WASHINGTON (AP) — Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States. “I think it will help to accelerate the return of jobs to North America. Some to U.S., probably […]

WASHINGTON (AP) — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. The proposal would affect the so-called “Volcker Rule,” which was created after the 2008 financial meltdown. The rule bars banks from trading with government-insured deposits in an effort to prevent […]

DETROIT (AP) — The average sale price of a new vehicle hit a record of just over $39,000 late last year, a figure that chased many buyers out of the market and into used vehicles, which could set a sales record. The shift to used, aided by millions of late-model vehicles coming off two- and […]

WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats. The Fed sketched a mostly positive picture of the U.S. economy in the statement it released after its latest policy meeting. It also repeated its pledge to […]

WASHINGTON (AP) – It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, […]

WASHINGTON (AP) — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with Fed policy, thanks to a steady if […]

NEW YORK (AP) — Stock tumbled at the open on Wall Street following a sell-off in markets in Europe and Japan as investors grow more concerned about the potential economic impact of an outbreak of a deadly coronavirus. Chinese authorities reported 2,744 people sickened and 81 killed by the new virus first found in the […]

LOS ANGELES (AP) — The company that controls the dot-org online universe is putting the registry of domain names up for sale, and the nonprofits that often use the suffix in their websites are raising concerns about the move. Nonprofit organizations and some tech activists plan to protest Friday outside the Los Angeles headquarters of […]

NEW YORK (AP) – If you’re spending a lot on convenience — whether in the form of grocery delivery, ride-hailing or meal delivery — your credit card wants to reward you for it, while encouraging you to spend more. Consider these recent offerings: — Chase announced in January that for a limited time, eligible cardmembers […]

UK researchers construct massive, interconnected global business network, find that young companies near its center in early stages more likely to succeed financially