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DETROIT (AP) — The fastest Corvette ever made comes out later this year, and it’s not powered solely by a howling V8. The E-Ray is a gas-electric hybrid, the first all-wheel-drive version of Chevrolet's storied sports car with the front wheels running on an electric motor the traditional 6.2-liter V8 powering the back. Aimed at affluent buyers who want new technology in the top-line Chevrolet sports car, the $104,000 E-Ray jerks your head back as it goes from zero to 60 mph in 2.5 seconds. General Motors says it can cover a quarter mile in 10.5 seconds.

BEIJING (AP) — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. The world's No. 2 economy grew by 3% in 2022, less than half of the previous year's 8.1% rate, official data showed Tuesday.

SAN FRANCISCO (AP) — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Long before Musk purchased Twitter for $44 billion in October, he had set his sights on Tesla, the electric automaker where he continues to serve as CEO and from which he derives most of his wealth and fame. Musk claimed in an August 7, 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which he then amplified with a follow-up statement that made a deal seem imminent.

BEIJING (AP) — China’s trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centers. Exports increased 7% from a year earlier to $3.95 trillion, decelerating from 2021′s explosive 29.9% gain, customs data showed Friday. Imports edged up 1.1% to 2.7 trillion, cooling from the previous year’s 30.1% rise as economic growth slowed and consumer spending weakened.

Delta Air Lines said Friday that it earned $828 million in the fourth quarter and that consumers are still snapping up flights and making other purchases with their airline-branded credit cards. The Atlanta-based airline said momentum has carried over into the new year, as the travel industry continues to recover from the worst of the pandemic. Delta's report came a day after American Airlines delivered a rosy update on its fourth quarter, saying that rising revenue would push earnings per share to nearly double the amount that Wall Street expected.

Inflation slows but stays stubbornly high

WASHINGTON (AP) — Inflation remains a painful reality for many Americans, especially with such necessities as food, energy and rents having soared over the past 18 months. Grocery prices rose 0.2% from November to December, the smallest such increase in nearly two years. Still, those prices are up 11.8% from a year ago. Prices increased 6.5% in December compared with a year earlier, the government said Thursday.

OMAHA, Neb. (AP) — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery aisles. The national average price for a dozen eggs hit $3.59 in November, up from $1.72 a year earlier, according to the latest government data.

NEW YORK (AP) — Nurses at two of New York City's largest hospitals were poised to go on strike Monday in a dispute over pay and staffing levels after a weekend of negotiations that has yet to produce a deal for a new contract.

WASHINGTON (AP) — U.S. health officials on Friday approved a closely watched Alzheimer’s drug that modestly slows the brain-robbing disease, albeit with potential safety risks that patients and their doctors will have to carefully weigh. The drug, Leqembi, is the first that’s been convincingly shown to slow the decline in memory and thinking that defines Alzheimer’s by targeting the disease's underlying biology. The Food and Drug Administration approved it for patients with Alzheimer's, specifically those with mild or early-stage disease.

WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate fell to 3.5%, matching a 53-year low, the Labor Department said Friday.

DALLAS (AP) — With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it canceled 15,000 flights around Christmas and left holiday travelers stranded. CEO Robert Jordan said Thursday that Southwest has processed about 75% of the refund requests it has received. The airline has also returned most lost bags to their owners, and hired an outside firm to sift through requests for reimbursement of things like hotels and meals that stranded passengers paid out of their own pockets, he said.

LAS VEGAS (AP) — Delta Air Lines will provide free Wi-Fi service on most of its U.S. flights starting in February. The airline said Thursday that by the end of the year it will outfit more than 700 planes with high-speed, satellite-based broadband service from T-Mobile and plans to expand free Wi-Fi to international and Delta Connection flights by the end of 2024. The service will use equipment from Viasat, a U.S.-based satellite broadband provider.

COLUMBIA, S.C. (AP) — Two major Southern law firms are merging into one firm that will have offices on both coasts and more than 550 attorneys. The attorneys leading both Alabama-based Maynard Cooper & Gale and South Carolina-based Nexsen Pruet said their similar philosophies and a trend toward companies wanting to deal with bigger law firms led them to combine. “More and more clients are asking for fewer law firms in their roster,” Nexsen Pruet Chairman Leighton Lord told The Associated Press.

E-commerce giant Amazon and business software maker Salesforce are the latest U.S. technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown. Amazon said Wednesday that it will be cutting about 18,000 positions. It's the largest set of layoffs in the Seattle-based company’s history, although just a fraction of its 1.5 million global workforce.

Southwest Airlines returned to a relatively normal flight schedule Friday, as the focus shifts to making things right with what could be well more than a million passengers who missed family connections or flights home during the holidays, and many of whom are still missing luggage. The Dallas carrier, which had canceled thousands of flights every day this week after a winter storm last weekend, reported fewer than 40 cancellations early Friday.

DALLAS (AP) — Southwest Airlines said it expects to return to normal operations Friday after slashing about two-thirds of its schedule in recent days, including canceling another 2,350 flights Thursday. Southwest is struggling to recover after being overwhelmed by a winter storm that left hundreds of pilots and flight attendants stranded out of position to operate flights. It is likely that far more than 1 million passengers have been affected.

Taking down the Christmas tree is only one task after the holiday season. For those with a real tree, figuring out what to do with it can be as easy as placing it by the curb. In most states, it can be the gift that keeps on giving. Discarded Christmas trees can be picked up curbside for recycling through regular trash-collection services in various cities. The trees are often shredded for use as compost or mulch that is offered back to residents and non-profit groups free of charge for gardening and landscaping.

DALLAS (AP) — Families hoping to catch a Southwest Airlines flight after days of cancellations, missing luggage and missed family connections suffered through another wave of scrubbed flights, with another 2,500 pulled from arrival and departure boards Wednesday. Exhausted travelers sought passage by other means using different airlines, rental cars, or trains — or they've simply given up.

The Chinese government says it will start issuing new passports in another major step away from anti-virus travel barriers. That sets up a potential flood of millions of tourists out of China for …

Investors found few, if any, safe havens in 2022, as central banks in the U.S. and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession. Consumers paid more for energy, food and just about everything else. Borrowing to buy a home or a car also got costlier.

Thousands of travelers have been stranded at airports or stuck on hold trying to rebook flights this week as a massive storm snarled travel in the U.S. and Canada. More than 2,800 more flights had …

NEW YORK (AP) — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.

A choppy day on Wall Street ended with broad gains for stocks Friday, though most of the major indexes wound up with their third weekly loss in a row. Mixed economic news weighed on stocks early on, but the indexes rebounded by late afternoon amid relatively light trading ahead of a long holiday weekend.

WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday's report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1% increase in October and the smallest gain since October 2021.

Japan’s Cabinet has approved record defense spending next year in preparation for the country deploying U.S.-made Tomahawks and other long-range cruise missiles as part of a more offensive security …

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