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15 minutes ago

Alibaba records first quarterly operating loss since IPO

China’s largest e-commerce company Alibaba Group Holding on Thursday reported its first quarterly operating loss since it went public in 2014, after Beijing slapped a record $2.8 billion fine on the company for abusing its market position
15 minutes ago
Workers past by the logo for Alibaba Group during an Internet Technology Expo in Beijing on Friday, April 30, 2021. Chinese financial regulators have summoned 13 companies engaged in online finance services, including Meituan, Tencent and Bytedance, and told them to strengthen anti-monopoly measures. As part of their crackdown on online financial services, last year authorities abruptly halted a $34.5 billion initial public offering by Ant Group, which is affiliated with e-commerce giant Alibaba. (AP Photo/Ng Han Guan)
24 minutes ago

Biden team moves swiftly to tackle pipeline political peril

The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack
24 minutes ago
President Joe Biden delivers remarks about COVID vaccinations in the South Court Auditorium at the White House, Wednesday, May 12, 2021, in Washington. (AP Photo/Evan Vucci)
37 minutes ago

April wholesale prices jump 0.6%, led by higher food costs

Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs
37 minutes ago
FILE - In this April 29, 2020 file photo, a shopper wears a mask as she looks over meat products at a grocery store in Dallas. Wholesale prices rose a higher-than-expected 0.6% in April, driven by a sharp rise in food costs. The increase, reported Thursday, May 13, 2021, by the Labor Department, followed a sizable 1% advance in March.(AP Photo/LM Otero, File)
40 minutes ago

US unemployment claims drop to 473,000, a new pandemic low

Layoffs have slowed further with economy strengthening.
40 minutes ago
44 minutes ago

Choppy jobs recovery could mean bumpy economic rebound

The economic recovery’s seemingly open road ahead could get a little bumpy from here
44 minutes ago
1 hour ago

McDonald's raising US workers' pay in company-owned stores

McDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market
1 hour ago
FILE- This Aug. 8, 2018, photo shows logos of McDonald's Chicago flagship restaurant. McDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market. The fast food giant is the latest restaurant chain to announce pay raises. (AP Photo/Nam Y. Huh, File)
5 minutes ago

Global stock markets sink as inflation worries mount

Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February
5 minutes ago
A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 13, 2021. Asian stock markets followed Wall Street lower for a second day Thursday after unexpectedly strong U.S. consumer price rises fueled worries inflation might drag on an economic recovery. (AP Photo/Ahn Young-joon)
4 hours ago

Why restaurants are having a hard time finding staff right now

Boosted unemployment benefits could be one of several reasons.
4 hours ago
A Help Wanted sign hangs in the window of a restaurant in the Greenwich Village neighborhood of Manhattan in New York City, May 4, 2021. Some restaurants in New York City are starting to hire employees now that they can increase their indoor dining to 75% of capacity starting May 7.
May 13

As chip shortage goes on, cars are scarce and prices are up

Automakers are cutting production as they grapple with a global shortage of computer chips, and that's making dealers nervous
May 13
In this photo made on Thursday, May 6, 2021, a salesman from the Shults Ford dealership in Wexford, Pa. sits in one of the Ford F150 trucks at their nearby empty pickup truck inventory storage lot. Ford is warning that it expects to make only half the normal number of vehicles from now through June. Bazzy normally stocks 400-500 pickup trucks at his three Ford dealers, but is down around 100. He's confident that he can keep customers happy if they can order a truck and get it in four weeks, but he fears losing business to competing brands with a huge stock. (AP Photo/Keith Srakocic)
May 13

Driven by despair, Lebanese pharmacist looks to life abroad

The shelves are bare at the Panacea pharmacy north of Beirut
May 13
Pharmacist Rita El Khoury speaks in the middle of her empty pharmacy after selling her stock in preparation for her move to France with her husband, in Ballouneh, north of Beirut, Lebanon, Wednesday, April 21, 2021. They are part of the latest wave of emigration in the small country’s tortured modern history, driven by financial ruin, collapsing institutions, hyperinflation and rapidly rising poverty. (AP Photo/Bilal Hussein)
May 13

