Mortgage rates ticked lower, but are still well above 5%
By Anna Bahney, CNN Business Mortgage rates fell slightly last week, but purchasing a home still remains difficult for many prospective buyers. The…
Continue ReadingBiz/Tech
Fed nominee Michael Barr calls inflation ‘far too high’
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — President Joe Biden’s pick to be the Federal Reserve’s top banking regulator…
Continue Reading Average long-term U.S. mortgage rates edge down to 5.25%
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key…
Continue Reading McDonald’s era in Russia coming to a close, restaurants sold
By DEE-ANN DURBIN AP Business Writer McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful…
Continue Reading FDA head: Baby formula factory could reopen by next week
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration’s commissioner says a shuttered baby formula factory…
Continue Reading Worst may not be over for the market. Stocks fall again
By Paul R. La Monica, CNN Business The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday’s…
Continue Reading Kohl’s cuts annual forecast, as it gets stung with inflation
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Kohl’s Corp. cut its earnings forecast, as the department store joins a string of…
Continue Reading More buyers opt for adjustable-rate mortgages as rates rise
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Rising interest rates are making adjustable-rate mortgages a more attractive alternative to…
Continue Reading ‘Twitter philanthropy’ reveals chasms in social safety net
By R.J. RICO Associated Press Practically every minute of every hour, someone sends a tweet to Bill Pulte, a 33-year-old private-equity investor and…
Continue Reading More Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting…
Continue Reading WHO clears China’s CanSino COVID vaccine for emergency use
GENEVA (AP) — The World Health Organization has granted an emergency use authorization for the coronavirus vaccine made by China’s CanSino…
Continue Reading Retailers just sounded an alarm on inflation. It’s worth heeding
By Julia Horowitz, CNN Business Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results from Target and…
Continue Reading Retailers just sounded an alarm on inflation. It’s worth heeding
CNN, CNN BUSINESS By Julia Horowitz, CNN Business Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results…
Continue Reading Pakistani rupee drops to record low amid talks with IMF
ISLAMABAD (AP) — Pakistan’s currency has plummeted to an all-time record low in intraday trading against the U.S. dollar amid uncertainty about…
Continue Reading Italian tugboat sinks in the Adriatic Sea; 5 crew missing
MILAN (AP) — The Italian Coast Guard says a tugboat with six people on board has capsized in the Adriatic Sea, leaving five crew members missing.…
Continue Reading Indonesia lifts ban on cooking oil export as supply improves
By EDNA TARIGAN Associated Press JAKARTA, Indonesia (AP) — Indonesia is lifting a monthlong ban on palm oil export, citing improvements in the…
Continue Reading Taco Bell’s Mexican Pizza finally returns to menus
By Jordan Valinsky, CNN Business Taco Bell’s highly anticipated Mexican Pizza finally returns to menus Thursday following a roughly two-year…
Continue Reading Sri Lanka limits foreign currency holdings amid crisis
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s central bank says it will lower the maximum amount of foreign…
Continue Reading Spirit tells shareholders to reject hostile bid from JetBlue
By MICHELLE CHAPMAN AP Business Writer Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it…
Continue Reading UK freezes assets on Russian airlines, preventing slot sale
LONDON (AP) — Britain has frozen the assets of three Russian airlines, preventing them from selling landing slots at U.K. airports that are worth…
Continue Reading Park outdoors: Ford recalls SUVs due to engine fire risk
DETROIT (AP) — Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that…
Continue Reading Inflation, Russia-Ukraine war draw G7 finance leaders’ focus
By FATIMA HUSSEIN and FRANK JORDANS Associated Press KOENIGSWINTER, Germany (AP) — Finance ministers for the Group of Seven leading economies are…
Continue Reading EU: Nearly 270 cases of salmonella found in chocolate eggs
STOCKHOLM (AP) — European health officials say nearly 270 cases of salmonella infection linked to chocolate Easter eggs have now been reported…
Continue Reading Germany says pandemic not over as court OKs vaccine mandate
By FRANK JORDANS Associated Press BERLIN (AP) — Germany’s health minister is warning that the coronavirus pandemic is not over yet. Health…
Continue Reading Court considers whether US can seize a Russian yacht in Fiji
By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — On May 5, five U.S. federal agents boarded the massive Russian-owned superyacht…
Continue Reading Asian stocks rise after Wall St slips closer to bear market
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets are higher after Wall Street fell closer to bear territory, China cut a key…
Continue Reading Shanghai to reopen subways in easing of COVID lockdown
BEIJING (AP) — The locked-down Chinese metropolis of Shanghai will reopen four of its 20 subway lines Sunday as it slowly eases pandemic…
Continue Reading Saban calls out Texas A&M for using NIL deals to buy players
BIRMINGHAM, Ala. (AP) — Alabama coach Nick Saban called out Texas A&M, saying the school was “buying” players with name, image and likeness…
Continue Reading Ukrainian troops surrendering at Mariupol registered as POWs
By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN Associated Press KYIV, Ukraine (AP) — Russia says hundreds more fighters have emerged from the…
Continue Reading Global markets slide after a tough day on Wall Street
By Laura He, CNN Business Asian markets mostly closed lower on Thursday and European indexes slid in early trade following a rough day on Wall…
Continue Reading