Key inflation gauge sets 40-year high
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher…
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Got a dime? Businesses seek Treasury help with coin shortage
WASHINGTON — Got a dime you can spare? Coins are in short supply — again. Retailers, laundromats and other businesses that rely on coins want…
Long-term mortgage rates rise again; 30-year breaches 4.5%
WASHINGTON — Average long-term U.S. mortgage rates rose again this week as the key 30-year loan rate vaulted over 4.5% and attained its highest level…
Size of COVID package could shrink to $10 billion as talks continue
WASHINGTON — The size of a bipartisan package to provide fresh spending to combat COVID-19 could shrink to $10 billion, Senate Republican Leader Mitch McConnell…
Kremlin decree: Foreign currency can still buy natural gas
ROME — “Unfriendly countries” can continue to pay for natural gas in foreign currency through a Russian bank that will convert the money into rubles,…
US airport security screening to become more gender-neutral
WASHINGTON (AP) — U.S. airport security procedures will become more gender-neutral, with changes to scanners used for screening and the use of an “X” for…
More Americans apply for jobless benefits; layoffs still low
WASHINGTON — More Americans applied for unemployment benefits last week, but layoffs remain at historic lows. Jobless claims rose by 14,000 to 202,000 for the…
A key inflation gauge sets 40-year high as gas and food soar
WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply…
Biden oil move aims to cut gas prices ‘fairly significantly’
WASHINGTON (AP) — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve…
OPEC sticks to modest boost in oil despite war jitters
LONDON — OPEC and allied oil producers including Russia have decided to stick to a modest increase in the amount of crude it pumps to…