NEW YORK (AP) — In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay…
WASHINGTON (AP) — The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. The Fed announced Thursday…
WASHINGTON (AP) — Influential government advisers are deciding Thursday how best to expand the nation's COVID-19 booster campaign, including whether and when it's OK to “mix and match” brands for the extra dose. The advisers to the Centers for…
NEW YORK (AP) – Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines. The National Association of Realtors said Thursday…
NEW YORK (press release) – What do you get when you cross Black Friday deals with a continuing pandemic, supply chain disruptions and inflation? Answer: a very messy version of the biggest discount day of the year, which happens…
SILVER SPRING, Md. (AP) — U.S. home construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks. The Commerce Department reported Tuesday that the decline in September left home construction at a seasonally…
WASHINGTON (AP) — U.S. consumer spending accelerated in August amide a surge in COVID-19 cases, even as soaring demand and snarled supply chains kept inflation high. Consumer spending rose 0.8% in August, up from a decline of 0.1% in July.…
NEW YORK (AP) — Despite a rise in COVID-19 cases, Americans kept shopping last month. Retail sales rose a seasonally adjusted 0.7% in August from the month before, the U.S. Commerce Department said Thursday. That uptick caught economists by surprise.…
BOSTON (AP) — Apple released a critical software patch to fix a security vulnerability that researchers said could allow hackers to directly infect iPhones and other Apple devices without any user action. Researchers at the University of Toronto's Citizen Lab…
NEW ORLEANS (AP) — Hundreds of thousands of Louisianans sweltered in the aftermath of Hurricane Ida on Tuesday with no electricity, no tap water, precious little gasoline and no clear idea of when things might improve. Long lines that…
WASHINGTON, DC (AP) - Oil companies began gradually restarting some of their refineries in Louisiana, and key fuel pipelines fully reopened Tuesday, providing hopeful signs that the region’s crucial energy industry can soon recover from Hurricane Ida's onslaught. Exxon…
BASKING RIDGE, N.J. - In light of the devastation left in the wake of Hurricane Ida, the Verizon Foundation is making a $100,000 donation to the Foundation for Louisiana. Verizon’s donation will support the Hurricane Ida Relief Fund for Evacuation…
NEW YORK (AP) — Best Buy raised its sales outlook for the year after breezing past Wall Street expectations in the second quarter. The nation’s largest consumer electronics chain joined the slew of other major retailers like Walmart, Target and…
NEW YORK (AP) — The pandemic accelerated changes in how people use their televisions, further reducing the dominance in traditional live viewing of what networks are showing, a new study has found. Nearly two-thirds of people said in June that…
NEW YORK (AP) - Home Depot's sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly. For the three months ended August 1, sales climbed…
NEW YORK (AP) - Sanderson Farms, one of nation's third largest poultry producer, is being acquired for $4.53 billion as the price of chicken soars. Cargill and privately held Continental Grain formed a joint venture to acquire Sanderson and will…
WASHINGTON (AP) — Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face supply-chain challenges and problems in finding enough available workers. The Institute for Supply Management…
DALLAS (AP) — Air travel in the U.S. is hitting new pandemic-era highs, and airlines are scrambling to keep up with the summer-vacation crowds. Despite rising numbers of coronavirus infections fueled by the delta variant, the U.S. set another recent high…
NEW YORK (AP) — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a revenue surge at American Express during the second quarter. That momentum picked up as the…
NEW YORK (AP) — The world's richest man wanted to say thanks to the people who made his brief trip into space Tuesday possible. But for some, Amazon founder Jeff Bezos' expression of gratitude went over like a lead rocket.…
WASHINGTON (AP) — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday that the June increase in its producer price index, which…
WASHINGTON, D.C. - President Joe Biden plans to sign an executive order that will reduce the ability of employers to prevent workers from going to rival firms and remove some of the state occupational licensing requirements that make it harder…
WASHINGTON (AP) — U.S. employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy generates intense demand for workers. The number of available jobs on the last day of May rose slightly…
NEW YORK (AP) — Everyone would like to get paid more, but the worry on Wall Street is there could be too much of a good thing. Wages are going up for workers across many industries as the economy roars…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving. The Labor Department said Thursday that jobless claims declined just 7,000 from the previous week to 411,000.…
WASHINGTON (AP) — President Joe Biden was proposing a $6 trillion budget for next year on Friday that fails to slow spiking government debt, instead seeking tax hikes on corporations and the wealthy to pay for ambitious infrastructure and…
WASHINGTON (AP) — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession. Mortgage buyer Freddie Mac reported Thursday that the average…
WASHINGTON (AP) — Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%, thanks to a major expansion of the federal safety net that has provided aid to millions of…
WASHINGTON (AP) — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production. The Commerce Department reported Thursday that orders for factory goods…
WASHINGTON (AP) — Senate Republicans revived negotiations over President Joe Biden’s sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with COVID-19 relief money as a counteroffer to the White House ahead of a Memorial…
