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US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

WASHINGTON (AP) — The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households. Employers added just 114,000 jobs in July — 35% fewer than expected — and unemployment, now at 4.3%, is the […]

AUG. 2, 2024

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Seeking carbon-free power, Virginia utility considers small nuclear reactors

Virginia’s largest utility said Wednesday that it will explore the possibility of using small nuclear reactors to help meet growing electricity demands while reducing greenhouse gas emissions. Nuclear power has been emerging as an attractive option for states transitioning away from coal, oil and other fossil fuels. Proponents of a new generation of smaller reactors have said […]

JULY 10, 2024

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Attacks on shipping in the Red Sea by Yemen’s Iranian-backed Houthi rebels are disrupting a key trade route for energy supplies to Europe

FRANKFURT, Germany (AP) — Missiles and drones are flying in the Red Sea, disrupting one of the world’s key trade arteries and a chokepoint for energy shipments headed for Europe. Attacks by Yemen’s Houthi rebels over Israel’s war with Hamas are posing a new threat to the future of energy supplies to the 27-country European Union, which relies […]

FEB. 7, 2024

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What to know about the US strikes in Iraq and Syria and its attacks with the UK in Yemen

BEIRUT (AP) — British forces on Saturday joined their American allies in new attacks against militia in Yemen. The U.S. military earlier launched strikes on dozens of sites manned by Iran-backed fighters in western Iraq and eastern Syria in retaliation for a drone strike in Jordan in late January that killed three U.S. service members and wounded […]

FEB. 4, 2024

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The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants

View News Highlights LONDON (AP) — The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants, effectively rerouting global trade away from a crucial artery for consumer goods and energy supplies that is expected to trigger delays and rising prices. BP […]

DEC. 18, 2023

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Wildfire-prone California to consider new rules for property insurance pricing

SACRAMENTO, Calif. (AP) — California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters. Unlike other states, California does not let insurance companies consider current or […]

SEPT. 28, 2023

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California insurance market rattled by withdrawal of major companies

LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation’s most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines […]

JUNE 5, 2023

APTOPIX Brazil Elections Protest
Protesters, supporters of Brazil's former President Jair Bolsonaro, sit in front of police after inside Planalto Palace after storming it, in Brasilia, Brazil, Sunday, Jan. 8, 2023. Planalto is the official workplace of the president of Brazil. (AP Photo/Eraldo Peres)
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Pro-Bolsonaro rioters storm Brazil’s top government offices

RIO DE JANEIRO (AP) — Supporters of former Brazilian President Jair Bolsonaro who refuse to accept his election defeat stormed Congress, the Supreme Court and presidential palace Sunday, a week after the inauguration of his leftist rival, President Luiz Inácio Lula da Silva. Thousands of demonstrators bypassed security barricades, climbed on roofs, smashed windows and […]

JAN. 9, 2023

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Bumps, bipartisanship in long fight for semiconductor bill

Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril. After 18 months, the bipartisan effort to provide $52 billion for semiconductors was getting close to the finish line. But they were concerned […]

AUG. 1, 2022

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Intel to build $20B Ohio chip facility amid global shortage

Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing crucial technology products in the U.S. The move could also create […]

JAN. 21, 2022

National Stockpile
FILE - Workers carry boxes at a Strategic National Stockpile warehouse in Oklahoma City, Okla., April 7, 2020. (AP Photo/Sue Ogrocki, File)
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Remember the shortage of medical gowns during COVID? Feds spending $350 million for stockpile

Six U.S. companies will spend at least $350 million to manufacture medical gowns to store in the Strategic National Stockpile, years after doctors and nurses working in hospitals found themselves without the equipment while COVID-19 raged. The purchase of the gowns is one of the final steps toward shoring up the personal protective equipment in […]

APRIL 7, 2020

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