Fed's Powell: Elevated inflation will likely delay rate cuts this year
Exclusive subscriber content
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
By CHRISTOPHER RUGABER
|
4/16/24
|
Coal miners getting new protections from silica dust linked to black lung disease
Exclusive subscriber content
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
By MATTHEW DALY and LEAH WILLINGHAM
|
4/16/24
|
Hockey business is booming as the NHL bounces back from the pandemic in a big way
Exclusive subscriber content
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
By STEPHEN WHYNO
|
4/16/24
|
The Biden administration recruits 15 states to help enforce airline consumer laws
Exclusive subscriber content
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
By DAVID KOENIG
|
4/16/24
|
Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging
Exclusive subscriber content
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
By WYATTE GRANTHAM-PHILIPS
|
4/16/24
|
Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
Exclusive subscriber content
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
4/16/24
|
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
Exclusive subscriber content
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
By FATIMA HUSSEIN
|
4/16/24
|
A top Federal Reserve official opens door to keeping rates high for longer
Exclusive subscriber content
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
By CHRISTOPHER RUGABER
|
4/16/24
|
2023 was a record year for wind installations as world ramps up clean energy, report says
Exclusive subscriber content
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
By CARLOS MUREITHI
|
4/16/24
|
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
Exclusive subscriber content
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
By TOM MURPHY
|
4/16/24
|
IMF: Outlook for world economy is brighter, though still modest by historical standards
Exclusive subscriber content
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
By PAUL WISEMAN
|
4/16/24
|
US Olympic committee strikes sponsorship deal to help athletes get degrees after they retire
Exclusive subscriber content
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
By EDDIE PELLS
|
4/16/24
|
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
Exclusive subscriber content
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
By KEN SWEET
|
4/16/24
|
Apple CEO says that he wants to increase investments in Vietnam
Exclusive subscriber content
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
By ANIRUDDHA GHOSAL
|
4/16/24
|
Biden returns to his Scranton roots to pitch tax plan
Exclusive subscriber content
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
By CHRIS MEGERIAN
|
4/16/24
|
On a China visit, the German chancellor says Russia's invasion of Ukraine threatens global security
Exclusive subscriber content
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
4/16/24
|
Nissan says it will make next-generation EV batteries by early 2029
Exclusive subscriber content
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
By YURI KAGEYAMA
|
4/16/24
|
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
Exclusive subscriber content
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
By HANNAH FINGERHUT and DAVID A. LIEB
|
4/16/24
|
Characters enter the public domain. Winnie the Pooh becomes a killer. Where is remix culture going?
Exclusive subscriber content
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
By ANDREW DALTON
|
4/16/24
|
China's economy grew 5.3% in first quarter, beating expectations
Exclusive subscriber content
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
4/15/24
|