Wholesale prices jumped record 9.7% in past 12 months
WASHINGTON — Prices at the wholesale level surged by a record 9.7% in December from a year earlier, with inflation evident at all levels of…
AP Wire
U.S. jobless claims rise by 23,000 to 230,000
WASHINGTON — The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November. U.S. jobless claims climbed by 23,000…
Taiwan chipmaker TSMC says quarterly profit $6 billion
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips, reported today its quarterly profit rose 16.4% over a year earlier…
EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON — At first, it didn’t even register as a threat. Then it seemed like a temporary annoyance. Now, inflation is flashing red for the…
Inflation at 40-year high pressures consumers, Fed and Biden
WASHINGTON — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household…
Japan minister aims to control COVID while achieving growth
TOKYO — The Japanese minister responsible for containing COVID-19 while steering the world’s third largest economy toward growth says he is confident he can carry…
EPA moves to crack down on dangerous coal ash storage ponds
WASHINGTON — The Environmental Protection Agency is taking its first major action to address toxic wastewater from coal-burning power plants, ordering utilities to stop dumping…
Fed’s Powell: High inflation poses a threat to job market
WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said…
U.S. stocks slip as Wall Street foresees higher interest rates
Stocks fell in morning trading on Wall Street today as traders try to calibrate how markets and the economy will handle the higher interest rates…
Outbreaks, bottlenecks expected to slow global growth in ’22
WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support…