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2 hours ago

Stock market today: World shares retreat, though China stocks are lifted by new property measures

World shares are mostly lower though Chinese stocks reversed earlier losses following the announcement of fresh measures to revive the ailing property market
2 hours ago
Passersby look at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, May 17, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)
3 hours ago

China is expected to announce new measures to fix its property crisis, spur growth

China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in April
3 hours ago
A delivery worker pushes a cart loaded with goods as women shop for shoes at Ritan International Trade Center in Beijing on Wednesday, May 15, 2024. Data released on Friday, May 17 showed housing prices in China slumped for the first four months of the year, although factory output rose nearly 7%, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. (AP Photo/Andy Wong)
4 hours ago

NRA kicks off annual meeting as board considers successor to longtime leader Wayne LaPierre

The National Rifle Association is kicking off its annual meeting in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm as board members prepare to elect his replacement
4 hours ago
FILE - Former President Donald Trump reacts to the crowd before speaking during the National Rifle Association Convention, Friday, April 14, 2023, in Indianapolis. The National Rifle Association is kicking off its annual meeting Friday, May 17, 2024, in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm, as board members prepare to elect his replacement. (AP Photo/Darron Cummings, file)
May 17

UAW's push to unionize factories in South faces latest test in vote at 2 Mercedes plants in Alabama

The United Auto Workers union faces the latest test of its ambitious plan to unionize auto plants in the historically nonunion South when a vote ends at two Mercedes-Benz factories near Tuscaloosa, Alabama
May 17
FILE - United Auto Workers union supporters attend a rally, Saturday, May 4, 2024, in Birmingham, Ala. The United Auto Workers union faces the latest test of its ambitious plan to unionize auto plants in the historically nonunion South when a vote ends Friday, May 17, at two Mercedes-Benz factories near Tuscaloosa, Ala. (AP Photo/Kim Chandler, File)
May 17

Taiwan is selling more to the US than China in major shift away from Beijing

Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States
May 17
May 16

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia
May 16
May 16

Google wants judge, not jury, decide upcoming antitrust case in Virginia

Google is asking that a federal judge, rather than a jury, decide whether it violated U.S. antitrust laws by building a monopoly on the technology that powers online advertising
May 16
FILE - The Google logo is seen at the Google headquarters in Brussels, March 23, 2010. Google is asking that a federal judge, rather than a jury, decide whether it violated U.S. antitrust laws by building a monopoly on the technology that powers online advertising. (AP Photo/Virginia Mayo, File)
May 16

Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers
May 16
May 16

Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men

Six men face charges in connection with the theft of more than 400 vehicles worth about $8 million in Michigan
May 16
May 16

US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil

US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil
May 16
May 16

Joint streaming venture involving ESPN, Fox, Warner Bros. Discovery will be called Venu Sports

The sports streaming platform planned by ESPN, Fox and Warner Bros
May 16
May 16

Philadelphia still the 6th-biggest U.S. city, but San Antonio catching up, census data shows

New federal estimates show Philadelphia remains the nation’s sixth-most-populous city, despite a decline in population throughout the pandemic
May 16
May 16

The Dow crosses 40,000 for the first time in history

The Dow is now up about 6% so far this year.
May 16
Traders work on the floor of the New York Stock Exchange (NYSE) on May 16, 2024 in New York City.
May 16

How major US stock indexes fared Thursday, 5/16/2024

U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time
May 16
May 16

Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers

The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons pr...
May 16
FILE - The seal for the Justice Department is photographed in Washington, Nov. 18, 2022. The Justice Department has announced three arrests in a complex stolen identity scheme that officials say generates enormous proceeds for the North Korean government, including for its weapons program. (AP Photo/Andrew Harnik, File)
May 16

McDonald's plans $5 US meal deal next month to counter customer frustration over high prices

McDonald’s is planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices
May 16
FILE - The McDonald's restaurant logo and golden arch is lit up, April 20, 2006, in Chicago. McDonald’s plans to introduce a $5 meal deal in the U.S. in June 2024 to counter slowing sales and customers’ frustration with high prices. (AP Photo/Jeff Roberson, File)
May 16

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery rose 60 cents to $79.23 per barrel Thursday
May 16
May 16

More trouble in Belgium for Miami-based 777 Partners after court authorizes seizure of assets

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard Liège and several other soccer clubs
May 16
FILE - Josh Wander, CEO of the 777 Partners Group, speaks at a press conference on the entry as new investor for Bundesliga soccer club Hertha BSC in Berlin, Germany, Monday, March 13, 2023. An Australian airline grounded. A lawsuit in a federal court in New York alleging $600 million fraud. A long-stalled bid to buy English Premier League soccer club Everton. These are troubled times for Miami-based investment group 777 Partners, one of the wave of United States owners in European soccer, bringing more anxiety for fans of its teams in several countries. On Tuesday, May 7, 2024, financial administrators of the collapsed 777-owned Australian airline Bonza confirmed all flights are canceled for one more week. (Andreas Gora/dpa via AP, file)
May 16

