FRANKFURT, Germany (AP) — Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel along with non-members including Russia tracks with its established schedule […]

PALO ALTO, Calif. (AP) — Tesla says it delivered 241,300 electric vehicles in the third quarter even as it wrestled with a global shortage of computer chips that has hit the entire auto industry. The Palo Alto, California, company’s sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data […]

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that current high levels of inflation are likely to fade next year and won’t prevent the Fed from pushing toward its goal of full employment. Powell spoke earlier this week about “tension” between the Fed’s two goals of maximum employment and keeping prices stable. In […]

In an economy upended by the coronavirus, shortages and price spikes have hit everything from lumber to computer chips. Not even toilet paper escaped. Now, they’re cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from […]

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday defended the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. But he acknowledged inflation has stayed higher for longer than he expected. At a panel sponsored by the European Central Bank, Powell was asked if […]

Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans’ protection against the virus. How much the manufacturers stand to gain depends on how big the rollout proves to be. U.S. health officials late on Thursday endorsed booster shots of the […]

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest. “It is now clearly seen as not adequate in sustaining the public’s trust,” Powell said […]

Reusable packaging __ from stainless steel ice cream containers to glass jars of soap __ is about to become more common at groceries and restaurants worldwide. Loop, a two-year-old company that collects and sanitizes reusable containers, said Wednesday it’s expanding after successful trials at groceries in France and Japan. Kroger and Walgreens in the U.S., […]

MOSCOW (AP) — Facing Kremlin pressure, Apple and Google on Friday removed an opposition-created smartphone app that tells voters which candidates are likely to defeat those backed by Russian authorities, as polls opened for three days of balloting in Russia’s parliamentary election. Unexpectedly long lines formed at some polling places, and independent media suggested this […]

NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods and services and last-minute gifts. As the resilient coronavirus keeps offices closed and workers at home, some are adapting while others are trying to hang on. […]