Tag: Financial services
US average mortgage rates rise slightly; 30-year at 2.98%
WASHINGTON — Mortgage rates rose slightly this week after three weeks of declines as new economic data underscores the recovering economy's strength. The benchmark...
Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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Democrat Wilson to run for Georgia insurance commissioner
ATLANTA — A Democratic state House member announced on Wednesday that he's running for Georgia insurance commissioner, aiming to defeat appointed Republican incumbent John...
Insurer Humana moves deeper into home care with $5.7B deal
Humana is spending $5.7 billion to jump deeper into delivering care at home, a trend that took off during the pandemic and one the...
Largest firefighting plane may be sold for COVID-19 response
DENVER — As Western states prepare for this year’s wildfire season, the world’s largest firefighting plane has been grounded and could be converted to...
Visa 2Q profits fall 2%, as economic slowdown hits payments
NEW YORK — Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment...
This Week: Consumer confidence, Fed meeting, Amazon earns
A look at some of the key business events and economic indicators upcoming this week:
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Even as economy heats up, Fed to stick with near-zero rates
WASHINGTON — Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up...
Italian arms firm Leonardo buys stake in Germany’s Hensoldt
BERLIN — Italian arms manufacturer Leonardo said Saturday that it is buying large stake in Germany company Hensoldt from the U.S. investment firm KKR.
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