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Recent Articles from Associated Press
Ferrero to Acquire WK Kellogg in $3.1B Cereal Deal
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast […]
X CEO Linda Yaccarino steps down after two years
X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk’s social media platform. Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intelligence company xAI, maker […]
Wall Street ends mixed amid Trump’s new tariff deadlines
A choppy day in the markets left major U.S. stock indexes little changed Tuesday as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe by leaning into tariffs on goods coming into the U.S. The S&P 500 slipped 0.1% a day after posting its biggest loss since […]
NWS cuts spark concern over weather data privatization
WASHINGTON (AP) — As commerce secretary, Howard Lutnick oversees the U.S. government’s vast efforts to monitor and predict the weather. The billionaire also ran a financial firm, which he recently left in the control of his adult sons, that stands to benefit if President Donald Trump‘s administration follows through on a decade-long Republican effort to […]
Nvidia becomes first $4T public company
NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia […]
Supreme Court allows Trump’s federal job cuts plan
WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for President Donald Trump‘s plans to downsize the federal workforce despite warnings that critical government services will be lost and hundreds of thousands of federal employees will be out of their jobs. The justices overrode lower court orders that temporarily froze the cuts, which have been […]
Investors snap up 27% of U.S. homes as buyers retreat
LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share […]
TSA to ease shoe removal rule at U.S. airports
For the first time in almost 20 years, travelers may no longer be required to take off their shoes during security screenings at U.S. airports. The Transportation Security Administration is looking to abandon the additional security step that has for years bedeviled anyone passing through U.S airports, according to media reports. If implemented, it would […]
Wall Street is mixed amid Trump’s new tariff deadlines
Wall Street opens flat as investors digest Trump’s latest tariffs on Japan, South Korea, and others set to begin Aug. 1 despite Monday’s dip.
Trump to put 25% tariffs on Japan and South Korea, new import taxes on 12 other nations
WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various […]
