Former Chesapeake police officer among local suspects in massive Iowa drug bust

NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices […]

Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of […]

Stocks edged lower on Wall Street Thursday morning as U.S. markets reopened for trading after the Christmas holiday. The S&P 500 fell 0.2%. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was down 64 points, or 0.2%, as of 10:02 a.m. Eastern time. The Nasdaq composite fell 0.4%. […]

DETROIT (AP) — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds. In a milestone for China, the world’s biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in […]

WASHINGTON (AP) — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21, the Labor Department reported Thursday. That’s fewer than the 223,000 analysts forecast. Continuing claims, […]

TOKYO (AP) — A government-commissioned panel of experts on Wednesday largely supported Japan’s new energy policy for the next few years that calls for bolstering renewables up to half of electricity needs by 2040 while maximizing the use of nuclear power as the country seeks to accommodate the growing power demand in the era of […]

BANGKOK (AP) — Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan’s Nikkei 225 index edged 0.1% lower to 38,997.02, while the Shanghai Composite index lost 0.2% to 3,387.41. Thursday will bring a weekly update on U.S. unemployment benefits. Also […]

WASHINGTON (AP) — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered […]

Technology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas. The S&P 500 rose 1.1% for its third-straight gain. The Dow Jones Industrial Average added 0.9%, and the tech-heavy Nasdaq composite climbed 1.3%. While Big Tech companies, including Apple, Amazon and chip company Broadcom helped push the […]

A recent survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record […]

WASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal. The Committee on Foreign Investment in the United States, […]

WAILUKU, Hawaii (AP) — The Lahaina home Tamara Akiona shared with 10 people was never quiet, and she loved it that way. Akiona, her husband, uncle, stepdaughter, and her best friend’s family filled the house once owned by her grandparents, with four bedrooms, two living rooms and a spacious backyard. She remembers the happy anticipation […]

Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose […]

A five-day strike by Starbucks baristas had closed 59 stores as of Monday afternoon, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and Starbucks’ hometown of Seattle, spread Monday to stores in Boston, Dallas and Portland, Ore. Workers in New York, Denver, Pittsburgh and other cities had […]

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition. Public companies are under a lot more scrutiny and if private, the Nordstrom may have more leeway in […]

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan […]

Government safety regulators said Monday they have closed an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. In 2018, Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years because they could lose power. The issue was a malfunctioning canister purge […]

PUERTO JIMÉNEZ, Costa Rica (AP) — The endangered Geoffrey’s spider monkeys that dangle high in the rainforest canopy are elusive and hard for scientists to track. So biologist Jenna Lawson hid 350 audio monitors in trees across Costa Rica’s lush Osa Peninsula to spy on them. The devices recorded the sounds of the forest and […]

American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise to a reading of 113.8. Consumers had been feeling increasingly confident in recent months, spending more in the […]