Inflation at wholesale level increases 1.0% in June
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains during the past 12 months up by a record 7.3%. The…
AP Wire
Wells Fargo: 2nd quarter earnings snapshot
SAN FRANCISCO — Wells Fargo & Co. today reported second-quarter net income of $6.04 billion, after reporting a loss in the same period a year…
Bank of America’s 2nd quarter profit jumps, helped by fewer bad loans
NEW YORK — Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move…
With taxpayers’ help, Delta posts $652 million profit in 2Q
Delta Air Lines is reporting a $652 million profit in the second quarter, helped by hordes of vacation travelers in the U.S. and money from…
US deficit for current budget year climbs to $2.24 trillion
WASHINGTON — The U.S. government’s deficit for the first nine months of this budget year hit $2.24 trillion, keeping the country on track for its…
ConAgra raising prices to help offset rising costs
ConAgra is cutting its fiscal 2022 outlook due to rising costs, which the food company will try to offset by boosting prices. ConAgra, whose brands…
U.S. stocks wobble as investors weigh earnings, inflation
Stocks wobbled between small gains and losses in early trading today as investors weigh the latest quarterly earnings reports from big U.S. companies and concerns…
U.S. consumer prices surged in past year the most since 2008
WASHINGTON — American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is…
Boeing cuts production on the 787 to address flaw
CHICAGO — Boeing will cut production of its large 787 aircraft after a structural flaw was discovered in some undelivered planes. The production rate for…
China’s June exports surge 32%, import growth slows
BEIJING — China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off. Exports…