China’s yuan slides to 14-year low after US rate hikes
BEIJING — China’s yuan fell to a 14-year low against the dollar today despite central bank efforts to stem the slide after U.S. interest rate…
AP Wire
Ian swamps southwest Florida, trapping people in homes
ST. PETERSBURG, Fla. (AP) — Hurricane Ian, one of the most powerful storms ever recorded in the U.S., swamped southwest Florida on Wednesday, turning streets…
Hurricane Ian strikes Cuba, Florida braces for winds, floods
HAVANA — Hurricane Ian tore into western Cuba as a major hurricane Tuesday and left 1 million people without electricity, then churned on a collision…
U.S. consumers gaining confidence as gas prices keep falling
WASHINGTON — U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said today…
Fed’s Powell urges broader regulation for stablecoins
WASHINGTON — Federal Reserve Chair Jerome Powell said today that stablecoins will need greater regulation as they become more widely used by consumers. Powell also…
Wall Street opens higher a day after Dow entered bear market
NEW YORK — Stocks are opening solidly higher on Wall Street a day after the Dow Jones Industrial Average followed other major U.S. indexes in…
Walmart to cover fertility treatments under insurance plan
NEW YORK — Walmart is teaming up with a fertility startup to offer benefits under its insurance plan that will help its workers expand their…
Hurricane Ian strikes Cuba, Florida braces for winds, floods
HAVANA (AP) — Hurricane Ian tore into western Cuba as a major hurricane Tuesday and left 1 million people without electricity, then churned on a…
Pound stabilizes but turmoil continues for UK economy
LONDON — The British pound stabilized in Asian trading today after plunging to a record low a day earlier, as the Bank of England and…
Boston Fed’s Collins says ‘higher unemployment’ needed
WASHINGTON — Susan Collins, the new president of the Federal Reserve Bank of Boston, said today that a higher unemployment rate will be needed to…