Lebanese banks decide to stay shuttered, over security fears
BEIRUT — Lebanon’s banks will remain closed indefinitely after rejecting a proposed government security plan, a senior official with the country’s commercial banks association said…
AP Wire
Bank of England hikes rates but avoids more aggressive step
LONDON — Britain’s central bank raised its key interest rate today by another half-percentage point to the highest level in 14 years, but it avoided…
More than 1 million Teslas recalled because windows can pinch fingers
DETROIT — Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person’s fingers when being rolled up. Tesla…
Walmart, Target begin holiday early to ease inflation sting
NEW YORK — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by…
Turkish central bank lowers interest rate to 12%
ISTANBUL — Turkey’s central bank delivered another interest rate cut today, moving the opposite way from world economies that are raising rates to combat soaring…
Darden Restaurants: Fiscal Q1 earnings snapshot
ORLANDO, Fla. — Darden Restaurants Inc. today reported fiscal first-quarter earnings of $193 million. On a per-share basis, the company said it had net income…
Japan central bank acts to stem yen’s decline against dollar
TOKYO — Japan’s central bank took the unusual step today of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier…
Swiss central bank enacts biggest-ever hike to key rate
GENEVA — Switzerland’s central bank carried out the biggest hike ever to its key interest rate today, following the U.S. Federal Reserve and other central…
Fed escalates its inflation fight with another big rate hike
WASHINGTON — Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate today by a substantial three-quarters of a point…
After 99 days in decline, price for gasoline up a penny
After 99 consecutive days of declining gasoline prices, the cost for a gallon edged a penny higher today. The national average price rose to about…