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Recent Articles from Associated Press
White House begins mass federal layoffs amid shutdown
The White House budget office said Friday that mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers in the ongoing government shutdown.
Wall Street drops to worst day since April after Trump tariff threats
NEW YORK (AP) — A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9%, and the Nasdaq composite fell 3.6%. Stocks […]
New York AG Letitia James charged with mortgage fraud over Norfolk home
New York AG Letitia James was indicted on mortgage fraud after Trump pushed DOJ to pursue charges against his political foes.
Candidates in Virginia governor’s debate clash over shutdown and violent rhetoric
RICHMOND, Va. (AP) — Virginia gubernatorial candidates Republican Winsome Earle-Sears and Democrat Abigail Spanberger faced off Thursday for the first and only time on the debate stage in a fiery affair that was combative from the very first answer. Earle-Sears, perceived by operatives in both parties to be trailing, went on the offensive throughout the hourlong clash, interrupting almost [&[...]
Stocks dip as S&P 500 eases from record high
NEW YORK (AP) — Wall Street is taking a pause on Thursday as U.S. stocks and even the price of gold pull back from record highs following their torrid runs. The S&P 500 fell 0.4%, coming off its latest all-time high and its eighth gain in the last nine days. The Dow Jones Industrial Average fell 278 points, or […]
30-year US mortgage rate falls to 6.3% lowest in a year
The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3% from 6.34% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.32%. The modest drop brings the average rate back to […]
What to watch for in the Virginia governor’s race debate between Spanberger and Earle-Sears
Virginia governor hopefuls Abigail Spanberger and Winsome Earle-Sears debate at Norfolk State in a key bellwether election.
Fed minutes show split on future interest rate cuts
Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.
New H-1B visa fee threatens rural health care, education
Rural U.S. communities warn the new $100K H-1B visa fee could worsen shortages in health care and education by limiting immigrant workers.
IMF chief warns global economy faces lasting uncertainty
WASHINGTON (AP) — The global economy is holding up better than expected despite major shocks such as President Donald Trump‘s tariffs, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said in a speech at a think tank Wednesday. “Uncertainty is the new normal and it is here to stay.” Her [&h[...]
