Southwest posts record revenue but warns of rising costs
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines’ second-quarter profit doubled to $760 million on record revenue, but the…
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China backs away from growth goal, sticks to virus controls
By JOE McDONALD AP Business Writer BEIJING (AP) — China’s leaders effectively acknowledged the struggling economy won’t hit its official 5.5%…
Continue Reading Gov’t: US Bank workers opened fake accounts for sales goals
By KEN SWEET AP Business Writer NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their customers’…
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Mortgage rates fall as fears about the US economy loom
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue Reading Biden hails economic bill amid signs of broad Dem support
By ALAN FRAM and LISA MASCARO Associated Press WASHINGTON (AP) — President Joe Biden hailed a nascent Democratic package of climate, health care…
Continue Reading Average US long-term mortgage rates retreat to 5.3%
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced…
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JetBlue announces a deal to buy Spirit Airlines for $3.8 billion
QUEENS, New York — JetBlue Airways announced on Thursday that it would purchase Spirit Airlines, a combination that would create America’s…
Continue Reading Pfizer’s Comirnaty, Paxlovid push Q2 sales to new heights
By TOM MURPHY and MICHELLE CHAPMAN AP Business Writers Sales of Pfizer’s COVID-19 vaccine and treatment in the second quarter propelled the…
Continue Reading Fewer Americans applied for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week’s number was…
Continue Reading Cyprus, Greece, look to EU if Turkey renews gas search
By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — The foreign minister of Cyprus says his government and Greece will consult with…
Continue Reading In a 3rd test, Facebook still fails to block hate speech
By BARBARA ORTUTAY AP Technology Writer Facebook is letting violent hate speech slip through its controls in Kenya, according to a new report from…
Continue Reading 1st Trader Joe’s union approved at Massachusetts store
By MARK PRATT Associated Press Employees at a Trader Joe’s supermarket in Massachusetts on Thursday became the latest workers at a major company to…
Continue Reading German inflation rate slips again in July from month before
BERLIN (AP) — Germany’s annual inflation rate has declined slightly for the second consecutive month, but July’s pace of 7.5% is still within…
Continue Reading US economy contracts again, fueling recession fears
CNN By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said…
Continue Reading US economy contracts again, fueling recession fears
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
Continue Reading US economy shrinks for a 2nd quarter, raising recession fear
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at…
Continue Reading Spain’s govt wants windfall tax on banks, energy companies
MADRID (AP) — Spain’s Socialist-led coalition government wants large energy companies and banks to pay a windfall tax, which officials hope will…
Continue Reading Why stocks are so weird right now
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue Reading Biden, Xi could meet in person, US official says
By CHRIS MEGERIAN, ZEKE MILLER and ELLEN KNICKMEYER Associated Press WASHINGTON (AP) — President Joe Biden and China’s Xi Jinping are exploring…
Continue Reading Nestle reports higher sales even as it raises prices
VEVEY, Switzerland (AP) — Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as…
Continue Reading More homes for sale, but low-priced listings remain scarce
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The number of homes on the market has been rising, albeit from very low levels. Home listings…
Continue Reading Last year’s backpack: Tapped out families are struggling to pay for back to school purchases
CNN, CNNBUSINESS By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household…
Continue Reading This region is suffering from some of the highest inflation in America. Here’s how locals are surviving
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue Reading Altria’s $13B investment in Juul e-cigarettes vaporizes
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria reports its nearly $13 billion investment in troubled vaping company Juul is worth 95%…
Continue Reading Watchdog head: Fines may not stop bad behavior by companies
By KEN SWEET AP Business Writer NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about using fines to deter…
Continue Reading Shell posts record earnings again as energy prices soar
LONDON (AP) — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring prices of oil and…
Continue Reading Merck beats expectations, helped by Keytruda sales
By The Associated Press Merck is posting second-quarter sales that easily topped Wall Street expectations, boosted by sales growth of some of its key…
Continue Reading JetBlue announces a deal to buy Spirit Airlines. Fares could surge
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue Reading JetBlue is buying Spirit for $3.8 billion after bidding war
By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase…
Continue Reading Asia’s richest woman lost more than half her fortune in China’s property crunch
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
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