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Key inflation gauge slowed to still-high 6.3% over past year

By CHRISTOPHER RUGABER
May 27, 2022 7:00 am - An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may ...
Wall Street breaks 7-week losing streak, longest since 2001

By DAMIAN J. TROISE and ALEX VEIGA
May 27, 2022 7:00 am - NEW YORK (AP) - Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for...
Ford Foundation's Darren Walker gets France's highest honor

By THALIA BEATY
May 27, 2022 7:00 am - NEW YORK (AP) - Darren Walker, Ford Foundation president and preeminent connector and advocate for artists and art institutions, joined the exclusive company of global s...
Ship expands Iran Revolutionary Guard's reach to new waters

By JON GAMBRELL
May 27, 2022 7:00 am - DUBAI, United Arab Emirates (AP) - Iran's paramilitary Revolutionary Guard is building a massive new support ship near the strategic Strait of Hormuz as it tries to expa...
Big Lots, American Eagle fall; Dell, Ulta Beauty rise

The Associated Press
May 27, 2022 7:00 am - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Friday: Gap Inc., up 48 cents to $11.60. The clothing chain gave investors a mixed financial...
Grains higher, Livestock lower

The Associated Press
May 27, 2022 7:00 am - Wheat for Jul. gained 14.25 cents at $11.5750 a bushel; Jul. corn rose 12.25 cents at $7.7725 a bushel, Jul. oats advanced 18.50 cents $7.0375 a bushel; while Jul. soybe...
Closing prices for crude oil, gold and other commodities

The Associated Press
May 27, 2022 7:00 am - Benchmark U.S. crude oil for July delivery rose 98 cents to $115.07 a barrel Friday. Brent crude for July delivery rose $2.03 to $119.43 a barrel. Wholesale gasoline for...
Biden renews sanctions license for Chevron in Venezuela

By JOSHUA GOODMAN
May 27, 2022 7:00 am - MIAMI (AP) - The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-r...
CEO pay rose 17% in 2021 as profits soared; workers trailed

By STAN CHOE
May 27, 2022 7:00 am - NEW YORK (AP) - Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package...
Prairie Food Co-op looks for another Lombard location after falling short of fundraising goal

By Scott C. Morgan
May 27, 2022 5:30 am - The leaders of a Lombard-based food cooperative are reluctantly looking for an alternate location. Prairie Food Co-op announced this week that it will likely walk away f...

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