U.S. long-term mortgage rates relatively flat this week
SILVER SPRING, Md. — The average interest rate for long-term mortgages in the U.S. remained flat this week, following the Federal Reserve suggesting that it…
AP Wire
U.S. jobless claims rise by 28,000, but still low at 222,000
WASHINGTON — The number of Americans applying for unemployment benefits rose last week even though the U.S. job market has been rebounding from last year’s…
Holiday shoppers navigate shortages with mixed results
NEW YORK — Like many shoppers, Kathleen Webber understands the struggles of getting the right gifts for her three children this holiday shopping season amid…
Christmas tree buyers face reduced supplies, higher prices
ALAMEDA, Calif. — Even Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced…
Omicron and delta spell return of unpopular restrictions
PARIS — Greeks over 60 who refuse coronavirus vaccinations could be hit with monthly fines of more than one-quarter of their minimum pensions — a…
OPEC+ meets omicron: New variant clouds oil supply decision
WASHINGTON — OPEC and allied oil-producing countries meet today under the spikey shadow of a new COVID-19 threat, with uncertainty over the omicron variant’s impact…
Powell: Fed ‘not at all sure’ inflation will fade next year
WASHINGTON — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said today that the Federal Reserve can’t be sure that…
GM venture to build North American battery chemical plant
DETROIT — General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it…
Capital One drops all overdraft fees, latest bank to do so
NEW YORK — Capital One said today that will get rid of all overdraft fees, the latest bank to do so this year and one…
US manufacturing activity grows in November
SILVER SPRING, Md. — U.S. manufacturing activity grew at a faster pace in November as companies try to keep up with demand amid ongoing supply…