Alibaba records first quarterly operating loss since IPO
<p>HONG KONG — Alibaba had its first quarterly operating loss since it went public in 2014 after Beijing slapped a record $2.8 billion fine...
US mortgage rates fall for 4th week; 30-year dips to 2.94%
<p>WASHINGTON — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery...
Tesla to stop accepting Bitcoin for car payments
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
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Choppy jobs recovery could mean bumpy economic rebound
April's catastrophic jobs report is a sign that while the U.S. economy continues its post-pandemic recovery, the road ahead will be bumpy.
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UN raises global economic forecast to 5.4% growth in 2021
<p>UNITED NATIONS — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to...
EU economy to expand, bouncing back from pandemic crisis
<p>BRUSSELS — The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast...
Rising commodities costs hit Americans at home and on road
<p>NEW YORK — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying...
UN raises global economic forecast to 5.4% growth in 2021
UNITED NATIONS — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to...
EU economy to expand, bouncing back from pandemic crisis
BRUSSELS — The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast...
Rising commodities costs hit Americans at home and on road
NEW YORK — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying...