China backs away from growth goal, sticks to virus controls
BEIJING (AP) — China’s leaders effectively acknowledged the struggling economy won’t hit its official 5.5% growth target this year and…
AP
UAW rescinds strike pay increase at annual convention
Members of the United Auto Workers union on Thursday rescinded an increase in strike pay that had been approved earlier…
Amazon posts 2Q loss but revenue tops estimates, stock jumps
NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending…
Facebook ends funding for US news partnerships program
Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook’s News Tab…
Southwest posts record revenue but warns of rising costs
DALLAS (AP) — Southwest Airlines’ second-quarter profit doubled to $760 million on record revenue, but it warned that rising costs…
Gov’t: US Bank workers opened fake accounts for sales goals
NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their…
Energy on the table, Macron hosts Saudi prince for dinner
PARIS (AP) — French President Emmanuel Macron is welcoming Saudi Crown Prince Mohammed bin Salman to his presidential palace Thursday…
Pfizer’s Comirnaty, Paxlovid push Q2 sales to new heights
Sales of Pfizer’s COVID-19 vaccine and treatment in the second quarter propelled the pharmaceutical giant to the largest quarterly sales…
Fewer Americans applied for jobless benefits last week
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly,…
Watchdog head: Fines may not stop bad behavior by companies
NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about how useful fines are…