Inflation gauge closely tracked by Fed falls to lowest level in over 2 years
WASHINGTON — A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021,…
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U.S. economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikes
WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily…
Weekly U.S. applications for jobless benefits slide to lowest level in 5 months
The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market…
EU opens antitrust investigation against Microsoft over Office and videoconferencing Teams bundling
BRUSSELS — The European Union announced today that it opened a formal antitrust investigation targeting Microsoft into the software company’s Teams messaging and videoconferencing app…
Shell earnings top $5 billion. But that’s nearly half what it pulled in months ago
Shell reported today that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during…
Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
FRANKFURT, Germany — Volkswagen saw after-tax earnings fall by 20% in the first half of the year, to 8.5 billion euros ($9.45 billion), as the…
Boeing loses $149 million in Q2 as the plane maker is pushing ahead with production increases
Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its…
A Fed still wary of inflation is set to raise rates to a 22-year peak. Will it be the last hike?
WASHINGTON — Even after inflation has steadily eased this year, the Federal Reserve’s policymakers still think prices are rising too fast and are almost certain…
Mega Millions jackpot rises to $910 million after no one wins top prize
The Mega Millions jackpot climbed to an estimated $910 million after Tuesday night’s drawing produced no big winners, extending a stretch of bad luck dating…
New leadership named for health system division that includes Dubuque hospital
New leadership has been named for a division of a health system that operates hospitals in Dubuque and Dyersville. Dr. Kurt Andersen will serve as…