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Recent Articles from Associated Press
OpenAI and Taiwan’s Foxconn to partner in AI hardware design and manufacturing in the US
OpenAI teams up with Foxconn to design and build AI data center equipment in the U.S., boosting American AI infrastructure and manufacturing capacity.
Trump administration unveils new offshore drilling plan
Trump administration proposes offshore drilling off California, Florida, and Alaska, sparking economic and environmental concerns.
Nvidia sales soar as AI chip demand beats forecasts
Nvidia’s AI chip sales surged past expectations, easing tech market jitters and lifting the stock more than 5% after its quarterly results.
Average US long-term mortgage rate rises to 6.26%
The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate ticked up to 6.26% from 6.24% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.84%. Three weeks […]
Walmart posts strong quarter, raises financial outlook
Walmart beat expectations with strong sales and profits, raised its outlook, and announced plans to shift its stock listing to Nasdaq.
Verizon to cut 13,000 jobs in major restructuring
Verizon is laying off over 13,000 employees as the company restructures its workforce and cuts costs under new CEO Dan Schulman.
US employers added surprisingly solid 119,000 jobs in September
WASHINGTON (AP) — U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The increase in payrolls was more than double the 50,000 economists had forecast. Yet there were some troubling details in the delayed […]
US existing home sales rise as mortgage rates ease
Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Existing home sales rose 1.2% in October from the previous month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said Thursday. Sales […]
U.S. jobless claims fall as filings return after shutdown
US filings for jobless benefits remained in historically healthy range during government shutdown
Stocks sway as Nvidia earnings, jobs report test markets
NEW YORK (AP) — The U.S. stock market is swinging through another unsettled day of trading on Wednesday, ahead of a huge couple of tests for Wall Street. The S&P 500 added 0.2% after veering between a small loss and a leap of 1.1% earlier in the day. The index is coming off a four-day losing […]
