Business
US consumer inflation eased again to 6.5% in December
By Christopher Rugaber, The Associated Press on January 12th, 2023
WASHINGTON (AP) – Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier, the government said Thursday. It was ... Read More »
Be the first to comment!US inflation eased again to 6.5% as inflation loosens grip
By Christopher Rugaber, The Associated Press on January 12th, 2023
WASHINGTON (AP) – Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier, the government said Thursday. It was ... Read More »
Be the first to comment!US applications for jobless benefits lowest in 15 weeks
By Matt Ott, The Associated Press on January 12th, 2023
WASHINGTON (AP) – U.S. applications for unemployment benefits fell to their lowest level in 15 weeks as the job market continues to show resiliency in the face of attempts by the Federal Reserve to cool the economy. The number of Americans applying for jobless aid for the week ending Jan. 7 fell by 1,000 to ... Read More »
Be the first to comment!US inflation eased again to 6.5% over the past 12 months
By Christopher Rugaber, The Associated Press on January 12th, 2023
WASHINGTON (AP) – Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation eased to 6.5% in December compared with 12 months earlier, the government said ... Read More »
Be the first to comment!Algonquin slashes quarterly dividend, plans $1B more in asset sales
By The Canadian Press on January 12th, 2023
OAKVILLE, Ont. – Algonquin Power and Utilities Corp. slashed its dividend by 40 per cent and said it will look to sell an additional $1 billion in assets as part of a plan to strengthen its financial position. The company says it will now pay a quarterly dividend of 10.85 cents per share, down from ... Read More »
Be the first to comment!Cannabis company Organigram reports Q1 profit as revenue and margins improve
By The Canadian Press on January 12th, 2023
TORONTO – Organigram Holdings Inc. reported a profit in its latest quarter compared with a loss a year earlier as its revenue and margins improved. The cannabis company says it earned net income of $5.3 million for the quarter ended Nov. 30 compared with a loss of $1.3 million in the same quarter a year ... Read More »
Be the first to comment!Striking New York City nurses reach deal with hospitals
By The Associated Press on January 12th, 2023
NEW YORK (AP) – Two hospitals have reached a tentative contract agreement with thousands of striking nurses, the nurses’ union announced Thursday. The nurses, represented by the New York State Nurses Association, walked out early Monday after negotiations with management ran aground at Mount Sinai Hospital, in Manhattan, and Montefiore Medical Center, in the Bronx. ... Read More »
Be the first to comment!Global shares mostly higher ahead of key US inflation data
By Yuri Kageyama, The Associated Press on January 12th, 2023
TOKYO (AP) – Global shares were mostly higher Thursday ahead of a closely watched report on U.S. inflation that is viewed as a good indicator of whether Wall Street’s recent rising optimism is warranted or overdone. European benchmarks were headed upward in early trading. In Asia, shares started out trading mixed but later settled mostly ... Read More »
Be the first to comment!UAE names oil company chief to lead UN COP28 climate talks
By Jon Gambrell, The Associated Press on January 12th, 2023
DUBAI, United Arab Emirates (AP) – The United Arab Emirates on Thursday named a veteran technocrat who both leads Abu Dhabi’s state-run oil company and oversees its renewable energy efforts to be the president of the upcoming United Nations climate negotiations in Dubai, highlighting the balancing act ahead for this crude-producing nation. Authorities nominated Sultan ... Read More »
Be the first to comment!China’s 2022 auto sales rise 9.5% but growth weakening
By The Associated Press on January 12th, 2023
BEIJING (AP) – China’s auto sales rose 9.5% in 2022 as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth this year, a trade group reported Thursday. Sales of SUVs, sedans and minivans in 2022 rose to 23.6 million, according to the China Association of ... Read More »
Be the first to comment!UAE names technocrat to lead upcoming UN COP28 climate talks
By Jon Gambrell, The Associated Press on January 11th, 2023
DUBAI, United Arab Emirates (AP) – The United Arab Emirates on Thursday named a veteran technocrat with experience in both renewable energies and the oil business as the president of the upcoming United Nations climate negotiations in Dubai, highlighting the balancing act ahead for this crude-producing nation. Authorities named Sultan al-Jaber, a trusted confidant of ... Read More »
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