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Powerball jackpot reaches $1.23B as long odds mean lots of losing, just as designed
Powerball will match a record for lottery drawings Saturday night with a stretch of more than three months without a jackpot winner. It's that string of futility that has enabled Powerball's top prize to reach $1.23 billion, the 8th largest in U.S....
President Joe Biden will unveil his new plan to give student loan relief to many new borrowers
WASHINGTON (AP) — President Joe Biden will announce his latest effort to broaden student loan relief next week for new categories of borrowers, according to three people familiar with the plans, nearly a year after the Supreme Court foiled his a...
Another month of robust US job growth points to continued economic strength
WASHINGTON (AP) — America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of h...
New US-China talks will address a top American complaint about Beijing's economic model, Yellen says
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an u...
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
WASHINGTON (AP) — Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners — pretty much everyone — began obsessing over a single quest...
Lawsuit seeks to force ban on menthol cigarettes after months of delays by Biden administration
WASHINGTON (AP) — Anti-smoking groups sued the U.S. government Tuesday over a long-awaited ban on menthol cigarettes, which has been idling at the White House for months. The lawsuit is the latest effort to force the government to ban menthols, w...
US job openings rise modestly to 8.8 million in February in strong labor market
WASHINGTON (AP) — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. The Labor Department reported Tuesday that employers posted 8.76 million job vacancies in Febru...
Powerball jackpot reaches $1 billion as drawing for giant prize nears
DES MOINES, Iowa (AP) — A $1 billion Powerball jackpot will tempt lottery players Monday night who think they just might hit it rich after three months without a big winner. The jackpot has reached $1 billion, marking the fifth time a Powerball p...
Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lull
NEW YORK (AP) — U.S. stocks rose to a record Wednesday after breaking out of their three-day lull. The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49. It was the first gain for the index since setting its last all-time high on Thursday. The D...
Settlement reached in lawsuit between Disney and Florida Gov. Ron DeSantis' allies
ORLANDO, Fla. (AP) — Allies of Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort's government by the F...
Trump's social media company approved to go public, potentially netting former president billions
NEW YORK (AP) — Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge w...
Senate passes $1.2 trillion funding package in early morning vote, ending threat of partial shutdown
WASHINGTON (AP) — The Senate passed a $1.2 trillion package of spending bills in the early morning hours Saturday, a long overdue action nearly six months into the budget year that will push any threats of a government shutdown to the fall. The bill...
Boeing CEO to exit in broad management shakeup as manufacturing issues plague storied plane maker
Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America's iconic manufacturers. Stan Deal, president and CEO of Boeing's co...
As electric vehicle sales slow, US relaxes plans for stricter auto emissions standards for a while
WASHINGTON (AP) — The Biden administration this week is expected to announce new automobile emissions standards that relax proposed limits for three years but eventually reach the same strict standards proposed by the Environmental Protection A...
Sex trade to slavery: A UN agency says criminals reap $236B a year in profits from forced labor
GENEVA (AP) — Illegal profits from forced labor worldwide have risen to the "obscene" amount of $236 billion per year, the U.N. labor agency reported Tuesday, with sexual exploitation to blame for three-fourths of the take from a business that d...
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year. For n...
EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids
WASHINGTON (AP) — The Biden administration announced new automobile emissions standards Wednesday that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles. The new rules relax initial tailpipe limits...
SEC climate rule prompts a rush to sue. Experts say companies are likely to prepare to comply anyway
WASHINGTON (AP) — The U.S. Securities and Exchange Commission's new rule requiring companies to disclose some emissions and climate-related information was barely passed before the agency was being hauled to court. The rule adopted in early March was...
Budget Office report credits immigration and spending deals with improved outlook despite huge debt
WASHINGTON (AP) — The nonpartisan Congressional Budget Office said Wednesday that it expects the federal government to be awash in debt over the next 30 years, but the outlook has improved over the past year due to increased immigration and a...
State Medicaid offices target dead people's homes to recoup their health care costs
WASHINGTON (AP) — As Salvatore LoGrande fought cancer and all the pain that came with it, his daughters promised to keep him in the white, pitched roof house he worked so hard to buy all those decades ago. So, Sandy LoGrande thought it was a m...
Mnuchin's interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook
NEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated c...
As TikTok bill steams forward, online influencers put on their lobbying hats to visit Washington
WASHINGTON (AP) — Lawmakers, meet your latest lobbyists: online influencers from TikTok. The platform is once again bringing influencers to Washington, this time to lobby members of Congress to reject a fast-moving bill that would force TikTok's B...
US inflation up again in February in latest sign that price pressures remain elevated
WASHINGTON (AP) — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden's re-election campaign, both of which are counting on a steady e...
Program that allows 30,000 migrants from 4 countries into the US each month upheld by judge
HOUSTON (AP) — The Biden administration can keep operating a program that allows a limited number of migrants from four countries to enter the U.S. on humanitarian grounds after a federal judge on Friday dismissed a challenge from Republican-led stat...
Biden's budget proposal for a second term offers tax breaks for families and lower health care costs
MANCHESTER, N.H. (AP) — President Joe Biden on Monday released a budget proposal aimed at getting voters' attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and c...
