Military Minute: Sailors recognized for their hard work

NEW YORK (AP) — U.S. stocks are rising Thursday after more companies said they’re making fatter profits than expected. Market superstar Nvidia also topped forecasts, but Wall Street’s ambivalence about whether the heavyweight’s report was impressive enough is keeping indexes in check. The S&P 500 was 0.6% higher, as of 1:02 p.m. Eastern time, following […]

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.29%. Borrowing costs on 15-year fixed-rate […]

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, […]

WASHINGTON (AP) — The U.S. House passed legislation Thursday that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism, alarming civil liberties groups about how a second Trump presidency could invoke it to punish political opponents. The bill passed 219-184, with the majority of the support […]

U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled Google maintained an illegal monopoly for the last decade. The sweeping set of recommendations filed late Wednesday by the U.S. Department of Justice could radically alter Google’s business, including possibly spinning off the Chrome web browser […]

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of record after record highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000. Cryptocurrencies and a handful of related investments like exchange-traded funds have […]

The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index. There’s no surefire way to rank global AI leadership but Stanford researchers have made an attempt by measuring the “vibrancy” of the AI industry across various […]

The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows. The Labor Department reported Thursday that jobless claim applications fell by 6,000 to 213,000 for the week of Nov. 16. That’s fewer than the 220,000 analysts forecast. However, continuing claims, the total number of Americans collecting jobless benefits, rose […]

BAKU, Azerbaijan (AP) — In the sprawling pavilion section of the United Nations climate talks, where countries, nonprofits and tech companies use big, flashy signs to get the attention of the thousands of people walking through, small aqua and purple beverage cans sit conspicuously on a counter at the Singapore display. Those who approach learn […]

LAS VEGAS (AP) — Federal water officials made public on Wednesday what they called “necessary steps” for seven states and multiple tribes that use Colorado River water and hydropower to meet an August 2026 deadline for deciding how to manage the waterway in the future. “Today we show our collective work,” Bureau of Reclamation Commissioner […]

Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party service included an algorithm designed to score rental applicants, which became the subject of a class action lawsuit, […]

TORONTO (AP) — The leader of Canada’s most populous province said Wednesday that all of the country’s provincial and territorial governments want Prime Minister Justin Trudeau’s federal government to negotiate a bilateral trade deal with the United States that excludes Mexico. Ontario Premier Doug Ford chaired a phone call with all 13 provincial and territorial […]

Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue nearly doubled in the latest quarter from the same period a year earlier, Nvidia reported Wednesday. The company expects further revenue growth in the […]

WASHINGTON (AP) — Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant’s heart as consumers increasingly swap out their cable TV subscriptions for streaming platforms. Those one-time stars for Comcast’s NBCUniversal cable television networks include USA, Oxygen, E!, SYFY and Golf Channel, as […]

Even though sales of electric vehicles aren’t growing as fast as in past years and President-elect Donald Trump may ditch tax credits for EV buyers, automakers are moving ahead with new models that should appeal to mainstream buyers. Family haulers are the latest to see a new entry, with Hyundai unveiling the Ioniq 9 electric […]

FRANKFURT, Germany (AP) — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said Wednesday most of the job cuts would come in Germany […]

SAN FRANCISCO (AP) — President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term. What that actually means for the future of AI technology remains to be seen. Among those who could use some clarity are the government scientists and […]

LOS ANGELES (AP) — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. For the three months that ended Oct. 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, up 94% from $18.12 billion […]

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund, was sentenced to 18 years in prison on Wednesday for securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars. Bill Hwang was told the length of the prison term in Manhattan federal court […]