U.S. inflation falls to 3%, lowest level in more than 2 years, as price pressures ease
WASHINGTON — After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years —…
Articles by biztimes
How behavioral economics can help you save on airfare
It’s not just you: Shopping for airfare is harder than ever. Choosing between basic economy and regular economy fares and navigating add-on fees makes booking…
Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta
NEW DELHI — Electronics giant Foxconn backed out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd. due to “external issues…
EU fines U.S. firm Illumina $475 million for jumping gun on buyout of cancer-screening company Grail
BRUSSELS — The European Union today slapped a $475 million fine on U.S. biotech giant Illumina for buying out cancer-screening company Grail without the approval…
Wisconsin boy killed in sawmill accident was doing work allowed by state law, records suggest
MADISON, Wis. — A 16-year-old boy killed in an accident at a Wisconsin sawmill appears to have been doing work allowed by state child labor…
Bank of America to pay more than $100M for doubling fees, opening accounts without customer consent
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer…
Owners of 2003 Ram pickups urged to stop driving them after another Takata air bag inflator death
DETROIT — Stellantis is urging the owners of about 29,000 older Dodge Ram pickups to stop driving them after a passenger was killed by an…
Threats of a strike heating up even before UAW begins negotiations with automakers
DETROIT — Whenever the United Auto Workers union begins negotiating a new contract with Detroit’s three automakers, threats of a strike are typically heard on…
China’s auto sales rise 8.8% in first half of 2023, but growth is fading as economy cools
BEIJING — China’s auto sales rose 8.8% over a year earlier in the first half of 2023 as electric vehicle purchases surged, but growth is…
UK wages are rising at a record pace. That makes higher interest rates more likely
LONDON — Wages in the U.K. are rising at a record high rate amid stubbornly high inflation, official figures showed today, bolstering expectations that interest…