Average long-term US mortgage rates retreat this week
WASHINGTON — Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its…
AP Wire
More Americans apply for jobless aid for 5th straight week
WASHINGTON — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the…
Sri Lanka’s central bank raises key rates to curb inflation
COLOMBO, Sri Lanka — Sri Lanka’s Central Bank has raised its key interest rates to their highest levels in more than 20 years to try…
Inflation pushed 71M people into poverty since Ukraine war
DUBAI, United Arab Emirates — A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy…
Fed: Sharply higher rates may be needed to quell inflation
WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much…
Apple to add ‘lockdown’ safeguard on iPhones, iPads, Macs
CUPERTINO, Calif. — Apple said it will roll out a “lockdown” option for iPhones, iPads and Mac computers intended to protect against spyware unleashed by…
US job openings slip, but employment landscape remains solid
WASHINGTON (AP) — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong….
Amazon faces UK investigation over anti-competitive concerns
LONDON — Britain’s competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for…
OPEC secretary-general dies, just weeks shy of departure
ABUJA, Nigeria — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced today. Only hours before…
Bank of England: Crypto crashes show need for tougher rules
LONDON — The Bank of England warned today that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for…