China trade surges as global demand recovers from pandemic
BEIJING — China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but…
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DraftKings: Q1 earnings snapshot
BOSTON — DraftKings Inc. today reported a first-quarter loss of $346.3 million, after reporting a profit in the same period a year earlier. The Boston-based…
German factory production, exports up in March in good sign
BERLIN — Factory production and exports increased strongly in Germany in March, according to official statistics released today, developments that bode well for the second…
Despite soaring costs, local demand for new construction remains solid
Despite increasing material costs and growing price volatility, new home construction in the Dubuque area in 2021 is expected to keep pace with previous years….
EXPLAINER: Why patents on COVID vaccines are so contentious
The Biden administration’s call to lift patent protections on COVID-19 vaccines to help poor parts of the world get more doses has drawn praise from…
US average mortgage rates down slightly; 30-year at 2.96%
WASHINGTON — Mortgage rates fell slightly this week, marking their third straight week below 3% amid signs of the recovering economy’s strength. Mortgage buyer Freddie…
New York attorney general: Broadband industry behind fake FCC comments
The Office of the New York Attorney General said in a new report that a campaign funded by the broadband industry submitted millions of fake…
Productivity rebounds at solid 5.4% rate in first quarter
WASHINGTON — U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at…
US unemployment claims fall to a pandemic low of 498,000
WASHINGTON — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago…
Volkswagen profits jump as China leads pandemic rebound
FRANKFURT, Germany — Volkswagen Group’s after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as sales…