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…
AP Wire
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…
MasterCard: Q4 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported fourth-quarter net income of $2.38 billion. On a per-share basis, the company said it had profit of $2.41….
How Fed hikes could affect mortgages, car loans, card rates
WASHINGTON — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance…
Biden gets CEO support for economic agenda
WASHINGTON — President Joe Biden today secured the blessing of several business leaders on his economic agenda that has stalled in the Senate, part of…