WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its fight against the worst inflation in 40 years by raising its…
Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials. The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to develop a research and technology hub in the area….
NEW YORK (AP) — Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business Voices out last week. Ninety percent…
SANTA FE, N.M. (AP) — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa border crossing, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico. Mexico had considered a route through Texas, but in recent days officials have…
MILAN (AP) — Across Europe, rising energy prices are testing the resolve of ordinary consumers and business owners who are caught between the continent’s dependence on cheap Russian energy and its revulsion over President Vladimir Putin’s invasion of Ukraine. Governments are trying to replace energy supplies from Russia, mindful that their regular payments are funding…
NEW YORK (AP) — Amid the push to get U.S. boardrooms to look more like companies’ customers and employees, advocates are finally seeing just how steep the task will be. Boards of directors at publicly traded U.S. companies are much more white and much less diverse than the overall population, often starkly so. Just 2.7%…
Elon Musk has strengthened the equity stake in his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. A regulatory filing Thursday also said that Musk is in talks with others for additional funding, including…
WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years. Jobless claims in the U.S. rose by 19,000 to 200,000 for the week ending April 30, the Labor Department reported Thursday. First-time applications generally reflect…
ANKARA, Turkey (AP) — Inflation in Turkey soared to nearly 70% in April, official data showed Thursday, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households. The Turkish Statistical Institute said consumer prices rose by 69.97% in April compared with the previous year, the biggest year-over-year…
LONDON (AP) — The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fueled by high energy prices, Russia’s war in Ukraine and lingering concerns about COVID-19. The central bank hiked rates for the fourth time since December as U.K….