Donor and consultant convicted again of trying to bribe North Carolina's insurance commissioner

A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state's insurance commissioner to secure preferential regulatory treatment for his insurance business
May 16
FILE - This undated photo provided by Robert Brown Public Relations shows Greg Lindberg. (Robert Brown Public Relations/Greg Lindberg via AP, File)
May 16

Dow hits 40,000 for the 1st time

This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S.
May 16
VIDEO: Dow hits 40,000 for the 1st time
May 16

US proposes ending new federal leases in nation's biggest coal region

The Biden administration has proposed an end to new coal leasing from federal reserves in the most productive coal mining region of the U.S. The move announced Thursday would limit future climate-changing greenhouse gas emissions from burning the fuel
May 16
FILE - A mechanized shovel loads coal from an 80-feet thick seam into a haul truck at Cloud Peak Energy's Spring Creek mine, Nov. 15, 2016, near Decker, Mont. Republicans in Congress say a Biden administration proposal on Thursday, May 16, 2024, to stop future coal leasing in the Powder River Basin of Montana and Wyoming could harm the industry. (AP Photo/Matthew Brown, File)
May 16

The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)

Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing
May 16
FILE - A screen shows the Dow Jones industrials at in Seoul, South Korea on Aug. 9, 2011. Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing. But its importance is on the wane. (AP Photo/Lee Jin-man, File)
May 16

Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift

The Justice Department has formally moved to reclassify marijuana as a less dangerous drug, a historic shift in generations of U.S. drug policy
May 16
FILE - Cannabis clones are displayed for customers at Home Grown Apothecary, April 19, 2024, in Portland, Ore. The Justice Department has formally moved to reclassify marijuana as a less dangerous drug in a historic shift to generations of drug policy in the United States. A proposed rule sent Thursday to the federal register recognizes the medical uses of cannabis and acknowledge it has less potential for abuse than some of the nation’s most dangerous drugs. (AP Photo/Jenny Kane, File)
May 16

Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy

Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy
May 16
May 16

Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall, Thursday, 5/16/2024

Stocks that traded heavily or had substantial price changes on Thursday: Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall
May 16
May 16

Netflix signs deal to broadcast live NFL games

The streaming giant is set to air football games on Christmas Day over the next three seasons.
May 16
Netflix signs deal to broadcast live NFL games
May 16

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week
May 16
FILE - The Federal Deposit Insurance Corporation (FDIC) seal is shown outside its headquarters, March 14, 2023, in Washington. An independent review released Tuesday, May 7, 2024, of the Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation. (AP Photo/Manuel Balce Ceneta, File)
May 16

United Airlines says it has regained some privileges that were suspended after problem flights

United Airlines says it can plan for growth again as federal regulators continue their review of the airline's operations
May 16
A United Airlines jetliner taxis at Denver International Airport Tuesday, April 16, 2024, in Denver. (AP Photo/David Zalubowski)
May 16

Long-term mortgage rates retreat for second straight week, US average at 7.02%

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply
May 16
FILE - Townhouses under construction are shown in Cranberry Township, Pa., on March 29, 2024. On Thursday, May 16, 2024, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Gene J. Puskar, File)
May 16

Driver killed in incident at Arizona facility that is being built by a Taiwanese semiconductor giant

Authorities say a truck driver has been killed after a tank holding waste material depressurized at a Phoenix facility that is being built for a Taiwanese semiconductor giant
May 16
May 16

EA Sports College Football 25 comes out on July 19. Edwards, Ewers, Hunter are on standard cover

EA Sports has revealed an image of the College Football 25 cover that features Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado two-way player Travis Hunter
May 16
This combo of images provided by EA Sports, shows the video game covers for the new standard edition College Football 25, left, and Deluxe Edition College Football 25, featuring Texas' Quinn Ewers, Colorado's Travis Hunter, and Michigan's Donovan Edwards. (EA Sports via AP)
May 16

Dow Jones Industrial Average crosses 40,000 points for the first time

Dow Jones Industrial Average crosses 40,000 points for the first time
May 16
May 16

Teen who ate spicy tortilla chip died of high chile consumption and had a heart defect, autopsy says

An autopsy of a Massachusetts teen who died after participating in a spicy tortilla chip challenge says his death was caused by eating a large quantity of chile pepper extract
May 16
FILE - A Paqui One Chip Challenge chip is displayed in Boston, Friday, Sept. 8, 2023. A medical examiner says a Massachusetts teen who participated in a spicy tortilla chip challenge died from ingesting a substance “with a high capsaicin concentration,” according to autopsy results The Associated Press obtained late Wednesday, May 15, 2024. Capsaicin is a chili pepper extract. Harris Wolobah died on Sept. 1, 2023, after eating the chip. (AP Photo/Steve LeBlanc, File)
May 16

Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge

Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge
May 16
May 16

Dow Jones Industrial Average crosses 40,000 points for the first time

Dow Jones Industrial Average crosses 40,000 points for the first time
May 16
May 16

