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Business

Wall Street rips higher after inflation data and strong bank profits

NEW YORK (AP) — U.S. stocks ripped higher Wednesday following a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks also helped launch indexes to their best day in two months. The S&P 500 jumped 1.8%. The Dow ...

U.S. recovers $31M in Social Security payments to dead people

WASHINGTON (AP) — The U.S. government clawed back more than $31 million in Social Security payments that improperly went to dead people, a recovery that one official said Wednesday was “just the tip of the iceberg.” The money was reclaimed as part of a five-month pilot program after ...