Business

Just as U.S. policymakers shift focus from curbing inflation to shoring up the job market, the economy faces a jolt that threatens the kind of supply-chain disruption and consumer discontent rife during the pandemic — and possibly puts your daily dose of bananas at risk.

Federal Reserve Bank of Atlanta President Raphael Bostic said starting the central bank’s cutting cycle with a large move will help bring interest rates closer to neutral levels as the risks between inflation and employment become more balanced.

Goldman Sachs Group Inc. has lowered its forecasts for the dollar against a wide range of currencies after the Federal Reserve slashed interest rates.

US equities climbed and Treasuries fell after data showing US business activity is robust even as growth moderates, further stoking confidence the world’s largest economy can nail a soft landing.

The CEO of Novo Nordisk is set to appear before a Senate panel Tuesday to be grilled on the high cost of Ozempic and Wegovy, the popular drugs used to treat diabetes and obesity.

For more than a few globetrotters, booking holiday airfare is a dreaded chore. Because let’s face it, who enjoys being gouged on ticket prices in order to spend Thanksgiving or Christmas with loved ones?

A juicy lawsuit was finally settled between Spokane’s No-Li Brewhouse and Seattle’s Redhook Brewery, leading to a change in Redhook’s labeling for one of its imperial IPA’s.

Amazon wants its third-party sellers to know they are appreciated.

A remodel of a portion of the Davenport Hotel lobby was unveiled to the public Friday – and nothing about it is minimalistic.

Five years after a nuclear reactor at the Three Mile Island plant in central Pennsylvania closed amid financial troubles, its owner wants to bring it back online. Baltimore-based Constellation Energy Corp. said Friday that it has signed a 20-year agreement with Microsoft under which the technology company will purchase power from Three Mile Island Unit 1. That reactor is located at an independent facility from Unit 2, which closed in 1979 after experiencing a partial meltdown.

American Battery Technology Co. and lithium-producer Albemarle Corp. are among 25 companies getting more than $3 billion in funding from the Biden administration to boost domestic production of advanced batteries and components.

Sugar prices are surging as fires and drought slam fields in top grower Brazil, threatening higher costs for sweets and desserts.

About $25 million of construction financing has been secured for the development of Saltese Creek, a 192-unit multifamily project being built just south of the intersection of Tschirley Road and 6th Ave in Spokane Valley.

Apple Inc. has been warned by the European Union to open up its highly guarded iPhone and iPad operating systems to rival technologies, or eventually risk significant fines under its flagship digital antitrust rules.

Sales of existing US homes fell in August to a 10-month low on persistent affordability challenges ahead of a recent decline in mortgage rates.

Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.

Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.