Real estate job cuts: Redfin and Compass announce layoffs
By Anna Bahney, CNN Business Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are…
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Cuba sugar harvest only half of expected; sector in ‘crisis’
HAVANA (AP) — Cuba has produced only about half the sugar it had projected this season and authorities acknowledge that while they will cover…
Continue Reading This is how a higher Fed rate could affect your finances
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Record low-interest mortgages are long gone. Credit card rates will likely rise.…
Continue Reading What rising interest rates mean for you
CNN By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending…
Continue Reading Nucor, Hertz Global rise; Methode, iQIYI fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Nucor, Hertz Global rise; Methode, iQIYI…
Continue Reading How major US stock indexes fared Wednesday
The Associated Press Stocks rallied in a roller-coaster day of trading on Wall Street Wednesday after the Federal Reserve hiked interest rates by the…
Continue Reading FAA says future planes will need to reduce carbon emissions
WASHINGTON (AP) — The Biden administration is proposing to require that future airplanes produce lower levels of greenhouse gas emissions before…
Continue Reading Russia’s war on Ukraine will shape the Czech EU presidency
By KAREL JANICEK By Associated Press PRAGUE (AP) — Russia’s invasion of Ukraine and what Europe must do to counter the consequences of it…
Continue Reading Two students sue shipping giant Maersk, alleging sexual assault and harassment
By Blake Ellis and Melanie Hicken, CNN An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for July delivery fell $3.62 to $115.31 a barrel Wednesday. Brent crude for August delivery fell $2.66…
Continue Reading Florida utility aims to eliminate carbon emissions by 2045
By TERRY SPENCER Associated Press FORT LAUDERDALE, Fla. (AP) — Florida’s largest electricity provider has announced plans to eliminate all of its…
Continue Reading Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an aggressive move…
Continue Reading Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994
CNN, POOL By Nicole Goodkind, CNN Business The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in an…
Continue Reading The Federal Reserve passes the buck on inflation
CNN, CNNBUSINESS By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s…
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Reaction to Tigua tribe winning decades-long gambling fight with Texas
EL PASO, Texas — The Tigua tribe scored a major victory against Texas over the legality of gambling. The Tigua can legally operate bingo-based games…
Continue Reading Triple whammy for European gas supplies sends prices soaring
By Anna Cooban, CNN Business Europe’s natural gas supply has suffered its third blow in 48 hours, sending prices rocketing 42% higher from…
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U.S. Supreme Court sides with El Paso’s Tigua tribe in decades-long gambling fight with Texas
El Paso’s Tigua Indians can legally operate bingo-based games at their Speaking Rock Entertainment Center in the Lower Valley, the U.S. Supreme…
Continue Reading Danish toymaker Lego expands amid sale surge
COPENHAGEN, Denmark (AP) — Danish toy company Lego said Wednesday it plans to invest more than $1 billion over 10 years to build a new factory in…
Continue Reading Lebanon extends licensing deadline for gas exploration
BEIRUT (AP) — Lebanon’s state-run news agency says the country’s caretaker energy minister has extended the licensing deadline for oil…
Continue Reading Turkey’s leader changes mind again on new name for airline
ANKARA, Turkey (AP) — Turkey’s president is on a big push to rebrand the nation and its assets but he has changed his mind about what the…
Continue Reading High court rules against government on drug reimbursement
By JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court says the federal government improperly lowered drug reimbursement payments…
Continue Reading Virginia lands LEGO factory in suburban Richmond
CHESTERFIELD, Va. (AP) — Global toy manufacturer the LEGO Group plans to invest more than $1 billion to build a factory in suburban Richmond,…
Continue Reading Manufacturing CEOs are worried about a recession
By Matt Egan, CNN Business High inflation and rising recession risks are darkening the mood in the manufacturing industry. Fifty-nine percent of…
Continue Reading 1,000-foot ship freed after grounding near Georgia port
SAVANNAH, Ga. (AP) — Authorities are investigating what caused a cargo ship to become grounded in the shipping channel to Georgia’s busiest…
Continue Reading Here’s why crypto experts are shrugging off the bitcoin crash
By Nicole Goodkind, CNN Business Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging…
Continue Reading Independent booksellers grew in number, diversity in 2021
By HILLEL ITALIE AP National Writer NEW YORK (AP) — Independent booksellers are growing in number and becoming more diverse. Membership in the…
Continue Reading End of an era: Microsoft retires Internet Explorer
CNN, CNN BUSINESS By Jennifer Korn and David Goldman, CNN Business After nearly 27 years, an iconic Microsoft product is finally being put to rest.…
Continue Reading End of an era: Microsoft retires Internet Explorer
By Jennifer Korn and David Goldman, CNN Business After nearly 27 years, an iconic Microsoft product is finally being put to rest. Internet Explorer…
Continue Reading Ford recalls over 2.9M vehicles at risk of roll away crashes
DETROIT (AP) — Ford is recalling over 2.9 million vehicles to fix a transmission problem that can increase the risk of inadvertent rollaway…
Continue Reading Russia again cuts natural gas exports thru European pipeline
By GEIR MOULSON Associated Press BERLIN (AP) — Russia’s Gazprom has announced a reduction in natural gas flows through a key European pipeline…
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