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Asian stocks advance after Wall Street sinks for third day

BEIJING (AP) — Asian stock markets rose Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes. ...

Apple's holiday iPhone sales surge despite supply shortages

SAN RAMON, Calif. (AP) — Apple shook off supply shortages that have curtailed production of iPhones and other popular devices to deliver its most profitable holiday season yet. The r...

Growth slows again for Robinhood; stock falls after earnings

NEW YORK (AP) — Growth keeps slowing for Robinhood Markets, the upstart company that upended the brokerage industry, and its stock keeps falling. The company whose easy-to-use tradi...

Business Highlights: US economy grows, Apple posts profit

___ US economy grew 5.7% in 2021 in rebound from 2020 recession WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presiden...

How major US stock indexes fared Thursday

Stocks gave up an early rally and closed lower on Wall Street Thursday as a streak of market volatility continued. Markets are still processing the latest indications from the Feder...

US economy grew 5.7% in 2021 in rebound from 2020 recession

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. ...

How to score points in the credit game

Credit scoring can feel like a frustrating game — falls can be sudden and swift, and climbing is a slow slog. In reality, “all scoring models and lenders are aiming to do the same t...

Deutsche Bank sees biggest annual profit in a decade

FRANKFURT, Germany (AP) — Deutsche Bank said Thursday it reaped its best annual profit in a decade in 2021 and put most of the costs of its wrenching, years-long restructuring behind it. The bank unde...

China property shares slump as planned U.S. rate hike adds to woes

China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher in...

Global stocks sink after Fed says US rates will rise 'soon'

BEIJING (AP) — Global stock markets and Wall Street futures sank Thursday after the Federal Reserve indicated it will raise interest rates soon to cool inflation. London and Frankfur...

Business Highlights: The Fed's rate plans, Tesla's profits

___ Fed plans to raise rates as soon as March to cool inflation WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will likely begin a series of inter...

How major US stock indexes fared Wednesday

An early market rally gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates “soon” to fight a spike in i...

Editorial Roundup: United States

Excerpts from recent editorials in the United States and abroad: Jan. 25 The Washington Post on President Joe Biden’s Federal Reserve nominees: Pr...

Canada's central bank leaves interest rate unchanged

TORONTO (AP) — Canada’s central bank declined to raise its benchmark interest rate on Wednesday but said interest rates will have to rise in the future as the economy rebounds. The B...

US new home sales jump in December as prices fall

SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. ...