Venezuela introduces new currency with 6 fewer zeros
By REGINA GARCIA CANO and JORGE RUEDA Associated Press CARACAS, Venezuela (AP) — A new currency with six fewer zeros is debuting in Venezuela,…
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Shortages, shipping, shutdowns hit Asian factory output
By ELAINE KURTENBACH AP Business Writer Shortages of power, computer chips and other parts, soaring shipping costs and shutdowns of factories to…
Continue Reading Japan ‘tankan’ survey shows manufacturers upbeat on outlook
A quarterly survey by the Bank of Japan shows sentiment among manufacturers at its highest level in nearly three years. The results of the central…
Continue Reading US average mortgage rates jump; 30-year at 3.01%
WASHINGTON (AP) — Average long-term mortgage rates jumped this week as the benchmark 30-year loan edged over 3%. Mortgage buyer Freddie Mac…
Continue Reading Taiwan’s Foxconn has deal to buy former GM plant in Ohio
By JOHN SEEWER Associated Press Foxconn Technology Group has struck a deal to buy a massive auto assembly plant in Ohio from a startup electric truck…
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Biden infrastructure bill could bring tax changes that would affect El Pasoans
EL PASO, Texas – Lawmakers in Washington are still wrangling over President Biden’s $3.5 trillion proposed social spending bill. If the plan is…
Continue Reading Marc Lasry, chairman of embattled media org Ozy, resigns
By TALI ARBEL AP Technology Writer The hedge-fund billionaire and Milwaukee Bucks co-owner who was named chairman of embattled media organization Ozy…
Continue Reading Scammers got nearly 30% of Arizona virus unemployment pay
By BOB CHRISTIE Associated Press PHOENIX (AP) — Scammers pocketed nearly 30% of the $16 billion in unemployment insurance payments sent out by…
Continue Reading Neiman Marcus alerts millions of online customers about security breach
By Rob McLean, CNN Business Neiman Marcus Group is alerting millions of customers that their online accounts may have been breached. The company said…
Continue Reading Feds schedule Gulf offshore oil lease sale for November
NEW ORLEANS (AP) — The Biden administration has scheduled an offshore oil and gas lease sale for the Gulf of Mexico on Nov. 17, obeying a court…
Continue Reading Dre, Snoop, Eminem, Blige, Lamar to perform at Super Bowl
By JONATHAN LANDRUM Jr. AP Entertainment Writer LOS ANGELES (AP) — Dr. Dre, Snoop Dogg, Eminem, Mary J. Blige and Kendrick Lamar will perform for…
Continue Reading Senate confirms Biden pick to lead consumer watchdog agency
By KEN SWEET AP Business Writer WASHINGTON (AP) — The Senate has narrowly approved President Joe Biden’s pick to run the Consumer Financial…
Continue Reading Kentucky seeks action against WVa gov’s coal companies
LEXINGTON, Ky. (AP) — Regulators want the family of West Virginia Gov. Jim Justice to pay a penalty and follow through on a promise to fix…
Continue Reading Ban on ‘surprise’ medical bills on track for Jan. 1 rollout
By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — The Biden administration is putting final touches on long-sought consumer protections…
Continue Reading Senators push Facebook exec on Instagram policies for youth
By MARCY GORDON and BARBARA ORTUTAY AP Business Writers WASHINGTON (AP) — Senators have fired a barrage of criticism at a Facebook executive over…
Continue Reading How major US stock indexes fared Thursday
The Associated Press Stocks fell broadly on Thursday and closed out September with their worst monthly loss since the beginning of the pandemic. The…
Continue Reading Perrigo, Virgin Galactic rise; CarMax, Devon Energy fall
Stocks that traded heavily or had substantial price changes Thursday: Perrigo, Virgin Galactic rise; CarMax, Devon Energy…
Continue Reading Dow closes down 500+ points; stocks see worst month of the year
NEW YORK, NY — Stocks closed out September with their worst monthly loss since the beginning of the pandemic, and also ended its final trading day…
Continue Reading JBS Foods cited after worker dies in Colorado chemical vat
GREELEY, Colo. (AP) — Officials say meatpacker JBS Foods Inc. faces about $59,000 in fines following the death of a worker who fell into a vat of…
Continue Reading US stem cell clinics boomed while FDA paused crackdown
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The number of U.S. clinics pushing unproven stem cell procedures has ballooned in recent…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Closing prices for crude oil, gold and other commodities, and foreign exchange…
Continue Reading Crews aim to recover plane that ditched in ocean off Hawaii
WASHINGTON (AP) — Crews will use a barge outfitted with a crane to try to recover a cargo plane that ditched into the ocean off Honolulu. The…
Continue Reading Gunmaker Smith & Wesson moving headquarters to Tennessee
By JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — Gun manufacturer Smith & Wesson plans to relocate its headquarters from…
Continue Reading Will cryptocurrency replace the dollar? Scott Galloway explains
Scott Galloway explains why more traditional financial institutions are embracing cryptocurrency and what that means for fiat currency. Check out…
Continue Reading Mike Novogratz: Crypto regulators should ‘allow space for innovation’
At a CNN Business “Foreseeable Future” event hosted by Julia Chatterley, Galaxy Digital CEO Mike Novogratz explains his concerns about regulation of…
Continue Reading Prisons, border wall: How GOP is looking to use COVID money
By SARA BURNETT Associated Press CHICAGO (AP) — Republicans are using money from the $1.9 trillion coronavirus relief package for projects on…
Continue Reading Union jobs? Ford’s plan for new EV factories raises question
By TOM KRISHER, JONATHAN MATTISE and BRUCE SCHREINER Associated Press NASHVILLE, Tenn. (AP) — Ford’s blockbuster announcement this week that it…
Continue Reading Soaring home prices juice average US homeowner equity growth
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Soaring home prices are driving the fastest pace of growth in homeowner equity in more than a…
Continue Reading Women, minorities manage 17% of major foundations’ assets
By ALEX DANIELS of The Chronicle of Philanthropy Chronicle of Philanthropy Less than 20% of the assets held by major foundations is invested by…
Continue Reading Biden signs bill to avert partial government shutdown
By KEVIN FREKING Associated Press WASHINGTON (AP) — With only hours to spare, President Joe Biden has signed legislation to avoid a partial federal…
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