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Trump announces $20B US investment by Emirati businessman WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family. The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump’s personal ability to […]
Stock market today: Wall Street feels the pressure … NEW YORK (AP) — Good news for the U.S. economy may be reverting to bad news for Wall Street, and U.S. stock indexes are feeling pressure on Tuesday from better-than-expected reports on the job market and business activity. The S&P 500 swung to a loss of 0.3% in midday trading after losing an earlier, small […]
US job openings rise unexpectedly to 8.1 million … WASHINGTON (AP) — U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most since February and up from 7.8 million in October, the Labor Department reported Tuesday. They were down from 8.9 million a […]
US dockworkers threaten to strike against automation, … WASHINGTON (AP) — Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut down ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House. If the standoff sounds familiar, it’s because […]
Jimmy and Rosalynn Carter left behind enduring nonprofits … President Jimmy Carter ‘s legacy of giving back endures in several nonprofits he and his wife, Rosalynn Carter, supported for the almost 50 years after they left the White House. In Los Angeles on Monday, members of Habitat for Humanity of Greater Los Angeles signed wooden two-by-fours that will be used in a new house […]
Chinese tech companies Tencent, CATL and others protest … HONG KONG (AP) — The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL, to a list of companies it says have ties to China’s military, prompting some to protest and say they will seek to have the […]
US rejection of Nippon Steel’s bid for US Steel rankles … BANGKOK (AP) — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia. There have been plenty of scraps over trade in the past few decades, and Secretary of […]
Nippon Steel stands firm on a US Steel takeover and … TOKYO (AP) — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. “There is no reason or need to give up,” he told reporters at company headquarters in Tokyo. “We are convinced it’s clearly […]
Stock market today: Nvidia and other tech stocks … NEW YORK (AP) — Rising technology stocks on Monday helped U.S. indexes recover some more of their holiday-season slide that bridged the new year. The S&P 500 added 0.6% for a second straight gain following five straight losses, its longest losing streak since April. The Dow Jones Industrial Average lost an early gain to slip […]
Top Federal Reserve bank regulator, under fire from … WASHINGTON (AP) — The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Joe Biden that he would step down as vice chair for supervision Feb. 28, […]
Winter weather can disrupt. Here’s what to do if … Winter weather often causes flight delays and cancellations. While airlines can’t control the weather, they are required in the U.S. to provide refunds to customers whose flights are canceled. Here’s what to know about your rights, and what to know when cancellations start piling up: Keep an eye on weather forecasts When airlines expect bad […]
Nippon, US Steel file suit against Biden administration, … WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon’s proposed $15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout. In moving to block the transaction Friday, […]
What to know about the Meta glasses the New Orleans … NEW YORK (AP) — The man who drove a truck into a crowd of people in New Orleans on New Year’s Day, killing 14, had previously scouted the French Quarter and recorded video with his Meta smart glasses, the FBI said. On Oct. 31, Shamsud-Din Jabbar recorded video with the glasses as he cycled through […]
Syria’s foreign minister visits Qatar as new authorities … DAMASCUS, Syria (AP) — Syria’s new foreign minister met with his Qatari counterpart and Qatar’s prime minister in Doha on Sunday, as Syria’s new de facto authorities under Hayat Tahrir al-Sham, or HTS, establish diplomatic ties with regional and global governments. Foreign Minister Asaad al-Shibani posted on X that he’s also set to visit Jordan […]
Venezuela opposition leader recognized by US as election … BUENOS AIRES, Argentina (AP) — Venezuelan opposition leader Edmundo González, who the United States recognized as the winner of last year’s presidential election, kicked off an international tour on Saturday that will take him to Washington just days before President Nicolás Maduro is set to be sworn in for a third term in defiance of […]
Stock market today: S&P 500 rallies to its first … NEW YORK (AP) — Wall Street snapped out of its holiday-season funk on Friday. The S&P 500 rallied 1.3% for its first gain since Christmas and its best day in nearly two months. Strength for Big Tech stocks helped it break a five-day losing streak, its longest since April, and trim its loss for the […]
US new vehicle sales rose 2.7% last year as prices … DETROIT (AP) — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Industry analysts say discounts such as rebates and low-interest financing should get even better as 2025 rolls along, with the biggest deals to be had […]
A major airline is being fined for chronic flight … The Transportation Department said Friday it will hit JetBlue Airways with a $2 million penalty for chronically late flights along the East Coast, and half the money will go to passengers who were delayed. The agency said it’s the first time it has fined an airline for chronic delays on specific routes, which it blamed […]
Rise of US Steel paralleled the arrival of the United … President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel on Friday — something he had first vowed to do in March. His decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach consensus on the possible national security risks of the […]
What to know about Apple’s $95 million settlement … Apple has agreed to pay $95 million to settle a lawsuit that accused the company of turning its virtual assistant Siri into a snoop that eavesdropped on the users of iPhones and other trendy devices in a betrayal to its long-standing commitment to personal privacy. The proposed settlement filed in federal court earlier this week […]