Asian stocks follow Wall St lower as inflation worries mount

Asian stocks have fallen for a second day, following Wall Street lower as worries about inflation mount
May 13
A man wearing a protective mask walks past an electronic stock board showing Japan's Nikkei 225 and New York Dow indexes at a securities firm Wednesday, May 12, 2021, in Tokyo. Asian stock markets retreated Wednesday as investors looked ahead to U.S. data they worry will show inflation is picking up. (AP Photo/Eugene Hoshiko)
May 12

By the Numbers: Consumer prices spike 4.2% in last year

A look at recent inflation, with prices for consumer goods, food and used cars surging as the U.S. economy picks up.
May 12
VIDEO: By the Numbers: Consumer prices spike 4.2% in last year
May 12

Colonial Pipeline restarts operations days after major hack

The nation’s largest fuel pipeline restarted operations, days after it was forced to shut down by a gang of hackers
May 12
A hand written sign is posted on a gas pump, showing that the service station is out of all grades of fuel Wednesday, May 12, 2021, in Charlotte, N.C. Several gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by hackers entered its fifth day. (AP Photo/Chris Carlson)
May 12

Biden team moves swiftly to tackle pipeline political peril

The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack
May 12
Secretary of Transportation Secretary Pete Buttigieg listens during a press briefing at the White House, Wednesday, May 12, 2021, in Washington. White House press secretary Jen Psaki and Environmental Protection Agency Administrator Michael Regan look on. (AP Photo/Evan Vucci)
May 12

Consumer prices shot up 0.8% in April as worries escalate

A worrisome bout of inflation struck the economy in April, with U.S. consumer prices surging 0.8%, the largest monthly jump in more than a decade and the year-over-year increase reaching its fastest rate since 2008
May 12
In this photo provided by the New York Stock Exchange, traders work on the floor, Friday, May 7, 2021. Stocks are rallying to records on Wall Street Friday despite a stunningly disappointing report on the nation's job market, as investors see it helping to keep interest rates low. (Nicole Pereira/New York Stock Exchange via AP)
May 12

FAA chief defends 737 Max, calls new fix 'straightforward'

The head of the Federal Aviation Administration is continuing to express confidence in the safety of the Boeing 737 Max after new electrical problems with some of the planes
May 12
May 12

Crash, arrest draw more scrutiny of Tesla Autopilot system

Federal safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the steering wheel
May 12
May 12

Emergency program to give people $50 off internet bill

Americans can begin applying for $50 off their internet bill on Wednesday as part of an emergency government program to keep people connected during the pandemic
May 12
FILE - In this Friday June 5, 2020, file photo, fourth-grader Sammiayah Thompson, left, and her brother, third-grader Nehemiah Thompson, work outside in their yard on laptops provided by their school system for distant learning in Hartford, Conn. Americans can begin applying for $50 off their internet bill on Wednesday, May 12, 2021, as part of an emergency government program to keep people connected during the pandemic. (AP Photo/Jessica Hill, File)
May 12

How major US stock indexes fared Wednesday

Stocks pulled back again on Wall Street Wednesday after a surprisingly big jump in inflation last month worsened worries among investors that the economy may run too hot as it bounces back from its pandemic-induced recession
May 12
May 12

Grocery Outlet, Lumentum fall; Exxon Mobil, fuboTV rise

Stocks that traded heavily or had substantial price changes Wednesday: Grocery Outlet, Lumentum fall; Exxon Mobil, fuboTV rise
May 12
May 12

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
May 12
May 12

US budget deficit hits record $1.9 trillion so far this year

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year
May 12
FILE - In this May 7, 2021 file photo, Treasury Secretary Janet Yellen speaks during a press briefing at the White House in Washington. The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages. In its monthly budget report, the Treasury Department said Wednesday, May 12 that the shortfall so far this year is 30.3% higher than the $1.48 trillion deficit run up over the same period a year ago.(AP Photo/Patrick Semansky)
May 12

