U.S. jobless claims inch down as labor market remains tight
The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at…
AP Wire
UK central bank hikes rates like Fed amid financial turmoil
LONDON — The Bank of England focused on fighting inflation, announcing an 11th consecutive interest rate increase today despite concerns about the economic fallout from…
Ford says EV unit losing billions, should be seen as startup
DETROIT — Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount…
Credit Suisse deal halted crisis, Swiss central bank says
GENEVA — The Swiss central bank hiked its key interest rate today and insisted that a government-orchestrated takeover of troubled Credit Suisse by rival bank…
Launch debut of 3D-printed rocket ends in failure, no orbit
CAPE CANAVERAL, Fla. — A rocket made almost entirely of 3D-printed parts made its launch debut Wednesday night, lifting off amid fanfare but failing three…
Pro-labor? Biden aims to prove it with unionized 2024 staff
WASHINGTON — Joe Biden likes to say he’s the most pro-union president in U.S. history. When he announces his expected reelection campaign in the coming…
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON — The Federal Reserve extended its year-long fight against high inflation today by raising its key interest rate by a quarter-point despite concerns that…
GameStop leads meme stock rally in pandemic trade comeback
Meme stocks jumped today after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter,…
Wall Street holds steady ahead of Fed decision on rates
NEW YORK — Stocks are holding steady today as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it…
TikTok CEO to tell Congress app is safe, urge against ban
WASHINGTON — TikTok’s CEO plans to tell Congress that the video-sharing app is committed to user safety, data protection and security, and keeping the platform…