Tag: Business
High inflation? A generation of investors has never felt it
<p>NEW YORK — The central question gripping Wall Street is whether the burst of inflation hitting the economy as it recovers from the pandemic...
Angela Missoni resigns after 24 years as creative director
MILAN — Angela Missoni is leaving the role of creative director after 24 years at the Missoni fashion house founded by her parents, Ottavio...
US average mortgage rates rise; 30-year loan at 3%
WASHINGTON — Mortgage rates rose this week, pushing the benchmark 30-year home loan to the 3% mark for the first time since mid-April. Signs...
Powerful US nuclear test reactor getting rare major overhaul
BOISE, Idaho — Scientists in Idaho this summer plan to remove the 62,000-pound (28,100-kilogram) stainless steel lid on one of the world’s most powerful...
Founder of TikTok’s Chinese owner stepping down as CEO
<p>BEIJING — The founder of TikTok’s Chinese owner said Thursday he will give up his job as CEO to focus on longer-term initiatives, a...
CP urges Kansas City Southern to reject competing $33.6B bid
<p>OMAHA, Neb. — Canadian Pacific is urging Kansas City Southern to reject Canadian National's rival $33.6 billion takeover bid, but it still refuses to...
Boat builder buying NC company, seeks to create 500 new jobs
<p>NEW BERN, N.C. — The world's largest fishing and recreational boat builder on Thursday announced its acquisition of North Carolina-based Hatteras Yachts, with plans...
Ukraine’s leader says France, Germany too soft on Russia
KYIV, Ukraine — Ukraine's leader said Thursday that France and Germany have recently softened their stance in talks with Moscow on settling a conflict...
Daimler Truck to shift spending to battery, hydrogen rigs
FRANKFURT, Germany — Daimler's truck and bus division says it plans to shift most of its vehicle development resources to zero-emission vehicles by 2025...
Colonial Pipeline CEO to testify before Congress next month
WASHINGTON — The chief executive of Colonial Pipeline is set to testify before Congress next month about a cyberattack that caused the company to...