NEW YORK (AP) — Donations from Fidelity Charitable climbed 11% to a record $4.8 billion for the first half of 2022, the nation’s largest grantmaker announced Wednesday. The growth in payouts from Fidelity’s donor-advised funds — which let donors enjoy tax deductions and investment gains on their donations before they give the money away —…
FRANKFURT, Germany (AP) — Italian Prime Minister Mario Draghi’s offer to resign has sent unsettling ripples through financial markets, bringing back bad memories of Europe’s debt crisis a decade ago and complicating the European Central Bank’s job as it raises interest rates for the first time in 11 years to combat record inflation. Draghi, a…
NEW YORK (AP) — When long-haul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries. And if…
LONDON (AP) — Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis. Consumer prices rose 9.4% this year through June, up from 9.1% the previous month, the Office for National Statistics said Wednesday. The new figure is the…
A choppy day on Wall Street ended with more gains for stocks Wednesday, as investors welcomed another batch of encouraging profit reports from U.S. companies. The S&P 500 rose 0.6%, tacking more onto its big gains from a day earlier, when the benchmark index soared 2.8%, its best day in weeks. The Dow Jones Industrial…
DETROIT (AP) — A monitor appointed by a federal judge in the wake of a United Auto Workers bribery and embezzlement scandal contends that the union has been uncooperative by withholding information on additional misconduct allegations. The monitor, Neil Barofsky, made the assertion in his third report to Judge David Lawson in Detroit. Barofsky accused…
SACRAMENTO, California (AP) — After putting off routine health care for much of the pandemic, Americans are now returning to doctors’ offices in big numbers — a trend that’s starting to show up in higher insurance rates across the country. Health insurers in individual marketplaces across 13 states and Washington D.C. will raise rates an…
MOSCOW (AP) — Russian President Vladimir Putin said Tuesday it is the West’s own fault that the flow of Russian natural gas to European customers has dwindled and warned that it could continue ebbing. Putin’s statement further cranked up pressure on the European Union, which fears Russia could cut off gas to wreak economic and…
Chipotle is closing a Maine store that had been leading efforts to unionize the chain. Employees at the Augusta, Maine, Chipotle filed a petition with the National Labor Relations Board in June asking to hold a union election at the store. It was the first of the Mexican food chain’s stores to file such a…
TUNIS, Tunisia (AP) — The leader of Tunisia’s main opposition party has been questioned by the country’s counterterrorism unit Tuesday on suspicion of money laundering and terrorism financing through an association charity. It’s unclear how long the counterterrorism hearings could last for Rached Ghannouchi, 81, who is the leader of the Islamist Ennahdha party. Critics…
