US economy accelerated unexpectedly to a 2.4% growth rate in April-June quarter despite Fed hikes
The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation
2023-07-27 21:59
Soaring labor costs at Southwest Airlines overshadow record revenue as summer travel revs up
Southwest Airlines is reporting a $683 million profit for the second quarter, and revenue is a quarterly record as planes are packed during the peak summer travel season
2023-07-27 21:56
Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continues
The costs associated with Norfolk Southern's fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits
2023-07-27 21:56
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising
Stocks are rallying on Wall Street following fatter-than-expected profit reports from big companies and the latest signals that the economy continues to defy predictions for a recession
2023-07-27 21:52
US economy beats expectations with spring surge
The world's largest economy expanded at an annual rate of 2.4% in the three months to June.
2023-07-27 21:50
July 2023 set to be world's hottest month on record -scientists
By Gloria Dickie As thousands of tourists fled wildfires this week on the Greek island of Rhodes, and
2023-07-27 21:49
Lilly's obesity drug leads to about 26% weight loss in new studies
By Bhanvi Satija and Leroy Leo (Reuters) -Eli Lilly said on Thursday its experimental obesity drug helped patients reduce 26.6%
2023-07-27 21:45
Largest US Grid Declares Emergency Alert For July 27
PJM Interconnection LLC has declared a level one emergency for the 13-state eastern US grid and called on
2023-07-27 21:18
Rescuers in Indonesia try to reach 8 workers trapped in an illegal mining hole
Indonesian rescuers are trying to save eight miners who have been trapped at an illegal mining area in Indonesia’s main island of Java, The joint search and rescue team is racing against time Thursday as they suck water out from the hole using six water pump machines
2023-07-27 20:53
Weekly US applications for jobless benefits slide to lowest level in 5 months
The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve’s attempts to cool it off
2023-07-27 20:49
Fire on ship carrying 3,000 cars burns out of control and kills crew member
A fire on board a freight ship carrying nearly 3,000 cars was burning out of control in the North Sea on Wednesday 26 July, the Dutch coast guard said. One crew member died with several others injured, and officials are working to save the vessel from sinking close to an important habitat for migratory birds off the coast of Holland. Boats and helicopters were used to get the 23 crew members off the ship after they tried unsuccessfully to put out the blaze, the coast guard said in a statement.
2023-07-27 19:52
Microsoft Teams Faces EU Antitrust Probe in Salesforce Clash
Microsoft Corp. faces a European Union probe over concerns it’s driving out competition by unfairly bundling its Teams
2023-07-27 19:29