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Recent Articles from Associated Press
Spotify CEO Daniel Ek steps down, Co-CEOs named
LONDON (AP) — Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in Tuesday trading. The Stockholm-based streaming giant said Ek will be replaced by two lieutenants who will become co-CEOs: Chief Product and Technology Officer Gustav Söderström and […]
Pfizer agrees to lower drug costs, $70B US investment
Pfizer will lower drug costs for Medicaid and invest $70B in U.S. manufacturing under a deal announced with President Trump.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
US job openings barely budged in August at 7.2 million
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
Frank founder Charlie Javice gets 7 years for fraud
Charlie Javice, founder of student aid startup Frank, was sentenced to over 7 years for defrauding JPMorgan in a $175M deal.
Trump’s trade battle with China puts soybean farmers in peril
China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously, farmers face rising expenses.
Wall Street rises as tech stocks rebound ahead of jobs data
NEW YORK (AP) — Wall Street ticked higher on Monday as technology stocks recovered some of their losses from late last week. The S&P 500 added 0.3%. The Dow Jones Industrial Average rose 68 points, or 0.1%, and the Nasdaq composite climbed 0.5%. All three are near their all-time highs set a week ago. Big Tech stocks ticked […]
CSX replaces CEO amid investor pressure, names Steve Angel
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs. The outgoing CEO, who came to the railroad in 2022 after a long career […]
FAA restores Boeing’s self-certification for 737 Max, 787
The FAA restored Boeing’s authority to self-certify 737 Max and 787 jets after years of oversight, as new international aircraft orders boost sales.
Trump slaps tariffs on drugs, furniture, trucks
Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy trucks, citing national security.
