EXPLAINER: How do we know when a recession has begun?
WASHINGTON — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if…
AP Wire
DraftKings: Q2 earnings snapshot
BOSTON — DraftKings Inc. today reported a loss of $217.1 million in its second quarter. On a per-share basis, the company said it had a…
Alibaba revenue beats expectations despite contraction
HONG KONG — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was…
Long-term mortgage rates under 5% for 1st time in 4 months
WASHINGTON — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up…
Applications for US jobless claims up again last week
WASHINGTON — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one…
Kellogg: Q2 earnings snapshot
BATTLE CREEK, Mich. — Kellogg Co. today reported second-quarter net income of $326 million. On a per-share basis, the company said it had net income…
‘Stray’ cat video game brings some benefits to real cats
NEW YORK — The virtual cat hero from the new video game sensation “Stray” doesn’t just wind along rusted pipes, leap over unidentified sludge and…
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…
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…