The Fed can’t afford to move too slowly on interest rates
Opinion by Desmond Lachman for CNN Business Perspectives Even with consumer price inflation running at almost 8%, the Fed announced Wednesday it…
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Fewer Americans file for jobless claims last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week, as layoffs continue to decline amid a…
Continue Reading Railway glitch delays, halts trains in Poland, Italy
By MONIKA SCISLOWSKA Associated Press WARSAW, Poland (AP) — Railway authorities in Poland and Italy say major malfunctions in the electronic…
Continue Reading How to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business As expected, the US Federal Reserve on Wednesday hiked its key short-term interest rate for the first time since 2018.…
Continue Reading China’s Shenzhen to reopen, still trying to contain virus
By JOE McDONALD AP Business Writer BEIJING (AP) — The Chinese government says companies in Shenzhen, a major business center, will be allowed to…
Continue Reading Cambodia drops COVID-19 testing for vaccinated visitors
PHNOM PENH, Cambodia (AP) — Cambodia has announced new measures that significantly ease pandemic-related restrictions for foreign visitors,…
Continue Reading 4 ways China is quietly making life harder for Russia
By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue Reading 4 ways China is quietly making life harder for Russia
CNN By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue Reading One of the most basic hotel amenities is disappearing
By SALLY FRENCH of NerdWallet Daily housekeeping has been getting the ax from several hotel chains, whether as a means to manage staffing shortages,…
Continue Reading Major UK ferry operator fires 800 crew, disrupting service
By DANICA KIRKA Associated Press LONDON (AP) — One of the largest ferry operators in the United Kingdom has fired 800 crew members without notice…
Continue Reading War in Ukraine will take global economic toll, group warns
By The Associated Press The Organization for Economic Cooperation and Development is warning that Russia’s war in Ukraine will disrupt commerce…
Continue Reading Bank of England raises rates as Ukraine war boosts inflation
By DANICA KIRKA Associated Press LONDON (AP) — The Bank of England has raised its key interest rate for the third time since December as it pushes…
Continue Reading Emirati-flagged cargo ship sinks in Persian Gulf off Iran
By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — An Emirati-flagged cargo ship has sunk in the Persian Gulf. The operations…
Continue Reading Asian shares retreat as oil climbs back above $100
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares are mostly lower in Asia after Wall Street extended a rally into a third day on…
Continue Reading US expels another Chinese phone carrier on security grounds
By JOE McDONALD AP Business Writer BEIJING (AP) — Washington has expelled another state-owned Chinese phone carrier from the U.S. market over…
Continue Reading Study: SUVs, pickups hit pedestrians more often than cars do
By TOM KRISHER AP Auto Writer DETROIT (AP) — Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while…
Continue Reading Biden’s China ‘pivot’ complicated by Russia’s war in Ukraine
By AAMER MADHANI and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — Joe Biden set out to be the U.S. president who finally completed the “Asia…
Continue Reading Pandemic postcard: COVID outbreak leaves Hong Kong in limbo
By ALICE FUNG and ZEN SOO Associated Press HONG KONG (AP) — As a COVID-19 outbreak overwhelms Hong Kong, it’s hard for its 7.4 million residents…
Continue Reading Powell and 3 other nominees to Fed posts clear Senate panel
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Senate Banking Committee has approved Jerome Powell’s nomination to a second…
Continue Reading Florida couple pleads guilty to $881K COVID-19 relief fraud
FORT MYERS, Fla. (AP) — A Florida couple has pleaded guilty to stealing nearly $900,000 in COVID-19 relief funds. Court records show Amber Bruey…
Continue Reading Cheniere’s Louisiana, Texas LNG plants OK’d for more exports
The Associated Press The U.S. Department of Energy has given a liquefied natural gas exporter operating in Louisiana and Texas permission for…
Continue Reading How major US stock indexes fared Wednesday
The Associated Press Stocks shook off an afternoon stumble and ended higher on Wall Street after the Federal Reserve announced its first interest…
Continue Reading Facebook and YouTube say they removed Zelensky deepfake
By Rachel Metz, CNN Business Facebook and YouTube said Wednesday that they removed uploads of a deepfake video of Ukranian President Volodymyr…
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El Paso Water’s new facility to turn wastewater into drinking water
EL PASO, Texas — A pilot Water Purification Facility was built in the Lower Valley right by the Bustamante plant in 2015. After its…
Continue Reading Ukraine joins European grid, ending dependence on Russia
By FRANK JORDANS Associated Press BERLIN (AP) — Engineers have linked Ukraine to an electricity grid spanning much of continental Europe, allowing…
Continue Reading Chris Cuomo wants $125 million for ‘unlawful’ CNN firing
By DAVID BAUDER AP Media Writer NEW YORK (AP) — Former prime time anchor Chris Cuomo on Wednesday asked an arbitrator to award him $125 million for…
Continue Reading Fed Chair Jerome Powell: We won’t hesitate to raise rates to tame inflation
CNN, CNN BUSINESS By Anneken Tappe, CNN Business Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a…
Continue Reading Russia moves to seize hundreds of planes from foreign owners
By Chris Isidore and Chris Liakos, CNN Business Russia is seizing hundreds of commercial jets owned by US and European leasing companies, a further…
Continue Reading Russia says it made a payment to avoid default
By David Goldman, CNN Business Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting…
Continue Reading Starbucks, Jabil rise; NortonLifeLock, Lockheed fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Starbucks, Jabil rise; NortonLifeLock, Lockheed…
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