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Recent Articles from Associated Press
US mortgage rates fall to 6.19%, nearing yearly low
U.S. mortgage rates dropped to 6.19%, the lowest since October, boosting buying power as Fed rate cuts loom and housing demand improves.
Hearing probes evidence in CEO killing suspect’s arrest
NEW YORK (AP) — Minutes after police approached Luigi Mangione in a Pennsylvania McDonald’s, he told an officer he didn’t want to talk, according to video and testimony at a court hearing Thursday for the man charged with killing UnitedHealthcare CEO Brian Thompson. Although some video and accounts of police interactions with Mangione emerged earlier in this week’s hearing,[...]
Jobless claims fall to 3-year low ahead of Fed decision
WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, the […]
AMC Entertainment CEO remains in charge of world’s largest theater chain after stroke
WASHINGTON (AP) — AMC Entertainment CEO Adam Aron suffered a minor stroke last month but is recovering rapidly and will continue to lead the world’s biggest movie theater chain, the company said Thursday. Aron, 71, suffered the stroke while on a business trip in London, where he immediately received emergency medical care, the company said. […]
Macy’s reports surprise Q3 profit, lifts annual outlook
NEW YORK (AP) — Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. Macy’s raised its financial guidance for the year, but its outlook for the crucial fourth quarter was more reserved, […]
Bessent seeks residency rule for Fed regional presidents
WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency. In comments at the New York Times’ DealBook […]
UPS put profits over safety before plane crash that killed 14, lawyer alleges
A deadly UPS cargo plane crash in Kentucky stemmed from from corporate choices that favored profits over safety, according to a lawyer who filed two wrongful death lawsuits Wednesday, which allege the company kept flying older aircraft without increasing maintenance beyond what’s regularly scheduled. Last month’s fiery crash happened during takeoff after the plane’s left engi[...]
Trump plan would roll back US vehicle mileage rules
WASHINGTON (AP) — President Donald Trump is expected to announce a proposal Wednesday to weaken vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks, according to several people familiar with the White House plans. The proposal would significantly reduce fuel economy requirements, which set [...]
Wall Street holds steadier as bond yields and bitcoin stabilize
NEW YORK (AP) — The U.S. stock market held steady on Tuesday as both bond yields and bitcoin stabilized. The S&P 500 rose 0.2% following its first loss in six days. The Dow Jones Industrial Average added 185 points, or 0.4%, and the Nasdaq composite gained 0.6%. Boeing soared 10.1% and was one of the strongest forces lifting […]
Costco seeks refunds as Trump tariffs face high court
WASHINGTON (AP) — Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump‘s most sweeping import taxes. They’re going to court to demand refunds on the tariffs they’ve paid. The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal […]
