NEW YORK (AP) — The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through the summer, according to the latest survey from the Institute for Supply…
Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of…
Amtrak on Thursday worked to accommodate travelers whose plans were disrupted this week ahead of a tentative railway labor agreement. Crowds were noticeably smaller at New Jersey stop on Amtrak’s Northeast Corridor line between Philadelphia and New York hours after the agreement was announced, customers said. Amtrak cancelled several of its long-distance routes this week…
NEW YORK (AP) — Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food took a toll on family budgets. U.S. retail sales rose an unexpected 0.3% last month after falling 0.4% in July, the Commerce Department said Thursday. Excluding business at gas…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. Applications for jobless aid for the week ending Sept. 10 fell by 5,000 to 213,000, the Labor Department reported Thursday….
BRUSSELS (AP) — European Union lawmakers on Thursday said that Hungary’s nationalist government is deliberately trying to undermine the bloc’s democratic values and they deplored the failure of the 26 other EU countries to take action that would bring the country back into line. In a resolution that passed in a 433-123 vote, with 28…
KYIV, Ukraine (AP) — Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskyy are each courting major allies on Thursday, seeking to prop up their efforts in a war whose fortunes have tilted toward Ukraine in recent days. In Uzbekistan’s ancient Samarkand, Putin was hoping to break through his international isolation and further cement his…
BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street’s benchmark S&P 500 index lost 1.1% on Thursday, adding to declines since this week’s release…
TOKYO (AP) — Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported Thursday. The 2.82 trillion yen ($19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs-data showed exports rose 22% from a…
SEOUL, South Korea (AP) — Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea’s modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones…
