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Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

CANBERRA, Australia (AP) — AustraliaÄ¢¹½ÊÓÆµ central bank lifted its benchmark interest rate Tuesday for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%.The Reserve Bank of AustraliaÄ¢¹½ÊÓÆµ hike, its 13th since May 2022, was widely ...

AP Business SummaryBrief at 11:39 p.m. EST

WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billionNEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went ...