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Recent Articles from Associated Press
Key US inflation gauge holds mostly steady though core inflation ticks higher
The Fed’s preferred inflation gauge held at 2.6% in July, though core inflation ticked up, keeping rates steady despite Trump’s tariffs.
Stocks slip on Wall Street after record highs
U.S. stocks fell Friday, with the S&P 500 down 0.7% after record highs. August still marks its fourth straight month of gains.
Trump extends control over Washington by taking management of Union Station away from Amtrak
WASHINGTON (AP) — President Donald Trump’s administration is taking management of Union Station away from Amtrak in the latest example of the federal government exerting its power over the nation’s capital. Transportation Secretary Sean Duffy announced the takeover Wednesday alongside Amtrak President Roger Harris at Washington’s main transportation hub during the launc[...]
Cracker Barrel had good reasons to rebrand.
Like its namesake barrels that transported soda crackers until boxes replaced them, Cracker Barrel needed to change. The restaurant chain’s new CEO, Julie Felss Masino, laid out the argument to investors last year: Cracker Barrel’s customer traffic was down 16% compared to 2019. Research showed consumers thought the brand fell short of competitors in essential ways, from […]
Wall Street edges higher and pushes S&P 500 to another record
Modest gains on Wall Street lifted the stock market to an all-time high Wednesday ahead of a highly anticipated earnings update from computer chip giant Nvidia. The S&P 500 rose 0.2%, good enough to nudge the benchmark index past the record high it set two weeks ago. The Dow Jones Industrial Average rose 0.3% and the […]
Nvidia’s latest quarter shows signs of slowing AI chip sales amid concerns of tech bubble
SAN FRANCISCO (AP) — Nvidia’s sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated during the company’s latest quarter, a letdown likely to stoke worries that the AI craze has been fool’s gold. The results announced Wednesday were hotly anticipated because Nvidia has emerged as a bellwether of a two-year-old […]
Wall Street holds steady just below recent records
U.S. stocks held near breakeven Tuesday with the S&P 500 up 0.1% as Boeing rose 2% on a $50B Korean Air order for over 100 aircraft.
Trump administration threatens some funding for 3 states for not enforcing trucker English rules
Transportation Secretary Sean Duffy says California, Washington and New Mexico risk losing federal funds over trucker English enforcement.
U.S. consumer confidence dips in August on job worries
Americans’ confidence in the economy slipped in August as job market concerns rose, with the index falling to 97.4 from 98.7 in July.
AT&T snatches up wireless spectrum licenses from EchoStar for $23 billion
AT&T will spend $23 billion to acquire certain wireless spectrum licenses from EchoStar, a significant expansion of AT&T‘s low- and mid-band coverage networks. AT&T said Tuesday that the licenses cover virtually every U.S. market — more than 400 total — which the company plans to deploy as soon as possible to lure more home internet subscribers […]
