US Lawmakers Reach $78 Billion Deal on Tax Breaks, but Passage Uncertain

[ad_1] By Susan Heavey and David Lawder WASHINGTON (Reuters) -The leaders of Congress tax-writing committees on Tuesday announced a nearly $80 billion bipartisan deal to enhance tax breaks for businesses…

Europe’s Biggest Economy Shrank Last Year as Germany Struggles With Multiple Crises

[ad_1] FRANKFURT, Germany (AP) — Germany’s economy shrank 0.3% last year as Europe’s former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown…

States With Big Climate Goals Strip Local Power to Block Green Projects

[ad_1] LANSING, Mich. (AP) — Clean energy developers had planned a 75-turbine wind farm in mid-Michigan’s Montcalm County before local voters shot down the idea in 2022 and recalled seven…

Stock Market Today: Wall Street Nears Record as Markets Prep for an Upcoming Inflation Report

[ad_1] NEW YORK (AP) — Wall Street rose Wednesday as traders locked in their final moves ahead of a report on inflation, which could show whether all the excitement that’s…

Stock Market Today: Wall Street Slips as Some of the Prior Day’s Big Moves Unwind

[ad_1] NEW YORK (AP) — Wall Street is slipping Tuesday and giving back some of its big gain from the day before. The S&P 500 was 0.5% lower in early…

Microsoft’s OpenAI Investment Could Trigger EU Merger Review

[ad_1] LONDON (AP) — Microsoft’s multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a European Union merger investigation, the bloc’s executive branch said Tuesday. The European Commission said it’s “checking whether…

Yellen Says 100,000 Firms Have Joined a Business Database Aimed at Unmasking Shell Company Owners

[ad_1] VIENNA, Va. (AP) — Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new…

Stock Market Today: Wall Street Rises as Reports Raise Hopes for Perfect Landing for the Economy

[ad_1] NEW YORK (AP) — Wall Street is drifting higher Friday after reports showed a strong job market is giving workers bigger raises, but key parts of the economy still…

PepsiCo Products Are Being Pulled From Some Carrefour Grocery Stores in Europe Over Price Hikes

[ad_1] PARIS (AP) — Global supermarket chain Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s…

Federal Reserve Minutes: Officials Saw Inflation Cooling but Were Cautious About Timing of Rate Cuts

[ad_1] WASHINGTON (AP) — The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling. In response, the officials chose to leave…