JPMorgan profits fall; bank stores cash for coming downturn
NEW YORK — JPMorgan Chase & Co.’s third quarter profit fell by 17% from a year earlier, as the bank set aside roughly a billion…
AP Wire
Saudis: Biden administration sought to delay oil cuts until midterms
DUBAI, United Arab Emirates — Saudi Arabia said Thursday that the U.S. had urged it to postpone a decision by OPEC and its allies —…
Activist investor continues push for Kohl’s board shake-up
NEW YORK — An activist investor that has been pressing Kohl’s for a new strategy to turn around struggling operations is again attempting to shake…
How Social Security works and what to know about its future
NEW YORK — Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA)…
IMF chief urges aggressive fight against soaring inflation
WASHINGTON — The managing director of the International Monetary Fund urged global policymakers to prevent inflation from becoming “a runaway train” at a time of…
Walgreens beats fiscal 4Q forecasts, absorbs UK business hit
Walgreens Boots Alliance topped earnings forecasts for its final quarter of fiscal 2022, and the drugstore chain’s early look at 2023 also fell mostly above…
U.S. applications for jobless aid rise last week
WASHINGTON — The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in…
Saudis say US sought 1 month delay of OPEC+ production cuts
DUBAI, United Arab Emirates — Saudi Arabia said today that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies…
Social Security benefits to jump by 8.7% next year
WASHINGTON — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for…
US inflation pressures further intensified in September
WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay…