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Trump media partner says it has lined up $1B in capital

PALM BEACH, Florida (AP) — Donald Trump's new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors. The former president launched his new...

 

Stocks sink as omicron, rate worries rattle Wall Street

NEW YORK (AP) — Already unnerved by the newest coronavirus variant, Wall Street's losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 50...

 

States: Sackler family members abusing bankruptcy process

NEW YORK (AP) — A federal judge should reject a sweeping settlement to thousands of lawsuits against OxyContin maker Purdue Pharma, a group of states said at a hearing Tuesday, arguing that the protections it extends to members of the Sackler famil...

 

November delivers another hit to sinking consumer confidence

WASHINGTON (AP) — U.S. consumer confidence fell to a nine-month low in November, clipped by rising prices and concern about the coronavirus. The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 109.5, dow...

 

Elizabeth Holmes accuses ex-lover, business partner of abuse

SAN JOSE, Calif. (AP) — Disgraced entrepreneur Elizabeth Holmes described herself as the abused puppet of her former lover and business partner Sunny Balwani in tearful testimony Monday, part of her attempt to refute accusations that she lied about...

 

Stocks sink on new COVID variant; Dow loses 905 points

NEW YORK (AP) — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors were uncertain...

 

Biden sets out oil, gas leasing reform, stops short of ban

WASHINGTON (AP) — The Biden administration on Friday recommended an overhaul of the nation's oil and gas leasing program to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water....

 

Jury awards $25M in damages for Unite the Right violence

CHARLOTTESVILLE, Va. (AP) — A jury ordered white nationalist leaders and organizations to pay more than $25 million in damages Tuesday over violence that erupted during the deadly 2017 Unite the Right rally in Charlottesville. After a nearly monthl...

 

Fighting gas prices, US to release 50 million barrels of oil

WASHINGTON (AP) — President Joe Biden on Tuesday ordered a record-setting 50 million barrels of oil released from America's strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including...

 

Collecting $26M award vs. white nationalists may be tough

RICHMOND, Va. (AP) — Nine people who sued white nationalist leaders and organizations over the violence at a deadly rally in Charlottesville in 2017 won a $26 million judgment for the injuries and trauma they endured. But whether they will be able...

 

Americans are spending but inflation casts pall over economy

WASHINGTON (AP) — Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall. A raft of economic data issued Wednesday showed the economy on solid footing, with Americans' incomes...

 

Kansas moves against COVID mandates; employers may face ban

TOPEKA, Kan. (AP) — Republican legislators moved Monday to make it easy for workers in Kansas to claim religious exemptions from COVID-19 vaccine mandates, but their leaders were divided over whether they also needed to promise unemployment...

 

Biden to keep Powell as Fed chair, Brainard gets vice chair

WASHINGTON (AP) — President Joe Biden said Monday he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing his stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate...

 

Biden touts infrastructure bill at snowy, rusty bridge in NH

WOODSTOCK, N.H. (AP) — Fighting sagging poll ratings, President Joe Biden set out Tuesday on a national tour to persuade everyday Americans of the benefits of his big, just-signed infrastructure plan. First stop: a snowy, rusty bridge in New...

 

Defying inflation, Americans ramped up spending last month

WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season. Buoyed by...

 

EXPLAINER: Will Xi-Biden talks repair US-China ties?

BEIJING (AP) — No breakthroughs were delivered during talks between Chinese leader Xi Jinping and U.S. President Joe Biden, but the cordial tone of the virtual meeting is an indication that relations between the sides may be turning a corner ...

 

Contrary to popular belief, no great migration in pandemic

Contrary to popular belief, there has been no great migration in the U.S. during the pandemic. New figures released Wednesday by the U.S. Census Bureau show that the proportion of people who moved over the past year fell to its lowest level in the...

 

Nations compromise on coal to strike UN climate agreement

GLASGOW, Scotland (AP) — Almost 200 nations accepted a compromise deal Saturday aimed at keeping a key global warming target alive, but it contained a last-minute change that watered down crucial language about coal. Several countries, including...

 

Biden signs $1T infrastructure deal with bipartisan crowd

WASHINGTON (AP) — President Joe Biden signed his hard-fought $1 trillion infrastructure deal into law Monday before a bipartisan, celebratory crowd on the White House lawn, declaring that the new infusion of cash for roads, bridges, ports and more...

 

Key reason for supply shortages: Americans keep spending

DETROIT (AP) — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you'll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S....

 

Alzheimer's drug cited as Medicare premium jumps by $21.60

WASHINGTON (AP) — Medicare's "Part B" outpatient premium will jump by $21.60 next year, one of the largest increases ever. Officials said Friday a new Alzheimer's drug is responsible for about half of that. The increase guarantees that health care...

 

Court filings: Maduro ally met with US prior to arrest

MIAMI (AP) — A businessman accused of siphoning off millions in state contracts from Venezuela met secretly with U.S. law enforcement to provide intelligence against Nicolás Maduro's government prior to being charged in 2019 with money...

 

China, US pledge to increase cooperation at UN climate talks

GLASGOW, Scotland (AP) — The world's top carbon polluters, China and the United States, agreed Wednesday to increase their cooperation and speed up action to rein in climate-damaging emissions, signaling a mutual effort on global warming at a time...

 

Heavy burden for consumers as holidays near: Soaring prices

WASHINGTON (AP) — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.2%...

 

US food banks struggle to feed hungry amid surging prices

OAKLAND, Calif. (AP) — U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. The higher costs and limited...

 

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