U.S. industrial production rebounded 1.6% in October
WASHINGTON — U.S. industrial production rebounded in October as automakers, stung by supply chain problems, posted a strong increase and the adverse effects from Hurricane…
AP Wire
Americans ramped up retail spending a strong 1.7% last month
WASHINGTON — Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the…
Strong sales, profit from Walmart on cusp of holiday season
NEW YORK — Walmart topped almost all expectations in the third quarter, an encouraging sign for the upcoming holiday shopping season already beset by snarled…
UK labor market ‘resilient’ despite end of salary program
LONDON — The Bank of England is one step closer to raising interest rates next month, analysts said today after official figures showed that the…
Walmart: Fiscal Q3 earnings snapshot
BENTONVILLE, Ark. — Walmart Inc. today reported fiscal third-quarter net income of $3.11 billion. On a per-share basis, the company said it had profit of…
Pfizer agrees to let other companies make its COVID-19 pill
LONDON (AP) — Drugmaker Pfizer Inc. has signed a deal with a U.N.-backed group to allow other manufacturers to make its experimental COVID-19 pill, a…
Key reason for supply shortages: Americans keep spending
DETROIT — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root…
Tyson: Fiscal Q4 earnings snapshot
SPRINGDALE, Ark. — Tyson Foods Inc. today reported fiscal fourth-quarter earnings of $1.36 billion. On a per-share basis, the company said it had net income…
Japan’s economy contracts on shrinking consumption, exports
TOKYO — Japan’s economy shrank at a 3% annual rate in the July-September quarter, as private consumption and auto production took a hit from efforts…
Roads, transit, internet: What’s in the infrastructure bill
WASHINGTON — The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe…