US average long-term mortgage rates back under 7%, for now
WASHINGTON — The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate…
AP Wire
Slightly fewer Americans apply for jobless aid last week
WASHINGTON — Applications for jobless benefits fell slightly last week with the U.S. job market remaining resilient in the face of rising interest rates and…
Bank of England makes biggest interest rate hike in 30 years
LONDON — The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation…
Moderna misses on 3Q, shaves 2022 vaccine expectations
Sliding COVID-19 vaccine sales and rising expenses for Moderna combined to produce a third quarter that missed Wall Street expectations. The vaccine developer also said…
Inflation puts tighter squeeze on already pricey kids sports
It only took a few seconds for Rachel Kennedy to grab her phone after she left the checkout line at the sporting-goods store, where she…
Powerball prize up to $1.5 billion, 3rd-largest jackpot in U.S.
DES MOINES — The bad news is that no one won Wednesday night’s huge $1.2 billion Powerball jackpot. The good news is that means the…
Biden spending $4.5 billion to help lower home heating costs
WASHINGTON — The Biden administration said today it is making $4.5 billion available through a low-income home energy assistance program to help with heating costs…
USDA says more than $200M will help meat processors expand
OMAHA, Neb. — The Agriculture Department announced more than $223 million in grants and loans today to help small and mid-sized meat processing plants expand…
Ford quality chief retires as CEO tries to boost reliability
DETROIT — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high warranty claims and reliability issues. Stuart Rowley,…
CVS, Walgreens announce opioid settlements totaling $10 billion
CVS Health and Walgreen Co. announced agreements in principle today to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids,…