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Business

Fed to discuss a pullback in economic aid with inflation up

WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the U.S. economy is growing briskly in the ...

Business travel stirs, but many road warriors stay grounded

By Associated Press Of the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travelers. Their absence is noteworthy because they are a key source of revenue and profit, underpinning a record-breaking stretch of ...

Wall Street rallies to record-breaking end of turbulent week

NEW YORK (AP) — Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back from its short-lived swoon at the start of the week. The S&P 500 index climbed 44.31, or 1%, to ...

GM issues 2nd Bolt recall; faulty batteries can cause fires

DETROIT (AP) — General Motors is recalling some older Chevrolet Bolts for a second time to fix persistent battery problems that can set the electric cars ablaze. Until repairs are done, GM says owners should park the cars outdoors, limit charging to 90% of battery capacity, and not deplete ...

Virus’s impact: More relaxing and thinking, less socializing

SAN DIEGO (AP) — The eruption of COVID-19 last year caused the proportion of people working from home in the U.S. to nearly double, with the shift most pronounced among college graduates and workers in such fields as finance and professional services. The share of employed people working ...

Indexes inch higher on Wall Street, preserving weekly gains

Stocks eked out modest gains on Wall Street Thursday, extending the market’s winning streak into a third day and keeping the major indexes on pace to end the week higher. The S&P 500 shrugged off a midday slide and rose 0.2%. Banks, energy companies and industrial stocks weighed on the ...