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Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

By CHRISTOPHER RUGABER AP Economics Writer
Oct 20, 2023 8:39 am - WASHINGTON - Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a ...
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

By KEN SWEET AP Business Writer
Oct 04, 2023 7:19 am - NEW YORK - For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury that he wasn't, i...
Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

By CHRISTOPHER RUGABER AP Economics Writer
Sep 21, 2023 1:43 pm - WASHINGTON - The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it's moderating its fight aga...
A resilient stock market helped boost gains for 401(k) savers in the first half of 2023

By ALEX VEIGA AP Business Writer
Aug 20, 2023 8:03 am - LOS ANGELES (AP) - A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year. The average 401(k) plan balance s...
Warren Buffett's firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

By JOSH FUNK AP Business Writer
Jun 30, 2023 7:45 am - OMAHA, Neb. (AP) - Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil produce...
The S&P 500 is in a bull market. Here's what that means and how long the bull might run

Associated Press
Jun 09, 2023 9:59 am - The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. Here are some answers to questions a...
Walgreens Boots Alliance declares quarterly dividend

BUSINESS WIRE
Apr 24, 2023 9:13 am - DEERFIELD - Walgreens Boots Alliance, Inc. has declared a quarterly dividend of 48 cents per share, unchanged from the previous quarter and an increase of 0.5 percent fr...
Credit Suisse shares soar after central bank offers lifeline

By JAMEY KEATEN and DANICA KIRKA Associated Press
Mar 17, 2023 5:49 am - GENEVA - Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the cou...
Markets shudder on fears about banking crisis, recession

By STAN CHOE AP Business Writer
Mar 17, 2023 5:49 am - NEW YORK - Worries about a spreading banking crisis and how badly it will hit an already fragile economy caused markets to shudder Wednesday, as stocks fell and bond yie...
Silicon Valley Bank's demise disrupts the disrupters in tech

By MICHAEL LIEDTKE AP Technology Writer
Mar 15, 2023 6:31 am - Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shellshocked entrepreneurs thankful for the government reprieve...

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