NEW YORK (AP) — A fire broke out late Wednesday at an Amazon facility in upstate New York that’s voting in a union election next week. The fire at the warehouse, located near Albany in the town of Schodack, began around 10:50 p.m. and lasted until shortly after midnight, according to Schodack police . It’s…
WASHINGTON (AP) — More interest rate increases will be necessary to wrestle inflation under control, Federal Reserve Governor Lisa Cook said Thursday, echoing several tough speeches by other central bank officials this week. Cook said she has revised her views on inflation in the past several months and now sees it as more persistent. And…
BERLIN (AP) — Germans are using too much gas to avoid a potential energy “emergency” this winter, the head of Germany’s national network regulator warned Thursday. “Gas consumption increased by too much last week,” said Klaus Mueller, head of Germany’s network agency. With the reduction in natural gas flows from Russia amid the war in…
FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for crude, and for the diesel fuel, gasoline…
NEW YORK (AP) — Amazon will hire 150,000 full-time, part-time and seasonal employees across its warehouses ahead of the holiday season. The announcement, made Thursday, shows the e-commerce behemoth is taking a less conservative approach to its holiday planning than Walmart, which said last month it would hire 40,000 U.S. workers for the holidays, compared…
WASHINGTON (AP) — Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008. Mortgage buyer Freddie Mac reported Thursday that the average on the key…
PRAGUE (AP) — The leaders of historic foes Turkey and Armenia on Thursday held their first face-to-face meeting since the two countries agreed to improve relations. Turkish President Recep Tayyip Erdogan and Prime Minister Nikol Pashinyan met in Prague on the sidelines of a summit by the leaders of 44 countries to launch a European…
Peloton is looking to trim hundreds of jobs as the company continues to reorganize its business which has stalled as the coronavirus-related surge fades. The maker of high-end exercise equipment plans to cut approximately 500 jobs, or about 12% of its workforce. “A key aspect of Peloton’s transformation journey is optimizing efficiencies and implementing cost…
WASHINGTON (AP) — More Americans filed for unemployment benefits last week, the largest number in four months, but the labor market remains strong in the face of persistent inflation and a slowing overall U.S. economy. Jobless claims for the week ending Oct. 1 rose by 29,000 to 219,000, the Labor Department reported Thursday. The previous…
PARIS (AP) — Under the watchword “Every gesture counts,” the French government launched an energy-saving drive Thursday to get the country through the winter without natural gas from Russia and closer to the European Union targets of reaching climate neutrality by 2050. The French push for “energy sobriety,” months in the planning, dovetails with gas-…