Rising commodities costs hit Americans at home and on road

Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level
May 12
FILE - In this April 29, 2020 file photo, a worker restocks chicken in the meat product section at a grocery store in Dallas. Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level in 2021, with Americans paying more for meat, gasoline, items they keep in their homes and even the homes themselves. (AP Photo/LM Otero)
May 12

Electric 3-wheeled car factory, jobs coming to Mesa, Arizona

ElectraMeccanica, known for its tiny, single passenger, three-wheeled electric cars, has picked Mesa, Arizona for its U.S.-based assembly and engineering plant
May 12
This undated photo provided by ElectraMeccanica shows the company's three-wheeled Solo electric car. ElectraMeccanica, known for its tiny, single passenger, three-wheeled electric cars, has picked Mesa, Ariz., for its U.S.-based assembly and engineering plant. The Canadian company, based in Vancouver, B.C., says the new facility will create up to 500 new jobs and potentially produce 20,000 of its flagship Solo electric vehicles each year. (ElectraMeccanica via AP)
May 12

Boris Johnson's office says court debt order 'without merit'

British Prime Minister Boris Johnson’s office says an outstanding court order against Johnson over an allegedly unpaid debt is “totally without merit.”
May 12
Britain's Prime Minister Boris Johnson leaves 10 Downing Street for a debate on the Queen Speech at House of Commons in London, Wednesday, May 12, 2021. (AP Photo/Alastair Grant)
May 12
FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven with lower income groups lagging behind. In a speech Monday, May 3, 2021 Powell cited a number of reasons that U.S. growth prospects have brightened. (AP Photo/Susan Walsh, Pool)
May 12

Gas prices hit $3 a gallon for 1st time in nearly 7 years amid Colonial Pipeline saga

Federal authorities have urged for calmness and against panic-buying.
May 12
People line up to get gas at a station in Annapolis, Md., May 12, 2021.
May 12

EU companies could face legal action over Iran contracts

A top EU court advisor says Iranian banks or firms could take legal action against European companies that terminate their contracts without proving that they are not caving in to U.S. sanctions
May 12
May 12

UK economy showed resilience ahead of big lockdown easing

Official figures show that the British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus
May 12
FILE - In this Friday, March 26, 2021 file photo, a person walks past a temporarily closed clothes shop on Regent Street in central London, where non-essential shops are closed during England's third coronavirus lockdown. The British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus. The Office for National Statistics also said Wednesday May 12, 2021, that the economy even managed to grow by 2.1% in March when the country began easing some restrictions. (AP Photo/Matt Dunham, File)
May 12

Slovakia plans to keeping using AstraZeneca despite pause

Slovakia's health minister says the AstraZeneca coronavirus vaccine should remain part of his country's vaccination program
May 12
Slovakia's Prime Minister Eduard Heger receives his first AstraZeneca COVID-19 vaccination at the National Soccer Stadium in Bratislava, Slovakia, Saturday, May 1, 2021. The AstraZeneca coronavirus vaccine should remain part of Slovakia’s vaccination program the country’s Health Minister said on Wednesday, May 12. Slovakia on Tuesday halted use of the two-shot AstraZeneca vaccine after Slovakia’s State Institute for Drug Control concluded last week that the death of a 47-year-old woman who received the AstraZeneca was “likely” linked to the vaccine. (Jakub Kotian/TASR via AP)
May 12

UK's Johnson urged to bring forward inquiry into pandemic

British Prime Minister Boris Johnson has confirmed that an independent public inquiry into the government’s handling of the coronavirus pandemic will start hearing evidence next year
May 12
Britain's Prime Minister Boris Johnson leaves 10 Downing Street for a debate on the Queen Speech at House of Commons in London, Wednesday, May 12, 2021. (AP Photo/Alastair Grant)
May 12

