Tag: Economy
The Woomblies return to the place it all started
When the Woomblies take the stage in downtown Franklin this weekend, it’s going to be a homecoming more than 20 years in the making.The...
Citigroup profits soar due to fewer bad loans
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
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...
Wholesale inflation over past year jumps by record amount
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%.
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Stocks open higher; Citi, Wells Fargo lead gains for banks
Stocks are opening broadly higher on Wall Street Wednesday as several big companies reported results that were better than analysts were expecting. The S&P...
Wells Fargo beats expectations with $6 billion profit in 2Q
SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
Powell says inflation, though elevated, will likely moderate
WASHINGTON — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in...
Technology stocks drive early gains as latest earnings flow
Big technology companies pushed U.S. stocks higher in early trading as investors reviewed the latest earnings reports and updates on rising inflation.
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Stocks give up an early gain and turn mixed on Wall Street
Stocks gave up an early gain and turned mixed on Wall Street as banks and energy companies fell while other sectors rose.
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