Daimler’s trucks, luxury cars to go their separate ways
FRANKFURT, Germany — Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, today approved the spinoff of the truck division as a separate company. The…
AP Wire
US factory growth up in September despite supply woes
WASHINGTON — U.S. manufacturing growth accelerated last month to the highest level since May despite global supply chain disruptions. The Institute for Supply Management, a…
US consumer spending rebounded in August despite COVID
WASHINGTON — U.S. consumer spending accelerated in August amide a surge in COVID-19 cases, even as soaring demand and snarled supply chains kept inflation high….
Energy prices drive Europe inflation to highest since 2008
FRANKFURT, Germany — Sharply higher oil and gas prices have pushed annual inflation in the 19 countries that use the euro to its highest in…
Australia-EU trade talks delayed amid submarine deal fallout
BRUSSELS — A round of free trade talks between the European Union and Australia has been postponed by one month in the wake of a…
Past storms haven’t fazed Facebook. Instagram Kids might
Nineteen-year-old Gigi Painter hopes Facebook’s planned “Instagram Kids” never becomes a reality. Growing up in a small Ohio town, Painter said she and most of…
Surging natural gas prices: Threat to consumers this winter?
NEW YORK — Brace for a rude surprise on your winter heating bills. After years of unusually inexpensive levels, the price of natural gas in…
Powell sees inflation cooling, evading ‘difficult situation’
WASHINGTON — Federal Reserve Chair Jerome Powell said today that current high levels of inflation are likely to fade next year and won’t prevent the…
Churchill Downs to open gaming venue in downtown Louisville
LOUISVILLE, Ky. — The company that owns Churchill Downs racetrack, home of the Kentucky Derby, placed a big wager today by announcing plans to open…
UK ‘no longer the laggard’ of G-7 economies after upgrades
LONDON — The British economy is no longer the worst performing Group of Seven economy after second quarter growth was revised higher today to reflect…