U.S. consumer prices rose 0.6% in July, matching June uptick
WASHINGTON — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported today that the increase last month…
AP Wire
Media mogul Sumner Redstone dies at 97
Sumner Redstone, who built a media empire from his family’s drive-in movie chain, has died. He was 97. Redstone built the company through aggressive acquisitions,…
UK records deepest recession among top economies
LONDON — The British economy has recorded the deepest coronavirus-related slump among the world’s leading industrial economies after official figures today showed it shrinking by…
Collins Aerospace in Cedar Rapids to lay off 72 employees
CEDAR RAPIDS, Iowa — One of eastern Iowa’s largest employers has revealed it plans to lay off 72 workers at its Cedar Rapids plant. The…
Stocks open higher, pushing S&P 500 closer to record high
Stocks are moving higher on Wall Street in early trading today, edging the S&P 500 closer to the all-time high it hit in February, before…
Summer jobs for young people are vanishing with the pandemic
Sara Buie lined up a summer lifeguard job to help pay for a new laptop, textbooks and a backpack for her freshman year at Virginia’s…
Virus surge makes US weak link in global economic recovery
FRANKFURT, Germany — People in China are back to buying German luxury cars. Europe’s assembly lines are accelerating. Now the global economy is waiting for…
US producer prices up 0.6% in July, biggest jump since 2018
WASHINGTON — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, with energy prices moving sharply higher. The Labor…
UK jobs market hurtling toward cliff-edge moment in October
LONDON — The U.K. has kept a lid on unemployment so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends…
US employers post more jobs in June, pull back on hiring
WASHINGTON — U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job…