US budget deficit hits $2.77 trillion in 2021, 2nd highest
WASHINGTON — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13…
AP Wire
Where are the workers? Cutoff of jobless aid spurs no influx
INDIANAPOLIS — Earlier this year, an insistent cry arose from business leaders and Republican governors: Cut off a $300-per-week federal supplement for unemployed Americans. Many…
US intel warns China could dominate advanced technologies
WASHINGTON — U.S. officials are issuing new warnings about China’s ambitions in artificial intelligence and a range of advanced technologies that could eventually give Beijing…
Profit surges at American Express with US spending resilient
NEW YORK — American Express had a very strong third quarter, posting a profit of $1.78 billion with Americans continuing to prove resilient in their…
Turkish lira continues to slide after interest rate cut
ANKARA, Turkey — The Turkish lira continued to slide and reached a record low against the U.S. dollar today, a day after the Central Bank…
Report: Struggling Chinese developer makes bond payment
BEIJING — A troubled Chinese developer whose struggle to avoid a multibillion-dollar debt default has rattled global financial markets wired $83.5 million today to make…
Fed imposes sweeping new limits on policymakers’ investments
WASHINGTON — The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent…
FlixMobility buys Greyhound bus service, expanding US reach
German transportation company FlixMobility is buying Greyhound’s bus operations in the U.S. in order to strengthen its position in the country. The purchase price is…
Two years later, WeWork attempts debut No 2
WeWork will become a publicly traded company today after a spectacular collapse during its first attempt to do so two years ago. WeWork is emerging…
Existing home sales surge as interest rates point higher
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as worries about higher mortgage rates motivated buyers to…