Retail sales rise 0.5% in March amid soaring inflation
NEW YORK (AP) — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers’…
AP Wire
US jobless claims rise but remain near a half-century low
WASHINGTON (AP) — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S….
European Central Bank faces pressure from record inflation
The head of the European Central Bank could drop more hints today about when the bank will start raising interest rates, with pressure increasing to…
Tesla issues 2nd recall for obstructing pedestrian warning
DETROIT — Tesla is recalling nearly nearly 595,000 vehicles in the U.S., most for a second time, because a “Boombox” function can play sounds over…
Elon Musk wants to buy Twitter, make it ‘maximally trusted’
In 10 days, Tesla CEO Elon Musk has gone from popular Twitter contributor and critic to the company’s largest individual shareholder to a would-be owner…
Ukraine says it damaged Russian flagship, crew evacuates
KYIV, Ukraine — Ukraine said its forces struck and seriously damaged the flagship of Russia’s Black Sea fleet, dealing a potentially major setback to Moscow’s…
Lots of broadband money, but U.S. expansion finds speed bumps
VICTORY, Vt. — For the 70-or-so people who live in the remote Vermont community of Victory, Town Clerk Tracey Martel says she’s regularly frustrated watching…
Producer prices surge 11.2% in March on higher energy costs
WASHINGTON — The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary…
JPMorgan profits drop 42%, bank writes off Russian assets
NEW YORK — JPMorgan Chase said its first quarter profits dropped by 42% from last year, partly because the bank wrote down nearly $1.5 billion…
Delta loses $940 million in Q1, but bookings, revenue, surge
Delta Air Lines lost $940 million in the first quarter yet bookings surged in recent weeks, setting up a breakout summer as Americans try to…