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Recent Articles from Associated Press
Microsoft to ship 60K Nvidia AI chips to UAE
Microsoft won U.S. approval to send over 60,000 Nvidia GB300 AI chips to the UAE under strict safeguards despite Trump’s export remarks.
OpenAI and Amazon sign $38B deal for AI computing power
SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s cloud computing services. OpenAI will get access to “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of the deal announced Monday. The agreement comes […]
Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark will acquire Tylenol maker Kenvue for $40B, creating a $32B consumer goods giant amid lawsuits and market pressures.
Air traffic controller shortages lead to broader US flight delays as shutdown nears one-month mark
Continued staffing shortages in air traffic control facilities are causing delays at airports as the government shutdown nears the one-month mark. Controllers have been working without pay since the shutdown began on Oct. 1, and Transportation Secretary Sean Duffy has been warning that travelers will see more flights delayed or canceled the longer they go without a paycheck.
Amazon hoists Wall Street toward another winning week and month
Amazon shares surged 11%, lifting the S&P 500 closer to a record high as Wall Street capped its sixth straight winning month.
US home turnover rate hits lowest level in 30 years
Only 28 of every 1,000 U.S. homes changed hands this year, marking the lowest turnover rate since the 1990s amid a sluggish job market.
U.S. mortgage rates fall to lowest level in a year
The average 30-year mortgage rate dropped to 6.17%, its lowest in over a year, boosting refinancing and homebuying demand.
Stocks slip from records amid trade, tech earnings news
U.S. stocks fell from record highs as investors weighed U.S.-China trade talks and mixed Big Tech earnings from Meta and Microsoft.
Farmers welcome China soybean deal but remain cautious
OMAHA, Neb. (AP) — American farmers welcomed China‘s promise to buy some of their soybeans, but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds. The Chinese promise to buy at least 25 million metric tons of soybeans annually for next three years will bring […]
China delays rare earth export limits in trade deal
China’s one-year delay on rare earth export rules gives the U.S. and allies time to boost production and reduce reliance on Beijing.
