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Economy

Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working.

WASHINGTON — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.

WASHINGTON — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.

NEW YORK — Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.

NEW YORK — Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.

Starbucks is pulling out of the Russian market.

Starbucks is pulling out of the Russian market.

LATEST

Asian Shares Mixed as Wall Street Hovers Near Bear Market

Shares were mostly higher in Asia in cautious trading Monday after Wall Street dipped once again to the edge of a bear market.

Shares were mostly higher in Asia in cautious trading Monday after Wall Street dipped once again to the edge of a bear market.

Senate Ships $40B Ukraine Aid Bill to Biden for Signature

WASHINGTON — The Senate has whisked a $40 billion package of military, economic and food aid for Ukraine and U.

WASHINGTON — The Senate has whisked a $40 billion package of military, economic and food aid for Ukraine and U.

McDonald’s Era in Russia Coming to a Close, Restaurants Sold

McDonald's is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union.

McDonald's is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union.

Stocks Slip On Wall Street, Edge Closer to Bear Market

NEW YORK — Stocks fell in morning trading on Wall Street Thursday, deepening a slump for major indexes as persistently high inflation continues to weigh on the economy.

NEW YORK — Stocks fell in morning trading on Wall Street Thursday, deepening a slump for major indexes as persistently high inflation continues to weigh on the economy.

More Americans Apply for Jobless Benefits Last Week

WASHINGTON — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low.

WASHINGTON — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low.

Court Considers Whether US Can Seize a Russian Yacht in Fiji

WELLINGTON, New Zealand — At Lautoka harbor in the heart of Fiji's sugar cane region, five U.

WELLINGTON, New Zealand — At Lautoka harbor in the heart of Fiji's sugar cane region, five U.

Asian Shares Track Wall Street’s Inflation-Fueled Retreat

TOKYO — Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that added to worries over persisting high inflation.

TOKYO — Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that added to worries over persisting high inflation.
BONN, Germany — The U.S.

Powell: Fed to Keep Hiking Rates Until It Controls Inflation

WASHINGTON — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

WASHINGTON — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

Musk: Doubt about Spam Accounts Could Scuttle Twitter Deal

LONDON — Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.

LONDON — Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.

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