More buyers opt for adjustable-rate mortgages as rates rise
LOS ANGELES — Rising interest rates are making adjustable-rate mortgages an increasingly attractive alternative to common 30-year, fixed-rate home loans. ARMs made up 13% of…
AP Wire
More Americans apply for jobless benefits last week
WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low….
Spirit tells shareholders to reject hostile bid from JetBlue
Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create…
Kohl’s: Fiscal Q1 earnings snapshot
MENOMONEE FALLS, Wis. — Kohl’s Corp. today reported fiscal first-quarter earnings of $14 million. The company said it had net income of 11 cents per…
Park outdoors: Ford recalls SUVs due to engine fire risk
DETROIT — Ford is asking the owners of 350,000 vehicles in United States to take them to dealers for repairs in three recalls, including about…
UN drops forecast for global economic growth in 2022 to 3.1%
UNITED NATIONS — The United Nations today significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in…
US, banks, unveil plan to ease food crisis from Russia’s war
BONN, Germany — The U.S., several global development banks and other groups unveiled a multi-billion dollar plan today meant to address a worldwide food security…
Target feels inflation’s sting in Q1, shares plunge
NEW YORK — Target took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most…
EU rushes out $300 billion roadmap to ditch Russian energy
BRUSSELS — The European Union’s executive arm moved today to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in…
Lowe’s: Fiscal Q1 earnings snapshot
MOORESVILLE, N.C. — Lowe’s Cos. today reported fiscal first-quarter earnings of $2.33 billion. On a per-share basis, the company said it had profit of $3.51….