T-shirts? Ice cream? Retailers cash in on Juneteenth
NEW YORK (AP) — Retailers and marketers have been quick to commemorate Juneteenth with an avalanche of merchandise from ice cream to T-shirts to party…
AP Wire
European Union executive: Make Ukraine a member candidate
BRUSSELS — The European Union’s executive arm today recommended making Ukraine a candidate for EU membership, a morale booster and a first step on what…
WTO ministers reach deals on fisheries, food, COVID vaccines
GENEVA — After all-night talks, members of the World Trade Organization early today reached a string of deals and commitments aimed to limit overfishing, broaden…
Average US mortgage rates jump by most in 35 years
WASHINGTON — Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate…
High gasoline prices crimping drivers’ spending at the pump
NEW YORK — Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full…
Firm behind popular US dollar stablecoin to launch Euro Coin
NEW YORK — Cryptocurrency company Circle said today that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this…
Fewer Americans apply for jobless aid last week
WASHINGTON — Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest…
Fed’s aggressive rate hikes raise likelihood of a recession
WASHINGTON — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying…
Production at bedeviled baby formula factory halted by storm
Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted after being closed for several months….
Revlon files for bankruptcy protection amid heavy debt load
NEW YORK — Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply…