US outlines plan for long-term baby formula imports
WASHINGTON — U.S. regulators on Friday unveiled their plan to allow foreign baby formula manufacturers to stay on the market long term, an effort to…
AP Wire
Brainard warns US rates to stay high, notes global impact
WASHINGTON — Federal Reserve Vice Chair Lael Brainard said today that U.S. interest rates will likely have to remain high for an extended period to…
Resilient US consumers spend slightly more in August
WASHINGTON — Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices…
Inflation hits record 10% in 19 EU countries using euro
FRANKFURT, Germany — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar,…
Unpaid internships face new scrutiny as barriers to careers
The value of an internship is unmistakable. It teaches marketable skills, it builds professional networks, and it helps students test-drive careers. But the benefits are…
China’s Geely buys 7.6% stake in Aston Martin Lagonda
BEIJING — Geely Holding Group, one of China’s biggest independent automakers, has bought a 7.6% stake in British luxury brand Aston Martin Lagonda and said…
China manufacturing weak, adding to economy pressure
BEIJING — Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed today, adding to pressure…
Japan to pay up to $320 million for US company’s chip production
TOKYO (AP) — Japan is providing a major U.S. chipmaker a subsidy of up to 46.6 billion yen ($322 million) to support its plan to…
EXPLAINER: How do we know when a recession has begun?
WASHINGTON — The economy shrank in the first half of this year, the government confirmed in a report Thursday, underscoring fears of a broad-based slowdown…
Treasury moves forward with database on corporate ownership
WASHINGTON (AP) — Tens of millions of small U.S. companies will be required to provide the government with details on their owners and others who…