A key US inflation gauge stayed at a high 6.2% in September
WASHINGTON — A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for…
AP Wire
Japan Cabinet OKs $200 billion spending plan to counter inflation
TOKYO — Japan’s Cabinet approved today a hefty economic package including 29 trillion yen ($200 billion) in government spending to counter the blow to household…
Germany sees unexpected growth in 3rd quarter; inflation up
BERLIN — The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed today. But the…
Oil giants rake in record profits amid high energy prices
Oil companies brought in record profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits…
Average long-term mortgage rate jumps above 7% this week
WASHINGTON — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the…
Drugmaker Merck tops 3Q forecasts as Keytruda sales jump 20%
Merck turned in a better-than-expected third quarter and raised its 2022 forecast as the drugmaker’s top seller brought in over a third of its revenue….
Altria inks new deal on heated cigarettes as sales slide
WASHINGTON — Marlboro-maker Altria has a new partner in its effort to bring a heat-not-burn cigarette to the U.S. market, one week after exiting a…
European Central Bank makes another large interest rate hike
FRANKFURT, Germany — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates today at the fastest…
McDonald’s third quarter sales boosted by higher prices
McDonald’s reported strong sales in the third quarter as it raised prices and used offers on its app to draw in customers Global same-store sales,…
Caterpillar: Q3 earnings snapshot
DEERFIELD, Ill. — Caterpillar Inc. today reported third-quarter net income of $2.04 billion. On a per-share basis, the Deerfield, Ill.-based company said it had profit…