NEW YORK — U.S. stocks are climbing closer to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy. The S&P 500 was 1.2% higher after...
Supreme Court Rejects GOP Push to Block 41K Arizona Voters, but Partly OKs Proof of Citizenship Law
WASHINGTON — The Supreme Court on Thursday rejected a Republican push that could have blocked more than 41,000 Arizona voters from casting ballots for president in the state that Democrat Joe Biden won by less than 11,000 votes four years ago. But in a 5-4 order, the high court allowed...
FDA Approves Updated COVID-19 Vaccines, Shots Should Be Available in Days
WASHINGTON — U.S. regulators approved updated COVID-19 vaccines on Thursday, shots designed to more closely target recent virus strains -- and hopefully whatever variants cause trouble this winter, too. With the Food and Drug Administration's clearance, Pfizer and Moderna are set to begin shipping millions of doses. A third U.S....
Roadside Tesla Semi Fire Where Temperatures Reached 1,000 Degrees Draws in NTSB Investigation
DETROIT — A crash and large fire along a California freeway involving an electric Tesla Semi has drawn the attention of federal safety investigators. The U.S. National Transportation Safety Board said Thursday it's sending a team of investigators from the Office of Highway Safety mainly to look into fire risks...
The Price of Gold Is at a Record High. Here’s Why
NEW YORK — A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That's the highest closing price recorded for the commodity to date. Here's what you need to know. What...
Ukraine’s Parliament Approves Ban on Moscow-Linked Religious Groups. One Church Is Seen as a Target
KYIV — Ukraine's parliament has banned the activities of religious groups tied to the Russian Orthodox Church or any other faith group supporting Russia's invasion — a measure widely seen as targeting a Ukrainian religious body, despite its claim to independence from Moscow. The bill creates the legal tools for...
US Applications for Unemployment Benefits Inch Up, but Remain at Historically Healthy Levels
WASHINGTON - Slightly more Americans filed for unemployment benefits last week, but the number of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday. The four-week average of claims, which evens out some of the weekly...
Canada’s 2 Major Freight Railroads at a Full Stop; Government Officials Scramble
TORONTO — Business and consumers throughout Canada and the U.S. could suffer significant economic harm after Canada's major freight railroads came to a full stop Thursday because of a contract dispute with their workers. Canadian government officials met urgently to discuss the shutdown. Canadian National and CPKC railroads both locked...
NWSL Reaches New Collective Bargaining Agreement That Adds More Money for Players, Ends Draft
NEW YORK — The National Women's Soccer League and its players have reached a deal on a new collective bargaining agreement that eliminates the draft, guarantees all contracts, provides for parental leave and childcare benefits and promises more money for the players. Increased Salaries and Revenue Sharing The deal that...
Kirk Ferentz, Assistant Suspended for No. 25 Iowa’s Opener Over Recruiting Violation, Reports Say
IOWA CITY — Iowa coach Kirk Ferentz and an assistant coach will be suspended for the No. 25 Hawkeyes' opener against Illinois State on Aug. 31 over a violation while recruiting quarterback Cade McNamara, according to multiple media outlets. Reports Cite Unidentified Source The Athletic, citing an unidentified source, first...