The Associated Press
Business News
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising
September 19, 2024Average rate on a 30-year mortgage falls to 6.09%, lowest level since February 2023
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023
September 19, 2024Olive Garden teams up with Uber Direct to offer delivery
Olive Garden is teaming up with Uber to offer delivery for the first time
September 19, 2024
Latest Business Video
Latest Business Video
Latest Business Headlines
1 hour ago
Brazil drought punishes coffee farms and threatens to push prices even higher
Brazilian coffee farmers are grappling with above-average temperatures as the country, the world’s largest coffee producer, faces its worst drought in more than seven decades
1 hour ago
1 hour ago
Asian stocks follow Wall Street's rate-cut rally higher, as BOJ stands pat
Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates
1 hour ago
2 hours ago
Protests ousted Sri Lanka's last president. Ahead of new election, many are still waiting for change
Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country
2 hours ago
2 hours ago
Titan submersible testimony to enter fourth day after panel hears of malfunction and discord
Another mission specialist who worked with the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage is scheduled to testify before a U.S. Coast Guard investigatory panel Friday
2 hours ago
September 19
A fire that burned for four days after pipeline explosion in a Houston suburb has finally gone out, city officials say
A fire that burned for four days after pipeline explosion in a Houston suburb has finally gone out, city officials say
September 19
September 19
Nike names Elliott Hill as CEO, replacing John Donahoe
Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month
September 19
September 19
Civil rights groups call on major corporations to stick with DEI programs
A broad group of civil rights organizations are calling on the CEOs and board members of major companies to maintain their commitments to diversity, equity and inclusion initiatives
September 19
September 19
US agency review says Nevada lithium mine can co-exist with endangered flower
Federal land managers have completed a final environmental review of a proposed Nevada lithium mine they say would help supply minerals critical to electric vehicles and a clean energy future while still protecting an endangered wildflower
September 19
September 19
No decision made by appeals court in elections betting case
Betting on elections remains on hold after a federal appeals court did not issue a decision Thursday in a case involving whether such bets should be allowed
September 19
September 19
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
All of 23andMe’s independent directors have resigned from its board in a rare move that marks the latest challenge for the genetic-testing company
September 19
September 19
This fund has launched some of the biggest names in fashion. It's marking 20 years
Before they were household names, many top U.S. designers got their start at The Council of Fashion Designers of America/Vogue Fashion Fund
September 19
September 19
How major US stock indexes fared Thursday, 9/19/2024
Wall Street leapt to record highs as delayed jubilation swept across markets worldwide following the Federal Reserve’s big cut to interest rates
September 19
September 19
Wall Street jumps to record highs as global markets cheer Fed rate cut
Wall Street jumps to record highs as global markets cheer Fed rate cut
September 19
September 19
Apple begins testing AI software designed to bring a smarter Siri to the iPhone 16
Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday
September 19
September 19
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased
September 19
September 19
At Google antitrust trial, documents say one thing. The tech giant's witnesses say different
The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to believe what Google executives wrote or what they’ve said on the witness stand
September 19
September 19
Titan submersible's scientific director testifies that the sub malfunctioned just prior to the fatal Titanic dive
Titan submersible's scientific director testifies that the sub malfunctioned just prior to the fatal Titanic dive
September 19
September 19
A fire that burned for 4 days after Texas pipeline explosion has finally gone out
A fire that burned for four days after a pipeline explosion in the Houston suburbs burned out Thursday after the once-towering blaze put hundreds of nearby homes under evacuation orders
September 19
September 19
Oregon governor uses new land use law to propose rural land for semiconductor facility
Oregon Gov. Tina Kotek is using a new land use law to propose rural land for a semiconductor facility
September 19
September 19
What does the rate cut mean for mortgages and homebuyers?
The Fed delivered a jumbo-sized rate cut this week.
September 19
September 19
Nearly 138,000 beds are being recalled after reports of them breaking or collapsing during use
Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada
September 19
September 19
Average rate on a 30-year mortgage falls to 6.09%, lowest level since February 2023
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early February 2023
September 19
September 19
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
September 19
September 19
US Senate panel OKs action against Steward Health Care CEO for defying subpoena
Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel
September 19
September 19
Olive Garden teams up with Uber Direct to offer delivery
Olive Garden is teaming up with Uber to offer delivery for the first time
September 19
September 19
The Lebanon explosions raise a question: Deep into the smartphone era, who is still using pagers?
