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Federal Reserve Powell
Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, July 30, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
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Federal Reserve cuts key rate for first time this year

WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to […]

SEPT. 18, 2025

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What to know about China’s new regulations on rare earths

China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets. The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those that are sent to China for […]

AUG. 22, 2025

Federal Reserve Powell
Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, July 30, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
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Inflation or jobs: Federal Reserve officials are divided over competing concerns

WASHINGTON (AP) — One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring? Weak job gains since April have pushed some officials toward supporting […]

AUG. 14, 2025

Trump Tariffs
A worker stocks products at New India Bazar, where most merchandise is imported from India and Canada, on Wednesday, Aug. 6, 2025, in Fremont, Calif. (AP Photo/Noah Berger)
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How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced […]

AUG. 7, 2025

Federal Reserve Powell
Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, July 30, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
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Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President Donald Trump’s frequent demands that he cut interest rates, even as signs of dissent emerged on the Fed’s governing board. The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, […]

JULY 30, 2025

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California insurance regulator launches investigation into State Farm over claims from LA fires

SACRAMENTO, Calif. (AP) — California’s top insurance regulator on Thursday launched an investigation into State Farm over the company’s handling of claims from the January Los Angeles-area wildfires. The investigation comes after survivors of the Palisades and Eaton fires said that the state’s largest home insurer was delaying and mishandling claims regarding damage to their […]

JUNE 12, 2025

Germany Book Fair
Small books in various colors stand on a shelf at the Book Fair that will be opened later the day in Frankfurt, Germany, Tuesday, Oct. 9, 2012. New Zealand is this year's Guest of Honor. (AP Photo/Michael Probst)
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Online courses for journalists and storytellers

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Facing competition from Big Tech, states dangle incentives and loosen laws to attract power plants

Facing projections of spiking energy demand, U.S. states are pressing for ways to build new power plants faster as policymakers increasingly worry about protecting their residents and economies from rising electric bills, power outages and other consequences of falling behind Big Tech in a race for electricity. Some states are dangling financial incentives. Others are […]

MARCH 9, 2025

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Hollywood Hills fire breaks out as deadly wildfires burn out of control across Los Angeles area

LOS ANGELES (AP) — A fast-moving fire broke out in the Hollywood Hills on Wednesday night, threatening one of Los Angeles’ most iconic spots as firefighters battled to get under control three other major blazes that killed five people, put 130,000 people under evacuation orders and ravaged communities from the Pacific Coast to inland Pasadena. The Sunset […]

JAN. 9, 2025

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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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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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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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