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Powell says inflation, though elevated, will likely moderate

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WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in...

Citigroup profits soar due to fewer bad loans

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NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...

Fed survey: US economy strong but hindered by bottlenecks

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WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...

UK inflation rises to highest level in nearly 3 years

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LONDON — Official figures show inflation in the U.K. rising to its highest level in nearly three years because of increases in the prices...

Stocks give up an early gain and turn mixed on Wall Street

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Stocks gave up an early gain and turned mixed on Wall Street as banks and energy companies fell while other sectors rose. ...

With taxpayers’ help, Delta posts $652 million profit in 2Q

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Delta Air Lines reported its first quarterly profit since the pandemic devastated the airline industry more than a year ago, as hordes of vacation...

That was fleeting: Twitter kills off ephemeral ‘fleets’

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Twitter is disappearing its disappearing tweets, called fleets, after they didn't catch on. ...

With taxpayers’ help, Delta posts $652 million profit in 2Q

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Delta Air Lines reported its first quarterly profit since the pandemic devastated the airline industry more than a year ago, as hordes of vacation...

Swimming app operators say Wisconsin regulators are all wet

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MADISON, Wis. — The operators of a startup that allows private homeowners to rent their swimming pools by the hour said Wednesday that Wisconsin...

Bosnia intelligence chief detained in money laundering probe

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SARAJEVO, Bosnia-Herzegovina — Bosnian authorities have detained the head of the Balkan country's state security agency in a probe that includes money laundering. ...