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WASHINGTON (AP) — A key inflation gauge moved higher in May in the latest sign that prices remain elevated while Americans also cut back on their spending last month. Prices rose 2.3 percent in May compared with a year ago, up from 2.1 percent in April, the Commerce Department said late last week. Excluding the [...]
WASHINGTON (AP) — The nation’s economy shrank at a 0.5 percent annual pace from January, according to a new report from the Commerce Department. First-quarter growth was weighed down by a surge of imports as American companies, and households, rushed to buy foreign goods before President Donald Trump could impose tariffs on them, the report [...]
The professionalization of college sports has prompted concern among team physicians that they will be exposed to a greater risk of being sued by athletes who claim a poor outcome from treatment caused them to lose future earnings. Before July 2021, when college athletes were cleared to be compensated by third parties for the use [...]
WASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to [...]
WASHINGTON (AP) — The budget bill that President Donald Trump wants on his desk by July 4 would loosen regulations on gun silencers and certain types of rifles and shotguns, advancing a longtime priority of the gun industry as Republican leaders in the House and Senate try to win enough votes to pass the bill. [...]
Two major food producers say that they will be pulling artificial dyes from their American products starting in 2027. The shift comes nearly two months after federal health officials said that they would urge foodmakers to phase out petroleum-based artificial colors. Kraft Heinz last week said that it will be removing artificial dyes from its [...]
WASHINGTON (AP) — Retail sales dropped 0.9 percent in May, according to a new report from the Commerce Department. Sales had declined 0.1 percent in April. The May figure was lower due to a drop in auto sales after Americans ramped up their car-buying in March. Excluding autos, sales fell 0.3 percent. Inflation has cooled [...]
CALGARY, Alberta (AP) — Last week, President Donald Trump signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Since the signing, administration officials have provided additional insight into the “golden share” arrangement [...]
BILLINGS, Mont. (AP) — President Donald Trump last week ordered federal government officials to consolidate wildland firefighting into a single program, despite warnings from former federal officials that it could be costly and increase the risk of catastrophic blazes. The order aims to centralize firefighting efforts now split among five agencies and two Cabinet departments. [...]
NEW YORK (AP) — A string of recent cyberattacks and data breaches involving the systems of major retailers have started impacting some shoppers. United Natural Foods, a wholesale distributor that supplies Whole Foods and other grocers, last week said that a breach of its systems was disrupting its ability to fulfill orders — leaving many [...]