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Recent Articles from Associated Press
30-year mortgage rate dips slightly to 6.74%
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home […]
US stocks coast toward the finish of a record-setting week
NEW YORK (AP) — U.S. stocks are ticking toward more records on Friday and coasting toward the close of another winning week. The S&P 500 was 0.4% higher in afternoon trading, coming off its latest all-time high, and is on track to finish its fourth winning week in the last five. The Dow Jones Industrial Average was […]
Coldplay viral video prompts two executive resignations
The executive who was caught on camera embracing the CEO of her company at a Coldplay concert in a moment that went viral has resigned. The company, Astronomer, confirmed that its executive in charge of human resources has left. “Kristin Cabot is no longer with Astronomer, she has resigned,” spokesman Taylor Jones said in a […]
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
WASHINGTON (AP) — After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project. Powell pushed back, challenging the president’s latest price tag as incorrect. Wearing hard hats and grim […]
Tesla shares sink as Musk says it could face some ‘rough quarters’ ahead
NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars. Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping […]
Tesla tumbles and Alphabet rises to keep Wall Street near its records
NEW YORK (AP) — Wall Street is hanging near its records on Thursday, but the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies. The S&P 500 was 0.2% higher in morning trading after setting an all-time high the day […]
UnitedHealth says it is under a federal investigation and cooperating
Shares of UnitedHealth Group slipped Thursday after the health care giant said it was under a Department of Justice investigation. The company said it has started complying with both criminal and civil requests from federal investigators and it was cooperating with them. “(UnitedHealth) has a long record of responsible conduct and effective compliance,” the company […]
Union Pacific, Norfolk Southern confirm merger talks
Union Pacific and Norfolk Southern confirmed Thursday that they are in merger talks that would create a single U.S railroad with service stretching from the East to the West Coast. The Associated Press reported last week that the companies were discussing a tie-up but neither company confirmed until Thursday morning. The potential merger would combine the largest […]
U.S. automakers warn of fallout from Japan trade deal
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump‘s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with […]
Stocks rise to record on U.S.–Japan trade deal news
NEW YORK (AP) — U.S. stocks are ticking toward another record on Wednesday following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States. The S&P 500 was 0.5% higher, coming off its latest all-time high. The Dow Jones Industrial Average was up 431 points, […]
