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Recent Articles from Associated Press
Federal officials to take over inspections when troubled Boar’s Head plant reopens
Federal inspectors will assume direct oversight of a troubled Boar’s Head deli meat plant when it reopens after last year’s deadly listeria outbreak, U.S. Agriculture Department officials said. The Jarratt, Virginia, factory is set to resume operations in the coming months. It will face at least 90 days of heightened monitoring and inspections by federal Food Safety and […]
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]
Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
NEW YORK (AP) — Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales — those coming from established stores and online channels. Company ex[...]
US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]
30-year mortgage rate steady at 10-month low
The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]
Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud
President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.
Trump administration eyes 10% stake in Intel amid US chip push
The Trump administration is negotiating a 10% stake in Intel by converting CHIPS Act grants. The move deepens U.S. government involvement in semiconductors as Trump pressures chipmakers to boost domestic production.
Lowe’s to buy Foundation Building Materials for $8.8 billion
Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.
Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot‘s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street‘s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a result of rising tariff costs, though they won’t be broad-based. [...]
