Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released today after its policy meeting ended: The Federal Reserve is committed to using its full range…
AP Wire
GM to spend more on electric vehicles, add 2 battery plants
DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will…
US home construction posted moderate 3.6% gain in May
WASHINGTON — U.S. home construction rose 3.6% in May as builders battled a surge in lumber prices that have made homes more expensive The May…
Want a job? Employers say: Talk to the computer
A day after her interview for a part-time job at Target last year, Dana Anthony got an email informing her she didn’t make the cut….
EU raises $24.2 billion in 10-year bond to fund virus recovery
BRUSSELS — The European Commission said today it has raised €20 billion ($24.2 billion) through a 10-year bond as part of its plans to finance…
Charitable giving in the U.S. reaches all-time high in 2020
Galvanized by the racial justice protests and the coronavirus pandemic, charitable giving in the United States reached a record $471 billion in 2020, according to…
US retail sales fell 1.3% in May, chip shortage dings autos
NEW YORK — Retail sales fell in May, dragged down by a decline in auto sales, likely due to fewer cars being made amid a…
U.S. wholesale prices rise by record amount during past year
WASHINGTON — Wholesale prices, boosted by rising food costs, increased 0.8% in May, and are up by a record amount during the past year, another…
EU, US reach deal to end Airbus-Boeing trade dispute
BRUSSELS — The United States and the European Union reached a deal today to end a damaging dispute over subsidies to rival plane makers Boeing…
Gains for some tech giants nudge S&P to another record high
Technology companies helped lift stocks higher on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the…