US hiring may have rebounded last month before omicron surge
WASHINGTON (AP) — Inflation is surging and new omicron infections are spiking, but America’s employers are thought to have kept right on hiring in December…
AP Wire
Red-hot housing market to fuel record borrowing in ’22
LOS ANGELES — The fierce competition, low mortgage rates and soaring prices that helped raise mortgage borrowing to record heights last year is expected to…
US service industry grows more slowly in December
SILVER SPRING, Md. — Growth in the U.S. service industry, where most Americans work, pulled back in December after expanding at a record pace the…
US jobless claims rise by 7,000, but still low at 207,000
WASHINGTON — The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains…
November trade deficit hits near record-high $80.2 billion
WASHINGTON — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports…
Vaccinations, tests give Walgreens a boost in first quarter
COVID-19 vaccines and testing boosted Walgreens store sales growth to levels not seen in more than two decades, pushing the drugstore chain well above Wall…
Bed Bath & Beyond: Fiscal Q3 earnings snapshot
UNION, N.J. — Bed Bath & Beyond Inc. (BBBY) today reported a loss of $276.4 million in its fiscal third quarter. The company said it…
Fed officials see earlier rate hikes as U.S. hiring recovers
WASHINGTON — The U.S. job market is nearly healthy enough that the central bank’s low-interest rate policies are no longer needed, Federal Reserve officials concluded…
New GM electric truck faces competition, skeptical buyers
PITTSFIELD TOWNSHIP, Mich. — The competition among U.S. automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the…
Chrysler aims to be all electric by 2028
LONDON — Chrysler plans go all electric by 2028, the latest automaker to announce a shift away from gasoline-powered engines under rising pressure to act…