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AP

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Wall Street falls as FedEx warning adds to market woes

The Cheap InvestorSeptember 16, 2022September 18, 20220

Wall Street closed out the stock market’s worst week in three months with more losses Friday, as a stark warning…

  • AP
  • Headlines

China’s consumer, factory activity improve but still weak

The Cheap InvestorSeptember 16, 2022September 19, 20220

BEIJING (AP) — Chinese consumer spending and factory output edged up in August but still were weak, official data showed…

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Germany takes control of 3 Russian-owned oil refineries

The Cheap InvestorSeptember 16, 2022September 19, 20220

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an…

  • AP
  • Headlines

FedEx to close stores, put off hiring as demand slumps

The Cheap InvestorSeptember 15, 2022September 15, 20220

FedEx said Thursday it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought…

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  • Headlines

Mortgage rates hit 6%, first time since 2008 housing crash

The Cheap InvestorSeptember 15, 2022September 16, 20220

WASHINGTON (AP) — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing…

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Boeing to resell some Max jets ordered by Chinese airlines

The Cheap InvestorSeptember 15, 2022September 16, 20220

Boeing officials said Thursday they will find new buyers for some Boeing 737 Max jets that were built for Chinese…

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CSX railroad hires Ford executive to replace retiring CEO

The Cheap InvestorSeptember 15, 2022September 16, 20220

OMAHA, Neb. (AP) — CSX has hired an auto industry executive to lead the railroad after its current CEO retires….

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Louisiana judge tosses permits for $9.4B plastics complex

The Cheap InvestorSeptember 15, 2022September 15, 20220

NEW ORLEANS (AP) — A Louisiana judge has thrown out air quality permits for a Taiwanese company’s planned $9.4 billion…

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Microsoft’s $69B Activision deal faces in-depth UK inquiry

The Cheap InvestorSeptember 15, 2022September 15, 20220

LONDON (AP) — Microsoft’s $69 billion deal to buy video game company Activision Blizzard faces an in-depth antitrust investigation in…

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Patagonia founder gives company away to environmental trusts

The Cheap InvestorSeptember 15, 2022September 16, 20220

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company’s ownership from founder Yvon…

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