Finance

WASHINGTON — Senators will vet Judy Shelton, a prominent Federal Reserve critic, for one of the central bank’s top jobs on Thursday, a moment that many economists will be watching closely because they see her as a potential threat to the central bank’s prized independence. Ms. Shelton has rhetorically questioned whether America even needs the […]

US budget deficit through first four months of this budget year up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012 By MARTIN CRUTSINGER AP Economics Writer February 12, 2020, 7:48 PM 2 min read WASHINGTON — The U.S. budget deficit through

Tech jobs are coming to New York City in droves. All the big tech companies — even Amazon, which abandoned plans for a headquarters-style campus a year ago — are expanding in the city. But many local workers could miss out because they are not receiving the training they need for well-paid careers in tech,

Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter By CHRISTOPHER RUGABER AP Economics Writer February 12, 2020, 5:02 PM 4 min read WASHINGTON — Republican and Democratic senators voiced

Stocks are opening broadly higher on Wall Street, following gains overseas, as investors welcome more solid earnings reports from U.S. companies By DAMIAN J. TROISE AP Business Writer February 12, 2020, 3:13 PM 3 min read NEW YORK — Stocks are opening broadly higher on Wall Street, following gains overseas, as investors welcome more solid

Energy company BP says it aims to eliminate or offset all carbon emissions from its operations and the oil and gas its produces by 2050 February 12, 2020, 1:42 PM 2 min read LONDON — Energy company BP said Wednesday it aims to eliminate or offset all carbon emissions from its operations and the oil

Nokia has become the latest company to drop out of one of the world’s biggest technology fairs over worries about the viral outbreak from China February 12, 2020, 11:37 AM 1 min read LONDON — Nokia on Wednesday became the latest company to drop out of one of the world’s biggest technology fairs over worries

(Reuters) — A federal judge late on Tuesday dismissed some charges against Theranos Inc. founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an associate of misleading patients about the abilities of her company’s blood tests. The court ruled that since the tests were paid by their medical insurance companies the patients

Fire crews have responded to a fire inside an ExxonMobil refinery in Louisiana February 12, 2020, 8:59 AM 2 min read BATON ROUGE, La. — A fire inside an ExxonMobil refinery in Louisiana turned the night sky a shade of orange and sent a large plume of smoke into the air. The fire erupted at

TOKYO — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan’s Nikkei 225 rose 0.7% to finish at 23,861.21. Australia’s S&P/ASX 200 gained 0.5% to 7,088.20. Hong Kong’s Hang Seng added 1.1% to 27,875.56, while the Shanghai Composite rose 0.9% to 2,926.90.