Former Mozambique finance minister loses last appeal, set for extradition to US over $2B scandal
Mozambique's former finance minister has lost a last-ditch legal appeal in South Africa and faces extradition to the United States over a $2 billion corruption scandal related to loans to Mozambican state-owned companies
2023-05-26 00:20
Threat of US credit downgrade looms over debt ceiling talks
With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit
2023-05-26 00:18
Average long-term US mortgage rate rises to 6.57% this week, highest level since mid March
The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a dearth of homes for sale
2023-05-26 00:18
Twitter's launch of DeSantis' presidential bid underscores platform's rightward shift under Musk
While shaky and skewered by critics, Twitter’s forum for Florida Gov. Ron DeSantis to announce his presidential run nevertheless underscored the platform’s unmistakable shift to the right under new owner Elon Musk
2023-05-25 23:54
Best Buy posts mixed 1Q results but gadget slump will bottom out as shoppers replace their devices.
Best Buy turned in a first-quarter profit that beat Wall Street expectations, while the nation’s largest consumer electronics chain continued to wrestle with weak consumer demand for gadgets
2023-05-25 23:52
Supreme Court limits federal power over wetlands, boosts property rights over clean water
The Supreme Court has made it harder for the federal government to police water pollution
2023-05-25 22:45
Office landlords squeezed by falling occupancy rates, refinancing difficulties. Here's why
The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space
2023-05-25 22:23
Companies are finding it's not so simple to leave Russia. Others are quietly staying put
When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately
2023-05-25 21:23
US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate
The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate
2023-05-25 20:57
Best Buy reports declines in 1Q profits and sales as gadget spending remains weak
Best Buy reported declines in fiscal first-quarter sales and profits as the nation’s largest consumer electronics chain continues to wrestle with a consumer spending slowdown in gadgets
2023-05-25 20:50
More Americans apply for jobless benefits but labor market remains tight
U.S. applications for jobless claims rose slightly last week but remain at healthy levels as companies seem reticent to let go of employees in a tight labor market
2023-05-25 20:45
Shift to clean energy accelerating, but coal investments too high, report says
The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy
2023-05-25 19:53