Lee Enterprises directors re-elected despite hedge fund fight
OMAHA, Neb. — Three directors at newspaper publisher Lee Enterprises were reelected Thursday over the objections of a hedge fund that has been trying to…
AP Wire
US housing market fuels bidding wars, driving prices higher
LOS ANGELES — Would-be homeowners are increasingly opting to pay sellers more than their asking price in hopes of edging out rival buyers as heightened…
Long-term US mortgage rates back up this week
WASHINGTON — Average long-term U.S. mortgage rates rose this week but remain at historically low levels as the Federal Reserve prepares to raise its main…
Europe’s central bank to speed up end to economic stimulus
The European Central Bank said today that it will speed up ending its economic stimulus efforts to combat record inflation that threatens to go ever…
US inflation soared 7.9% in past year, a fresh 40-year high
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% during the past year, the sharpest spike since 1982 and…
More Americans filed for unemployment benefits last week
WASHINGTON — Slightly more Americans applied for unemployment benefits last week, but layoffs have settled to the low, pre-pandemic levels seen before the coronavirus recession…
Get on top of planned expenses with sinking funds
In a given year, you likely have expenses that you know are coming — holiday gifts, the family vacation you take every summer, annual homeowners…
Two years into COVID, was $800 billion payroll aid plan worth it?
WASHINGTON — President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic by…
Germany’s Bayer sells pest control business for $2.6 billion
BERLIN — German chemical and health care company Bayer said today it is selling a U.S.-based pest control business to private equity firm Cinven for…
Russia built an economy like a fortress but the pain is real
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the…