Coca-Cola's profit and revenue slip, but are better-than-expected as product price hikes continue in the third quarter

Georgia's Gov. Kemp and fellow GOP leaders promise new state income tax rebates

ATLANTA (AP) — Georgia Gov. Brian Kemp and Republican legislative leaders want to issue another round of income tax rebates, thanks to state financial reserves that continue to rise. The leaders announced a proposal Tuesday to give refunds of up to $250 to single filers, up to $375...

IMF's view: The global fight against high inflation is 'almost won'

WASHINGTON (AP) — The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool...

Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years

NEW YORK (AP) — U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single...

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

WASHINGTON (AP) — Treasury Secretary Janet Yellen told world financial leaders Tuesday that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S....

Public university protests escalate in challenge to Argentina's President Milei

BUENOS AIRES, Argentina (AP) — In a burst of adrenaline, the Argentine students charged into oncoming traffic. Trucks screeched to a halt. Motorbikes swerved. Some drivers flipped their middle fingers, yelling insults. Others pumped their fists in solidarity, howling, “Public...

Wealthier Americans are driving retail spending and powering US economy

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income,...

European Central Bank, seeing no signs of recession, cuts interest rates again

LONDON (AP) — The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, does not expect the bloc to slide into recession as it cut borrowing costs once again Thursday in the wake of recent data showing inflation across the bloc falling to its lowest...

US shoppers spent more at retailers last month in latest sign consumers are driving growth

WASHINGTON (AP) — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September, the Commerce...

US filings for jobless applications retreat back to recent ranges after big jump due to hurricanes

The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big jump the week before due to hurricanes in the Southeast. The Labor Department reported Thursday that applications for jobless claims fell by by 19,000 to 241,000 for...