US not yet in recession and 4 other takeaways from the Fed
WASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way…
AP
Ford 2Q profit up 19%, sees stronger year despite inflation
DETROIT (AP) — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough…
Airbus reports lower Q2 profit, trims 2020 production target
Airbus said its net income plunged in the second quarter and warned that supply-chain challenges were leading it to scale…
FTC acts to block Meta from buying VR company, fitness app
WASHINGTON (AP) — Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from…
Whistleblowers hit Southwest, FAA for lax safety practices
DALLAS (AP) — Federal officials say that Southwest Airlines and the union representing its pilots have resisted cooperating with investigations…
How the Federal Reserve’s rate hikes affect your finances
WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so…
USAID chief calls on China to restructure Sri Lanka’s debt
NEW DELHI (AP) — The head of the U.S. government aid agency called on China on Wednesday to help Sri…
DOJ: Buffett company discriminated against Black homebuyers
NEW YORK (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s company discriminated against potential Black and…
New rule to thwart railroad efforts to cut train crews to 1
OMAHA, Neb. (AP) — Railroads will be required to maintain two-person crews under a new rule announced Wednesday that will…
Spirit Airlines shareholders face much-delayed merger vote
Spirit Airlines shareholders could pick a preferred buyer for their airline Wednesday, as they voted on one of the offers…