Business

Saudi crown prince freezes rents in Riyadh for 5 years

Saudi crown prince freezes rents in Riyadh for 5 years

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s powerful crown prince on Thursday ordered rental prices on commercial and residential properties in the kingdom’s capital, Riyadh, to be frozen for five ...

Read More
US home sales remained sluggish in August despite late-summer mortgage rate slide

US home sales remained sluggish in August despite late-summer mortgage rate slide

Sales of previously occupied U.S. homes remained sluggish in August, even as a late-summer slide in mortgage rates brought home loan borrowing costs to a 10-month low. Existing home sales slipped ...

Read More
Ticketmaster to give fans more information after uproar in way Oasis tickets were sold in the UK

Ticketmaster to give fans more information after uproar in way Oasis tickets were sold in the UK

LONDON (AP) — A company that came under fire during the sale of tickets for British rock band Oasis’ reunion concerts this summer committed Thursday to a series of changes that aim to prevent fans...

Read More
Fewer Americans file for jobless benefits last week despite signs of a slowing labor market

Fewer Americans file for jobless benefits last week despite signs of a slowing labor market

WASHINGTON (AP) — U.S. jobless claim applications fell to their lowest level in two months last week as layoffs remain low despite mounting evidence of a softening labor market. The number of Amer...

Read More
US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

WASHINGTON (AP) — The U.S. economy expanded at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gros...

Read More
Starbucks to close stores, lay off 900 workers as part of turnaround plan

Starbucks to close stores, lay off 900 workers as part of turnaround plan

Starbucks is laying off around 900 non-retail employees and closing some U.S. and Canadian stores as it focuses more of its resources on a turnaround. The Seattle coffee giant will notify employee...

Read More