Industrial output falls 0.1% unexpectedly amid supply issues
WASHINGTON (AP) — U.S. industrial production fell 0.1% in December, the first decline since September, with manufacturers still struggling with snarled supply chains. Many economists…
AP Wire
December retail sales slip after a record holiday season
NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season….
Wells Fargo’s $5.8 billion profit easily tops expectations
SILVER SPRING, Md. — Wells Fargo easily beat Wall Street expectations for the fourth quarter with interest rates beginning to take off, likely another boost…
Citigroup: Q4 earnings snapshot
NEW YORK — Citigroup Inc. today reported fourth-quarter earnings of $3.14 billion. The New York-based bank said it had earnings of $1.46 per share. The…
China’s trade surplus surges to record $676.4 billion in 2021
BEIJING — China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever for any country, as exports jumped 29.9%…
JPMorgan 4Q earnings fall 14%, but 2021 profit sets record
NEW YORK — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher…
UN forecasts lower global economic growth for 2022 and 2023
UNITED NATIONS — The United Nations forecast lower global economic growth for 2022 and 2023 today, saying the world is facing new waves of COVID-19…
US average long-term mortgage rates jump; 30-year now 3.45%
SILVER SPRING, Md. — Average long-term U.S. mortgage rates jumped again this past week, reaching their highest level since March 2020, just as the coronavirus…
As the Federal Reserve’s money printer quiets, markets shake
NEW YORK — The shakiness hitting Wall Street isn’t just because the Federal Reserve’s money printer that’s supporting markets is slowing, but that it might…
5 reasons why ‘shoulder season’ is the best time to travel
In many ways, travel in 2021 was more challenging than it was in 2020. While demand for travel returned, sufficient hospitality staffing often did not,…