Recent Articles from Associated Press
Explosions at US Steel plant in Pennsylvania leave 1 dead, 2 missing and multiple injured
Explosions at U.S. Steel’s Clairton plant near Pittsburgh killed 1, left 2 missing, and injured at least 9, sparking safety and pollution concerns.
Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant
Ford will invest $2B to retool its Louisville plant for affordable electric trucks, aiming for profitability and faster production by 2027.
US stocks drift around their record heights as Wall Street braces for an update on inflation
U.S. stocks edge lower as investors await July inflation data, with fears Trump’s tariffs could spark stagflation and sway Fed rate cuts.
US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Wall Street clocks another winning week
U.S. stocks closed higher Friday, capping a choppy week of trading with the market’s third winning week in the last four and another milestone. The S&P 500 rose 0.8%, finishing just shy of the record it set last week. The benchmark index also wiped out its losses from a slide last week. The Dow Jones […]
Trump removes Billy Long as IRS commissioner less than 2 months after his confirmation
WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday. The official, who was not authorized to speak publicly and spoke on condition of anonymity, did not give a reason for the dismissal. Treasury Secretary Scott […]
Boar’s Head to reopen plant despite sanitation concerns
The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbreak is set to reopen in the coming months, company officials said. But recent inspections at Boar’s Head sites in three states documented sanitation problems similar to those that led to the listeria contamination that killed 10 people and sickened dozens. The Jarratt, Virginia, […]
Stocks mixed as Trump tariffs take effect worldwide
Stocks are drifting in mixed trading on Wall Street Thursday after President Donald Trump‘s latest tariffs took effect on dozens of countries. The S&P 500 edged down by 0.1% after climbing earlier in the day to the edge of its record, which was set late last month. The Dow Jones Industrial Average was down 330 points, or […]
Average rate on a 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
Intel’s stock tumbles after Trump says its CEO must resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!” Trump […]