WASHINGTON (AP) — The Trump administration said it is seeing signs that its sanctions on major Russian oil producers are crimping the economic engine that has allowed Moscow to continue to fund its war in Ukraine. Prices for Russian oil have plunged as Indian and Chinese buyers moved to comply with the sanctions before last [...]
WASHINGTON (AP) — The Trump administration last week announced that there could be new oil drilling off the California and Florida coasts for the first time in decades as President Donald Trump seeks to expand the nation’s oil production. The oil industry has been seeking access to new offshore areas, including Southern California and off [...]
Concerns about the artificial intelligence stock market boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report last week from Nvidia that illustrated why its indispensable chips transformed it into the world’s most valuable company. Analysts say that doesn’t mean the specter of an AI bubble won’t return in [...]
Division I colleges have received the “University Participation Agreement” drafted by the College Sports Commission, which requires them to waive their right to file lawsuits against the enforcement agency and gives it wide latitude to sanction programs for violating rules that outline how players can be paid. The 11-page document, a copy of which was [...]
WASHINGTON (AP) — The U.S. Treasury Department last week said it plans to reclassify certain refundable tax credits as “federal public benefits,” which will bar some immigrant taxpayers from receiving them, even if they file and pay taxes and would otherwise qualify. Tax analysts say immigrants brought to the United States illegally by their parents [...]
The average rate on a 30-year mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate last week ticked up to 6.26 percent from 6.24 percent the previous week, according to mortgage buyer Freddie Mac. A year ago, the rate [...]
Sales of previously occupied homes across the country increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Existing home sales rose 1.2 percent in October from the previous month to a seasonally adjusted annual rate of 4.10 million units, according to new figures from [...]
Cracker Barrel shareholders last week voted to keep company CEO Julie Felss Masino in place despite a debacle over the company’s logo that continues to slow its sales. One of the company’s directors, Gilbert Davila, however, resigned from Cracker Barrel’s board last week after preliminary results indicated that shareholders rejected his re-election. Davila, who joined [...]
TAIPEI, Taiwan (AP) — OpenAI and Taiwan electronics giant Foxconn have agreed to a partnership to design and manufacture key equipment for artificial intelligence data centers in the United States as part of ambitious plans to fortify American AI infrastructure. Foxconn, which makes AI servers for Nvidia and assembles Apple products, including the iPhone, will [...]