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Fed's Powell: Elevated inflation will likely delay rate cuts this year
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Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer … more
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FILE - Julie Su speaks during a Senate Health, Education, Labor and Pensions confirmation hearing for her to be the Labor Secretary, on Capitol Hill, April 20, 2023, in Washington. The Labor Department moved Tuesday to better protect miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory disease commonly known as “black lung.” (AP Photo/Alex Brandon, File)
Coal miners getting new protections from silica dust linked to black lung disease
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The Labor Department issued a new rule Tuesday intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory … more
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FILE - The New York Rangers and fans celebrate a shootout victory over the New York Islanders in an NHL hockey game April 13, 2024, in New York. As the NHL playoffs begins this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic. (AP Photo/John Munson, File)
Hockey business is booming as the NHL bounces back from the pandemic in a big way
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As the NHL playoffs begin this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic. Backstopped by new U.S. … more
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FILE - A airline agents helps a travelers in the departures area of Terminal B at LaGuardia Airport, Tuesday, June 27, 2023, in New York. The U.S. The U.S. Department of Transportation said Tuesday, April 16, 2024, that it will give the states power to investigate complaints about airlines and ticket sellers, and then refer cases to the federal government for enforcement. (AP Photo/Mary Altaffer, File)
The Biden administration recruits 15 states to help enforce airline consumer laws
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The Biden administration is enlisting officials in 15 states to help enforce consumer-protection laws covering air travel. The U.S. Department of Transportation said Tuesday that it will give the … more
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FILE - A Dr Martens boot inspired by Elton John's famous Pinball Wizard outfit is shown at a promotional event in London, March 20, 2023. Dr. Martens shares plunged more than 30% Tuesday, April 16, 2024 after the trendy British brand forecast that wholesale revenue in the U.S., its largest market, would decline by double-digits compared to that seen a year ago. (AP Photo/Kin Cheung, File)
Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging
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Chunky bootmaker Dr. Martens is warning of a tough year ahead. Dr. Martens shares plunged more than 30% Tuesday after the trendy British brand forecast that wholesale revenue in the U.S., its largest … more
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FILE - The Microsoft logo is pictured outside the headquarters in Paris, on Jan. 8, 2021. Microsoft will stop packaging its Teams videoconferencing app with its Office software after the practice attracted antitrust scrutiny. The tech giant said Monday, April 1, 2024, that customers buying Office subscriptions starting this week won't get Teams bundled with the service. Microsoft will start selling the two products separately around the world, following a move last year to separate the products in Europe. (AP Photo/Thibault Camus, File)
Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
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Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding … more
U.S. Treasury Secretary Janet Yellen attends a press conference in Beijing, China, Monday, April 8, 2024. Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Americans and Chinese have been united in their interest in what Janet Yellen will eat next. (AP Photo/Tatan Syuflana)
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
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Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East. She's also pledging that the U.S. and its allies won’t hesitate to … more
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FILE - Philip Jefferson, then-nominee to be a member of the Federal Reserve Board of Governors, listens during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Feb. 3, 2022, in Washington. Jefferson, now Federal Reserve Vice Chair, suggested Tuesday, April 16, 2024, that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. (Ken Cedeno/Pool via AP, File)
A top Federal Reserve official opens door to keeping rates high for longer
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Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. Jefferson said he … more
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FILE - Wind turbines operate at an energy plant near Stetten, north of Kaiserslautern, Germany, as the sun rises on, March 19, 2024. According to a new report published Tuesday, April 16, 2024, last year, marked the best year for new wind projects. (AP Photo/Michael Probst, File)
2023 was a record year for wind installations as world ramps up clean energy, report says
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The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the … more
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FILE - Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New York. UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday, April 16, that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end of last year surprised Wall Street. (AP Photo/Patrick Sison, File)
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
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UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday that care … more
