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Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

By CHRISTOPHER RUGABER AP Economics Writer
Nov 03, 2023 6:43 am - WASHINGTON - The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inf...
McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

By DEE-ANN DURBIN AP Business Writer
Nov 01, 2023 7:26 am - McDonald's said it's pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. The burger giant reported ...
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...

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