Ford earnings and revenue soar, helped by high car prices
By Chris Isidore, CNN Business Ford shook off the impact of supply chain problems and limited vehicle inventory to post much better-than-expected…
Continue ReadingBiz/Tech
NFL finance group supports Broncos sale to Walmart heir
By ARNIE STAPLETON AP Pro Football Writer ENGLEWOOD, Colo. (AP) — NFL owners will decide on Aug. 9 whether to approve the proposed $4.65 billion…
Continue Reading Electric truck maker Rivian laying off 6% of its workforce
By Peter Valdes-Dapena, CNN Business Rivian, the Amazon-backed manufacturer of electric pickups, SUVs and delivery vans, is laying off about 6% of…
Continue Reading Airbus reports lower Q2 profit, trims 2020 production target
By The Associated Press Airbus said net income plunged in the second quarter and warned that supply chain challenges were leading it scale back…
Continue Reading Facebook parent posts first revenue decline as a public company
By Clare Duffy, CNN Business Facebook is in decline. Meta, Facebook’s parent company, reported revenue of $28.8 billion for the three months…
Continue Reading Facebook parent Meta posts first revenue decline in history
By BARBARA ORTUTAY AP Technology Writer Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday,…
Continue Reading Ford 2Q profit up 19%, sees stronger year despite inflation
By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough…
Continue Reading Spotify, Alphabet rise; Kraft Heinz, Garmin fall
Stocks that traded heavily or had substantial price changes Wednesday: Teva Pharmaceutical Industries Ltd., up $2.02 to $9.14. The drugmaker agreed…
Continue Reading Confused by huge Mega Millions prize? Here are some answers
By SCOTT McFETRIDGE Associated Press DES MOINES, Iowa (AP) — Now that the Mega Millions lottery jackpot has topped $1 billion — only the fourth…
Continue Reading Whistleblowers hit Southwest, FAA for lax safety practices
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Federal officials say that Southwest Airlines and the union representing its pilots have resisted…
Continue Reading DOJ reaches redlining settlement with mortgage lender accused of discriminating against communities of color
By Hannah Rabinowitz, CNN A Pennsylvania mortgage company owned by billionaire investor Warren Buffett discriminated against communities of color in…
Continue Reading FTC acts to block Meta from buying VR company, fitness app
By MARCY GORDON AP Business Writer WASHINGTON (AP) — Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark…
Continue Reading FTC files to block Facebook-parent Meta from buying a VR company
By Clare Duffy, Rachel Metz and Brian Fung, CNN The Federal Trade Commission on Wednesday moved to block Facebook-parent Meta from acquiring virtual…
Continue Reading TikTok pledges more transparency for researchers amid renewed scrutiny
By Catherine Thorbecke, CNN Business TikTok on Wednesday said it would share more data with certain researchers to study activity on the platform…
Continue Reading Victim of private spyware warns it can be used against US
By NOMAAN MERCHANT Associated Press WASHINGTON (AP) — First, her father was lured back to Rwanda under false pretenses and jailed. Then, months…
Continue Reading
Federal Reserve raises key rate by substantial three-quarters of a point for 2nd straight time in bid to curb inflation
WASHINGTON (AP) — Federal Reserve raises key rate by substantial three-quarters of a point for 2nd straight time in bid to curb inflation.…
Continue Reading How the Federal Reserve’s rate hikes affect your finances
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more…
Continue Reading British man arrested after London-LA flight diverted to Utah
Associated Press SALT LAKE CITY (AP) — A British man aboard a flight from London to Los Angeles grabbed a passenger seated in front of him by the…
Continue Reading Sprite will no longer be sold in green bottles
By Jordan Valinsky, CNN Business Sprite is retiring its green plastic bottles after more than 60 years. Coca-Cola said Wednesday it’s changing…
Continue Reading Report: Federal debt lower in 2022; still poised to climb
By JOSH BOAK Associated Press The Congressional Budget Office says the end of pandemic-era spending, fast economic growth and higher tax revenues…
Continue Reading Fed makes history with second massive rate hike in as many months
By Nicole Goodkind, CNN Business What seemed unfathomable just six months ago — a 75-basis-point rate hike by the Federal Reserve — has…
Continue Reading Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming
CNN By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed…
Continue Reading
El Paso homeschooling moms teach their kids with hands-on experiments. Today’s is- cooking food with solar power
EL PASO, Texas – The Sun City Homeschool Co-op in El Paso is a group of moms that create fun elective classes for their children to participate in.…
Continue Reading Senate passes bipartisan bill investing $52 billion in US semiconductor production
By Clare Foran and Ted Barrett, CNN The Senate voted Wednesday to pass a long-awaited bill aimed at boosting US semiconductor production in a bid to…
Continue Reading Senate passes bill to boost computer chip production in US
By KEVIN FREKING Associated Press WASHINGTON (AP) — The Senate has passed a bill that’s designed to encourage more semiconductor companies to…
Continue Reading Inflation hits NYC’s bodega favorite: Bacon, egg and cheese
By ROBERT BUMSTED Associated Press NEW YORK (AP) — Ah, the bacon, egg and cheese. The classic bodega breakfast sandwich is a staple in many a New…
Continue Reading Judge tosses Kentucky student’s lawsuits over DC encounter
By DYLAN LOVAN Associated Press LOUISVILLE, Ky. (AP) — A federal judge has thrown out multimillion-dollar defamation lawsuits against five media…
Continue Reading Workers at Massachusetts Trader Joe’s store take union vote
By MARK PRATT Associated Press Employees at a Trader Joe’s in Massachusetts are casting votes over the next two days in an attempt to form the…
Continue Reading DOJ: Buffett company discriminated against Black homebuyers
By KEN SWEET AP Business Writer NEW YORK (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s company…
Continue Reading What the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue Reading