Energy stocks get oil price support as recession looms
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Surging oil prices charged energy stocks through 2022 and could keep supporting the sector…
Continue ReadingAP National Business
TotalEnergies income hits $6.6 billion despite Russia loss
By BARBARA SURK and OLEG CETINIC Associated Press PARIS (AP) — France’s TotalEnergies has reported third-quarter net income of $6.6 billion…
Continue ReadingSouthwest posts record 3Q revenue as summer travel returns
By MICHELLE CHAPMAN and DAVID KOENIG Southwest saw record operating revenue in its third quarter, bolstered by strong summer travel demand prompted…
Continue ReadingMcDonald’s Q3 sales boosted by higher prices, promotions
By DEE-ANN DURBIN AP Business Writer Higher prices and general unease about the economy didn’t keep customers away from McDonald’s in the third…
Continue ReadingHard-drive maker Seagate Tech faces China sanctions warning
BEIJING (AP) — Seagate Technology says the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating…
Continue ReadingInflation, gas prices looming over sports biz, concessions
By JAY COHEN AP Sports Writer CHICAGO (AP) — Persistently high inflation and gas prices are looming over sports and the monetary pipeline that…
Continue ReadingAsian shares mostly lower as Japan preps massive stimulus
By ELAINE KURTENBACH AP Business Writer Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses…
Continue ReadingChina’s Huawei says revenue down 2.2% so far this year
BEIJING (AP) — Figures reported by Chinese tech giant Huawei indicate its revenue rose in the latest quarter as infrastructure sales helped to…
Continue ReadingBiden zeroes in on economic message as campaign winds down
By SEUNG MIN KIM Associated Press SYRACUSE, N.Y. (AP) — President Joe Biden is focusing on economic issues as he fine-tunes his closing argument in…
Continue ReadingRural areas to get $759M in grants for high-speed internet
By JOSH BOAK Associated Press RALEIGH, N.C. (AP) — The Agriculture Department has announced $759 million in grants and loans to enable rural…
Continue ReadingReport: Global crises can speed up move to clean energy
By SIBI ARASU Associated Press BENGALURU, India (AP) — Spiraling energy costs caused by various economic factors and the Ukraine war could be a…
Continue ReadingShell 3Q earnings double, stir debate on energy profit tax
By DANICA KIRKA Associated Press LONDON (AP) — Shell’s earnings have more than doubled in the third quarter. That has fueled the debate over…
Continue ReadingEurope sees fastest pace of rate hikes since euro launched
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has made another outsized interest rate hike aimed at…
Continue ReadingBattle of the Alps? Water woes loom amid climate change
By JAMEY KEATEN Associated Press BRIG, Switzerland (AP) — A battle is brewing around Europe’s rooftop over the planet’s most precious…
Continue ReadingEurope’s energy crisis raises firewood prices, theft fears
By VANESSA GERA, DAVID McHUGH and AUREL OBREJA Associated Press CHISINAU, Moldova (AP) — Tudor Popescu swings his ax down on a log, then feeds the…
Continue ReadingCredit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B
By JAMEY KEATEN Associated Press GENEVA (AP) — Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles…
Continue ReadingNo one hit Powerball jackpot, new drawing an estimated $800M
DES MOINES, Iowa (AP) — No one won an estimated $700 million Powerball jackpot, meaning the big prize will grow to an estimated $800 million for…
Continue ReadingEXPLAINER: What’s up with the Bank of Japan’s unique track?
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to…
Continue ReadingSamsung officially names third-generation heir Lee chairman
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as…
Continue ReadingUS economy returned to growth last quarter, expanding 2.6%
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two…
Continue Reading