Energy agency: 10 steps would save 2.7M barrels of oil a day
BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on…
AP Wire
February home sales fall amid higher mortgage rates, prices
Sales of previously occupied U.S. homes fell in February as competition for a near-record low number of properties on the market drove prices higher and…
LL Bean sales grow 14% during second year of pandemic
FREEPORT, Maine — A greater interest in the outdoors during the pandemic helped to drive double-digit revenue growth for L.L. Bean, allowing the board to…
US sanctions Uganda gold dealer, citing illicit Congo origin
KAMPALA, Uganda — A Belgian businessman sanctioned by the U.S. over allegations of illicit gold trade in Congo said today the action undermines efforts to…
VW recalls over 246,000 SUVs due to unexpected braking
DETROIT — Volkswagen is recalling more than 246,000 SUVs in the U.S. and Canada because faulty wiring harnesses can make them brake unexpectedly, sometimes while…
Fear itself: Inflation risks being self-reinforcing prophecy
NEW YORK — Everyone knows inflation is bad. The pressing question is whether everyone expects it to stay that way. With prices rising at their…
Average U.S. mortgage rates rise; 30-year loan breaches 4%
WASHINGTON — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019….
Turkish central bank doesn’t change rates as inflation soars
ISTANBUL — Turkey’s central bank kept interest rates unchanged for a third straight month today as consumer prices surge at an eye-popping pace, coming after…
Amazon closes deal to acquire Hollywood studio MGM
Amazon announced today it has closed its acquisition of Hollywood studio MGM two days after European regulators said the deal “would not significantly reduce competition”…
Fear itself: Inflation risks being self-reinforcing prophecy
NEW YORK — Everyone knows inflation is bad. The pressing question is whether everyone expects it to stay that way. With prices rising at their…