Skip to content

National Business

US GDP slowed sharply in Q3 but big rebound expected in Q4

US GDP slowed sharply in Q3 but big rebound expected in Q4

WASHINGTON (AP) — The U.S. economy slowed to a modest annual rate of 2.1% in the July-September quarter according to the government’s second read of the data, slightly better than its first estimate.
Sweden's first female prime minister quits hours later

Sweden's first female prime minister quits hours later

COPENHAGEN, Denmark (AP) — Hours after being tapped as Sweden’s first female prime minister, Magdalena Andersson resigned Wednesday after suffering a budget defeat in parliament and her coalition partner the Greens left the two-party minority governm
Slovakia approves 2-week nationwide lockdown as virus surges

Slovakia approves 2-week nationwide lockdown as virus surges

BRATISLAVA, Slovakia (AP) — The Slovak government on Wednesday approved a two-week national lockdown amid a record surge of coronavirus infections.
Consumer spending rebounds despite rising October inflation

Consumer spending rebounds despite rising October inflation

WASHINGTON (AP) — U.S. consumer spending rebounded in October, rising by a a solid 1.3% despite rising inflation that over the past year has reached the fastest pace in more than three decades.

South Dakota Supreme Court rules against pot legalization

SIOUX FALLS, S.D. (AP) — The South Dakota Supreme Court on Wednesday upheld a lower court's ruling that nullified a voter-passed amendment to the state constitution that would have legalized recreational marijuana use. Gov.

US new homes sales rise 0.4% in October as prices climb

WASHINGTON (AP) — U.S. sales of new homes edged up 0.4% last month, coming in below expectations as housing prices continued to climb.
Depth of Black Friday discounts depends on resiliency of retailers' supply chains

Depth of Black Friday discounts depends on resiliency of retailers' supply chains

Amid the flashy flyers and promotional emails, a divide has emerged between big and small retailers this Black Friday. On one side, retail giants with sophisticated supply chains and robust inventory levels.
US jobless claims hit 52-year low after seasonal adjustments

US jobless claims hit 52-year low after seasonal adjustments

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year's coronavirus recession.

BHP extends offer for Noront Resources as talks with Wyloo continue

TORONTO — BHP Lonsdale Investments Pty Ltd. is extending is takeover offer for Noront Resources Ltd. as it continues talks with a major shareholder in the company regarding support for its proposal.
NASA launches spacecraft to test asteroid defense concept

NASA launches spacecraft to test asteroid defense concept

LOS ANGELES (AP) — NASA launched a spacecraft Tuesday night on a mission to smash into an asteroid and test whether it would be possible to knock a speeding space rock off course if one were to threaten Earth.