Finance & Commerce
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Top Finance & Commerce News
Business · WashingtonThe Fed raised its key interest rate by a substantial three-quarters of a point for a third straight time. The move boosted its benchmark short-term rate to a range of 3% to 3.25%. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan.See the Story
US interest rates see third 0.75 percentage point rise to tackle inflation
60% Center coverage: 126 sources
Business · New YorkWalmart and Target plan to begin offering deals and price matching offers earlier this year. Holiday sales growth is expected to be slower than a year ago. The current inflation rate of 8.3% means retailers would see a decrease in real sales. Walmart is offering a wider assortment of items this year with more new brands.See the Story
Target, Walmart to kick off holiday early to ease inflation sting
83% Center coverage: 66 sources
US & Canada · CodyWyoming is a favored location for wind farms. The state has some of the best golden eagle populations in the U.S. Wind farms are a threat to the species, which is threatened by climate change. More than 600 golden eagles are killed annually in collisions with cars and trucks.See the Story
Wind energy boom and golden eagles collide in the US West
45% Center coverage: 24 sources
Latest News Stories
Business · WashingtonExisting-home sales fell for a sixth straight month in July as higher interest rates pushed buyers to the sidelines and the supply of homes remained tight.See the Story
U.S. Home Sales Dropped in July for Sixth Straight Month
62% Center coverage: 21 sources
BusinessTalks between major freight railroads and unions have dragged out for more than two years. U.S. President Joe Biden's emergency board delivered its recommendations on Tuesday. "The president is optimistic the report will provide a good framework for successful negotiations," a White House official said.See the Story
Exclusive: Biden's emergency board calls for railroad wage hikes to resolve contract talks
57% Center coverage: 21 sources
US & Canada · WashingtonClean energy incentives in the new spending package signed this week by President Joe Biden will trim America’s emissions of heat-trapping gases by about 1.1 billion tons (1 billion metric tons) by 2030, a new Department of Energy analysis shows.See the Story
Federal study: New climate law to slice carbon pollution 40%
72% Center coverage: 18 sources
Europe · ParisOECD projects worldwide growth to be a modest 3% this year before slowing further to just 2.2% next year, representing around $2.8 trillion in lost global output in 2023. War in Ukraine has driven up food and energy prices worldwide, with Russia a key global energy and fertilizer supplier.See the Story
OECD: War in Ukraine to drag on global economy into 2023
34% Center coverage: 9 sources
BusinessThe CEOs of the nation's biggest banks faced a second day of tough questioning from lawmakers. The U.S. consumer is in relatively good shape but faces threats from high inflation and rising interest rates. Democrats in the House pushed the CEOs on issues like racial equity, the unionization efforts at banks, as well as evergreen financial topics.See the Story
Big bank CEOs face 2nd day of questioning from lawmakers
56% Center coverage: 9 sources
BusinessFederal Reserve officials saw signs that the U.S. economy was weakening at their last meeting. But they still raised their benchmark interest rate by a sizable three-quarters of a point. In minutes from their July 26-27 meeting released Wednesday, the policymakers said they expected the economy to expand in 2022.See the Story
Fed saw evidence of a slowing economy at its last meeting
71% Center coverage: 7 sources
Business · MinneapolisAn office building in an industrial and retail-oriented segment of northeast Minneapolis sold for $30.25 million earlier this month.See the Story
Northeast Minneapolis office sells for $30.25M
Business · MinneapolisBids for an upcoming Highway 212 improvement in Renville County are about $6 million higher than the Minnesota Department of Transportation's estimate. The project will improve about 11 miles of Highway 212 inRenville County, including this area in Sacred Heart, Minnesota. Bids are expected to be completed by the end of 2022.See the Story
