NEW YORK — US stocks are drifting lower, while US bonds and the value of the US dollar are falling more sharply on Monday following the latest reminder that the U.S government seems to be hurtling toward an unsustainable mountain of debt. The S&P 500 was 0.4 percent lower in morning trading after Moody’s Ratings
NEW YORK (AP) — U.S. stocks rallied to the brink of a record Thursday after more companies reported fatter profits than expected. Wall Street mostly yawned, again, at the latest announcement on tariffs by President Donald Trump, which may not take full effect for at least several weeks. The S&P 500 climbed 1% to pull
HARRISBURG, Pa. (AP) — Pennsylvania Gov. Josh Shapiro on Thursday sued agencies under President Donald Trump, saying they are illegally and unconstitutionally withholding billions in federal aid from the state that had already been approved by Congress. Shapiro, a Democrat, filed the lawsuit despite the fact that federal courts have repeatedly rejected the Trump administration’s
NEW YORK — A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date. Here’s what you need to know. The spot price of gold closed
Wall Street notched another record high Tuesday, even as major stock indexes barely budged after a listless day of trading. The Dow Jones Industrial Average rose 9 points, or less than 0.1%, which was good enough for its second all-time high in two days. The index is on an eight-day winning streak. The benchmark S&P
A group of authors is suing artificial intelligence startup Anthropic, alleging it committed “large-scale theft” in training its popular chatbot Claude on pirated copies of copyrighted books. While similar lawsuits have piled up for more than a year against competitor OpenAI, maker of ChatGPT, this is the first from writers to target Anthropic and its
The Commerce Department released a report on Thursday showing business inventories in the U.S. increased in line with economist estimates in the month of June. The report said business inventories rose by 0.3 percent in June after climbing by 0.5 percent in May. The growth matched expectations. The increase by business inventories largely reflected notable
NEW YORK (AP) — U.S. stocks are holding relatively steady Monday, as markets around the world stabilize following a wild week of extreme swings. The S&P 500 was up 0.3% in early trading. The Dow Jones Industrial Average was down 4 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq
AP CHICAGO (AP) — The dead woman who was found entangled in a baggage conveyor belt at Chicago’s O’Hare International Airport was from North Carolina, authorities said Friday. The Cook County Medical Examiner’s Office identified the woman as 57-year-old Virginia Christine Vinton of Waxhaw, North Carolina. The office’s spokesperson, Natalia Derevyanny, said an autopsy was
NEW YORK — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country’s “ tuna bond ” scandal and swept into a U.S. court. A federal jury in New York delivered the verdict. Chang was accused of accepting payoffs to put his African nation