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Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer … more
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FILE - Tennessee Gov. Bill Lee attends the Tennessee Titans groundbreaking ceremony at the site of the team's new NFL football stadium, Feb. 29, 2024, in Nashville, Tenn. On the eve of a vote on union representation at Volkswagen's Tennessee factory, Lee and some other southern governors are telling workers that voting for a union will put jobs in jeopardy. (AP Photo/George Walker IV, File)
Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
On the eve of a vote on union representation at Volkswagen’s Tennessee factory, Gov. Bill Lee and some other southern governors are telling workers that voting for a union will put jobs in … more
FILE - Julie Su speaks during a Senate Health, Education, Labor and Pensions confirmation hearing for her to be the Labor Secretary, on Capitol Hill, April 20, 2023, in Washington. The Labor Department moved Tuesday to better protect miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory disease commonly known as “black lung.” (AP Photo/Alex Brandon, File)
Coal miners getting new protections from silica dust linked to black lung disease
The Labor Department issued a new rule Tuesday intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory … more
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FILE - The New York Rangers and fans celebrate a shootout victory over the New York Islanders in an NHL hockey game April 13, 2024, in New York. As the NHL playoffs begins this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic. (AP Photo/John Munson, File)
Hockey business is booming as the NHL bounces back from the pandemic in a big way
As the NHL playoffs begin this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic. Backstopped by new U.S. … more
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A fire raged through one of Copenhagen’s oldest buildings on Tuesday, causing the collapse of the iconic spire from the 17th-century Old Stock Exchange as passersby rushed to help emergency services save priceless paintings and other valuables.
Fire destroys Copenhagen's Old Stock Exchange dating to 1600s, collapsing its dragon-tail spire
A fire has swept through one of Copenhagen’s oldest buildings, causing the Old Stock Exchange's iconic dragon-tail spire to collapse. Passersby rushed to help emergency services save priceless … more
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FILE - A airline agents helps a travelers in the departures area of Terminal B at LaGuardia Airport, Tuesday, June 27, 2023, in New York. The U.S. The U.S. Department of Transportation said Tuesday, April 16, 2024, that it will give the states power to investigate complaints about airlines and ticket sellers, and then refer cases to the federal government for enforcement. (AP Photo/Mary Altaffer, File)
The Biden administration recruits 15 states to help enforce airline consumer laws
The Biden administration is enlisting officials in 15 states to help enforce consumer-protection laws covering air travel. The U.S. Department of Transportation said Tuesday that it will give the … more
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FILE - A Dr Martens boot inspired by Elton John's famous Pinball Wizard outfit is shown at a promotional event in London, March 20, 2023. Dr. Martens shares plunged more than 30% Tuesday, April 16, 2024 after the trendy British brand forecast that wholesale revenue in the U.S., its largest market, would decline by double-digits compared to that seen a year ago. (AP Photo/Kin Cheung, File)
Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging
Chunky bootmaker Dr. Martens is warning of a tough year ahead. Dr. Martens shares plunged more than 30% Tuesday after the trendy British brand forecast that wholesale revenue in the U.S., its largest … more
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Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding … more
U.S. Treasury Secretary Janet Yellen attends a press conference in Beijing, China, Monday, April 8, 2024. Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Americans and Chinese have been united in their interest in what Janet Yellen will eat next. (AP Photo/Tatan Syuflana)
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East. She's also pledging that the U.S. and its allies won’t hesitate to … more
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FILE - This May 18, 2021, photo shows a woman typing on a laptop on a train in New Jersey. Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. (AP Photo/Jenny Kane, File)
Business boom: Record numbers of people are starting up new small businesses
Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. New business applications jumped in 2020 as the pandemic started, … more
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A top Federal Reserve official opens door to keeping rates high for longer
Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. Jefferson said he … more
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FILE - Wind turbines operate at an energy plant near Stetten, north of Kaiserslautern, Germany, as the sun rises on, March 19, 2024. According to a new report published Tuesday, April 16, 2024, last year, marked the best year for new wind projects. (AP Photo/Michael Probst, File)
2023 was a record year for wind installations as world ramps up clean energy, report says
The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the … more
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FILE - Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New York. UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday, April 16, that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end of last year surprised Wall Street. (AP Photo/Patrick Sison, File)
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday that care … more
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FILE - Pedestrians wear face masks to help prevent the spread of the new coronavirus in Pyongyang, North Korea, on April 1, 2020. North Korea is putting surveillance cameras in schools and workplaces, and collecting fingerprints, photographs and other biometric information from its citizens in a technology-driven push to monitor its population even more closely, a report said Tuesday, April 16, 2024. (AP Photo/Cha Song Ho, File)
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says
A report from the website 38 North says that North Korea is putting surveillance cameras in schools and workplaces in a technology-driven push to monitor its population even more closely. The … more
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FILE - People pose for a photograph next to an International Monetary Fund banner, during the World Bank/IMF spring meetings at IMF headquarters in Washington, April 11, 2023. The International Monetary Fund has upgraded its outlook for the global economy in 2024, saying the world appears headed for a "soft landing" — reining in inflation without much economic pain and producing steady if modest growth. (AP Photo/Jose Luis Magana, File)
IMF: Outlook for world economy is brighter, though still modest by historical standards
The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and … more
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FILE - This Tuesday, Jan. 14, 2014, file photo shows a Bank of America sign in Philadelphia. Bank of America said, Tuesday, April 16, 2024, its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. (AP Photo/Matt Rourke, File)
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. But the results beat analysts’ estimates. Bank of America … more
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Apple CEO says that he wants to increase investments in Vietnam
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Cook … more
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FILE - A Joe Biden Way road sign is seen in Scranton, Pa., on November 30, 2020. President Joe Biden will return to his childhood hometown of Scranton on Tuesday, April 16, 2024, to kick off three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to crisscross the battleground state while Donald Trump spends the week in a New York City courtroom for his first criminal trial. (AP Photo/Ted Shaffrey, File)
Biden returns to his Scranton roots to pitch tax plan
President Joe Biden will begin three straight days of campaigning in Pennsylvania in his childhood hometown of Scranton. He plans to use the working class city of roughly 75,000 on Tuesday as the … more
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On a China visit, the German chancellor says Russia's invasion of Ukraine threatens global security
German Chancellor Olaf Scholz has told Chinese leader Xi Jinping who hosted him in Beijing that Russia’s full-scale invasion of Ukraine threatens global security, in an apparent call for China to … more
A facility that is set to be a plant for electric vehicles powered by all-solid-state batteries is seen during a media tour in Yokohama, Japan, Tuesday, April 16, 2024. Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by 2028, the company said Tuesday during a media tour of an unfinished pilot plant. (AP Photo/Yuri Kageyama)
Nissan says it will make next-generation EV batteries by 2028
Nissan says it expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029. Japan’s legacy automakers have fallen behind newer rivals like America’s … more
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