Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON — The Federal Reserve announced a significant change today in how it manages interest rates by saying it plans to keep rates near zero…
AP Wire
U.S. economy plunged an annualized 31.7% in second-quarter
BALTIMORE (AP) — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of…
More than 1 million Americans applied for jobless benefits
WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as…
Dollar General: Fiscal 2nd quarter earnings snapshot
GOODLETTSVILLE, Tenn. — Dollar General Corp. today reported fiscal second-quarter profit of $787.6 million. The company said it had profit of $3.12 per share. The…
Dollar Tree: Fiscal 2nd quarter earnings snapshot
CHESAPEAKE, Va. — Dollar Tree Inc. today reported fiscal second-quarter profit of $261.5 million. On a per-share basis, the company said it had net income…
Facebook: Apple privacy changes will muck up online ads
OAKLAND, Calif. — Facebook is pushing back on new Apple privacy rules for its mobile devices — and putting app developers in the middle. Apple…
Powell edges toward loosening the Fed’s stance on inflation
WASHINGTON — For decades, the Federal Reserve made clear its readiness to raise interest rates at the earliest signs of creeping inflation. That was then….
McDonald’s internal investigation extends beyond ousted CEO
An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year. McDonald’s board of directors…
Orders for big-ticket US manufactured goods jumped 11.2%
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain. The Commerce Department reported today that…
Dick’s: Fiscal 2nd quarter earnings snapshot
CORAOPOLIS, Pa. — Dick’s Sporting Goods Inc. today reported fiscal second-quarter profit of $276.8 million. On a per-share basis, the company said it had profit…