EXPLAINER: How do we know when a recession has begun?
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the…
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Bill to boost semiconductor industry passes key Senate test
By KEVIN FREKING Associated Press WASHINGTON (AP) — The Senate has advanced a $280 billion bill designed to boost the U.S. semiconductor industry…
Continue Reading As the online pandemic boom fades, Shopify cuts 1,000 jobs
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce…
Continue Reading Savannah port breaks cargo records amid import surge
By RUSS BYNUM Associated Press SAVANNAH, Ga. (AP) — The Port of Savannah saw record-breaking cargo volumes this past fiscal year amid a surge in…
Continue Reading Energy Dept. backs $2.5B loan to GM venture for EV batteries
By MATTHEW DALY Associated Press WASHINGTON (AP) — A joint venture between General Motors and South Korean battery company LG Energy Solution is…
Continue Reading Amazon to raise Prime fees in Europe, cites rising costs
Associated Press Amazon is raising its Prime fees in Europe, the company told customers on Tuesday, days ahead of its second quarter earnings report.…
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Next sign of the market apocalypse: Single-stock ETFs
By Paul R. La Monica, CNN Business The Wall Street gambling parlor is still alive and well. Asset management firm AXS Investments recently launched…
Continue Reading Russia says it will quit the International Space Station after 2024
By Uliana Pavlova and Kristin Fisher, CNN Russia says it is planning to pull out of the International Space Station and end its decades-long…
Continue Reading Russia taking over ownership stakes in Arctic oil field
MOSCOW (AP) — Russia has announced it is acquiring the stock in an Arctic oil field now held by French and Norwegian companies. The Russian…
Continue Reading Sorrow in Choco Taco town after summer treat is discontinued
By MICHELLE CHAPMAN and DEE-ANN DURBIN AP Business Writers A tech millionaire offered to buy it. A U.S. senator suggested that the government should…
Continue Reading Shopify to cut 10% of staff after making ‘wrong’ bet about pandemic online shopping boom
By Catherine Thorbecke, CNN Business Shopify will lay off approximately 10% of its global staff after making the “wrong” bet on how long…
Continue Reading Spain passes bill to help legalize foreign workers
By RAQUEL REDONDO Associated Press MADRID (AP) — Spain is easing requirements for foreign laborers to obtain work permits in an effort to bring…
Continue Reading Volkswagen starts US electric vehicle assembly in Tennessee
CHATTANOOGA, Tenn. (AP) — Volkswagen has begun production of its first electric vehicle assembled in the United States at a Tennessee plant. The…
Continue Reading Biden fights talk of recession as key economic report looms
By JOSH BOAK Associated Press President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession.…
Continue Reading Consumers confidence slides for third straight month in July
By MATT OTT AP Business Writer WASHINGTON (AP) — U.S. consumer confidence slid again in July as concerns about higher prices for food and gas…
Continue Reading US economy sending mixed signals: Here’s what it all means
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears…
Continue Reading Millennial Money: Can job-hopping help retirement savings?
By ELIZABETH AYOOLA NerdWallet Millennials are known for changing jobs often, but how does that affect their retirement savings? That depends on…
Continue Reading Consumer confidence slips for third straight month
By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
Continue Reading Home prices are still going strong, but there are signs of slowing
By Anna Bahney, CNN Business US home prices were up nearly 20% in May compared to the year before. But there were signs the market began to cool as…
Continue Reading Investigators blame American Airlines pilot for bad takeoff
WASHINGTON (AP) — Federal investigators say a mistake by the captain of an American Airlines flight caused the plane’s wing to clip the ground…
Continue Reading Unilever hikes prices for products but expects strong sales
LONDON (AP) — Unilever says it raised prices by more than 11% between April and June as inflation surged. The consumer goods giant said Tuesday…
Continue Reading At Home: Gear, toys, tips to help beat the heat outdoors
By KIM COOK Associated Press The thermostat has officially hit swelter. Whether you’re trying to play in the backyard or just chill outdoors,…
Continue Reading McDonald’s customers shrug off higher menu prices as revenue jumps
By Danielle Wiener-Bronner, CNN Business McDonald’s has been raising menu prices and customers are eating it up. Sales at McDonald’s US…
Continue Reading ‘Edge of a global recession’: IMF slashes world economic forecast again
By Michelle Toh, CNN Business The global economy is already in trouble, yet risks keep piling up. In a report released Tuesday, the International…
Continue Reading Indonesia’s leader invites Chinese counterpart to G20 summit
BEIJING (AP) — Indonesian President Joko Widodo has formally invited his Chinese counterpart Xi Jinping to the Group of 20 summit in Bali this fall…
Continue Reading Developing nations seek to overcome energy, currency crises
By JULHAS ALAM Associated Press DHAKA, Bangladesh (AP) — Business leaders and officials from eight developing nations meeting in Bangladesh say…
Continue Reading Global food prices are finally falling … but for how long?
By Julia Horowitz, CNN Business When wheat prices shot up to record highs following Russia’s invasion of Ukraine, alarm bells immediately…
Continue Reading US opens 3 probes of safety issues in Stellantis vehicles
DETROIT (AP) — U.S. safety regulators have opened three investigations into safety issues with about 1.65 million vehicles made by Stellantis. The…
Continue Reading The EU has agreed to ration gas, but some countries put up a fight
By Anna Cooban, CNN Business The European Union has agreed to ration its natural gas this winter to prevent a severe supply shock. But the bloc has…
Continue Reading Germany takes control of Russian-owned oil refineries
CNN By Nadine Schmidt and Anna Cooban, CNN Business The German government has seized control of three Russian-owned oil refineries to secure supplies…
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