Modest 0.3% November retail sales bump, optimism still high
NEW YORK (AP) — Americans slowed their spending from October to November but continued shopping ahead of the critical holiday season, brushing off rising prices…
AP Wire
Target CEO addresses omicron, wages and shopper habits
NEW YORK (AP) — Target is heading into the final stretch of the holiday season with lots of momentum. CEO Brian Cornell reports that holiday…
UK inflation hits decade high, pressuring Bank of England
LONDON — Consumer prices in the United Kingdom are rising at their highest rate in over a decade as a result of soaring energy costs…
China economy slows as virus outbreaks disrupt recovery
BEIJING — China reported today that its economy slowed in November, buffeted by coronavirus outbreaks, weak demand and supply chain disruptions. Retail sales were weaker…
CP railroad’s $31 billion purchase of Kansas City Southern advances
A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31…
Treasury awards $8.7 billion for lending in minority communities
WASHINGTON — The U.S. Treasury Department announced today the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living…
Fed to accelerate withdrawal of economic aid as prices surge
WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating…
Wholesale inflation jumps record 9.6% over past 12 months
Japan’s Toyota promises more electric models, investment
TOKYO — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, its president, Akio Toyoda, said…
NATO chief applies for job as Norway’s central bank governor
COPENHAGEN, Denmark — NATO Secretary-General Jens Stoltenberg said today that he has applied to be the next governor of Norway’s central bank in an appointment…