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Industrial production increases 0.5% in November

Industrial production increases 0.5% in November

WASHINGTON (AP) — U.S. industrial production increased 0.5% in November as output at the nation's factories reached the highest level since January 2019. The November gain followed an even larger 1.
Facebook whistleblower Frances Haugen has book deal

Facebook whistleblower Frances Haugen has book deal

NEW YORK (AP) — The former Facebook manager who startled the world this fall by leaking tens of thousands of internal documents and accusing her former employer of caring more about money than about public safety has a book deal.
European Central Bank to taper pandemic stimulus, but gently

European Central Bank to taper pandemic stimulus, but gently

FRANKFURT, Germany (AP) — The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record h
Statistics sa¹ú¼Ê´«Ã½ says wholesale sales up 1.4% in October at record $72.5B

Statistics sa¹ú¼Ê´«Ã½ says wholesale sales up 1.4% in October at record $72.5B

OTTAWA — Statistics sa¹ú¼Ê´«Ã½ says wholesale sales climbed to a record high in October, led by gains in sales in the auto sector as automakers were able to secure semiconductor chips that have been in short supply.
US home construction jumps 11.8% in November

US home construction jumps 11.8% in November

SILVER SPRING, Md. (AP) — New home construction in the U.S. jumped 11.8% in November with strong demand boosting builder confidence. The double-digit percentage increase last month left home construction at a seasonally adjusted annual rate of 1.
US jobless claims rise to a still-low 206,000

US jobless claims rise to a still-low 206,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession.
Ousted McDonald's CEO returns $105M after misconduct

Ousted McDonald's CEO returns $105M after misconduct

Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.
Why the Fed feels now is time to tighten credit more quickly

Why the Fed feels now is time to tighten credit more quickly

WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.
Texas pipeline company charged in California oil spill

Texas pipeline company charged in California oil spill

LOS ANGELES (AP) — A Houston-based oil company and two subsidiaries were indicted Wednesday for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act when a
Why the Fed feels now is time to tighten credit more quickly

Why the Fed feels now is time to tighten credit more quickly

WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.