Skip to Content

Month: October 2023

Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing

By MICHELLE CHAPMAN AP Business Writer Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend. Those lofty crude prices have fueled an Exxon shopping spree. In July,

Continue Reading

Federal Reserve’s preferred inflation gauge shows still-persistent underlying price pressures

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — An inflation gauge that’s closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Prices rose 0.4% from August to September, the same as the previous month. And compared with 12 months earlier, inflation was

Continue Reading

The Biden administration is encouraging the conversion of empty office space to affordable housing

By ASHRAF KHALIL Associated Press WASHINGTON (AP) — The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions. The new initiative, announced Friday morning, involves the departments of housing and transportation as

Continue Reading

First Alert Weather Alert: Santa Ana winds continue

The First Alert Weather Team issued a First Alert Weather Alert through this evening for strong Santa Ana winds over 30 MPH around the Coachella Valley. These winds will likely make travel difficult, especially through the San Gorgonio Pass, and may cause damage to trees and other objects. A High Wind Warning is in effect for local mountains and

Continue Reading

Exxon profit falls compared record-setting numbers last year, but sector consolidation in full swing

By MICHELLE CHAPMAN AP Business Writer Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend. Those lofty crude prices have fueled a shopping spree this year as

Continue Reading

Pope orders Vatican to reopen case of priest accused of adult abuse but allowed to keep ministering

By NICOLE WINFIELD Associated Press ROME (AP) — Pope Francis has ordered the Vatican to reopen the case of a well-known priest-artist accused of sexually, psychologically and spiritually abusing adult women, and removed the statute of limitations that had previously prevented a church trial based on their claims. The Vatican’s announcement Friday marked a major

Continue Reading
Skip to content