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Recent Articles from Associated Press
US job openings in May hit 7.8 million in a continuing display of labor market resilience
WASHINGTON (AP) — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, the Labor Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight […]
Trump ramps up attacks on the Federal Reserve but Powell sticks to ‘wait and see’ stance
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump‘s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs. Powell, speaking in Sintra, Portugal, at a conference […]
HPE settles DOJ suit over $14B Juniper deal
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation. The settlement, which is subject to court approval, calls for Hewlett […]
US stocks close at an all-time high just months after plunging on tariff fears
U.S. stocks closed at an all-time high, another milestone in a remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy. The S&P 500 rose 0.5% and finished above its previous record set in February. The Nasdaq composite gained 0.5% and set its own all-time high. […]
Pringles maker Kellanova’s shares rise after US regulators approve its proposed merger with Mars
Snack maker Kellanova’s shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn’t threaten competition in the market. Kellanova shares were up nearly 1% in morning […]
US stocks leap within a decent day of their all-time high as oil prices tumble
NEW YORK (AP) — U.S. stocks are leaping nearly to their all-time high Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 was 1.2% higher in late trading, following up on big gains for stocks across Europe and Asia, after […]
NTSB set to meet on door plug investigation of terrifying Alaska Airlines flight
The National Transportation Safety Board on Tuesday will be focused on preventing another terrifying event like the one involving a panel that flew off a Boeing 737 Max midair in January of 2024. The board will discuss what NTSB investigators have uncovered over the past 17 months, including their revelation that bolts securing what is […]
Americans’ take on the economy sours in June and, after a brief respite, continues to slide
WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago. The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which […]
Powell signals patience on rate cuts despite Trump pressure
Fed Chair Powell says rate cuts must wait, rebuffing Trump ahead of hearings.
Federal Reserve’s Bowman says rate cut should be on table in July
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not caused the jump in inflation that […]
