European Central Bank to taper pandemic stimulus, but gently
FRANKFURT, Germany — The European Central Bank decided today to avoid an abrupt end to its pandemic crisis support for the economy as the new…
AP Wire
US jobless claims rise but still historically low at 206,000
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last…
US home construction rebounds a strong 11.8% in November
SILVER SPRING, Md. (AP) — New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with…
Turkish lira dips to new low after another interest rate cut
ANKARA, Turkey — Turkey’s Central Bank again cut a key interest rate today despite soaring consumer prices that are making it difficult for people to…
Norway’s central bank raises key policy interest rate
COPENHAGEN, Denmark — Norway’s central bank announced today that it raised its key policy interest rate from 0.25% to 0.5%, citing the upswing in the…
Delta Air Lines no longer expects to lose money in Q4
Delta Air Lines no longer expects to lose money in the fourth quarter with travel during the holiday season heating up. The company said today…
Alden sues Lee after news publisher rejects its takeover bid
Nearly a week after Lee Enterprises rejected Alden Global Capital’s attempt to buy the newspaper publisher, the hedge fund responded Wednesday with a lawsuit accusing…
Modest 0.3% November retail sales bump, optimism still high
NEW YORK — Americans slowed their spending from October to November but continued shopping ahead of the critical holiday season, brushing off rising prices and…
Fed will tighten credit faster and sees 3 rate hikes in 2022
WASHINGTON — The Federal Reserve will quicken the pace at which it’s pulling back its support for the economy as inflation surges, and it expects…
Fed will tighten credit faster and sees 3 rate hikes in 2022
WASHINGTON (AP) — The Federal Reserve will quicken the pace at which it’s pulling back its support for the economy as inflation surges, and it…