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US economy shrinks, threats loom, but growth likely to last

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for the rest...

Stocks fall, oil tops $100 a barrel as Ukraine war rages

Stocks fell as soaring oil prices raised more concerns about how Russia’s escalating war on Ukraine may impact the global economy. Nervous investors again poured money into ultra-safe U.S. gover...

Business Highlights: Oil reserves, sanctions workarounds

___ Nations agree to release 60M barrels of oil amid Russian war FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries have agreed to rele...

Target to invest up to $5 billion to fuel more growth

NEW YORK (AP) — Target will invest up to $5 billion this year in physical stores, remodels, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differe...

Insider Q&A: Brian Moynihan, CEO of Bank of America

NEW YORK (AP) — As CEO of Bank of America since 2010, Brian Moynihan has been largely credited with rebuilding the bank after the Great Recession and financial crisis. Moynihan poin...

Business Highlights: Walmart's results, Tesla investigation

___ Walmart steers through inflation, boosting profit and sales NEW YORK (AP) — Walmart muscled through rising inflation, surging costs related to COVID-19 sick lea...

Walmart steers through inflation, boosting profit and sales

NEW YORK (AP) — Walmart muscled through rising inflation, a snarled global supply chain and surging costs related to COVID-19 sick leave among its workers to deliver strong fourth quarter results Thur...

EXPLAINER: A scarcity of chips feeds frustration, inflation

Even coming off its fastest annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and en...

Google's Q4 ad sales soar again, parent plans to split stock

SAN RAMON, Calif. (AP) — Google’s digital advertising empire turned in another strong performance during the holiday shopping season, propelling a 36% increase in its corporate parent’s profit during ...

Business Highlights: Fed's climate concern, Google's sales

___ Climate change a rising Fed concern as nominees face hearing WASHINGTON (AP) — How far the Federal Reserve can go to compel banks to consider the consequences o...

Rising inflation tightens squeeze on consumers

Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending. Consumers paid more for eve...

Business Highlights: Entangled sponsors, 'Pharma Bro'

___ Djokovic entangles sponsors in Australian Open vax uproar NEW YORK (AP) — A lot of people are angry at Novak Djokovic. And his sponsors may just wait it out. It...

December retail sales slip after a record holiday season

NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Frid...

Today in History

Today in History Today is Tuesday, Jan. 4, the fourth day of 2022. There are 361 days left in the year. Today’s Highlight in History: On Jan. 4...

How major US stock indexes fared Wednesday

Stocks ended another wobbly day mostly higher, enough for the S&P 500 to notch another record high. Retailers and companies reliant on consumer spending were among the better pe...