Fed study on digital currency leans to role for banks
WASHINGTON — The Federal Reserve today released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and…
AP Wire
Bankers survey: Rural economy stays strong in 10 states
OMAHA, Neb. — The economy in rural parts of 10 Plains and Western states remains strong, according to a new monthly survey of bankers in…
McDonald’s expanding test of McPlant in US stores
McDonald’s is expanding sales of its meatless McPlant burger to hundreds of locations. The company said the McPlant — which it co-developed with plant-based protein…
Rising inflation tightens squeeze on consumers
Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending….
With inventory low and rates rising, home sales fall
WASHINGTON — Sales of previously occupied homes fell in December for the first time in four months as mortgage rates ticked higher and would-be buyers…
EXPLAINER: How sweeping EU rules would curb tech companies
LONDON — Online companies would have to ramp up efforts to keep harmful content off their platforms and take other steps to protect users under…
US jobless claims rise to 286,000, highest since October
WASHINGTON — The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the…
American Airlines: Q4 earnings snapshot
FORT WORTH, Texas — American Airlines Group Inc. today reported a loss of $931 million in its fourth quarter. On a per-share basis, the company…
Wisconsin Assembly to vote on lowering working age in summer
MADISON, Wis. — The Wisconsin Assembly plans to send Gov. Tony Evers a bill that would allow teenagers to work longer hours during the busy…
Yellen: Biden pandemic relief law like ‘vaccine’ for economy
WASHINGTON — Treasury Secretary Janet Yellen told a gathering of America’s mayors today that the Biden administration’s coronavirus relief bill was like a vaccine preventing…