US industrial production jumps 1.6% in December
SILVER SPRING, Md. — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain…
AP Wire
December wholesale prices up 0.3% with sharp jump in energy
WASHINGTON — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported today…
U.S. retail sales fell in December for 3rd straight month
NEW YORK — Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday…
JPMorgan’s profits jump as economy, investment bank recovers
CHARLOTTE, N.C. — JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier,…
Another recession looms for UK economy as lockdowns bite
LONDON — The British economy looks set to fall back into recession after official figures today showed that it shrank by 2.6% month-on-month in November,…
Wells Fargo 4th quarter profit rose 4%, tops Street estimates
Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said…
US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China
HONG KONG — The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure…
Siegfried Fischbacher, of illusion duo Siegfried & Roy, dies
LAS VEGAS (AP) — Siegfried Fischbacher, namesake partner in the iconic entertainment duo Siegfried & Roy, has died in Las Vegas at age 81. Fischbacher…
Google muscles up with Fitbit deal amid antitrust concerns
SAN RAMON, Calif. — Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even…
Petco goes public again as spending on dogs and cats soars
NEW YORK — Petco, the pet store chain, went public again today, hoping to cash in on people’s obsessions with their furry pets. Petco’s stock,…