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Recent Articles from Associated Press
Newark airport delays highlight air traffic controller crisis
Newark airport faces major delays amid controller shortages and failing radar systems. FAA plans tech upgrades and flight cuts to improve safety.
Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
Wall Street trades flat as investors await retail sales data and Fed signals on interest rates amid U.S.-China trade pause and cooling inflation.
Family of Boeing whistleblower settles lawsuit with aircraft maker over his death
CHARLESTON, S.C. (AP) — The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing on alleged jumbo jet defects has settled a lawsuit against the aircraft maker. Details of the settlement over John Barnett’s death were not disclosed in a court filing Monday. Barnett, a longtime Boeing employee, shared his […]
UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025
UnitedHealth CEO Andrew Witty steps down amid rising costs. The insurer suspends its 2025 outlook; shares drop 16% after months of instability.
Wall Street climbs following a slowdown in inflation as the S&P 500 erases its loss for 2025
U.S. stocks rise as inflation slows and tech shares surge. AI stocks lead gains, while tariffs and Fed policy keep investors cautious.
Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power
Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.
Microsoft to lay off about 3% of its workforce
Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, impacting LinkedIn, Xbox, and management roles.
Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.
S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war
NEW YORK (AP) — Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.S. store shelves. The S&P 500 was 2.7% higher in [...]
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
