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US ready to lend Poland $4B for nuclear energy plan

The Associated Press WARSAW, Poland — A project to develop small nuclear power reactors in Poland is moving forward, with Polish energy company Orlen and two U.S. government financial institutions signing an agreement Monday. Poland is turning toward energy that is renewable or does not use climate-changing fossil fuels as it tries to break its reliance on coal. Moscow’s invasion of Ukraine also has accelerated Poland’s drive to cut its dependence on Russian oil and natural gas. In a ceremony at the U.S. ambassador’s residence in Warsaw, the U.S. Export-Import Bank and U.S. ...

Street holds gains as earnings roll in

Wall Street held steady in premarket trading Friday as some of the nation’s biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Futures for the Dow ticked up 0.1% and futures for the S&P 500 were essentially flat. JPMorgan Chase reported a 52% jump in profits over last year’s first quarter, while Well Fargo reported its profits increased 32%. The strong showing suggests few signs of potential trouble in the banking system — at least among the nation’s biggest, most complex financial institutions. Shares in Wells ...

Profits at big banks show few industry distress signs

By KEN SWEET The Associated Press NEW YORK — The nation’s largest banks appear to be weathering the current turmoil in their industry just fine. Despite a pair of historical failures last month that put the nation’s banking industry into crisis mode, the nation’s biggest banks posted strong profits last quarter, helped by higher interest rates and a U.S. economy that keeps growing and adding jobs even as the Federal Reserve attempts to curb inflation. JPMorgan Chase & Co. posted a 52% jump in its first-quarter profits. The bank saw deposits grow noticeably, as ...

Transcriptionist among best modern side hustles

By Kelley Dukat Wealth of Geeks With inflation costs affecting the price of everything, the demand for business services is up, and so is the need for many to take on a side hustle. For those inclined, they can combine the two by offering a business service as a side hustle. This side hustle is well-suited for students, teachers, or anyone looking for a part-time or full-time gig. One trend is transcription services-which primarily consists of turning voice recordings into written format. Working as a transcriptionist can be the ideal situation for many as it requires experience or ...

Delta loses $363 million but says travel demand still strong

The Associated Press Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue. But the airline predicted it will make a bigger-than-expected profit in the current second quarter, which includes the start of the key summer travel season. Airlines are getting a tailwind from the combination of strong demand and limited flights, which has pushed fares higher. But investors were spooked this week when industry analysts warned that growth in airline bookings has slowed down compared with ...

Wall Street rallies and tech stocks leap as inflation cools

NEW YORK (AP) — A rally on Wall Street Thursday is lifting stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 was 1.4% higher in late trading after a report showed inflation at the wholesale level slowed last month by more than expected. The Dow Jones Industrial Average was up 395 points, or 1.2%, at 34.041, as of 3:05 p.m. Eastern time, while the Nasdaq composite was 2% higher. Thursday’s report showed that prices paid to producers last month were 2.7% higher than a year earlier, the lowest inflation level ...