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Business Highlights: Bill's inflation impact, stock rally

___ Inflation Reduction Act may have little impact on inflation WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House gave final...

Inflation Reduction Act may have little impact on inflation

WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act. Its title raises a ta...

Publisher of USA Today, other papers axes staff to cut costs

Newspaper publisher Gannett Co. confirmed Friday that it's laying off some of its newsroom staff, part of a cost-cutting effort to lower expenses as its revenue crumbles amid a downturn in ad sales an...

Best Buy trims jobs after it cuts sales and profit outlook

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy de...

Xi told Biden before Pelosi’s Taiwan trip that China not looking for war

TAIPEI (Taiwan News) — When U.S. President Joe Biden and Chinese leader Xi Jinping (習近平) spoke on the phone before U.S. House Speaker Nancy Pelosi visited Taipei, Taiwan was the main topic of di...

Editorial Roundup: United States

Excerpts from recent editorials in the United States and abroad: Aug. 8 The Wall Street Journal on Trump's Senate nominees: Donald Trump now has t...

Taiwan Strait conflict would have no victors: Military experts

TAIPEI (Taiwan News) — A Taiwan Strait conflict would be devastating for all belligerents, participants of a think tank war game concluded last week. The day-long simulation, hosted by the Wa...

Pfizer buying spree continues with $5.4B hematology deal

Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. Pfi...

Mickelson, others sue PGA Tour over LIV Golf suspensions

Phil Mickelson, Bryson DeChambeau and a group of players who defected to Saudi-funded LIV Golf filed an antitrust lawsuit Wednesday against the PGA Tour, the first step in a legal fight that could def...

Newspaper: Families of Haley, Clyburn got casino shares

The husband of former South Carolina Gov. Nikki Haley and brother of U.S. Rep. Jim Clyburn were given shares of a company that leased slot machines to a North Carolina tribal casino that needed politi...

Dems seem headed for climate, health win after ups and downs

WASHINGTON (AP) — It’s been more than a year in the making and has seen plenty of ups and downs. Now, a Democratic economic package focused on climate and health care faces hurdles but seems headed to...

Business Highlights: GDP data, JetBlue buying Spirit

___ US economy shrinks for a 2nd quarter, raising recession fear WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, co...

Facebook ends funding for US news partnerships program

Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook’s News Tab as it reallocates resources in the face of the economic downturn and changing use...

FBI open to settling claims by gymnasts abused by Nassar

WASHINGTON (AP) — The FBI has reached out to attorneys representing Olympic gold medalist Simone Biles and other women who were sexually assaulted by Larry Nassar to begin settlement talks in the $1 b...

McCarthy says he will fly to Taiwan if he becomes House Speaker

TAIPEI (Taiwan News) — Republican House Minority Leader Kevin McCarthy on Tuesday (July 26) said that he would visit Taiwan if he becomes House speaker after the midterm elections, while Democra...