Associated Press news.
OMAHA, Neb. (AP) — Several companies contacted America’s only rare earths mine soon after China responded to President Donald Trump’s tariffs this month by limiting exports of those minerals used for military applications and in many high-tech devices. “Based on the number of phone calls we’re receiving, the effects have been immediate,” said Matt Sloustcher, [...]
SAN FRANCISCO (AP) — Netflix fared better than analysts anticipated during the first three months of the year. The numbers released last week indicated Netflix is still building on the momentum that enabled it to add 41 million worldwide subscribers last year — the biggest annual gain in the company’s 27-year history. It’s unclear precisely [...]
The average rate on a 30-year mortgage climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the busy spring homebuying season. The rate rose to 6.83 percent last week from 6.62 percent, mortgage buyer Freddie Mac said. A year ago, the rate averaged 7.1 percent. Borrowing costs [...]
COLUMBUS (AP) — A federal judge permanently struck down an Ohio law last week that would have required children and teens under 16 to receive parental consent to use social media apps. U.S. District Court Judge Algenon Marbley’s decision came in a lawsuit filed by NetChoice, a trade group representing TikTok, Snapchat, Meta and other [...]
SAN FRANCISCO (AP) — Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling issued by U.S. District Judge Leonie [...]
NASHVILLE, Tenn. (AP) — China-founded e-commerce sites Temu and Shein say they plan to raise prices for American customers starting this week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a new tariff on goods shipped from China. Temu, which is owned [...]
President Donald Trump’s new trade policies for China threaten to crimp a massive source of solar panels and parts for American companies, with industry officials saying the cost of projects will certainly rise as China retaliates. China accounted for at least 80 percent of the components of solar panels as recently as 2022, according to [...]
WASHINGTON (AP) — Applications for jobless benefits fell again during the latest reporting period as the labor market continues to hold up despite fears of a tariff-induced recession. Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said. That’s below the 225,000 new applications analysts forecast. Weekly [...]
OMAHA, Neb. (AP) — Railroad company CSX’s profit fell 27 percent in the first quarter as two major construction projects forced them to reroute some trains and constrained its response to flooding and other weather challenges, curtailing shipments. The Jacksonville, Fla.-based railroad operator said it earned $646 million net income, or 34 cents per share, [...]
The Trump administration has issued an order to stop construction on an offshore wind project that would power more than 500,000 New York homes. Interior Secretary Doug Burgum directed the Bureau of Ocean Energy Management to halt construction on Empire Wind, a fully-permitted project. He said it needs further review because it appears the Biden [...]