Here’s how the Fed is reading today’s jobs report
By Nicole Goodkind, CNN Business The US has a jobs problem: There are too many of them. There are currently around two jobs available for every…
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‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight
CNN Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the…
Continue Reading Pace of hiring slowed in August but the job market is still strong
By Alicia Wallace, CNN Business The economy added 315,000 jobs in August, exceeding economists’ expectations but far below July’s blowout…
Continue Reading G7 countries agree to cap the price of Russian oil
By Alex Stambaugh, Julia Horowitz and Michelle Toh, CNN Business The West’s biggest economies on Friday agreed to impose a price cap on Russian…
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$1 billion in federal economic grants headed coast to coast
By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden and Commerce Secretary Gina Raimondo are announcing $1 billion in federal…
Continue Reading Australia shut its borders to workers, now it’s desperate to get them back
By Hilary Whiteman, CNN Australia shut its borders for more than two years during the pandemic, but it also blocked access to potential workers and…
Continue Reading Lufthansa flights grounded as pilots up pressure over pay
FRANKFURT (AP) — Hundreds of Lufthansa flights have been canceled as pilots stage a one-day strike to press their demands for better pay and…
Continue Reading Stocks shed early gains, end lower for 3rd straight week
By ALEX VEIGA AP Business Writer Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall…
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El Pasoans stock up on gas, 40 cents cheaper per gallon
EL PASO, Texas — Circle K offered gas for 40 cents cheaper a gallon as a part of Circle K fuel day Thursday from 4-7, and El Pasoans showed up to…
Continue Reading Lower US job gain in August could aid Fed’s inflation fight
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers added a healthy number of jobs last month, yet slowed their…
Continue Reading Once in the doldrums, Florida coast hums with space launches
By CODY JACKSON and MIKE SCHNEIDER Associated Press TITUSVILLE, Fla. (AP) — A decade ago, Florida’s Space Coast was in the doldrums. The…
Continue Reading Nissan eager to leverage US tax credit on electric vehicles
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nissan says it’s aggressively pushing electric vehicles to take advantage of a new U.S. law…
Continue Reading Australia lifts permanent immigration by 35,000 to 195,000
By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia has announced it will increase its permanent immigration intake by 35,000 to…
Continue Reading Venezuela government again accuses ex-oil czar of wrongdoing
By REGINA GARCIA CANO Associated Press CARACAS, Venezuela (AP) — The Venezuelan government is again accusing its former oil czar of wrongdoing…
Continue Reading Amazon bid to scrap historic union win blocked
By HALELUYA HADERO AP Business Writer NEW YORK (AP) — A hearing officer for a federal labor board has rebuffed Amazon’s attempt to scrap a…
Continue Reading Judge declines to overturn Elizabeth Holmes guilty verdict
By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — A federal judge on Thursday tentatively declined to overturn the jury conviction of…
Continue Reading Starbucks names new CEO
By Danielle Wiener-Bronner, CNN Business Starbucks has tapped Laxman Narasimhan as its next CEO. Narasimhan will become incoming CEO at Starbucks on…
Continue Reading How major US stock indexes fared Thursday 9/1/2022
The Associated Press A late burst of buying erased some of the stock market’s losses Thursday, leaving indexes mixed on Wall Street at the closing…
Continue Reading California Democrats cap legislative year with climate wins
By KATHLEEN RONAYNE Associated Press SACRAMENTO, Calif. (AP) — Tougher clean energy goals and a ban on new oil and gas wells near homes and schools…
Continue Reading Starbucks names former PepsiCo executive as new CEO
By DEE-ANN DURBIN AP Business Writer Starbucks has named a longtime PepsiCo executive as its new CEO. The coffee giant said Thursday that Laxman…
Continue Reading Here’s what might drive up the prices on the newest iPhones
By Catherine Thorbecke, CNN Business With Apple widely expected to unveil the new iPhone 14 lineup at its upcoming event next Wednesday, a big…
Continue Reading Nvidia, Hormel fall; Nutanix, Forma Therapeutics rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Nvidia, Hormel fall; Nutanix, Forma Therapeutics…
Continue Reading Drug company CEO pleads guilty to selling tainted medicine
FORT LAUDERDALE, Fla. (AP) — A former owner and CEO of a South Florida drug manufacturing company has been sentenced to three years and one month…
Continue Reading Cruise recalls its robotaxis after passenger injured in crash
By Matt McFarland, CNN Business This week Cruise, which counts General Motors as its largest shareholder, became the first robotaxi operator to…
Continue Reading Paddleboarder loses phone; scuba diver finds it next day
ROCKPORT, Mass. (AP) — When Laura Hernandez fell into the water and lost her iPhone while paddleboarding off Massachusetts earlier this month, she…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for October delivery fell $2.94 to $86.61 a barrel Thursday. Brent crude for November delivery fell…
Continue Reading Atlanta hospital announces closure, drawing mayor’s ire
By SUDHIN THANAWALA Associated Press ATLANTA (AP) — One of Atlanta’s largest hospitals says it plans to shut down in two months after…
Continue Reading Stocks start off September with a late day rally
By Paul R. La Monica, CNN Business New month. Same old market volatility. Stocks rallied at the end of first day of September, which is historically…
Continue Reading Bank of America to offer zero-down payment mortgages in certain Black and Hispanic communities
By Matt Egan and Anna Bahney, CNN Bank of America is offering zero down payment mortgages with no closing costs for first-time homebuyers in certain…
Continue Reading Micron to invest $15 billion on memory chip plant in Boise
By MATT OTT AP Business Writer Micron will invest $15 billion though the end of the decade on a new semiconductor plant in its hometown that the…
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