Buffett’s company buys nearly 6M more Occidental shares
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s company picked up another $368 million worth of Occidental Petroleum…
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US long-term mortgage rates up for 6th week; 30-year at 6.7%
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before…
Continue Reading Albania secures 2 satellites to monitor territory from space
TIRANA, Albania (AP) — Albania has reached a three-year agreement with an American company for a dedicated satellite constellation to provide the…
Continue Reading Homeowners see slower equity gains as housing market cools
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Homeowner equity climbed to record highs in the first half of this year, though its rate of…
Continue Reading Lordstown Motors starts making electric trucks at Ohio plant
LORDSTOWN, Ohio (AP) — Commercial electric vehicle startup Lordstown Motors says it has slowly started production of its first model, the Endurance…
Continue Reading Google promises Greece 20K jobs with cloud expansion
By DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) — Google says it plans to expand its cloud services infrastructure to Greece, promising to…
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US defeats Russia in a battle to control the future of the global internet
By Brian Fung, CNN The United States has soundly defeated Russia in an election to control a United Nations body responsible for shaping global…
Continue Reading Stocks end Wednesday slightly lower following huge two-day surge
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Maybe that October market rally has some legs after all? Stocks were mostly unchanged Wednesday,…
Continue Reading Dow plunges and is back in a bear market
By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…
Continue Reading Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue Reading Used cars have become unaffordable
By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…
Continue Reading In one tiny German town, nobody worries about energy bills
By FRANK JORDANS Associated Press FELDHEIM, Germany (AP) — While most Europeans are watching their energy bills soar as the war in Ukraine drives…
Continue Reading NATO believes Baltic Sea gas pipeline leaks were sabotage
By JAN M. OLSEN Associated Press. COPENHAGEN, Denmark (AP) — NATO believes that damage to two natural gas pipelines in the Baltic Sea is the result…
Continue Reading Bed Bath & Beyond 2Q sales fall but meet Street’s view
By MICHELLE CHAPMAN AP Business Writer Bed Bath & Beyond’s sales declined 28% in its fiscal second quarter, but the performance managed to meet…
Continue Reading Spain agrees on temporary wealth tax, hikes for big earners
By CIARÁN GILES Associated Press MADRID (AP) — Spain’s Socialist-led coalition government says residents whose wealth exceeds 3 million euros…
Continue Reading Treasury moves forward with database on corporate ownership
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Tens of millions of small U.S. companies will soon be required to submit details on their…
Continue Reading Holiday sales creep has gotten out of hand
By Nathaniel Meyersohn, CNN Business You may not be anywhere close to ready for the holidays — but retail chains certainly are. Christmas trees are…
Continue Reading Latest jobless claims fall to 193,000, underscoring still-tight labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers…
Continue Reading Russia’s nuclear trade with Europe flows despite Ukraine war
By SYLVIE CORBET The Associated Press PARIS (AP) — European Union nations are continuing to import and export nuclear fuel that is not under EU…
Continue Reading US economy drops at 0.6% annual rate from April through June
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a…
Continue Reading Fewer people seek US unemployment aid amid solid hiring
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans filing for jobless benefits dropped last week, a sign that few…
Continue Reading Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession
By Alicia Wallace, CNN Business The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product…
Continue Reading Germany to spend billions to tackle high energy prices
BERLIN (AP) — Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices. Chancellor Olaf…
Continue Reading Bulgaria to hold election overshadowed by war in Ukraine
By VESELIN TOSHKOV Associated Press SOFIA, Bulgaria (AP) — Bulgarians will go to the polls for the fourth time in less than two years in a general…
Continue Reading The bond market is crumbling. That’s bad for Wall Street and Main Street
By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury bond, a proxy for…
Continue Reading Band-Aids and Tylenol will have a new name on their packages
By Nathaniel Meyersohn, CNN Business We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new…
Continue Reading Taiwan to end quarantine for arrivals starting Oct. 13
TAIPEI, Taiwan (AP) — Taiwan says it will end mandatory COVID-19 quarantines for people arriving from overseas beginning Oct. 13. The Central…
Continue Reading Porsche shares rise in one of Europe’s largest market debuts
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Shares in luxury automaker Porsche have risen on their first day of public trading.…
Continue Reading Russia to annex more of Ukraine on Friday at the Kremlin
By JON GAMBRELL and ADAM SCHRECK Associated Press KYIV, Ukraine (AP) — Russia planned to annex more of Ukraine on Friday in an escalation of the…
Continue Reading Harris, Yellen focus on community finance at Freedman Forum
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to…
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