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Google faces off with US government in attempt to break up company in search monopoly case
Google confronts an existential threat Monday as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into a ruthless monopoly. The drama will unfold in a Washington courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an […]
Trump official urges criminal probe of NY AG over Virginia home purchase
NORFOLK, Va. (AP) — In the summer of 2023, New York Attorney General Letitia James helped her niece buy a modest house in Norfolk, Virginia, by becoming a co-borrower on the mortgage loan. A top housing official in the Trump administration has now seized on a document in that transaction to argue that James should […]
Capital One $35B purchase of Discover Financial gets regulatory approvals
NEW YORK (AP) — The pending merger between Northern Virginia-based Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion. The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024. The Federal […]
Asian markets are mostly higher as Wall Street is stuck in trade war doldrums
BANGKOK (AP) — Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report. U.S. stock and bond markets will be closed on Friday. Tokyo’s Nikkei 225 […]
China dominates solar. Trump tariffs target China. For US solar industry, that means higher costs
Mike Summers was eager to install solar at his home in Ohio for years, and after he finally replaced his aging roof this year, his solar contractor swung into action. His system — including 19 panels and a battery backup — went up this week, and Summers considers himself lucky. “I’m glad to have done […]
Commanders and the D.C. government are in talks on a stadium deal, AP source says
The NFL’s Washington Commanders and the District of Columbia are in discussions about a new football stadium in the nation’s capital, a person with knowledge of talks said Wednesday. No deal has been finalized yet, according to the person who spoke to The Associated Press on condition of anonymity because there was no agreement in place. The […]
The Latest: Trump hints at firing Federal Reserve chair Powell after tariff comments
U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’ s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates. The president’s broadside came a day after Powell said in a speech that Trump’s broad-based tariffs have left the Federal Reserve seeking “greater clari[...]
Hong Kong post office will stop shipping parcels to the US over tariffs
HONG KONG (AP) — Hong Kong’s post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from the southern Chinese city, the government said Wednesday. The U.S. government earlier announced that it would end a customs exception allowing small-value parcels from Hong Kong to enter the U.S. without […]
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs
NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump‘s expansive new tariffs started kicking in. But analysts were quick to point out that the data wasn’t a sign of strength but underscored the extreme economic uncertainty that […]
World Trade Organization says global trade could slide this year because of Trump’s tariff policies
GENEVA (AP) — The World Trade Organization says the volume of trade in goods worldwide is likely to decrease by 0.2% this year due to U.S. President Donald Trump‘s shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest “reciprocal” tariffs. The decline in […]
