WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose last month, while some underlying prices pressures showed signs of easing. Last week’s report from the Commerce Department showed that consumer prices rose 2.6 percent in December from a year earlier, up from a 2.4 percent annual pace in November and the [...]
WASHINGTON (AP) — Federal officials last week approved a new type of pain pill designed to eliminate the risks of addiction and overdose associated with opioid medications such as Vicodin and OxyContin. The U.S. Food and Drug Administration said it approved Vertex Pharmaceuticals’ Journavx for short-term pain that often follows surgery or injuries. It’s the [...]
SAN FRANCISCO (AP) — Apple last week disclosed its iPhone sales dipped during the holiday-season quarter, signaling a sluggish start to the company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Analysts say the iPhone’s approximate 1 percent drop in revenue from the [...]
Walgreens last week said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years. The drugstore chain said it made the move to strengthen its balance sheet and improve free cash flow as company leaders try to turn around the struggling business. Walgreens has been dealing [...]
LOS ANGELES (AP) — What was once the world’s largest solar power plant of its type appears headed for closure just 11 years after opening, under pressure from cheaper green energy sources. Environmentalists, meanwhile, continue to blame the Mojave Desert plant for killing thousands of birds and tortoises. The Ivanpah solar power plant formally opened [...]
Researchers from The Ohio State University have developed a technology that transforms materials such as plastics and agricultural waste into syngas, a substance used in the manufacture of fuels and chemicals. The study, which university officials characterized in a news release as a significant breakthrough, utilized two reactors: a moving bed reducer in which waste [...]
NEW YORK (AP) — Airline officials say they expect a strong tailwind from travel demand in 2025, even though carriers could be hedged in by capacity issues. United Airlines, Delta Air Lines and several other United States-based carriers have all given investors strong forecasts for the year. Wall Street expects major airlines to increase revenue [...]
WASHINGTON (AP) — The nation’s economy ended 2024 with consumer spending continuing to drive growth, according to a new federal government report. The Commerce Department last week reported that the nation’s gross domestic product — the economy’s output of goods and services — expanded at a 2.3 percent annual rate from October through December. For [...]
Most of the objections posted last week to the lawsuit settlement set to alter the college-sports model concerned the impact roster limits will have on players in so-called “Olympic sports,” some of whom have already been cut from their teams. As part of the settlement, the NCAA proposed limits on rosters that would be imposed [...]