Kia recalls 410,000 vehicles; air bags might not work in crash
DETROIT — Kia is recalling more than 410,000 vehicles in the U.S. to fix a problem that can stop the air bags from inflating in…
AP Wire
A key inflation gauge rose 5.8% in 2021, most in 39 years
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk…
Caterpillar pushes through supply constraints in strong Q4
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of…
Hong Kong economy grows 6.4% in 2021
BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Economic output expanded by 4.8% over…
Lowe’s teams up with Petco to offer pet supplies, services
Lowe’s is teaming up with Petco to offer pet departments within its stores, betting that customers want cans of dog food along with their cans…
14.5 million get health care under Obama law, with help from Biden
WASHINGTON — At least 14.5 million Americans are getting private health insurance for this year under the Obama-era health law, thanks to help from the…
Long-term US mortgage rates hold this week at 3.55%
SILVER SPRING, Md. — Average long-term U.S. mortgage rates were essentially flat this week after jumping nearly a half percent the past two weeks as…
US weekly jobless claims fall for the first time in a month
WASHINGTON — Fewer Americans applied for unemployment benefits last week following three straight increases economists blamed on the surge in cases of the omicron variant…
US economy grew 5.7% in 2021 in rebound from 2020 recession
WASHINGTON — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020’s brief but devastating…
McDonald’s ends 2021 strong, but costs rising
McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus restrictions. The Chicago burger giant…