Consumer prices spiked 4.2% year-over-year in April

The latest data comes amid mounting inflation fears from investors.
May 12
A shopper wears a face mask in the produce section of a grocery store, April 18, 2020, in the Harlem neighborhood of the Manhattan borough of New York, during the coronavirus outbreak.
May 12

Amazon wins EU court fight over $300 million tax ruling

A European Union court has overturned a ruling by the European Commission that a tax deal between Luxembourg's government and Amazon amounted to illegal state support
May 12
FILE - In this Feb. 19, 2013 file photo, the internet trader Amazon logo is seen behind barbed wire at the company's logistic center in Rheinberg, Germany. A European Union court annulled Wednesday, May 12, 2021 a ruling by the European Commission that a tax deal between the Luxembourg government and Amazon amounted to illegal state support. The Commission's decision related to Luxembourg's tax treatment of two companies in the Amazon group, Amazon EU and Amazon Europe Holding Technologies. (AP Photo/Frank Augstein, File)
May 12

French court orders trial in 2009 crash of Rio-Paris flight

A French court has ordered Air France and plane maker Airbus to stand trial for manslaughter in the 2009 crash of a flight from Rio de Janeiro to Paris which killed all 228 people aboard
May 12
FILE - In this Sunday, June 14, 2009 file photo shows workers unloading debris, belonging to crashed Air France flight AF447, from the Brazilian Navy's Constitution Frigate in the port of Recife, northeast of Brazil. A French court on Wednesday ordered Air France and plane maker Airbus to stand trial for manslaughter in the 2009 crash of a flight from Rio de Janeiro to Paris which killed all 228 people aboard. (AP Photo/Eraldo Peres, File)
May 12

WHO should have more power to stop pandemics

A panel of independent experts who reviewed the World Health Organization’s response to the coronavirus pandemic has published its final report, listing an array of recommendations about how the world can better prepare for another
May 12
May 12

Edmunds: 2021 Ford Bronco Sport vs the Subaru Forester

Edmunds compares the 2021 Ford Bronco Sport with the Subaru Forester, the current king when it comes to small crossovers that are off-road-ready
May 12
This undated photo from Ford shows the 2021 Bronco Sport, a small SUV with impressive off-road capabilities. (Courtesy of Ford Motor Co. via AP).
May 12

Japan's Toyota says profit soared in Jan-March amid pandemic

Toyota says its profit more than doubled to 777 billion yen, or $7 billion, in the last quarter as the Japanese automaker’s sales recovered from the pandemic
May 12
The company logo adorns a sign outside a Toyota dealership Sunday, March 21, 2021, in Lakewood, Colo. Toyota reported Wednesday, May 12, 2021, its January-March profit more than doubled from the previous year to 777 billion yen ($7 billion), as the Japanese automaker’s sales gradually recovered from the damage of the coronavirus pandemic. (AP Photo/David Zalubowski)
May 12

UK government plan to toughen voter ID rules draws criticism

The British government has announced contentious plans to toughen election voting rules by requiring photo identification at polling stations
May 12
FILE - In this Thursday, Dec. 12, 2019 file photo, a polling station signpost lies on the pavement, in Twickenham, England. The British government announced Tuesday May 11, 2021, contentious plans to toughen election voting rules by requiring photo identification at polling stations, a move it says will protect the democratic system against electoral fraud. (AP Photo/Frank Augstein, File)
May 12

EU economy to expand, bouncing back from pandemic crisis

The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to regain lost ground by the end of next year
May 12
European Commissioner for Economy Paolo Gentiloni speaks during a media conference on the economic forecast for spring 2021 at EU headquarters in Brussels, Wednesday, May 12, 2021. The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to have recouped the ground lost by the end of next year. (Johanna Geron, Pool via AP)
May 12