Uber announces launch of new shuttle service

The service plans to launch this Summer in Chicago, Pittsburgh, Charlotte and Miami.
May 16
Uber announces launch of new shuttle service
May 16

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers
May 16
FILE - The U.S. Supreme Court is seen, April 25, 2024, in Washington. (AP Photo/Mariam Zuhaib)
May 16

Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack

Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack
May 16
May 16

US applications for jobless benefits come back down after last week's 9-month high

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced
May 16
A hiring sign is displayed at a restaurant in Northbrook, Ill., Thursday, May 2, 2024. On Thursday, May 16, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh)
May 16

Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops
May 16
FILE - In this Feb. 23, 2018 file photo, John Deere products, including a toy tractor on the sign, are on display at the "Spring into Spring" home and garden trade show in Council Bluffs, Iowa, Deere & Co. posted strong quarterly results, but shares slid early after the agricultural machinery company cut its forecast for 2024 in what is expected to be a tight year for farmers. (AP Photo/Nati Harnik, FIle)
May 16

The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report

White men are most likely to lead the largest, best-funded nonprofits, while women of color tend to lead the organizations with the fewest financial resources, according to a study from the nonprofit data research organization Candid released Thursday
May 16
Candid CEO Ann Mei Chang poses for a photo at the nonprofit's headquarters on Wednesday, Jan. 31, 2024, in New York. Chang, CEO since 2021, believes her organization can help the philanthropic sector work more efficiently by making more data from donors and grantees available to the public.(AP Photo/Peter K. Afriyie)
May 16

Facebook and Instagram face fresh EU digital scrutiny over child safety measures

The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platforms
May 16
FILE - The Meta logo is seen at the Vivatech show in Paris, France, Wednesday, June 14, 2023. The European Union opened fresh investigations Thursday, May 16, 2024 into Facebook and Instagram over suspicions that they're failing to protect children online, in violation of the bloc's strict digital regulations for social media platforms. (AP Photo/Thibault Camus, File)
May 16

Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue

Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high
May 16
FILE - A worker carries bananas inside the Walmart Supercenter on Feb. 9, 2023, in North Bergen, New Jersey. Walmart reports earnings on Thursday, May 17, 2024. (AP Photo/Eduardo Munoz Alvarez, File)
May 16

Takeaways from the AP's investigation into how US prisoners are hurt or killed on the job

An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers
May 16
FILE - *Inmate firefighter David Clary, 41, with the Mount Gleason Conservation Camp 16, walks down a steep hill after eight hours of fighting a wildfire in the Angeles National Forest near Azusa, Calif., Saturday, Sept. 5, 2009. California currently has about 1,250 prisoners trained to fight fires and has used them since the 1940s. It pays its "Angels in Orange" $2.90 to $5.12 a day, plus an extra $1 an hour when they work during emergencies. (AP Photo/Jae C. Hong, File)
May 16

US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?

An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers
May 16
Marco Sanchez walks the streets of Paducah, Ky., on Wednesday, Nov. 22, 2023, after being released from McCracken County Jail. Sanchez risked his life to pull fellow employees from the debris of the Kentucky candle factory which was destroyed by a tornado in 2021 where he was on work release. (AP Photo/Jeff Roberson)
May 16

Finnish carrier will resume Estonia flights in June after GPS interference prevented landings

Finland’s national carrier Finnair is resuming flights to Estonia’s second largest city in June after two of its planes were prevented from landing in Tartu last month because of GPS disruptions
May 16
FILE - A Finnair plane lands at the Helsinki International Airport in Vantaa, Finland, Monday, April 19, 2010. Finland’s national carrier Finnair said Thursday, May 16, 2024, that it is resuming flights to Estonia’s second largest city in June after two of its planes were prevented from landing in Tartu last month because of GPS disruptions. (Jussi Nukari/Lehtikuva via AP, File)
May 16

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031
May 16
Logos of Honda Motor Co. are pictured in Tsukuba, northeast of Tokyo, on Feb. 13, 2019. Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, May 16, 2024, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. (Kyodo News via AP)
May 16
FILE - Metropolitan Police Department Sgt. Anthony Walsh sets out steering wheel locks at an anti-crime event in Washington on Nov. 7, 2023. A physical lock that attaches to the steering wheel can act as a visible deterrent to car thieves. (AP Photo/Amanda Andrade-Rhoades, File)
May 16

Stock market today: Asian shares retreat after Wall St edges back from records

Asian shares have retreated after U.S. stocks edged back from their record heights
May 16
Passersby look at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, May 17, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)
May 16

Caitlin Clark's WNBA debut helps ESPN set viewership record for league game on network

ESPN’s broadcast of the Connecticut Sun’s game against Caitlin Clark and the Indiana Fever had the highest viewership of a WNBA game on the network
May 16
Indiana Fever guard Caitlin Clark (22) puts up a 3-point shot to score against the Connecticut Sun during the fourth quarter of a WNBA basketball game, Tuesday, May 14, 2024, in Uncasville, Conn. (AP Photo/Jessica Hill)