US probes Tesla Autopilot recall
DETROIT -- The U.S. government's auto safety agency is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure dri…
National Business News
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Rally puts S&P 500 back in weekly winning column
NEW YORK -- The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday.
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CEO warns ‘stagflation’ possible
NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out mor…
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Growth shrinks to 1.6%
WASHINGTON -- Growth in the nation's economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers -- the main dr…
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FCC votes to return to ‘net neutrality’
The Federal Communications Commission voted 3-2 Thursday to put the internet back under "net neutrality" regulation, reprising Obama-era rules that prohibit se…
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EPA issues new clean energy rule
WASHINGTON -- Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection…
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Southwest continues belt-tightening
Southwest Airlines Co. is slowing growth, ending service at four airports and offering voluntary leaves to address "significant challenges" stemming from reduc…
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Worries about inflation, economy drag down stocks
NEW YORK -- Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sha…
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Union Pacific profit hits $1.64B in 1Q
OMAHA, Neb. -- Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses -- particularly its fuel bill -- even though it de…
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Rate for 30-year mortgage inches higher to 7.17%
LOS ANGELES -- The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what's…
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Whirlpool cuts 1,000 positions to reduce costs
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow U.S. home sale…
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U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation's economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spendi…
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Boeing’s losses hit $355M in quarter 1
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it fa…
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New rules aim to ease air travel
The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better dis…
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Vehicle insurance rates keep climbing as other costs fall
NEW YORK -- Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation.
