Pacific rim economies in doldrums, sapped by inflation, war
BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the…
AP
EXPLAINER: How do we know when a recession has begun?
WASHINGTON (AP) — The government on Thursday updated its estimate of the U.S. economy’s performance in the April-June quarter and…
India raises interest rate to 5.4%, in 3rd hike since May
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.4%…
Wall Street falls as jobs data suggests Fed hikes not over
NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the…
Alibaba revenue beats expectations despite contraction
HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter…
Beyond Meat announces layoffs after lower Q2 sales
Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that…
Long-term mortgage rates under 5% for 1st time in 4 months
WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days…
Tesla investors approve stock split; Musk to add factories
DETROIT (AP) — Tesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company’s shares…
DoorDash sees record orders in Q2 as it combines with Wolt
DoorDash on Thursday said it received a record number of customer orders in the second quarter, boosted by resilient demand…
Florida death could be 20th in US caused by Takata air bags
DETROIT (AP) — A Florida man who was killed in a traffic crash last month could be the 20th death…