US economy slowed to a 2% rate last quarter in face of COVID
WASHINGTON (AP) — Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed sharply to a 2% annual growth rate in the…
AP Wire
Resurgent demand drives Caterpillar sales in third quarter
Bustling construction sites, active drilling for energy and re-engagement in mines and other heavy industries doubled third quarter profits at Caterpillar and drove sales up…
US jobless claims drop to pandemic low 281,000
WASHINGTON — The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy…
Volkswagen lowers sales outlook as chip shortage hits profit
FRANKFURT, Germany — Volkswagen lowered its forecast for deliveries to customers today and reported a decrease in operating profits for the third quarter as the…
MasterCard: Q3 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported third-quarter earnings of $2.41 billion. The company said it had net income of $2.44 per share. Earnings, adjusted…
Oil chiefs set to testify at landmark congressional hearing
WASHINGTON — Top executives at ExxonMobil and other oil giants are set to testify at a landmark House hearing today as congressional Democrats investigate what…
Retail trade group: Holiday sales could set record
NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects that holiday sales gain could shatter last year’s record-breaking season…
Exacerbated by pandemic, child care crisis hampers economy
SEATTLE — After Bryan Kang’s son was born in July, the occupational therapist and his wife, a teacher, started looking for child care in the…
Concert halls, dining rooms open doors; Coke sales rebound
Coca-Cola Co. is getting its fizz back. Revenue jumped 16% to $10 billion in the third quarter as stadiums, movie theaters and other venues reopened…
McDonald’s sales surged 14% as virus restrictions eased
Higher menu prices aren’t yet denting demand for McDonald’s, which reported stronger-than-expected sales in the third quarter. Revenue jumped 14% to $6.2 billion in the…