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Economy News

Big 0.6% April wholesale price jump catches many off guard

Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing ...

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 ...

AP Top Stories May 13 A

Here's the latest for Thursday May 13th: More Israel-Gaza fighting; Massive gas pipeline restarted; Two small planes collide ...

Australian telco fined $39M for exploiting Indigenous folk

Australia’s largest telecommunications company Telstra was fined 50 million Australian dollars ($39 million) on Thursday for ...

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

The head of the Federal Aviation Administration expressed “absolute confidence” in the Boeing 737 Max on Wednesday and said ...

Official: Bridge crack potentially 'catastrophic'

A transportation official says repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a ...

Biden optimistic pipeline shutdown will end soon

President Joe Biden is trying to reassure the American public that they are going to hear "some good news," in the next 24 ...

Long lines at gas stations as pipeline shuts down

Officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack of the nation’s ...

Pipeline hack ripples beyond gas availability

State and federal officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack ...

McConnell: Tax hike is 'red line' for GOP

Senate Minority Leader Mitch McConnell says he told President Joe Biden during their meeting Wednesday that raising the ...

Buttigieg: WH working around the clock on pipeline

Transportation Secretary Pete Buttigieg says the Biden administration is "working around the clock" to help Colonial Pipeline ...

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

A French court on Wednesday ordered Air France and plane maker Airbus to stand trial for manslaughter in the 2009 crash into ...

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 ...

Gas analysts say don't worry, but drivers still do

More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is ...

Japan's SoftBank returns to profit on global stock boom

Japanese technology conglomerate SoftBank Group Corp. returned to profitability for the fiscal year that ended in March, it ...

Suit: Workers lured from India paid $1.20 per hour for years

FBI agents were at a large Hindu temple in New Jersey on Tuesday as a new lawsuit claimed it was built by workers from ...

Data expert testifies at landmark West Virginia opioid trial

A data expert testifying at a landmark opioid trial in West Virginia said Tuesday that the potency of prescription drugs sent ...

Bulgaria caretaker government appointed until July election

Bulgaria on Tuesday moved to quell a political crisis by appointing a retired general as interim prime minister until an ...

New York to press ahead with lawsuit against NRA

A federal judge on Tuesday dismissed the National Rifle Association’s bankruptcy case, leaving the powerful gun-rights group ...

Ex-UAW leader gets nearly 2 years for corruption

Dennis Williams, the former president of the United Auto Workers, is sentenced to 21 months in prison for corruption (May 11)

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