Yellen says more shocks likely to ‘challenge the economy’
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine…
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Putin gas cutoff shakes up Europe at little cost to Kremlin
By LORNE COOK, DANICA KIRKA and FRANK JORDANS Associated Press BRUSSELS (AP) — Russian President Vladimir Putin is putting pressure on European…
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US and over 55 other countries commit to democratic internet governance
By Brian Fung, CNN More than 55 countries and the United States announced their commitment Thursday to defending a free and open internet, agreeing…
Continue Reading Long-term US mortgage rates edge down this week to 5.1%
By MATT OTT AP Business Writer WASHINGTON (AP) — The average long-term U.S. mortgage rate edged down for the first time in two months following a…
Continue Reading Once Wall Street’s stars, Big Tech falls back to Earth
By STAN CHOE AP Business Writer NEW YORK (AP) — After years of screaming higher, almost regardless of what the economy was doing, tech-oriented…
Continue Reading US economy shrinks, threats loom, but growth likely to last
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank last quarter for the first time since the pandemic recession…
Continue Reading Fewer Americans file for jobless claims last week
By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell again last week and…
Continue Reading Russian gas customers in Europe may accept Putin’s payment terms
By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new…
Continue Reading Soaring costs and shortages push German industry to the brink
By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns,…
Continue Reading Southwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
Continue Reading Meta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue Reading Biden seeks $33B for Ukraine, signaling long-term commitment
By ALAN FRAM, ZEKE MILLER and AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden wants Congress to provide $33 billion to bolster…
Continue Reading Spain scrambles to stem storm over gas with supplier Algeria
By ASHIFA KASSAM Associated Press MADRID (AP) — Algeria has threatened to suspend its gas exports to Spain, the latest twist in a complex triangle…
Continue Reading UK delays post-Brexit border checks until end of 2023
By JILL LAWLESS Associated Press LONDON (AP) — Britain is postponing until the end of 2023 some checks on imports from the European Union that are…
Continue Reading Southwest loses $278M in Q1 but sees profitable rest of 2022
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines is reporting a loss of $278 million in the first quarter but says it will be…
Continue Reading Danish brewer Carlsberg reports strong growth in 1st quarter
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says it saw a strong growth in the first three months of the year despite trying to sell its…
Continue Reading Moderna seeks to be 1st with COVID shots for littlest kids
By LAURAN NEERGAARD AP Medical Writer Moderna is asking U.S. regulators to open its COVID-19 vaccine to the nation’s youngest children. Kids…
Continue Reading Surging sales at McDonald’s offsets trouble in China, Russia
By DEE-ANN DURBIN AP Business Writer McDonald’s said higher U.S. menu prices and easing COVID restrictions in Europe helped offset troubled markets…
Continue Reading Caterpillar sales surge in first quarter, but so do costs
By MICHELLE CHAPMAN AP Business Writer Caterpillar’s first-quarter sales climbed as construction equipment demand continues to surge even though…
Continue Reading What to do if there’s a mistake on your business taxes
By TINA OREM of NerdWallet For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a…
Continue Reading COVID-19 treatment, Keytruda boost drugmaker Merck in Q1
By TOM MURPHY AP Health Writer Merck soared past first-quarter expectations, helped by sales of its long-standing blockbuster cancer drug Keytruda…
Continue Reading Investing ethically won’t buy protection in this market
CNN By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted…
Continue Reading The US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue Reading People in Beijing can now book a taxi with no one at the wheel
By Michelle Toh, CNN Business For the first time in China, people will be able to get a taxi ride without anyone behind the wheel. Baidu and…
Continue Reading Sweden’s central bank raises interest rate to hit inflation
STOCKHOLM (AP) — Sweden’s central bank has raised a key interest rate, citing the highest inflation level since the 1990s. Riksbanken said…
Continue Reading Huawei’s Q1 sales down 14% as U.S. sanctions remain
By ZEN SOO AP Technology Writer SINGAPORE (AP) — Chinese telecoms equipment and smartphone maker Huawei has reported its sales fell 14% in the last…
Continue Reading Taiwan faces largest COVID-19 outbreak yet
By HUIZHONG WU Associated Press TAIPEI, Taiwan (AP) — Taiwan had been living mostly free of COVID-19 until this month. The island is now facing its…
Continue Reading Nokia sees 1Q operating profits down 18%, sales up 1%
COPENHAGEN, Denmark (AP) — Wireless and fixed-network equipment maker Nokia has reported first-quarter operating profits of 354 million euros, down…
Continue Reading Asian shares mostly higher after tech-led rebound on Wall St
By ELAINE KURTENBACH AP Business Writer Stocks are mostly higher in Asia after a rally on Wall Street led by technology companies. U.S. futures and…
Continue Reading China grants first driverless taxi permits to Baidu, Pony.ai
BEIJING (AP) — Chinese internet services company Baidu has received a permit to provide driverless ride-hailing services to the public in Beijing,…
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