The area around the Maui town largely destroyed by wildfire two months ago was scheduled to welcome back travelers on Sunday as the mayor and Hawaii’s governor pushed ahead to restart tourism to boost the economy despite opposition from some Lahaina residents.
The United Auto Workers union said Friday it will not expand its strikes against Detroit's three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.
WASHINGTON (AP) — The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy.
LOS ANGELES (AP) — The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers. The average rate on the benchmark 30-year home loan rose to 7.49% from 7.31% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.66%.
WASHINGTON (AP) — Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. Since mid-summer, the yield on the 10-year Treasury note, a benchmark for many loans, has steadily climbed, causing a spillover rise in other borrowing costs. The costs of mortgages, auto loans and credit card debt have all risen in response.
Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve. Applications for unemployment benefits ticked up by 2,000 to 207,000 for the week ending Sept. 30, the Labor Department reported Thursday.
LONDON (AP) — Concerns from regulators about the dominance of Amazon and Microsoft in Britain’s cloud computing market have triggered an investigation into the competitiveness of the key industry. The U.K. communications regulator Ofcom said Thursday that its yearlong study of the cloud communications services market found features that could limit competition. British businesses face barriers when they try to switch or use multiple cloud suppliers, it said.
TOLEDO, Ohio (AP) — When Rhonda Naus got a job inspecting Jeep Wranglers fresh off the assembly line, her paycheck added up to roughly half of what her co-workers were making. But with that came an expectation that her temporary status eventually would become permanent with a big jump in wages. Six years later, she's still doing the same work as her colleagues at Stellantis and still making a lot less.
LOS ANGELES (AP) — Picketing began Wednesday morning at Kaiser Permanente hospitals as some 75,000 health care workers go on strike in Virginia, California and three other states over wages and staffing shortages, marking the latest major labor unrest in the United States. Kaiser Permanente is one of the country’s larger insurers and health care system operators, with 39 hospitals nationwide.
RIYADH, Saudi Arabia (AP) — Saudi Arabia on Wednesday confirmed that it will maintain a production cut of 1 million barrels of oil a day through the end of the year. The announcement could further prop up oil prices, which are hovering around $90 a barrel.
ATLANTA – Thirty years ago, the newspaper industry was just beginning to feel the first ripples of what would become a massive wave of change brought on by the internet. That same year – 1993 – Robin Rhodes was stepping up from a staff position at the Georgia Press Association to take the organization’s helm as executive director. Thanks to her leadership, newspaper executives across the state made the transition to the digital world smoothly instead of fighting it.
In the hills of a dry, remote patch of California farm country, Lee Harrington carefully monitors the drips moistening his pistachio trees to ensure they’re not wasting any of the groundwater at the heart of a vicious fight.
China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving after its post-pandemic malaise.
DETROIT (AP) — The United Auto Workers union says its two-week strike against Detroit automakers will spread to 7,000 more workers at a Ford plant in Chicago and a General Motors assembly factory near Lansing, Michigan. Union President Shawn Fain told workers on a video appearance Friday that negotiations haven’t broken down but Ford and GM have refused to make meaningful progress. Jeep maker Stellantis was spared from the third round of strikes.
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. Friday's report from the Commerce Department showed that prices rose 0.4% from July to August, up from just 0.2% the previous month.
LOS ANGELES (AP) — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the benchmark 30-year home loan rose to 7.31%, from 7.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.70%.
DETROIT (AP) — Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car and SUV models from the 2010 through 2019 model years including Hyundai's Santa Fe SUV and Kia's Sorrento SUV.
U.S. regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in federal court in Amazon's home state of Washington, is the result of a yearslong investigation into the company's businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.
NEW YORK (AP) — UPS plans to hire more than 100,000 workers — at higher pay than a year ago — to help with the holiday rush this season, in line with hiring the previous three years. As part of a tentative five-year contract agreement with the Teamsters union approved last month that included a bump up in pay and other benefits for part-time and full time workers, seasonal package drivers will start with hourly pay of $23, while package handlers will get $21 for the holiday period.
LOS ANGELES (AP) — Screenwriters’ union leaders and Hollywood studios have reached a tentative agreement to end a historic strike after nearly five months, raising hopes that a crippling shutdown of film and television filming is near an end. Actors remain on strike, but movement on the writers' demands could mean that the actors will find a resolution soon as well.
FRANKFURT, Germany (AP) — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, transport the world's goods or harvest fields.
Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. The investment underscores how Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that the latest generation of the technology is set to fuel.
WASHINGTON (AP) — Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain.
LONDON (AP) — Wildfires have ravaged communities from Maui to the Mediterranean this summer, killing many people, exhausting firefighters and fueling demand for new solutions. Enter artificial intelligence. Firefighters and startups are using artificial intelligence-enabled cameras to scan the horizon for signs of smoke. A German company is building a constellation of satellites to detect fires from space. And Microsoft is using artificial intelligence models to predict where the next blaze could be sparked.
The president of the United Auto Workers said Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states. Ford was spared additional strikes because the company has met some of the union’s demands during negotiations over the past week, said UAW President Shawn Fain.