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FILE - People pose for a photograph next to an International Monetary Fund banner, during the World Bank/IMF spring meetings at IMF headquarters in Washington, April 11, 2023. The International Monetary Fund has upgraded its outlook for the global economy in 2024, saying the world appears headed for a "soft landing" — reining in inflation without much economic pain and producing steady if modest growth. (AP Photo/Jose Luis Magana, File)
IMF: Outlook for world economy is brighter, though still modest by historical standards
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The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and … more
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Workers build constructions on the Champ-de-Mars, near the Eiffel Tower, ahead of the Paris 2024 Olympic Games, Wednesday, April 10, 2024 in Paris. (AP Photo/Laurent Cipriani, File)
US Olympic committee strikes sponsorship deal to help athletes get degrees after they retire
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American Olympic athletes have a new place to turn to lock down college degrees and other skills for life after sports thanks to a partnership U.S. Olympic leaders unveiled with the Denver-based … more
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FILE - This Tuesday, Jan. 14, 2014, file photo shows a Bank of America sign in Philadelphia. Bank of America said, Tuesday, April 16, 2024, its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. (AP Photo/Matt Rourke, File)
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
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Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. But the results beat analysts’ estimates. Bank of America … more
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Apple CEO Tim Cook, left, shakes hands with Vietnamese Prime Minister Pham Minh Chinh in Hanoi, Vietnam on Tuesday, April 16, 2024. The tech giant CEO is on a visit to Vietnam to promote cooperation and boost investment in the Southeast Asian nation. (Duong Van Giang/VNA via AP)
Apple CEO says that he wants to increase investments in Vietnam
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Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Cook … more
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FILE - Joe Biden, former Vice President, makes a visit to his childhood home in Scranton Pa., Oct. 23, 2019. President Joe Biden will return to his childhood hometown of Scranton on Tuesday, April 16, 2024, to kick off three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to crisscross the battleground state while Donald Trump spends the week in a New York City courtroom for his first criminal trial. (Jason Farmer/The Times-Tribune via AP, File)
Biden returns to his Scranton roots to pitch tax plan
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President Joe Biden will begin three straight days of campaigning in Pennsylvania in his childhood hometown of Scranton. He plans to use the working class city of roughly 75,000 on Tuesday as the … more
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In this photo released by Xinhua News Agency, German Chancellor Olaf Scholz, right, visits German company Covestro's Asia-Pacific Innovation Center in Shanghai, Monday, April 15, 2024. German Chancellor Olaf Scholz has called for fair competition in trade relations with China while warning about dumping and overproduction while speaking to students in Shanghai on Monday. (Fang Zhe/Xinhua via AP)
On a China visit, the German chancellor says Russia's invasion of Ukraine threatens global security
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German Chancellor Olaf Scholz has told Chinese leader Xi Jinping who hosted him in Beijing that Russia’s full-scale invasion of Ukraine threatens global security, in an apparent call for China to … more
A facility that is set to be a plant for electric vehicles powered by all-solid-state batteries is seen during a media tour in Yokohama, Japan, Tuesday, April 16, 2024. Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by 2028, the company said Tuesday during a media tour of an unfinished pilot plant. (AP Photo/Yuri Kageyama)
Nissan says it will make next-generation EV batteries by early 2029
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Nissan says it expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029. Japan’s legacy automakers have fallen behind newer rivals like America’s … more
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FILE - A soybean field is sprayed in Iowa, July 11, 2013. The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks. (AP Photo/Charlie Neibergall, File)
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
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The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks. Bayer disputes such claims but already has paid about … more
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FILE - An actor dressed as Mickey Mouse greets visitors at the entrance to Magic Kingdom Park at Walt Disney World Resort, April 18, 2022, in Lake Buena Vista, Fla. Winnie the Pooh and Mickey Mouse have recently entered the public domain, making it possible for artists to use them freely. (AP Photo/Ted Shaffrey, File)
Characters enter the public domain. Winnie the Pooh becomes a killer. Where is remix culture going?
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Winnie the Pooh and Mickey Mouse have recently entered the public domain, making it possible for artists to use them freely. In the years to come they'll be followed by a parade of pop culture … more
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Workers wait for transport outside a construction site in Beijing, Tuesday, April 9, 2024. China's Finance Ministry has denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying in a statement that China's deficit is at a moderate and reasonable level and risks are under control. (AP Photo/Ng Han Guan)
China's economy grew 5.3% in first quarter, beating expectations
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China’s economy beat expectations in the first quarter of the year with help from policies and an increase in demand. The world’s second-largest economy expanded at a 5.3% annual pace in … more
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