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Lucky player in Seattle suburb wins $754.6M Powerball prize

AUBURN, Wash. (AP) — A single winning ticket for a $754.6 million Powerball jackpot was sold at a department store in a Seattle suburb, Washington state lottery officials said Tuesday. The winning numbers drawn Monday night were 5, 11, 22, 23, 69...

 

Fed's Powell: Strong hiring could force further rate hikes

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now...

 

State of the Union: Biden sees economic glow, GOP sees gloom

WASHINGTON (AP) — Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible...

 

National Enquirer, caught in 'catch-and-kill' scandal, sold

The National Enquirer, the scandal-plagued tabloid that engaged in "catch-and-kill" practices to bury stories about Donald Trump during his presidential campaign, has been sold. VVIP is buying the National Examiner and another tabloid, the Globe,...

 

A surprising burst of US hiring in January: 517,000 jobs

WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades. The job market hasn't been cooperating. Consider what happened in January:...

 

G-7, Europe reach deal for price cap on Russian diesel

BRUSSELS (AP) — U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes...

 

An unexpected job surge confounds the Fed's economic models

WASHINGTON (AP) — Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the U.S. economy's robust job gains out of concern that employers, desperate to hire, would keep boosting pay and, in turn, keep inflation high....

 

Elon Musk's Tesla tweet trial delves into investor damages

SAN FRANCISCO (AP) — An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the...

 

Alaska gold, copper mine blocked over environmental worries

JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency took an unusually strong step Tuesday and blocked a proposed mine heralded by backers as the most significant undeveloped copper and gold resource in the world because of concerns...

 

Biden, McCarthy meet face-to-face on debt crisis worries

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy met face-to-face Wednesday for more than an hour of highly anticipated budget talks — "a good first meeting," the new Republican leader said — but expectations were low for...

 

Fed lifts rate by quarter-point but says inflation is easing

WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high...

 

Treasury to increase borrowing amid debt ceiling standoff

WASHINGTON (AP) — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority. The U.S....

 

US economy likely slowed but still posted solid growth in Q4

WASHINGTON (AP) — The U.S. economy likely rolled out of 2022 with momentum, registering decent growth in the face of painful inflation, high interest rates and rising concern that a recession may be months away. Economists have estimated that the...

 

Justice Department investigating Abbott baby formula plant

NEW YORK (AP) — The U.S. Justice Department is investigating the Abbott Laboratories infant formula plant in Michigan that was shut down for months last year due to contamination, the company confirmed. The factory's closure in February 2022 was a...

 

Door of No Return: Yellen visits onetime slave-trading post

GOREE ISLAND, Senegal (AP) — U.S. Treasury Secretary Janet Yellen paid a solemn visit Saturday to the salmon-colored house on an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped...

 

The AP Interview: Yellen says debt standoff risks 'calamity'

DAKAR, Senegal (AP) — U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for...

 

Prosecutors: Convicted CEO Elizabeth Holmes is a flight risk

SAN JOSE, Calif. (AP) — Elizabeth Holmes is a flight risk and shouldn't be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors, federal prosecutors said in court documents. Holmes had a one-way plane...

 

AP Top 25 Movies, ranking 2022's best: What made the cut?

With hundreds of new movies released each year, many of us depend on the expertise of film critics to help curate our own watching — a thoroughly communal yet deeply personal experience. To honor the supporting role that entertainment journalism...

 

US Treasury buys time for Biden and GOP on debt limit deal

WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take "extraordinary" accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised...

 

Elon Musk takes witness stand to defend Tesla buyout tweets

SAN FRANCISCO (AP) — Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. The tweet resulted in a $40 million settlement with...

 

EXPLAINER: How ominous is the debt limit problem?

WASHINGTON (AP) — On the brink of hitting the nation's legal borrowing limit on Thursday, the government is resorting to "extraordinary measures" to avoid a default. Sounds ominous, right? But -- take a breath -- the phrase technically refers to a...

 

Davos organizers: Musk wasn't invited despite what he says

DAVOS, Switzerland (AP) — The World Economic Forum says billionaire Elon Musk wasn't on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter...

 

Economic woes, war, climate change on tap for Davos meeting

DAVOS, Switzerland (AP) — The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and...

 

US air travel returns to normal after technology breakdown

U.S. air travel returned mostly to normal Thursday, a day after a computer system that sends safety information to pilots broke down and grounded traffic from coast to coast. By midafternoon on the East Coast, about 150 flights had been canceled and...

 

Bank to pay $31M redlining settlement, DOJ's largest ever

NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in...

 

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