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Powell says inflation, though elevated, will likely moderate

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

JPMorgan’s 2Q profits more than double, beating expectations

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NEW YORK — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global...

Company: Insured losses from Elsa could be $290 million

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ATLANTA — A company that estimates damage from natural disasters says insured losses on land from Hurricane Elsa will be around $290 million. ...

Goldman Sachs 2Q profits beat forecasts; boosts dividend

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NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...

Yellen: US regulators to assess risk posed by climate change

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WASHINGTON — U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate...

Shope Wedding

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Austan Shope and Brielle Tilson were united in marriage on July 3 at Meridian St. United Methodist Church. They were married by Reverend Mary...

IMF approves $650 billion expansion to fight pandemic

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WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they...

World Bank estimates cost of rebuilding Gaza at $485M

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JERUSALEM — Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the...

Judge sets July hearing on Boy Scouts settlement agreement

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DOVER, Del. — A bankruptcy judge has set a July 29 hearing on the proposed $850 million settlement agreement the Boy Scouts of America...

Norway’s Telenor sells Myanmar operations to M1 Group

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BANGKOK — The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations...