NEW YORK (AP) — With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. The announcement comes after months of high inflation have eaten away at Americans’ savings and made the economy the top issue for…
OMAHA, Neb. (AP) — Norfolk Southern hauled in 27% more third-quarter profit as the railroad increased shipping rates and reduced the number of delayed deliveries that shippers have been complaining about this year. The Atlanta-based railroad said it earned $958 million, or $4.10 per share, up from $753 million, or $3.06 per share, a year…
Saudi oil and gas company Aramco unveiled a $1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company’s green credentials in an announcement ahead of the U.N. climate conference next month in Egypt. Aramco CEO Amin Nasser said at an investment conference in Saudi Arabia that the fund will…
Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets. The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs. CEO David Calhoun said Boeing remains…
LONDON (AP) — U.K. Treasury chief Jeremy Hunt on Wednesday delayed his much-anticipated economic statement until Nov. 17, giving new Prime Minister Rishi Sunak a chance to weigh in on policies meant to stabilize the country’s finances after his predecessor’s tax-cutting plans triggered market upheaval. The statement will now include a full budget and analysis…
A Texas mother of a toddler, scraping by on her husband’s income, was desperate to return to work but struggling to afford child care. A young Florida warehouse worker had barely left behind a turbulent past of homelessness and abuse only to be mired in debt. When both women learned they were pregnant, they came…
SEOUL, South Korea (AP) — South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a U.S. crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies. SK Hynix’s chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday…
BEIJING (AP) — Asian stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high. Shanghai and Tokyo declined while Hong Kong and Seoul advanced. Wall Street fell after tech companies reported disappointing quarterly…
HARARE, Zimbabwe (AP) — Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in large part to efforts to overcome food supply problems caused by the war in Ukraine. But bush fires and impending rains are threatening crops yet to be harvested. Like other African countries, Zimbabwe has for…
FRANKFURT, Germany (AP) — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It’s a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that…