American tells Japan court he worked for Nissan's interests

Greg Kelly, an American lawyer on trial in Japan on charges related to former Nissan Chairman Carlos Ghosn’s compensation, has asserted his innocence, testifying he acted legally and in Nissan's best interests
May 12
FILE - In this Sept. 8, 2020, file photo, former Nissan Motor Co.'s executive Greg Kelly speaks during an interview in Tokyo. Kelly, on trial in Japan on charges related to former Nissan Chairman Carlos Ghosn’s compensation, asserted his innocence Wednesday, May 12, 2021, testifying he had always acted legally and in the “best interests of Nissan.” (Kyodo News via AP, File)
May 12

Japan's SoftBank returns to profit on global stock boom

Japanese technology conglomerate SoftBank Group Corp. says it returned to profitability in the fiscal year that ended in March, boosted by the strong performance of its sprawling investments as stock prices surged
May 12
FILE - In this Nov. 9, 2020, file photo, people walk by a SoftBank shop in Tokyo. Japanese technology conglomerate SoftBank Group Corp. returned to profitability for the fiscal year that ended in March, boosted by the strong performance of its sprawling investments as stock prices surged, reported Wednesday, May 12, 2021. (AP Photo/Koji Sasahara, File)
May 12

This state's biggest city is using guaranteed income to aid pandemic recovery

The pilot program aims to aid the city's vulnerable and housing insecure.
May 12
Pedestrians wearing protective masks walk through the Ironbound district of Newark, N.J., May 6, 2020.
May 12

Kremlin-imposed cuts at US Embassy leave thousands adrift

Under Kremlin orders, the U.S. Embassy has stopped employing Russians, forcing the embassy to cut its consular staff by 75% and limit many of its usual services
May 12
The U.S. Embassy and the National flag are seen in Moscow, Russia, Tuesday, May 11, 2021. Under Kremlin orders, the U.S. Embassy has stopped employing Russians, leaving Russian businessmen, lovers and exchange students adrift because they can't get visas and American parents unable to register their newborns as citizens. (AP Photo/Alexander Zemlianichenko)
May 12

Public service in the US: Increasingly thankless, exhausting

Historically, public service jobs have given people a chance to give back to their communities while earning solid benefits, maybe even a pension
May 12
May 12

UN raises global economic forecast to 5.4% growth in 2021

The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021
May 12
FILE - In this April 21, 2021, file photo, visitors attend the Shanghai Auto Show in Shanghai. The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021. But it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery. (AP Photo/Ng Han Guan, File)
May 12

Wall Street opens lower led by more drops in Big Tech stocks

Asian stock markets are lower as investors look ahead to U.S. data they worry will show inflation picking up
May 12
People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, May 11, 2021. Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower. (AP Photo/Vincent Yu)
May 11

Gas stations report shortages as pipeline shutdown drags on

More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by hackers entered its fifth day
May 11
A company that operates a major U.S. energy pipeline says it was forced to temporarily halt all pipeline operations following a cybersecurity attack.
May 11

Beyond vaccines, UNESCO wants more global science shared

While the U.S. president is calling for suspending patents on COVID-19 vaccines, experts at UNESCO are quietly working on a more ambitious plan
May 11
FILE - In this Nov.4, 2017 file photo, the logo of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) is seen during the 39th session of the General Conference at the UNESCO headquarters in Paris. While the U.S. president is calling for suspending patents on COVID-19 vaccines, experts at UNESCO are quietly working on a more ambitious plan: a new global system for sharing scientific knowledge that would outlast the current pandemic. (AP Photo/Christophe Ena, File)
May 11

Latest 737 Max problem sets back Boeing airplane deliveries

Boeing deliveries of new planes slumped in April, as the company worked to fix an electrical-grounding problem on some 737 Max jetliners
May 11
May 11

Ferro, 3D Systems rise; Yum, Novavax fall

Stocks that traded heavily or had substantial price changes Tuesday: Ferro, 3D Systems rise; Yum, Novavax fall
May 11