business news

Annual inflation rate slows to 2.9% in July, lowest since 2021

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is…

UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible

ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the…

France’s ‘Olympic truce’ ends, returning political tensions to the fore

Time is running out on the so-called “Olympic political truce” declared by French President Emmanuel Macron in late July, pushing…

Inside the tax battles Tim Walz fought — and won — in Minnesota

Six years before Tim Walz was tapped to be Vice President Kamala Harris’ running mate, he was busy running for…

U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war

The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the…

Top Republicans call on Trump to stop insulting Harris, refocus on policy

Former President Donald Trump is facing a wave of calls from Republican supporters to focus his political attacks against Vice…

Wednesday’s big CPI inflation report could mark a change in thinking for the Fed

The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department…