DETROIT — General Motors and the United Auto Workers union reach a tentative contract agreement, according to an AP source. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend. Those deals will…
McDonald’s reported better-than-expected sales in the third quarter as popular promotions brought in customers despite higher U.S. prices. Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period, the burger…
WASHINGTON — The World Bank reported on Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s Commodity Markets Outlook found…
WASHINGTON — WASHINGTON (AP) — President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies…
BANGKOK — China’s leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing. The National Financial…
WASHINGTON — A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour…
Gauging consumers The Conference Board on Tuesday issues its consumer confidence report for October. Analysts expect that American consumers’ confidence fell for the third straight month under the weight of high interest rates, lingering inflation and geopolitical crises. Last month’s…
OKITIPUPA, NIGERIA — Until early last year, a rusting oil ship named the Trinity Spirit floated off the coast of Nigeria, pulling crude oil from the ocean floor. Then, last February, it exploded, collapsing into the ocean along with 40,000…
OKITIPUPA, Nigeria — It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the flames made it seem as bright as day. The explosion that night woke him and knocked him to the floor. He…
HONG KONG — A Hong Kong court on Monday adjourned a winding up hearing for property developer China Evergrande Group’s until Dec. 4. Evergrande has been in crisis since it defaulted on its debt obligations two years ago. The firm…