US economy drops at 0.6% annual rate from April through June
WASHINGTON — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the…
AP Wire
Fewer people seek US unemployment aid amid solid hiring
WASHINGTON — The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and…
Germany to spend billions to tackle high energy prices
BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses as surging energy prices due to the…
Bed Bath & Beyond: Fiscal Q2 earnings snapshot
UNION, N.J. — Bed Bath & Beyond Inc. today reported a loss of $366.2 million in its fiscal second quarter. The Union, New Jersey-based company…
Floods trap many in Florida as Ian heads to South Carolina
PUNTA GORDA, Fla. — Rescue crews piloted boats and waded through flooded streets Thursday to save thousands of Floridians trapped after Hurricane Ian destroyed homes…
Porsche shares rise in one of Europe’s largest market debuts
FRANKFURT, Germany — Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion…
Harris, Yellen focus on community finance at Freedman Forum
WASHINGTON — Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year’s Freedman’s Bank Forum to highlight how federal coronavirus pandemic…
UK central bank intervenes in market to halt economic crisis
LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy…
Network nightly newscasts morph, adapt for the streaming age
NEW YORK — For more than half a century, ABC, CBS and NBC have aired evening newscasts each weeknight on television. This fall, the competition…
Alzheimer’s drug shows promise in early results of study
Shares of Biogen and other drugmakers researching Alzheimer’s disease soared early today after Japan’s Eisai Co. said its potential treatment appeared to slow the fatal…