.S. to fix a problem that can stop the air bags from inflating in…
A key inflation gauge rose 5.8% in 2021, most in 39 years
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk…
Caterpillar pushes through supply constraints in strong Q4
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of…
Hong Kong economy grows 6.4% in 2021
BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Economic output expanded by 4.8% over…
Lowe’s teams up with Petco to offer pet supplies, services
Lowe’s is teaming up with Petco to offer pet departments within its stores, betting that customers want cans of dog food along with their cans…
14.5 million get health care under Obama law, with help from Biden
WASHINGTON — At least 14.5 million Americans are getting private health insurance for this year under the Obama-era health law, thanks to help from the…