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LOS ANGELES (AP) — Sales of new homes hit a five-month low in August as rising mortgage rates continue to strain prospective homebuyers' ability to afford a dwelling. The pace slowed 8.7 percent in August from the previous month to a seasonally adjusted annual rate of 675,000 properties, the Department of Commerce reported last week. [...]
Federal regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed earlier this week in federal court in Amazon's home state of Washington, is the result of a yearslong investigation into [...]
KODIAK, Alaska (AP) — Lane Bolich first came to work in Alaska for the freedom and excitement that comes with being a fisher. A self-described adrenaline junkie, Bolich moved from his hometown in rural Washington state because he loves being on the ocean even in cold winter weather and it gave him the chance to [...]
WASHINGTON (AP) — A spike last year drove inflation to its highest level in four decades. The federal government’s attempted cure — much higher interest rates, to cool spending and hiring — was expected to raise unemployment rates. Forecasts from economists had predicted that as the Federal Reserve jacked up its benchmark rate ever higher, [...]
The U.S. Energy Department last week announced plans to invest $325 million in new battery types that can help turn solar and wind energy into 24-hour power. The funds will be distributed among 15 projects in 17 states and the Red Lake Nation, a Native American tribe based in Minnesota. Batteries are increasingly being used [...]
A group of 25 governors that make up the U.S. Climate Alliance and the Biden administration pledged last week to quadruple the number of heat pumps in homes by 2030, from 4.7 million to 20 million. Heat pumps use little electricity, yet are able to heat and cool buildings. They often replace oil or gas [...]
ALBANY, N.Y. (AP) — As more than 100,000 migrants arrived in New York City over the past year after crossing the border from Mexico, Mayor Eric Adams and Gov. Kathy Hochul have begged President Joe Biden for one thing, above all others, to ease the crisis: "Let them work," both Democrats have said repeatedly in [...]
COLUMBUS (AP) — A network of ancient American Indian ceremonial and burial mounds in Ohio described as "part cathedral, part cemetery and part astronomical observatory" this week was added to the list of UNESCO World Heritage sites. Preservationists, led by the Ohio History Connection, and indigenous tribes, many with ancestral ties to the state, pushed [...]
WASHINGTON (AP) — States and Native American tribes will have greater authority to block energy projects, such as natural gas pipelines, that could pollute rivers and streams under a final rule issued last week by the Biden administration. The rule, which takes effect in November, reverses a Trump-era action that limited the ability of states [...]
WASHINGTON (AP) — A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence that price increases overall are still cooling. In a set of conflicting data released earlier this week, the Labor Department said the consumer price index rose 3.7 percent in August from [...]