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May home sales barely move as high mortgage rates, prices, weigh on housing market
NEW YORK (AP) — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase. Existing home sales rose 0.8% last month from April to a seasonally adjusted annual rate o[...]
Experts urge Boeing 737 Max engine fix after bird strikes
Safety experts recommended Wednesday that the engines on Boeing’s troubled 737 Max airplanes be modified quickly to prevent smoke from filling the cockpit or cabin after a safety feature is activated following a bird strike. The problem detailed by the National Transportation Safety Board emerged after two bird strikes inv[...]
Aflac finds suspicious activity on US network that may impact Social Security numbers, other data
Aflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry. The company said Friday that the intrusion was stopped within hours. “We continue to serve o[...]
Borrowers looking for lower costs will have to wait as the Fed is unlikely to cut rates
WASHINGTON (AP) — The inflation-fighters at the Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time. That’s likely to shift attention to how many interest rate cuts they forecast for this year. It’s widely expected that the 19 Fed officials that participate[...]
US unemployment ticked down, hovering at historically low levels
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday. U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last week’s claims to match that at 250,000. The four-we[...]
Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty
Google, Alphabet Inc., antitrust, monopoly, search engine, digital ads, employee buyouts, DOJ lawsuit, tech layoffs, artificial intelligence
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs
U.S. retail sales fell 0.9% in May as consumers pulled back following Trump’s tariff hikes, with auto sales taking the biggest hit.
The Trump family’s next venture, a mobile phone company
Trump Organization announces new U.S.-based mobile phone company, adding to recent global real estate deals in Qatar and Vietnam.
G7 summit begins amid global conflict, trade tensions
KANANASKIS, Alberta (AP) — When U.S. President Donald Trump last came to Canada for a Group of Seven summit, the enduring image was of him seated with his arms folded defiantly as then-German Chancellor Angela Merkel stared daggers at him. If there is a shared mission at this year’s G7 summit, which begins Monday [...]
Oil prices jump 7% as Israel-Iran conflict spooks markets
NEW YORK (AP) — Oil prices are leaping, and stocks are falling Friday on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy. The S&P 500 dropped 1.2% and was on track to wipe out its[...]
Consumer sentiment rises in June after six-month slump
WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michi[...]
JetZero plans to build $4.7B plant in North Carolina, aims to create 14,500 jobs
GREENSBORO, N.C. (AP) — JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startup intends to build the factory at Greensboro’s a[...]
