U.S. jobless claims drop 13,000 to 553,000
WASHINGTON — The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last…
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Caterpillar 1Q sales rise as dealers boost inventory levels
Caterpillar’s sales rose in the first quarter as market conditions for the machinery company begin to improve and dealers increase their inventory levels. Revenue climbed…
German unemployment steady in April despite lockdown
BERLIN — Unemployment in Germany remained steady in April, according to official figures today, as pandemic lockdown measures in Europe’s largest economy appeared not to…
US economy accelerated at a robust 6.4% rate last quarter
WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government…
Domino’s Pizza: Q1 earnings snapshot
ANN ARBOR, Mich. — Domino’s Pizza Inc. today reported first-quarter profit of $117.8 million. The company said it had net income of $3 per share….
MasterCard: Q1 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. (MA) on today reported first-quarter profit of $1.83 billion. The company said it had net income of $1.83 per share….
Fed keeps key rate near zero, sees inflation as ‘transitory’
WASHINGTON — The Federal Reserve is keeping its ultra-low interest rate policies in place, a sign that it wants to see more evidence of a…
Explainer: Capital gains tax hike targets wealthy investors
NEW YORK — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the…
Restructuring Deutsche Bank shows best quarter in 7 years
FRANKFURT, Germany — Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring achieved lower costs and as the bank…
Pizza Hut, KFC, Taco Bell sales bounce as restrictions ease
LOUISVILLE, Ky. — Profit for the company that runs Pizza Hut, Taco Bell and KFC restaurants more than tripled during the first quarter and same-store…