Electronic pagers that were popular status symbols in the 1990s are used for communication precisely because they are old school
September 19
September 19
JetBlue to follow rivals by opening airport lounges
JetBlue Airways plans to open its first airport lounges as part of a plan to get more business from premium travelers
September 19
September 19
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising
September 19
September 19
Sales of previously occupied US homes hit slowest annual pace in nearly a year last month despite falling mortgage rates
Sales of previously occupied US homes hit slowest annual pace in nearly a year last month despite falling mortgage rates
September 19
September 19
European Union moves to compel Apple to open up operating system to rival tech
The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc’s tough new digital rulebook, which threatens hefty fines for breaches
September 19
September 19
A volunteer network of interpreters wants to make refugees' languages more accessible. Will AI help?
Refugees navigating resettlement often face a shared hurdle: poor machine translations and a short supply of interpreters knowledgeable in their less-serviced languages
September 19
September 19
Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
September 19
September 19
Weekly applications for U.S. jobless benefits fall to the lowest level in 4 months
Weekly applications for U.S. jobless benefits fall to the lowest level in 4 months
September 19
September 19
EU chief travels to Kyiv with promise of fresh energy funds to get Ukraine through winter
European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine with the promise of 160 million euros in fresh energy funds to get the nation through the winter
September 19
September 19
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
September 19
September 19
Report finds a faulty component could have caused 'extensive damage' to Cathay Pacific jet
Hong Kong's air safety authority has found that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that forced a Zurich-bound flight to return to Hong Kong could have caused “extensive damage” to the aircraft
September 19
September 19
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago
September 19
September 19
Fruit and seafood are the latest front in escalating Taiwan-China tensions
Taiwan says China’s ban on imports of its fruit, vegetables, seafood and other goods violate trade rules, in the latest ratcheting up of tensions between the self-governing island republic and its massive neighbor, which has vowed to annex Taiwan by force
September 19
September 19
Lawyer for American charged in Japan's trial of ex-Nissan exec Ghosn appeals for 'justice'
The six-year-old criminal case of Greg Kelly, an American ensnared in the scandal of Nissan’s former boss Carlos Ghosn has turned a page in a Japanese court, with the judge promising a verdict in February
September 19
September 19
Israel-Hamas war latest: Hezbollah leader says Israel crossed a `red line'
The leader of Lebanon’s Hezbollah is promising to retaliate for deadly attacks on its communication devices
September 19
September 19
A news site that covers Haitian Americans is facing harassment over its post-debate coverage of Ohio
Journalists at a news site that covers issues facing the Haitian community in the United States say they've been harassed and intimidated with racist messages for covering the false story about immigrants eating the pets of people in Springfield, Ohio
September 19
September 19
Sri Lanka's presidential election a test for current leader, 2 years after its economy hit bottom
Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president
September 19
September 19
Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges
Vietnamese state media say the second trial for real estate tycoon Truong My Lan — who was sentenced to death for financial fraud in April — started on Thursday
September 19
September 19
Titan submersible's scientific director says the sub malfunctioned just prior to the Titanic dive
The scientific director for the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage testified that the sub had malfunctioned just prior to the fatal dive
September 19
September 19
Refugees in New Hampshire turn to farming for an income and a taste of home
It’s harvest time in central New Hampshire
September 19
September 18
Wall Street soars to records as Dow leaps 500 in rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
September 18
September 18
Hackers demand $6 million for files stolen from Seattle airport operator in cyberattack
Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month
September 18
September 18
Instagram imposes new restrictions for teens. Will they work?
The new accounts bolster protections and add limits, the company said.
September 18
September 18
Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown
As the U.S. Postal Service faces delivery slowdowns, U.S. Sen. Jon Ossoff, a Democrat from Georgia, has proposed legislation to impose stricter oversight on who leads the agency
September 18
September 18
Musk's X skirts Brazil ban and returns to some users with change to server access
Some Brazilian users have regained access to X despite a nationwide ban put in place by the country’s Supreme Court
September 18