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Recent Articles from Associated Press
Jobless claims jump, but labor market still appears steady
WASHINGTON (AP) — The number of Americans applying for unemployment benefits jumped last week, but remain in the same historically healthy range of the past few years despite growing concern over the health of the labor market. U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from the previous […]
Oil firms bid $300M in first Gulf lease sale under Trump
WASHINGTON (AP) — Oil companies offered $300 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production. The sale came after President Donald Trump‘s administration recently announced plans to allow new drilling off Florida and California for […]
US stocks rise after the Fed cuts rates and hopes build for more
NEW YORK (AP) — The U.S. stock market rose to the edge of its record on Wednesday after the Federal Reserve cut its main interest rate to bolster the job market, and hopes strengthened for more cuts to come in 2026. The S&P 500 climbed 0.7% and finished just shy of its all-time high, which […]
Fed cuts rates again but signals pause ahead
WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a statement […]
Elon Musk says DOGE was only ‘somewhat successful’ and he wouldn’t do it again
Mega billionaire Elon Musk, in a friendly interview with his aide and conservative influencer Katie Miller, said his efforts leading the Department of Government Efficiency were only “somewhat successful” and he would not do it over again. The Tesla and SpaceX CEO, who also owns the social media platform X, still broadly defended President Donald […]
Paramount says China’s Tencent withdrew from its Warner Bros bid to avert national security issues
BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount’s revised filing with the U.S. Securities and Exchange Commission of its takeover bid said the Chinese company had dropped its $1 billion financing […]
Stocks slip as Wall Street awaits Fed rate decision
U.S. stocks were flat as investors awaited the Fed’s rate decision, with inflation concerns and rising Treasury yields shaping sentiment.
Philanthropist MacKenzie Scott gave $7.1 billion to nonprofits in 2025, a major increase
NEW YORK (AP) — The author and philanthropist MacKenzie Scott revealed $7.1 billion in donations to nonprofits in 2025 Tuesday, marking a significant increase in her annual giving from recent years. Writing in an essay on her website, Scott said, “This dollar total will likely be reported in the news, but any dollar amount is […]
OpenAI names Slack’s Denise Dresser first chief of revenue
SAN FRANCISCO (AP) — OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology. OpenAI said Dresser will oversee global revenue strategy and “will help more businesses put AI […]
Trump allows limited Nvidia chip sales to China
Trump will allow Nvidia to sell H200 AI chips to approved buyers in China, sparking praise from industry leaders and objections from Democratic senators.
