Army Corps of Engineers gets $14B to help ease supply chains
The Biden administration on Wednesday announced the release of $14 billion to the Army Corps of Engineers to fund 500 projects, with a focus on…
AP Wire
December marks 3rd straight month of growth for US builders
SILVER SPRING, Md. (AP) — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests…
Bank of America profits rise 28%, wage expenses up too
NEW YORK (AP) — Bank of America said its profits rose 28% last quarter from a year earlier, but the bank faced the same wage…
UK consumer prices rise at fastest pace in almost 30 years
LONDON — Consumer prices in the United Kingdom have risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food…
Morgan Stanley: Q4 earnings snapshot
NEW YORK — Morgan Stanley today reported fourth-quarter net income of $3.7 billion. The company, based in New York, said it had earnings of $2.01…
P&G: Fiscal Q2 earnings snapshot
CINCINNATI — Procter & Gamble Co. today reported fiscal second-quarter net income of $4.22 billion. The Cincinnati-based company said it had net income of $1.66…
Stocks fall broadly on Wall Street, led by tech, banks
Stocks fell broadly in morning trading on Wall Street today as investors review the latest batch of corporate earnings and continue monitoring rising inflation and…
EXPLAINER: Why airlines fear 5G will upend travel this week
The airline industry is raising the stakes in a showdown with AT&T and Verizon over plans to launch new 5G wireless service this week, warning…
Microsoft buys gaming company Activision Blizzard for $68.7 billion
Microsoft is buying the gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like “Call of Duty: and ”Candy Crush.” The all-cash…
Goldman Sachs profits fall as compensation costs soar
NEW YORK — Goldman Sachs said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out…