What the Lehecka: Summer Solstice

Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies. The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash and the assumption of approximately $12.7 billion of Calpine debt. When accounting for cash expected to be generated by […]

Delta Air Lines topped profit and revenue expectations in the fourth quarter on strong demand during the crucial holiday period. Delta said Friday that travel demand picked up throughout the quarter. During November and December, the airline said that it saw four of the top 10 revenue days in its history and double-digit growth in […]

BANGKOK (AP) — European shares opened higher on Friday and Asian stocks retreated after U.S. markets were closed to observe a National Day of Mourning for former President Jimmy Carter. Germany’s DAX was flat at 20,316.29, while the CAC 40 in Paris slipped 0.1% to 7,486.82. In London, the FTSE edged 0.1% lower, to 8,312.55. […]

WASHINGTON (AP) — Getting a clear view of the U.S. job market hasn’t been easy the past few months. Hurricanes and a big strike at Boeing threw off the October jobs numbers, pushing them down and setting up a payback rebound in November that likely exaggerated the strength of hiring. The December jobs numbers, out […]

UNITED NATIONS (AP) — The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025, the United Nations said Thursday. In “World Economic Situation and Prospects 2025,” U.N. economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China […]

SACRAMENTO, Calif. (AP) — The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to […]

Major fires across Los Angeles this week have killed at least five people, forced 180,000 to flee their homes, and destroyed thousands of structures. Here are some of the organizations accepting support for those impacted: Children Project Camp: The Los Angeles-based organization runs trauma-informed pop-up day camps for children displaced or out of school due […]

BANGKOK (AP) — World shares were mixed on Thursday as the U.S. stock market remained closed to observe a National Day of Mourning for former President Jimmy Carter. London’s FTSE 100 climbed 0.8% to 8,319.69 as the value of the British pound slid against the U.S. dollar amid worries about the United Kingdom’s economy and […]

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement, Hochul said she would propose legislation this year that would require a 75 day waiting period before […]

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.66% a year ago. It has risen for four straight weeks. The uptick in […]

NEW YORK (AP) — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through September 2024, according to the Financial Times, citing data analyzed by BankRegData. With high levels of credit card debt and high inflation, […]

NEW YORK (AP) — When Justin Stewart started his career, he juggled several jobs to make ends meet. He poured himself into his full-time role as a news show production assistant from 3 a.m. until noon. Then he rushed to the airport where he rented cars or to the big box stores where he pulled […]

NEW YORK (AP) — Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. S&P Global Mobility expects global sales of 15.1 million battery electric vehicles in 2025, which would mark a 30% jump. Battery electric vehicles are expected to make up 16.7% of […]

LONDON (AP) — The new year is always a good time to make a fresh start — including with your email inbox. To kick off 2025 with a clean slate, why not clear out all those unnecessary and unwanted messages? If you’re anything like me, you’ll have piles of messages that have been accumulating in […]

WASHINGTON (AP) — President-elect Donald Trump likes the idea of “one, big beautiful bill” for his top legislative priorities, but he emerged from a lengthy closed-door meeting with Republican senators late Wednesday open to other strategies as GOP leaders strain to develop a plan before the party gains full power in Washington. Trump said it […]

U.S. longshoremen reached a contract agreement with ports and shippers Wednesday, averting a potential strike that could have damaged the American economy. The International Longshoremen’s Association union and the U.S. Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead of a Jan. 15 […]

WASHINGTON (AP) — The Service Employees International Union is returning to the AFL-CIO after 20 years, betting that a united labor movement will do more to help workers overcome legal challenges to organize and join unions. The union groups’ executive boards each unanimously approved the combination on Wednesday, with plans to formally announce the affiliation […]

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s new governor appointed a so-called energy czar on Wednesday to help pull the U.S. territory out of a power-supply crisis. The nomination of Josué Colón comes days after a massive blackout hit the island, leaving nearly all its 3.2 million inhabitants in the dark as they prepared […]

NEW YORK (AP) — Wall Street held firmer on Wednesday, a day after strong reports on the economy hurt U.S. stocks by stirring up worries that inflation and interest rates may remain higher than expected. The S&P 500 rose 0.2% to recover a bit of its 1.1% slump from the day before. The Dow Jones […]

SANTA FE, N.M. (AP) — Advocates for limits on indiscriminate outdoor lighting that are obscuring night skies worldwide are recognizing efforts by an oil and natural gas developer to reduce scattered light in New Mexico. DarkSky International, an advocacy group for preserving views of starry skies, on Wednesday announced its first-ever certification of oil and […]