US economy slowed to a 2% rate last quarter in face of COVID
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Hampered by COVID-19 cases and supply shortages, the U.S. economy slowed sharply to a 2%…
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US jobless claims drop to pandemic low of 281,000
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a pandemic low last week,…
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America’s economic recovery hits a major roadblock
By Anneken Tappe, CNN Business This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in…
Continue Reading America’s economic recovery hits a major roadblock
CNN, CNNBUSINESS By Anneken Tappe, CNN Business This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized…
Continue Reading Christmas is going to be great for stores, if their names are Walmart or Target
By Nathaniel Meyersohn, CNN Business It’ll be a very merry Christmas for America’s biggest retailers. Retail sales in November and…
Continue Reading Merck envisions billions from COVID-19 treatment sales
By TOM MURPHY AP Health Writer Merck fell out of the race to develop COVID-19 vaccines earlier this year but could vault to head of the pack for…
Continue Reading Should Shell be broken up? An activist investor thinks so
By Julia Horowitz, CNN Business As world leaders prepare to gather in Glasgow for the COP26 climate summit, an activist investor is telling one of…
Continue Reading New dads are ‘losers’ if they take 6 months paternity leave, prominent venture capitalist says
By Jordan Valinsky, CNN Business A prominent venture capitalist is under fire for calling new dads “losers” if they take months of…
Continue Reading U of Michigan gets $40M gift to help 1st-generation students
By ANNA LIZ NICHOLS Associated Press/Report for America LANSING, Mich. (AP) — A program at the University of Michigan to combat struggles that…
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Supply chain disruptions making Halloween season even spookier for El Pasoans
EL PASO, Texas — Spooky season is upon us, but something may be even more spooky for parents, empty shelves. Many people are having a hard time…
Continue Reading China and Serbia praise ‘steel friendship’ amid growing ties
By DUSAN STOJANOVIC Associated Press BELGRADE, Serbia (AP) — Serbian officials have praised the “steel friendship” with China during talks with…
Continue Reading Resurgent demand drives Caterpillar sales in third quarter
By MICHELLE CHAPMAN AP Business Writer Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other…
Continue Reading Facebook exec pushes back on whistleblower claims
By BARBARA ORTUTAY AP Technology Writer Monika Bickert, Facebook’s head of global policy management, says the social media giant does not…
Continue Reading Plane diverted after passenger assaults flight attendant
NEW YORK (AP) — Authorities say an American Airlines flight from New York to California was diverted to Denver after a passenger assaulted a flight…
Continue Reading Europe gas prices drop on Putin’s order to fill EU storages
By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — European gas prices have dropped after Russian President Vladimir Putin instructed the…
Continue Reading Home heating prices are skyrocketing, and there’s nothing Biden can do about it
By Matt Egan, CNN Business Americans are already dealing with sticker shock at the grocery store and when filling up at the pump. Next up: Home…
Continue Reading High oil prices are unlikely to last, Chevron CFO tells CNN
CNN, CNNBUSINESS By Matt Egan, CNN Business Oil prices are unlikely to stay elevated for long, Chevron’s chief financial officer told CNN.…
Continue Reading Nokia 3Q profit beats expectations despite chip shortage
By JARI TANNER Associated Press HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia has reported third-quarter profit above analyst…
Continue Reading Energy costs give Spain highest price increase in 29 years
MADRID (AP) — Spain’s National Statistics Institute says consumer prices increased this month by the country’s highest rate in 29 years…
Continue Reading Sony raises forecast as sales hold up amid COVID damage
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Sony has reported its profit fell 54% in the last quarter, mainly due to a one-time tax-related…
Continue Reading European Central Bank keeps pandemic support going
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has decided to keep its pandemic stimulus efforts unchanged…
Continue Reading Facebook grilled by UK lawmakers making online safety rules
LONDON (AP) — British lawmakers have grilled Facebook and other tech giants over how they handle online safety. The questioning comes as European…
Continue Reading Volkswagen lowers sales outlook as chip shortage hits profit
FRANKFURT, Germany (AP) — Volkswagen has lowered its forecast for deliveries to customers and reported a decrease in operating profits for the…
Continue Reading Biden, Dems get low marks on spending talks: AP-NORC poll
By KEVIN FREKING and HANNAH FINGERHUT Associated Press WASHINGTON (AP) — President Joe Biden and Democrats are getting low marks from the public as…
Continue Reading France fines British boats as fishing dispute escalates
By DANICA KIRKA and THOMAS ADAMSON Associated Press LONDON (AP) — Britain says it will summon the French ambassador for a dressing-down, the latest…
Continue Reading Oil giants deny spreading disinformation on climate change
By MATTHEW DALY Associated Press WASHINGTON (AP) — Top executives of ExxonMobil and other oil giants have denied spreading disinformation about…
Continue Reading Indonesia warily weighs holiday travel with virus concerns
By DAVID RISING and EDNA TARIGAN Associated Press JAKARTA, Indonesia (AP) — Indonesians are looking ahead warily toward the holiday travel season,…
Continue Reading Asia shares slip despite signs of optimism on global economy
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are slipping, despite recent signs of optimism about the global economy, including…
Continue Reading Biden announces ‘historic’ deal — but still must win votes
By LISA MASCARO, AAMER MADHANI and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — President Joe Biden says he has reached a “historic”…
Continue Reading Wall Street Journal reporters object while opinion section prints Trump’s letter to the editor
By Brian Stelter, CNN Business The Wall Street Journal’s Opinion section published a lengthy letter to the editor from Donald Trump on…
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