Report: Federal debt lower in 2022; poised to climb
The Congressional Budget Office said today that the end of pandemic-era spending, fast economic growth and higher tax revenues have caused the federal debt this…
AP Wire
Spirit Airlines shareholders face much-delayed merger vote
Spirit Airlines shareholders could pick a preferred buyer for their airline today, as they voted on one of the offers for the budget carrier. Shareholders…
DOJ: Warren Buffett’s mortgage company redlined in Philly
NEW YORK — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s Berkshire Hathaway discriminated against potential Black and Latino homebuyers in Philadelphia, New…
China rejects report it tried to obtain Federal Reserve data
BEIJING — China’s government today rejected as a “political lie” a report by The Wall Street Journal that Beijing tried to recruit informants in the…
Boeing reports Q2 profit but misses Wall Street expectations
Boeing Co. reported a $193 million profit for shareholders in the second quarter, but the results fell short of Wall Street targets for earnings and…
Big pink diamond discovered in Angola, largest in 300 years
JOHANNESBURG (AP) — A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found…
Sherwin-Williams: Q2 earnings snapshot
CLEVELAND — Sherwin-Williams Co. today reported second-quarter earnings of $577.9 million. The company said it had net income of $2.21 per share. Earnings, adjusted for…
No one wins U.S. Mega Millions, jackpot now over $1 billion
DES MOINES — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the…
Energy Dept. backs $2.5 billion loan to GM venture for EV batteries
WASHINGTON — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from…
US economy sending mixed signals: Here’s what it all means
WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are…