NEW YORK (AP) — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes that such an “immaculate disinflation” has never happened before. The ...
NEW YORK (AP) — Lithium ion batteries used to power electric bicycles and scooters have already sparked 22 fires that caused 36 injuries and two deaths in New York City this year, four times the number of fires linked to the batteries by this time last year, officials said Friday. Fire Commissioner Laura Kavanagh said Mayor Eric Adams’ administration is “coming at this problem from every single angle,” including working with the City Council and the federal Consumer Product Safety Commission on additional regulations for the batteries and educating the public on their proper ...
MEXICO CITY (AP) — It has been nearly two years since the United States began pressing Mexico over labor rights violations by using rapid dispute resolution methods contained in the U.S.-Mexico Canada free trade agreement. The administration of President Joe Biden has brought six such ...
BERLIN (AP) — Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are — in effect misleading consumers, investors and governments. The report published Monday by the Europe-based environmental think tanks NewClimate Institute and Carbon Market Watch examined 24 companies, including KitKat manufacturer Nestle, French retailer Carrefour and automaker Volkswagen. It found that only one company — shipping firm Maersk — had climate plans with ...
NEW YORK (AP) — One day in 2020, at the pandemic’s height, an earnest-looking man with long hair the color of Buffalo sauce stepped up to a podium in Lincoln, Nebraska, to address his city council during its public comment period. His unexpected topic, as he framed it: It was time to end ...
NEW YORK (AP) — Stocks dropped Thursday following another mixed set of profit reports from companies, as rising expectations for interest rates keep up the pressure on Wall Street. The S&P 500 fell 0.9%, while the Dow Jones Industrial Average lost 249 points, or 0.7%, and the Nasdaq composite sank 1%. All three indexes had been up by close to 1% in the morning, before momentum gave out. Stocks have been shaky this week, flipping from gains to losses and back again amid uncertainty about where interest rates and inflation are heading. A still-strong jobs market has investors ...
