Wire stories category, Page 10
Gold rises to new heights as anxiety grips markets. Here’s what you need to know
NEW YORK — Amid widespread economic turmoil, the price of gold has soared to levels never seen before. Gold futures surpassed the $3,000 per troy ounce for the first time this week. The price to buy gold on the spot market in New York is following closely behind. Interest in...
Wall Street tumbles 10% below its record for first ‘correction’ since 2023 on Trump’s trade war
NEW YORK — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is a big enough deal that professional investors have a name for it...
Wall Street rises after encouraging inflation data, but the trade war keeps knocking stocks around
NEW YORK — Stock indexes rose Wednesday after Wall Street got some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around. The S&P 500 gained 0.5% after skidding between an early gain of 1.3%...
Explainer: What’s a recession and why is rising anxiety about it roiling markets?
WASHINGTON — Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession. The tech-heavy Nasdaq stock index slipped into a correction last week, defined as a...
Trump’s efforts to help Tesla could hurt it instead
Donald Trump’s support for Elon Musk’s car company could end up hurting it. Tesla investors cheered Tuesday as Trump came to the defense of Musk’s beleaguered and boycotted carmaker by lavishing the Tesla CEO with praise in a press conference as five Teslas lined up in the White House driveway....
Money Matters: How to roll over an old 401(k)
Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your old 401(k). If deciding what to do with an old (k)...
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
NEW YORK — The stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants. The S&P 500 dropped 2.7% to drag it close to 9% below...
Walgreens agrees to be acquired by private equity firm for almost $10 billion
NEW YORK — Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just...
Mortgage rates have declined but could stay at a level that makes it tough to afford a home
LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. But the same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty...
The U.S. penny costs nearly 4 cents to make. But for 1 sector of souvenir sellers, it’s a living
NEW YORK — President Donald Trump talks of big change in his second term of office. But he’s not forgetting small change, either. Trump ordered the Treasury Department to stop making pennies with a Feb. 10 sentence on his social media account that followed years of conservatives pointing out that...
Wall Street rebounds after Trump pulls back on some of his tariffsVideo
NEW YORK — Stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher. The S&P 500 rose 1.1% to bounce back from...
TKO Group, which houses WWE and UFC, partners with Saudi entertainment authority on boxing league
NEW YORK — TKO Group, the company that houses WWE and UFC, entered a multiyear agreement with the Saudi General Entertainment Authority to create a new boxing promotion, it was announced Wednesday. Led by UFC president and CEO Dana White and WWE president and TKO board member Nick Khan, TKO...
Cybercrime crew stole then resold hundreds of tickets to Swift concerts, prosecutors say
NEW YORK — A cybercrime crew stole then resold more than 900 digital tickets to Taylor Swift concerts and other pricey events on StubHub, according to prosecutors in New York. The international scam involved people working in Jamaica for a firm contracted by the online ticket marketplace, Queens District Attorney...
BlackRock strikes deal to bring ports on both sides of Panama Canal under American control
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane. In...
Wall Street wipes out all post-election gains for S&P 500Video
Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since Election Day for the S&P 500. The Trump administration imposed tariffs on imports from Canada and Mexico starting Tuesday and doubled tariffs...
Dow drops nearly 650 as worries build about the economy as a result of Trump’s latest tariff announcementVideo
NEW YORK — Stocks tumbled Monday and wiped out out even more of their gains since President Donald Trump ’s election in November, after he said that tariffs announced earlier on Canada and Mexico would take effect within hours. The S&P 500 dropped 1.8% after Trump said there was “no...
From Alaska to Maine, communities that border Canada worry U.S. tariffs come at a personal cost
DETROIT — At the U.S. Embassy in Ottawa, a quote from former President Ronald Reagan is engraved on one wall. “Let the 5,000-mile border between Canada and the United States stand as a symbol for the future,” Reagan said upon signing a 1988 free trade pact with America’s northern neighbor....
Pennsylvania Republicans who narrowly won their House seats feel the heat of early votes back home
HARRISBURG, Pa. — Newly minted U.S. Rep. Rob Bresnahan swore he wouldn’t support gutting government benefits such as Medicaid that residents of his northeastern Pennsylvania district rely on. Then the first-term Republican voted for a bill that could do just that. Bresnahan and two other Pennsylvania Republicans won in November...
With value of running backs increasing, Ashton Jeanty and deep position group hope to cash in
INDIANAPOLIS — Heisman Trophy runner-up Ashton Jeanty noticed running back values declining just as his college career started to take off. Then he watched the resurgence of free agent acquisitions Saquon Barkley, Derrick Henry and Josh Jacobs and realized things were back on the upswing — just as Jeanty was...
Trump cutoff of humanitarian parole for immigrants from Ukraine, 6 other countries challenged
MIAMI — A group of American citizens and immigrants is suing the Trump administration for ending a long-standing legal tool presidents have used to allow people from countries where there’s war or political instability to enter and temporarily live in the U.S. The lawsuit filed late Friday night seeks to...
Texas GOP leaders defend appointee after tense exchange over diversity hiring
AUSTIN, Texas — An appointee of Texas Gov. Greg Abbott wiped away tears and gave an emotional defense of her credentials after a tense exchange over diversity hiring policies, which was later followed by the state’s top Republicans rushing to support her publicly. Texas Water Board Development Chair L’Oreal Stepney,...
No big new revelations in Justice Department’s release of Jeffrey Epstein files
WASHINGTON — Attorney General Pam Bondi on Thursday released government documents related to wealthy financier Jeffrey Epstein, but the first wave of files posted on the Justice Department website have largely been circulating in the public domain for years and didn’t include any new bombshells about the sex trafficking case...
Chiefs tight end Travis Kelce plans to play next season rather than retire
KANSAS CITY, Mo. — Kansas City Chiefs tight end Travis Kelce plans to play next season rather than retire. The 35-year-old Kelce had been mulling whether to return for a 13th season. But the four-time All-Pro made his feelings clear in a text to Pat McAfee that the host read...
Former defense chiefs call for congressional hearings on Trump’s firing of senior military leaders
WASHINGTON — Five former secretaries of defense are calling on Congress to hold immediate hearings on President Donald Trump’s recent firings of the chairman of the Joint Chiefs of Staff and several other senior military leaders, according to a letter obtained by The Associated Press. The five men — who...
Cardinal McElroy calls for compassion in immigration policy as he prepares to lead in Washington
Cardinal Robert McElroy, who is getting ready to take over as archbishop of Washington, D.C. in March, called for compassion and dignity for migrants Thursday. Speaking at a news conference at the Diocese of San Diego, where he has served as bishop for over a decade, McElroy acknowledged that he...
