Average U.S. mortgage rates rise; 30-year loan breaches 4%
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019.…
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Big new California reservoir on track for $2.2B federal loan
By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — A long-delayed plan to build a giant lake in Northern California has received a big…
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UK ferry company fires 800 seafarers. Some are refusing to leave their ships
By Anna Cooban, CNN Business A Dubai-owned British ferry company fired 800 seafarers on Thursday, bringing chaos to some of the country’s…
Continue Reading UK ferry company fires 800 seafarers. Some are refusing to leave their ships
CNN, CNNBUSINESS By Anna Cooban, CNN Business A Dubai-owned British ferry company fired 800 seafarers on Thursday, bringing chaos to some of the…
Continue Reading Federal judge finds another Iowa ag-gag law unconstitutional
By DAVID PITT Associated Press DES MOINES, Iowa (AP) — The Iowa Legislature has been trying for a decade to make it illegal for animal rights…
Continue Reading Amazon closes $8.5 billion deal to acquire MGM
By Frank Pallotta, CNN Business James Bond is now an Amazon employee. The tech giant has closed its $8.5 billion deal to acquire MGM, the home of the…
Continue Reading Spanish authorities deploy 23,000 police amid trucker strike
MADRID (AP) — Spain’s government says it is mobilizing more than 23,000 police to crack down on striking truck drivers blamed for attacks on…
Continue Reading Vatican cardinal says donations went to charity, not brother
By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — A once-powerful cardinal has told a Vatican court that he donated 125,000 euros ($140,000)…
Continue Reading What it means for Russia to default on its debt
By Allison Morrow, CNN Business Russia is barreling toward a default on its foreign debt payments, threatening to plunge its economy deeper into…
Continue Reading Czech Republic opens tender for new nuclear reactor
By KAREL JANICEK Associated Press PRAGUE (AP) — The Czech Republic has launched a tender to build a new reactor at the Dukovany nuclear power plant…
Continue Reading Mortgage rates rise above 4% for the first time since 2019
By Anna Bahney, CNN Business Mortgage rates climbed past 4% for the first time since May 2019. The 30-year fixed-rate mortgage averaged 4.16% in the…
Continue Reading Kansas impasse shows green energy opposition has lost steam
By JOHN HANNA AP Political Writer TOPEKA, Kan. (AP) — Efforts to propel Kansas’ renewable energy future are mired in legislative stalemate. At…
Continue Reading US home prices rose 15% in February from a year ago
CNN, FEDERAL RESERVE BOARD By Anna Bahney, CNN Business Home prices rose 15% to a median price of $357,300 in February from last year, as inventory…
Continue Reading Russian businesses in US face backlash from war in Ukraine
By ANNE D’INNOCENZIO and HALELUYA HADERO AP Business Writers NEW YORK (AP) — Americans angered by Russia’s war on Ukraine are taking it out…
Continue Reading Tech leaders face threat of prison under new UK online bill
By KELVIN CHAN AP Business Writer LONDON (AP) — The British government has unveiled its online safety bill in Parliament, which is aimed at…
Continue Reading Amazon closes $8.5B deal to acquire Hollywood studio MGM
Associated Press Amazon has closed its $8.5 billion acquisition of Hollywood studio MGM, two days after European regulators said the deal “would…
Continue Reading Uber and Lyft are offering fuel surcharges and cash back offers for workers. Is it enough?
CNN By Sara Ashley O’Brien, CNN Business For many gig workers, their vehicles are how they make a living. And as independent contractors,…
Continue Reading Uber and Lyft are offering fuel surcharges and cash back offers for workers. Is it enough?
By Sara Ashley O’Brien, CNN Business For many gig workers, their vehicles are how they make a living. And as independent contractors,…
Continue Reading Japanese PM to visit India to build Indo-Pacific partnership
By ASHOK SHARMA Associated Press NEW DELHI (AP) — An Indian official say Japan’s Prime Minister Fumio Kishida will meet with his Indian…
Continue Reading Turkish central bank doesn’t change rates as inflation soars
By ZEYNEP BILGINSOY Associated Press ISTANBUL (AP) — Turkey’s central bank has kept interest rates unchanged for a third month as consumer prices…
Continue Reading Fear itself: inflation risks being self-reinforcing prophecy
By STAN CHOE AP Business Writer NEW YORK (AP) — Prices are rising at the fastest rate in generations, and have already proven many economists wrong…
Continue Reading The broken nickel market is a warning to Wall Street
By Julia Horowitz, CNN Business After a week-long pause, investors can trade nickel again on the London Metal Exchange. But the market remains…
Continue Reading 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…
Continue Reading 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
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 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…
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