Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
Federal Reserve Chair Jerome Powell says inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market
2023-10-20 00:18
The government secures a $9 million settlement with Ameris Bank over alleged redlining in Florida
The Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans
2023-10-20 00:18
US weekly jobless claims hit nine-month low
By Lucia Mutikani WASHINGTON The number of Americans filing new claims for unemployment benefits fell to a nine-month
2023-10-19 23:56
Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high
Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations
2023-10-19 23:47
Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market
2023-10-19 23:28
Hollywood's actors strike is nearing its 100th day. Why hasn't a deal been reached and what's next?
Film and TV actors are still on strike in what has become the longest walk-off in their history
2023-10-19 21:47
Applications for US jobless benefits fall to lowest level in more than 8 months
Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market
2023-10-19 20:52
EU demands Meta and TikTok detail efforts to curb disinformation from Israel-Hamas war
The European Union has ratcheted up its scrutiny of Big Tech companies with demands for Meta and TikTok to detail their efforts to curb illegal content and disinformation during the Israel-Hamas war
2023-10-19 20:48
Bottle of 'most-sought after Scotch whisky' to come under hammer at Sotheby's in London next month
A bottle of what is being called “the most-sought after Scotch whisky” is set to be auctioned next month at Sotheby's in London
2023-10-19 20:18
American Airlines posts $545 million loss on higher labor costs while rivals post big profits
American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs
2023-10-19 19:46
IAEA team gathers marine samples near Fukushima as treated radioactive water is released into sea
An International Atomic Energy Agency team is in Fukushima for the agency's first marine sampling since treated radioactive wastewater started being released from the area's damaged nuclear plant into the sea
2023-10-19 17:59
Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market
Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit
2023-10-19 17:20