Stocks rise after three days of losses, Bitcoin drops 11%
Stocks were posting strong gains in early trading today, following three days of losses and the biggest one-day drop in the S&P 500 since February….
AP Wire
Choppy jobs recovery could mean bumpy economic rebound
April’s catastrophic jobs report is a sign that while the U.S. economy continues its post-pandemic recovery, the road ahead will be bumpy. Only 266,000 jobs…
Pipeline hack sends people scrambling for fuel in the South
CLEMMONS, N.C. — A run on gas following a computer hack of the nation’s largest fuel pipeline had North Carolina tow-truck driver Jonathan King worried…
April wholesale prices jump 0.6%, led by higher food costs
WASHINGTON — Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs. It’s more evidence that inflation pressures are starting to mount…
U.S. unemployment claims drop to 473,000, a new pandemic low
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers…
McDonald’s raising U.S. workers’ pay in company-owned stores
McDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight…
As chip shortage goes on, cars are scarce and prices are up
DETROIT — For the next few months, Charlie Gilchrist figures his 11 car dealerships in the Dallas-Fort Worth area will sell just about every new…
As chip shortage goes on, cars are scarce and prices are up
DETROIT (AP) — For the next few months, Charlie Gilchrist figures his 11 car dealerships in the Dallas-Fort Worth area will sell just about every…
EXPLAINER: Why are fears of high inflation getting worse?
WASHINGTON — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and…
Consumer prices shot up 0.8% in April as worries escalate
WASHINGTON (AP) — A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.8% — the…