Japan tech giant SoftBank posts $23 billion quarterly loss
TOKYO — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global…
AP Wire
US employers add 528,000 jobs; unemployment falls to 3.5%
WASHINGTON (AP) — Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs…
Amazon to buy vacuum maker iRobot for $1.66 billion
Amazon today announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.66 billion. The company sells its robots…
EXPLAINER: How do we know when a recession has begun?
WASHINGTON — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if…
DraftKings: Q2 earnings snapshot
BOSTON — DraftKings Inc. today reported a loss of $217.1 million in its second quarter. On a per-share basis, the company said it had a…
Alibaba revenue beats expectations despite contraction
HONG KONG — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was…
Long-term mortgage rates under 5% for 1st time in 4 months
WASHINGTON — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up…
Applications for US jobless claims up again last week
WASHINGTON — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one…
Kellogg: Q2 earnings snapshot
BATTLE CREEK, Mich. — Kellogg Co. today reported second-quarter net income of $326 million. On a per-share basis, the company said it had net income…
‘Stray’ cat video game brings some benefits to real cats
NEW YORK — The virtual cat hero from the new video game sensation “Stray” doesn’t just wind along rusted pipes, leap over unidentified sludge and…