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…
AP Wire
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…
U.S. salmonella outbreak tied to onions sickens more than 650
NEW YORK — A salmonella outbreak tied to onions has sickened more than 650 people in 37 states, U.S. health officials said. The Centers for…
Inflation, Fed action set stage for higher mortgage rates
LOS ANGELES — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the…
US unemployment claims fall to new pandemic low of 290,000
WASHINGTON — The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs…