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Business

Gas prices dip below $4 but remain 25% higher than last year

NEW YORK (AP) — The average U.S. price for a gallon of gas fell below $4 today, hitting a level not seen since the first full month of the war with Iran and providing a bit of relief to consumers squeezed by soaring costs. Although the tentative peace deal between the U.S. and Iran and the ...

Fed policymakers show support for rate hikes

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank's policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened ...

Pizza Hut will be sold for $2.7 billion

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said Tuesday that the private equity firm LongRange Capital will buy Pizza Hut, excluding the mainland China ...