US economy shrank by 1.5% in Q1 but consumers kept spending
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and…
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The US economy shrank slightly faster in the first quarter
CNN, CNNBUSINESS By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than…
Continue Reading The US economy shrank slightly faster in the first quarter
By Anneken Tappe, CNN Business America’s economy shrank in the first quarter of the year at a slightly faster rate than initially reported, the…
Continue Reading Retailers’ troubles sound the alarm for rest of economy
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The fastest inflation in 40 years squeezed retailers during the first quarter, alarming…
Continue Reading Fewer Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless aid last week as the number of Americans collecting…
Continue Reading UK hits oil and gas companies with $6 billion windfall tax
By Anna Cooban, CNN Business The UK government is introducing a £5 billion ($6.3 billion) tax on the windfall profits of its oil and gas companies,…
Continue Reading Crypto is dead. Long live crypto
By Allison Morrow, CNN Business The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday,…
Continue Reading Virtual learning apps tracked and shared kids’ data and online activities with advertisers, report says
By Samantha Murphy Kelly, CNN Business Millions of students who participated in virtual learning during the Covid-19 pandemic had their personal data…
Continue Reading As CEO pay grows even bigger, so does its complexity
By STAN CHOE AP Business Writer NEW YORK (AP) — Within the eight- and even nine-figure sums trumpeted for CEOs each year, just a small portion is…
Continue Reading Pay for female CEOs rose 26% in 2021, but ranks remain small
By MAE ANDERSON AP Business Writer NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered…
Continue Reading Spain vows legal reforms in wake of spying allegations
MADRID (AP) — The Spanish government will tighten judicial control over the country’s intelligence agency. Prime Minister Pedro Sánchez made the…
Continue Reading How AP and Equilar calculated CEO pay
The Associated Press For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined…
Continue Reading How much the top-paid male, female CEOs made in 2021
The Associated Press Expedia’s Peter Kern and Warner Bros. Discovery’s David Zaslav are among the top paid CEOs in the S&P 500 index.…
Continue Reading Turkish central banks keeps rate at 14% despite inflation
ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running despite an annual inflation rate of nearly…
Continue Reading CEO pay rose 17% in 2021 as profits soared; workers trailed
By STAN CHOE AP Business Writer NEW YORK (AP) — Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5…
Continue Reading Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
CNN, HLN By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in…
Continue Reading Jimmy Kimmel becomes emotional after Texas shooting: ‘These are our children’
By Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The…
Continue Reading Japan’s troubled Toshiba proposes outside directors to board
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Troubled Japanese technology giant Toshiba has announced some additions to its proposed leadership…
Continue Reading Big tech deals keep coming: Broadcom buys VMware for $61B
By MICHELLE CHAPMAN AP Business Writer Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company…
Continue Reading UK touts help for energy bills; seeks to forget ‘partygate’
By JILL LAWLESS and SYLVIA HUI Associated Press LONDON (AP) — Britain’s Conservative government unveiled a 15 billion pound ($19 billion)…
Continue Reading PR stunt or show of strength? Russia slashes interest rates
By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas…
Continue Reading Portugal approves sale of Chelsea by Abramovich
LISBON, Portugal (AP) — The Portuguese government has given its authorization for the sale of Chelsea by Roman Abramovich. The Russian oligarch is…
Continue Reading Russia slams sanctions, seeks to blame West for food crisis
By RICARDO MAZALAN and ELENA BECATOROS Associated Press KYIV, Ukraine (AP) — Moscow pressed the West on Thursday to lift sanctions against Russia…
Continue Reading European unity against Russia tested as talks on oil embargo drag on
CNN, CNNBUSINESS By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries…
Continue Reading PR stunt or show of strength? Russia slashes interest rates
CNN, CNNBUSINESS By Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by…
Continue Reading Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades. Yet the price of…
Continue Reading Albania offers ex-Soviet built naval base to NATO
By LLAZAR SEMINI Associated Press TIRANA, Albania (AP) — The office of Albania’s prime minister says the country has offered to NATO a naval…
Continue Reading Rights group: Bulgaria uses police dogs in migrant pushbacks
SOFIA, Bulgaria (AP) — An international rights group says that Bulgarian authorities are attacking Afghan and other asylum-seekers, using police…
Continue Reading US making COVID antiviral drug more available at test sites
By ZEKE MILLER Associated Press WASHINGTON (AP) — The White House on Thursday announced more steps to make the antiviral treatment Paxlovid more…
Continue Reading Davos ends with Germany pushing global work on climate, war
By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — German Chancellor Olaf Scholz has expressed hopes for global cooperation on climate…
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