Bank of England raises rates by half-point to tame inflation
LONDON — The Bank of England raised interest rates by half a percentage point today, marking its biggest interest rate increase in more than 27…
AP Wire
Toyota profit down as chips shortage keeps customers waiting
TOKYO — Toyota’s profit fell nearly 18% in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry…
Analysis: How the climate deal would help farmers aid the environment
ST. LOUIS — The climate deal reached last week by Senate Democrats could reduce the amount of greenhouse gases that American farmers produce by expanding…
OPEC+ boosts oil output by slower pace than previous months
The OPEC oil cartel and its allies decided today to boost production in September by a much slower pace than in previous months at a…
New crypto oversight legislation arrives as industry craters
WASHINGTON — A bipartisan group of senators today proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to…
Growing prescriptions help push CVS past Q2 expectations
CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims and COVID-19 test kits sales countered a drop in vaccinations. A…
Sri Lanka leader proposes 25-year plan for crisis-hit nation
COLOMBO, Sri Lanka — Sri Lanka’s new president said today that his government is preparing a national policy roadmap for the next 25 years that…
Inflation weighs on back-to-school buying for many families
NEW YORK — To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like…
U.S. job openings slid to 10.7 million in June
WASHINGTON — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. Job openings fell to…
Caterpillar post strong Q2 profit as it raises prices
DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations with higher prices for machinery offsetting rising costs. The manufacturer…