Business News

• Stocks end September down 9.3%, worst month since March 2020
  Wall Street closed out a miserable September Friday with the S&P 500's worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets.
• West rejects Putin's claim it sabotaged Baltic gas pipelines
  Russian President Vladimir Putin on Friday accused the West of sabotaging Russia-built natural gas pipelines under the Baltic Sea to Germany, a charge vehemently denied by the United States and its allies. Nordic nations said the undersea blasts that damaged the pipelines this week and have led to huge methane leaks involved several hundred pounds […]
• Boeing behind schedule in gaining approval for new Max jets
  Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time.
• Brainard warns US rates to stay high, notes global impact
  Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials.
• Resilient US consumers spend slightly more in August
  Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials.