Climate bill’s unlikely beneficiary: US oil and gas industry
By MATTHEW BROWN and MICHAEL PHILLIS Associated Press BILLINGS, Mont. (AP) — The U.S. oil industry hit a legal roadblock in January when a judge…
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Mortgage rates drop amid signs that inflation may have finally peaked
By Anna Bahney, CNN Business Mortgage rates ticked lower last week, falling back toward the 5% mark following economic reports that indicated…
Continue Reading Home sales fell for the sixth month in a row, but prices kept rising
By Anna Bahney, CNN Business Home sales declined for the sixth month in a row in July as higher mortgage rates and prices push prospective buyers out…
Continue Reading Top TikToker Khaby Lame finally gets Italian citizenship
By NICOLE WINFIELD Associated Press ROME (AP) — The 22-year-old king of TikTok finally has another title: Italian. Influencer Khaby Lame took his…
Continue Reading In Mexico resort, squatters make a stand against developers
By MARK STEVENSON Associated Press TULUM, Mexico (AP) — Unchecked development has hit the once laid back beach town of Tulum on Mexico’s…
Continue Reading US home sales fell in July; some buyers see silver lining
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The housing market’s comedown from its high-flying days early this year is deepening,…
Continue Reading Average long-term mortgage rates retreat slightly this week
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates came back down slightly this week after the key 30-year loan…
Continue Reading Kohl’s cuts 2022 outlook, capping mixed week for retailers
By ANNE D’INNOCENZIO and MICHELLE CHAPMAN AP Business Writers Kohl’s has slashed its sales and profit expectations for the year as a result…
Continue Reading Hong Kong seeks citizens caught in Southeast Asia scams
HONG KONG (AP) — Hong Kong officials say they are seeking the return of citizens who traveled to Southeast Asia for jobs that entrapped them in…
Continue Reading 3rd sailboat carrying migrants reaches southern Greek island
ATHENS, Greece (AP) — Greek authorities say another sailboat carrying dozens of migrants has arrived at the island of Kythera. The boat that…
Continue Reading Egypt appoints central bank caretaker chief amid crisis
CAIRO (AP) — Egypt’s president has appointed a caretaker governor of the central bank amid a grinding economic crisis triggered by the Russian…
Continue Reading Dubai court finds mishandled peroxide caused 2021 port blast
DUBAI, United Arab Emirates (AP) — A Dubai court has found that a cargo ship’s mishandled peroxide caused an explosion at the city-state’s busy…
Continue Reading Hyundai Ioniq 5 named Car and Driver’s EV of the Year
By Peter Valdes-Dapena, CNN Business Hyundai’s Ioniq 5, an electric-only model with a sharp-edged design, was named Car and Driver’s…
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Swimply pool rentals
CNN — The sharing economy lets you rent stranger’s homes when you’re vacationing and it also lets you jump into other people’s cars when you need a…
Continue Reading Emirates to suspend Nigeria flights over blocked funds
By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — The Dubai-based airline Emirates says it will suspend all flights to Nigeria from September…
Continue Reading Fewer Americans file for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Slightly fewer Americans filed for unemployment benefits last week as the labor market continues…
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Scientists aim to bring back an extinct predator
AUSTIN, Texas — It sounds like something right out of Jurassic Park. Scientists say they want to resurrect a tiger that’s been extinct for a very…
Continue Reading Turkey lowers interest rate even as inflation soars to 80%
ANKARA, Turkey (AP) — Turkey’s central bank has lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for…
Continue Reading Trump executive pleads guilty in tax case, agrees to testify
By MICHAEL R. SISAK Associated Press NEW YORK (AP) — A top executive at former President Donald Trump’s family business pleaded guilty Thursday…
Continue Reading Germany lowers natural gas tax to ease burden on consumers
BERLIN (AP) — German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on…
Continue Reading Why junk food stocks are surging
By Nicole Goodkind, CNN Business People are stressed out and exhausted. The past two and a half years, full of public health crises, recession and…
Continue Reading Morocco: 13 migrants sent to prison for Spain crossing bid
RABAT, Morocco (AP) — A Moroccan court has sentenced 13 migrants to two and a half years in prison over a mass attempt to scale the border fence…
Continue Reading Sri Lanka hopes to reach initial agreement with IMF for help
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s central bank chief hopes the government can reach a preliminary…
Continue Reading Disqualified for disabilities, railroad workers fight back
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — After Terrence Hersey had a stroke on the way home from his railroad job in 2015, he underwent…
Continue Reading Trains paralyzed again in UK as unions stage more strikes
By SYLVIA HUI Associated Press LONDON (AP) — Thousands of train workers in Britain have staged a fresh round of strikes that is paralyzing rail…
Continue Reading Hurricane winds, fierce storms leave 8 dead in France, Italy
By SYLVIE CORBET and COLLEEN BARRY Associated Press PARIS (AP) — Violent thunderstorms and hurricane-force winds in France and Italy have left at…
Continue Reading Extreme heat is slamming the world’s three biggest economies all at once
By Julia Horowitz, CNN Business Estimating just how catastrophic climate change will be for the global economy has historically proven challenging.…
Continue Reading Norway’s central bank enacts big rate hike to tame inflation
COPENHAGEN, Denmark (AP) — Norway’s central bank has raised its key policy interest rate by half a percentage point, saying “inflation has been…
Continue Reading US and Taiwan agree to start talks on a trade and investment pact
By Wayne Chang and Lauren Lau, CNN Business The United States and Taiwan have officially agreed to launch negotiations on a new trade and investment…
Continue Reading Designer Armani and guests flee wildfire on Sicilian island
MILAN (AP) — Firefighters worked Thursday to put out the remnants of two wildfires on a Sicilian island that forced fashion designer Giorgio Armani…
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