EU leaders seek to stand up to US and avoid trade war
By RAF CASERT Associated Press BRUSSELS (AP) — European Union leaders have met to seek ways to stand up to the United States over its new green…
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Tesla closes up despite Musk selling $3.58B of its shares
AUSTIN, Texas (AP) — Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric…
Continue ReadingFewer Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, a sign that the labor…
Continue ReadingRetail sales drop at start of key holiday shopping season
By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO AP Economics Writer WASHINGTON (AP) — Americans cut back their retail spending last month as the…
Continue ReadingWall Street may get much worse in 2023 before getting better
By STAN CHOE AP Business Writer NEW YORK (AP) — The worst may still be to come for the stock market. Wall Street has been on a mini-rebound since…
Continue ReadingUK nurses join wave of strike action to demand better pay
LONDON (AP) — Thousands of nurses have walked off their jobs in England, joining ambulance and postal workers, bus drivers and airport baggage…
Continue ReadingFoxconn to ease COVID-19 curbs in Chinese iPhone factory
By ZEN SOO AP Technology Writer HONG KONG (AP) — The company that assembles Apple Inc.’s iPhones has announced it is easing COVID-19 restrictions…
Continue ReadingNorway central bank raises key rate to fight inflation
COPENHAGEN, Denmark (AP) — Norway’s central bank has raised its key interest rate by a quarter-percentage point, saying the move was “still…
Continue ReadingBank of England hikes interest rates again but softens pace
By KELVIN CHAN AP Business Writer LONDON (AP) — Britain’s central bank has raised its key interest rate increase again but toned down the pace as…
Continue ReadingSwiss National Bank hikes key interest rate in line with Fed
GENEVA (AP) — The Swiss National Bank has raised its key interest rate. It comes as other central banks in Europe are following the U.S. Federal…
Continue ReadingEuropean Central Bank slows rate hikes but vows more ahead
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has slowed its record pace of interest rate increases. But…
Continue ReadingMusk’s Twitter tweaks foreshadow EU showdown over new rules
By KELVIN CHAN Associated Press LONDON (AP) — Self-proclaimed free speech warrior Elon Musk’s more unfettered version of Twitter could collide…
Continue ReadingJapan trade deficit soars on weak yen, high oil prices
TOKYO (AP) — Japan has reported its trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen…
Continue ReadingA week into China’s easing, uncertainty over virus direction
By DAKE KANG Associated Press BEIJING (AP) — A week after China dramatically eased some of the world’s strictest COVID-19 containment…
Continue ReadingAsian shares decline after retreats on Wall Street, Europe
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares followed Wall Street and Europe lower on Friday, with markets jittery over the…
Continue ReadingGroup casts doubt on Amazon’s claims of reducing plastic
By HALELUYA HADERO AP Business Writer NEW YORK (AP) — A report by environmental group Oceana has found that plastic waste from Amazon packages went…
Continue ReadingHow the Fed’s rate hikes could affect your finances
By CORA LEWIS Associated Press NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a…
Continue ReadingElon Musk sells $3.58B worth of Tesla stock, purpose unknown
DETROIT (AP) — Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent. The…
Continue ReadingUnion Pacific railroad shipping limits generate complaints
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit…
Continue ReadingReport: TikTok boosts posts about eating disorders, suicide
By DAVID KLEPPER Associated Press New research finds that TikTok’s powerful algorithms are promoting videos about self-harm and eating…
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