Inflation at wholesale level increases 1.0% in June
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains during the past 12 months up by a record 7.3%. The…
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Wells Fargo: 2nd quarter earnings snapshot
SAN FRANCISCO — Wells Fargo & Co. today reported second-quarter net income of $6.04 billion, after reporting a loss in the same period a year…
Bank of America’s 2nd quarter profit jumps, helped by fewer bad loans
NEW YORK — Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move…
With taxpayers’ help, Delta posts $652 million profit in 2Q
Delta Air Lines is reporting a $652 million profit in the second quarter, helped by hordes of vacation travelers in the U.S. and money from…
‘Riding the wave’: Despite pandemic, record number of new businesses launched in Iowa
A little more than three months ago, Abby Giblin opened her Dubuque beauty salon with high hopes and, admittedly, a bit of trepidation. Those fears…
Galena considers variety of options to curb downtown parking problems
GALENA, Ill. — Galena will maintain its outdoor dining program for the remainder of the summer as officials examine possible solutions to the city’s ongoing…
US deficit for current budget year climbs to $2.24 trillion
WASHINGTON — The U.S. government’s deficit for the first nine months of this budget year hit $2.24 trillion, keeping the country on track for its…
ConAgra raising prices to help offset rising costs
ConAgra is cutting its fiscal 2022 outlook due to rising costs, which the food company will try to offset by boosting prices. ConAgra, whose brands…
U.S. stocks wobble as investors weigh earnings, inflation
Stocks wobbled between small gains and losses in early trading today as investors weigh the latest quarterly earnings reports from big U.S. companies and concerns…
U.S. consumer prices surged in past year the most since 2008
WASHINGTON — American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is…