Average long-term US mortgage rates highest in 12 years
WASHINGTON (AP) — Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more…
April 2022
Musk says he has $46.5B in financing ready to buy Twitter
Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board…
Surging Used Car Demand, Higher Prices Lift AutoNation Profits
By Joseph White (Reuters) -AutoNation Inc and other brick-and-mortar auto dealerships in the United States turned shortages of new and…
Musk Secures $46.5 Billion Financing Commitment For Twitter, Explores Tender Offer
(Reuters) -Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender…
Yellen weighs costs of war on Russia’s frozen assets
WASHINGTON (AP) — The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding…
Fewest Americans collecting jobless aid since 1970
WASHINGTON (AP) — Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell…
Union Pacific rate hikes push railroad’s Q1 profit up 22%
OMAHA, Neb. (AP) — Union Pacific hauled in 22% more profit during the first quarter because it charged more and…
Big Companies Manage To Pass On Soaring Costs To Cash-strapped Consumers
By John Revill ZURICH (Reuters) -Makers of chocolate bars and coffee to lawn mowers and industrial robots were succeeding in…
AutoNation Results Beat Estimates On Surging Demand For Used Cars
(Reuters) -No. 1 U.S. auto retailer AutoNation Inc reported first-quarter results that topped Wall Street estimates on Thursday, boosted by…
American Airlines loses $1.6 billion but sees better outlook
DALLAS (AP) — American Airlines lost $1.64 billion in the first quarter, a wider loss than a year ago, but…