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Recent Articles from Associated Press
30-year mortgage rates climb to 6.89%, highest since Feb
U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.
States offer big incentives for data centers’ growth
States across the U.S. are competing to attract data centers by offering major incentives and tax breaks, sparking pushback in local communities.
More sellers than buyers in housing market slowdown
U.S. housing market sees 34% more sellers than buyers as of April, with fewer home shoppers than any time since 2013, Redfin reports.
Trump tells US steelworkers he’s going to double tariffs on foreign steel from 25% to 50%
WEST MIFFLIN, Pa. (AP) — President Donald Trump said Friday that he’s doubling the tariff rate on steel to 50%, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. Trump spoke at U.S. Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, near Pittsburgh […]
DOJ seeks to drop Boeing fraud charge in 737 Max case
DOJ seeks to dismiss Boeing's 737 Max fraud charge after $1.1B deal; judge to decide on the motion.
Appeals court allows Trump to continue collecting tariffs under an emergency powers law for now
A federal appeals court is allowing President Donald Trump to continue collecting tariffs under an emergency powers law for now.
Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise
WASHINGTON (AP) — Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump’s tariffs on inflation, unemployment, and the broader economy. According to minutes from their May 6-7 meeting, released Wednesday, “almost all” of the 19 officials that participate in the Fed’s meetings on pol[...]
Macy’s trims 2025 forecast amid cautious shoppers
NEW YORK (AP) — Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025. The New York retailer, however, topped most performance expectations for the first three months of the year and maintained its […]
Pratt & Whitney machinists end 3-week strike after approving a new contract
EAST HARTFORD, Conn. (AP) — About 3,000 machinists at jet engine-maker Pratt & Whitney in Connecticut approved a new four-year contract Tuesday, ending a three-week strike over wages, job security and other issues. Union members were expected to return to work Wednesday after 74% of them voted in favor of the new deal, according to […]
Richmond issues boil-water advisory after plant issue
Richmond officials issued a boil-water advisory Tuesday in parts of Virginia’s capital city, leaving many residents without drinkable tap water following an operational issue at the city's water treatment plant for the second time this year.
