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Business

Swimming app operators say regulators are all wet

MADISON, Wis. (AP) — The operators of a startup that allows private homeowners to rent their swimming pools by the hour said Wednesday that Wisconsin regulators are all wet and want them to back off demands that they say would kill their business. Wisconsin is the first state to push back ...

Powell says inflation, though elevated, will likely moderate

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, in testimony to the House Financial Services Committee, ...

U.S. consumer prices surge in June by the most since 2008

WASHINGTON (AP) — Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the Labor Department showed that ...

Stocks ease below recent records Tuesday as earnings reports roll in

NEW YORK (AP) — Stocks closed lower on Wall Street Tuesday, bringing major indexes slighTly below the record highs they set a day earlier. The S&P 500 fell 0.4%. Investors were weighing the latest quarterly earnings reports from big U.S. companies and concerns about inflation. ...

For top #MeToo legal duo, a pandemic year brings no pause

She’d just upended her life by going public with sexual harassment allegations against New York Gov. Andrew Cuomo. And Charlotte Bennett, a former aide to the governor, realized that Saturday night in February that she had no plan for what came next. She was 25 years old, and had never been ...

Biden signs competition order targeting big business

WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open ...