Lots of sound and fury on US debt, but not a crisis — yet
By JOSH BOAK Associated Press WASHINGTON (AP) — For all the sound and fury about raising the nation’s debt limit, most economists say federal…
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Filipino workers: Oil company abandoned us in Hurricane Ida
By KEVIN McGILL Associated Press NEW ORLEANS (AP) — As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel…
Continue ReadingFord recalls nearly 383K SUVs to fix backup camera problem
DETROIT (AP) — Ford is recalling nearly 383,000 SUVs in the U.S. because the touch screens may not display a camera image when backing up. The…
Continue ReadingUS inflation and consumer spending cooled in December
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge eased further in December, and…
Continue ReadingNorway’s last Arctic miners struggle with coal mine’s end
By GIOVANNA DELL’ORTO Associated Press ADVENTDALEN, Norway (AP) — Kneeling by his crew as they drilled steel bolts into the low roof of a…
Continue ReadingAmEx profits fall 9% as customers fall behind on payments
By KEN SWEET AP Business Writer NEW YORK (AP) — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set…
Continue ReadingIn Your Debt: How couples can team up on debt repayment
By SARA RATHNER of NerdWallet Debts brought into a relationship can be ruinous for couples, but many decide to work as a team to conquer individual…
Continue ReadingUK Treasury chief: Tax cuts must wait for inflation to fall
By JILL LAWLESS Associated Press LONDON (AP) — Britain’s Treasury chief says taming inflation is more important than cutting taxes. Jeremy Hunt…
Continue ReadingGermany hopes to get ‘green hydrogen’ from Australia by 2030
BERLIN (AP) — A senior German official says she hopes her country will receive hydrogen made with renewable energy from Australia by 2030. The two…
Continue ReadingLow-cost fashion chain H&M reports 4th-quarter loss
STOCKHOLM (AP) — Low-cost fashion brand H&M says its net profit for the year ending November 2022 fell 68%, while it took a hit of 864 million…
Continue ReadingAdani mulls suing US short-seller as shares sink up to 20%
By ASHOK SHARMA and KRUTIKA PATHI Associated Press NEW DELHI (AP) — Shares in India’s Adani Group have plunged up to 20% and the company said it…
Continue ReadingWall Street adds more to its big January after strong week
By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — A strong week for Wall Street closed out with modest gains Friday, sending…
Continue Reading5 women, immense power: Can they keep US from fiscal brink?
By MARY CLARE JALONICK and SEUNG MIN KIM Associated Press WASHINGTON (AP) — They are now among the most powerful women in Congress. But when they…
Continue ReadingHouse GOP seeks new restrictions on use of US oil stockpile
By MATTHEW DALY Associated Press WASHINGTON (AP) — For the second time this month, House Republicans have advanced a measure to restrict…
Continue ReadingUS company gets $120 million boost to make ‘green steel’
By ED DAVEY The manufacture of “green steel” moved a step closer Friday as Massachusetts-based Boston Metal announced a $120 million investment…
Continue ReadingSouth Korea extends restrictions on travelers from China
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — South Korea says it will continue to restrict the entry of short-term travelers from…
Continue ReadingLawsuit: Vegas Strip resorts used vendor to fix hotel rates
By KEN RITTER Associated Press LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked…
Continue ReadingJury: $1M to Oregon woman told ‘I don’t serve Black people’
PORTLAND, Ore. (AP) — A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station…
Continue ReadingToymaker Hasbro laying off 1,000 to cut costs
PAWTUCKET, R.I. (AP) — Toymaker Hasbro is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by…
Continue ReadingFDA’s advisers back plan to simplify COVID-19 vaccinations
By LAURAN NEERGAARD AP Medical Writer The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite…
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