Chip shortage leaves 95K GM vehicles incomplete in storage
DETROIT — The global shortage of computer chips forced General Motors to build 95,000 vehicles without certain components during the second quarter. The Detroit automaker…
AP Wire
Kohl’s sale falls apart in shaky retail environment
SILVER SPRING, Md. — The potential sale of the Kohl’s department store chain has fallen apart in a shaky retail environment of rising inflation and…
Ex-Alibaba employee says ex-boss should be charged with rape
TAIPEI, Taiwan — A former employee of Chinese e-commerce giant Alibaba has accused her then-manager of trying to rape her on a business trip last…
Inflation hits record 8.6% for 19 countries using the euro
LONDON — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s…
Key inflation gauge tracked by the Fed remains a high 6.3%
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from…
Slightly fewer Americans apply for jobless claims last week
WASHINGTON — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the…
Crypto rules to make Europe a global leader as prices plunge
LONDON — Europe prepared to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling…
OPEC+ oil boost likely not much help to high gasoline prices
NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely…
Walgreens: Fiscal Q3 earnings snapshot
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. today reported fiscal third-quarter earnings of $289 million. On a per-share basis, the company said it had profit…
China’s factory activity improves after Shanghai reopens
BEIJING — China’s manufacturing activity improved in June after anti-virus controls that shut down Shanghai and other industrial centers were eased, a survey showed today….