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US core consumer prices up 0.3 pct., most in a year
WASHINGTON | U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and is likely to fan inflation fears in financial...
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Is inflation rising as investors fear? 5 ways to keep track
WASHINGTON | After nearly a decade of being all but invisible, inflation — or the fear of it — is back. Tentative signs have emerged that prices could accelerate in coming months. Pay raises may be...
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Critics wary as Google’s Chrome begins an ad crackdown
SAN FRANCISCO | On Thursday, Google will begin using its Chrome browser to eradicate ads it deems annoying or otherwise detrimental to users. It just so happens that many of Google’s own most lucrative...
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US mortgage rates climb to a nearly 4-year peak
WASHINGTON | Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years, a sign that the prospect of higher inflation is steadily increasing the cost of borrowing to buy...
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US factory output flat for 2nd straight month
WASHINGTON | U.S. factory output was unchanged in January for the second straight month after three months of healthy gains. The Federal Reserve said Thursday that production fell in wood products,...
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Energy drives US wholesale prices up 0.4 percent in January
WASHINGTON | U.S. wholesale prices rose 0.4 percent in January, the biggest increase since November, as a big jump in energy prices offset a small decline in the cost of food. The January rise in...
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Mortgages get more expensive as rates hit near 4-year peak
The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term...
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US home construction jumps 9.7 percent in January
WASHINGTON | Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale. The...
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APNewsBreak: Consumers Energy to stop burning coal by 2040
TRAVERSE CITY, Mich. | Consumers Energy will phase out electricity production from coal by 2040 to slash emissions of heat-trapping gases that cause global warming, the Michigan utility’s president and...
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Facebook forges ahead with kids app despite expert criticism
NEW YORK | Facebook is forging ahead with its messaging app for kids, despite child experts who have pressed the company to shut it down and others who question Facebook’s financial support of some...
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Grocery retailer Albertsons to buy drugstore chain Rite Aid
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation’s third-largest drugstore chain. Albertsons...
View ArticleTwitter turns first profit ever, but problems remain
NEW YORK | Twitter beat Wall Street’s cautious expectations with its first quarterly profit in history, but that isn’t going to solve the company’s broader problems any time soon. The company isn’t...
View ArticleKnock knock…Who’s there? Taco Bell and the Colonel
NEW YORK | As the big fast food restaurants increasingly see vast potential in pushing convenience beyond the drive-thru, Taco Bell and KFC are expanding delivery nationwide in partnership with...
View ArticleKale to go: Amazon to roll out delivery at Whole Foods
NEW YORK | Amazon delivery is coming to Whole Foods. The online retailing giant plans to roll out two-hour delivery at the organic grocer this year to those who pay for Amazon’s $99-a-year Prime...
View ArticleFor builders, demand and economy up; so are interest rates
NEW YORK | The outlook from U.S. builders is being buoyed by a strong job market and a sizzling hot economy. The National Association of Home Builders/Wells Fargo builder sentiment index released...
View ArticleDating danger? Businesses rethink workplace romance policies
NEW YORK | It happens in so many workplaces — two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when...
View ArticleCar negotiating secrets for people who hate haggling
A short stint as a car salesman taught me that dealers are pros who negotiate all day for a living — and they always have the home field advantage. Later, while buying dozens of test vehicles for an...
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Long-term mortgage rates climb to 4.40 percent
WASHINGTON | Long-term U.S. mortgage rates crept higher this week, upping the costs of borrowing to purchase a home just as more of the millennial generation is entering the real estate market....
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How to buy a house that hasn’t been built yet
Trisha and Dennis Rawlings, a couple in their early 30s, are moving to suburban Chicago and leaving their over-60-year-old first home in the St. Louis area behind. “We were looking at potentially...
View ArticleWalmart to launch new online home shopping experience
NEW YORK | Bohemian or traditional? Walmart is launching a new online home shopping experience in the coming weeks that will let shoppers discover items based on their style. The move, announced...
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