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Recent Articles from Associated Press
US mortgage rates dip to near yearly low at 6.27%
The average 30-year US mortgage rate fell to 6.27%, nearing its lowest level of the year as borrowing costs continue to ease.
Nestlé to cut 16,000 jobs worldwide in cost-saving push
Nestlé plans to cut 16,000 jobs globally by 2027 as part of a cost-saving and turnaround strategy aimed at boosting efficiency.
Wall Street gains amid tech, bank earnings & trade tensions
Stocks rise as banks and tech report strong earnings; trade tensions with China and Fed policy keep markets volatile.
Judge blocks Trump layoffs during government shutdown
SAN FRANCISCO (AP) — President Donald Trump’s administration for now must stop firing workers during the government shutdown, a federal judge ordered on Wednesday. U.S. District Judge Susan Illston in San Francisco said the cuts appeared to be politically motivated and were being carried out without much thought. “It’s very much ready, fire, aim on most […]
BlackRock, Nvidia, Microsoft in $40B data center deal
BlackRock, Nvidia and Microsoft are buying Aligned Data Centers for $40B to expand global AI and cloud infrastructure.
Federal workers face strain, layoffs as shutdown deepens
Hundreds of thousands of federal workers face financial strain and new layoffs as the government shutdown enters its third week.
Powell signals more Fed rate cuts amid hiring slowdown
Fed Chair Jerome Powell said slowing hiring raises risks for the U.S. economy, signaling two more rate cuts are likely this year.
Wall Street rebounds as investors shrug off trade tensions
U.S. stocks rebounded Tuesday as investors brushed off rising trade tensions between the U.S. and China after early losses.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Oracle and AMD expand AI partnership to keep up with demand
WASHINGTON (AP) — Oracle and Advanced Micro Devices are expanding their partnership with the deployment of 50,000 AMD graphic processing units beginning in the third quarter of 2026 with further expansion to follow. The so-called AI “supercluster” is a massive, interconnected group of high-performance computers designed to work together as a single system. AMD shares […]
