Anticipating 2021 boom, Q4 GDP revised up slightly to 4.1%
WASHINGTON — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in…
AP Wire
Orders for U.S. durable goods climb 3.4% in January
WASHINGTON — Orders to U.S. factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category…
US jobless claims fall to 730,000 but layoffs remain high
WASHINGTON — The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards. Applications for benefits declined 111,000 from…
How would COVID-19 vaccine makers adapt to variants?
How would COVID-19 vaccine makers adapt to variants? By tweaking their vaccines, a process that should be easier than coming up with the original shots….
Ad campaign launches to build public trust in COVID-19 shots
NEW YORK — A public service ad campaign unveiled today aims to convince Americans to get vaccinated against COVID-19, telling them “It’s Up to You.”…
Best Buy: Fiscal 4Q earnings snapshot
RICHFIELD, Minn. — Best Buy Co. today reported fiscal fourth-quarter net income of $816 million. The company said it had net income of $3.10 per…
Papa John’s: 4Q earnings snapshot
LOUISVILLE, Ky. — Papa John’s International Inc. today reported fourth-quarter net income of $13.2 million, after reporting a loss in the same period a year…
Trade group: Retail sales should grow 6.5% to 8.2% this year
NEW YORK — The nation’s largest retail trade group is forecasting strong retail sales growth this year that could surpass last year’s pace as more…
Chairman Powell: Fed is in no hurry to raise interest rates
WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress today that the central bank will not begin raising interest rates until it believes it has…
Red-hot U.S. housing market: January new home sales jump 4.3%
SILVER SPRING, Md. — Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments…