OPEC sticks to modest boost in oil despite war jitters
LONDON — OPEC and allied oil producers including Russia have decided to stick to a modest increase in the amount of crude it pumps to…
AP Wire
Tests and vaccines push Walgreens past expectations in 2Q
A surge in demand for COVID-19 tests and vaccines helped Walgreens deliver a better second quarter than Wall Street expected. Sales jumped as customers spent…
Fed’s rate hikes threaten its goal of narrowing racial gaps
WASHINGTON — America’s hiring boom of the past year has narrowed racial disparities in unemployment. Yet the Federal Reserve’s ongoing interest rate hikes — shaping…
China manufacturing weakens as anti-virus controls tighten
BEIJING — China’s manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centers were shut down to…
Pence unveils Republican policy agenda for midterm elections
NEW YORK — Former Vice President Mike Pence has unveiled a new policy platform for Republicans ahead of this year’s midterms elections, offering a framework…
Even as inflation bites, corporate profits remain flush
NEW YORK — What’s immune to high inflation? So far, the profits at big U.S. companies. Businesses are facing higher gasoline and heating bills, just…
European Central Bank chief: No data suggests stagflation
NICOSIA, Cyprus — No data suggests Europe will fall into stagflation, a combination of high inflation, little or no economic growth and high unemployment, the…
US growth in Q4 revised slightly lower to 6.9%
WASHINGTON — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported today, a slight…
German economic advisers slash 2022 growth forecast to 1.8%
BERLIN — The German government’s panel of independent economic advisers today slashed its 2022 growth forecast for Europe’s biggest economy in light of Russia’s invasion…
Biden receives 2nd booster, presses Congress on virus funds
WASHINGTON — President Joe Biden called on Congress to pass billions of dollars in additional funding to fight the COVID-19 pandemic on Wednesday, as he…