Powell highlights Fed’s commitment to ‘inclusive’ recovery
WASHINGTON (AP) — Inequality can prevent the U.S. economy from reaching its potential, Federal Reserve Chair Jerome Powell said Tuesday, and he underscored the Fed’s…
AP Wire
Producer prices rise 8.6%, matching September record high
WASHINGTON — Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September’s record annual gain and offering more evidence that…
General Electric to split into 3 public companies
General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public…
The AP Interview: Facebook whistleblower fears the metaverse
BRUSSELS — Facebook whistleblower Frances Haugen said the world should fear the impact of the metaverse that the social media giant has rebranded to focus…
Nissan returns to profit, ups forecast despite chips crunch
TOKYO — Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges that include shortages of computer chips and rising…
Musk: I’ll sell 10% of Tesla stock based on Twitter poll
SILVER SPRING, Md. — Tesla shares were down 4.8% in trading Monday after CEO Elon Musk said he would sell 10% of his holdings in…
Latest exit from Fed’s board gives Biden three slots to fill
WASHINGTON — Randal Quarles announced Monday that he will resign from the Federal Reserve’s Board of Governors at the end of the year after completing…
Fed’s Powell: Pandemic recession has particularly hurt women
WASHINGTON — Federal Reserve Chair Jerome Powell expressed concern today that the pandemic recession has had an unusually harmful economic effect on women, who have…
Latest exit from Fed’s board gives Biden three slots to fill
WASHINGTON (AP) — Randal Quarles announced Monday that he will resign from the Federal Reserve’s Board of Governors at the end of the year after…
Saks CEO on e-commerce split-up and luxury spending
NEW YORK — Eight months after Hudson’s Bay Co., the Canada-based owner of Saks Fifth Avenue, split off the luxury retailer’s e-commerce business into a…