Tesla buys $1.5 billion in Bitcoin, will accept as payment soon
NEW YORK — Tesla has acquired around $1.5 billion in Bitcoin under an investment policy at the electric car maker headed by Elon Musk, and…
AP Wire
Hasbro: 4th quarter earnings snapshot
PAWTUCKET, R.I. — Hasbro Inc. today reported fourth-quarter earnings of $105.2 million. On a per-share basis, the company said it had net income of 76…
German industrial production flat after 7 months of gains
BERLIN — Industrial production in Germany, Europe’s biggest economy, stagnated in December after seven consecutive months of gains, official data showed today. The figure from…
A meager gain in US jobs last month highlights virus’ damage
WASHINGTON (AP) — America’s employers barely added jobs last month, underscoring the viral pandemic’s ongoing grip on the economy and likely adding momentum to the…
U.S. trade deficit rises to 12-year high $679 billion
WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded then-President…
US employers add just 49K jobs as unemployment falls to 6.3%
WASHINGTON — U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly…
German factory orders fall more than expected in December
BERLIN — German factory orders fell more sharply than expected in December, suggesting recent coronavirus lockdown measures are starting to impact industry in Europe’s largest…
Kohl’s offers mixed picture for holiday quarter
NEW YORK — Kohl’s Corp. delivered a better assessment of fiscal fourth-quarter earnings, but a key sales measure was down more than analysts expected. The…
US productivity fell sharply in Q4 while labor costs rose
WASHINGTON — U.S. productivity fell sharply in the October-December quarter while labor costs rose. The Labor Department reported today that productivity dropped at a 4.8%…
US unemployment claims fall to 779,000 but job cuts grind on
WASHINGTON — The number of Americans seeking unemployment benefits declined to 779,000 last week, an historically high total that shows that a sizable number of…