MONEY NEWS FROM THE ASSOCIATED PRESS

Money

Ex-OppenheimerFunds worker charged in $8M inside trade case

NEW YORK (AP) — A former OppenheimerFunds analyst was freed Thursday on $1.5 million bail after he was arrested on insider trading charges alleging he used secrets at the firm to collect over $8 million in illegal profits. Sergei Polevikov, 48, of Port Washington, New York, was arrested late Wednesday on securities, wire, and investment […]
3 days ago

Probe: Michaels, Minnesota cops violated Black teen’s rights

MINNEAPOLIS (AP) — The manager of a suburban Minneapolis Michaels store called police on a teenager looking for a job simply because he is Black and officers then used unreasonable force against him because of his race, a state agency that investigates civil rights abuses said in findings released Thursday. The 16-year-old boy repeatedly said […]
3 days ago

US court revives suit against Facebook over TV host’s image

PHILADELPHIA (AP) — A federal appeals court has revived a Philadelphia newscaster’s lawsuit against Facebook over the unauthorized use of her image in advertisements for dating sites and sex-related products that ran on the site. A divided panel concluded that Facebook is not immune from Fox 29 host Karen Hepp’s claim that the advertisements violated […]
3 days ago
FILE - This July 2, 2021, file photo shows a sign stating face coverings are required is displayed ...

US: Number of unruly air travelers lower, still too high

WASHINGTON (AP) — The rate of unruly passengers on airline flights is down sharply from early this year but is mostly unchanged over the past three months and remains more than twice the level seen in late 2020, according to government figures. The Federal Aviation Administration on Thursday took credit for the recent decrease, linking […]
3 days ago

How major US stock indexes fared Thursday

Stocks rose broadly for a second day in a row on Wall Street Thursday, reversing the market’s losses for the week just three days after the S&P 500 had its biggest skid since May. The S&P 500, Dow Jones Industrial Average and Nasdaq rose. Investors were pleased to have gotten some clarity from the Federal […]
3 days ago

Salesforce.com, Darden rise; Steelcase, Rite Aid fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: H.B. Fuller Co., up $4.76 to $65.19. The adhesives company beat Wall Street’s fiscal third-quarter revenue forecasts. Steelcase Inc., down 65 cents to $12.70. The furniture company’s fiscal second-quarter financial results were hurt by persistent supply chain problems. Otis Worldwide Corp., […]
3 days ago
A fisherman eats below the exposed support beams of the port of Asuncion, amid a historic drought t...

Paraguay River hits record low, imperiling economy

ASUNCION, Paraguay (AP) — Paraguay’s crucial outlet to the sea fell to its lowest level in at least 117 years on Thursday, threatening massive economic losses to the small South American nation. Government figures showed the Paraguay River at 56 centimeters (22 inches) below reference in Asuncion, the capital, about 2 centimeters below last year’s […]
3 days ago

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for November delivery rose $1.07 to $73.30 a barrel Thursday. Brent crude oil for November delivery rose $1.06 to $77.25 a barrel. Wholesale gasoline for October delivery rose 5 cents to $2.17 a gallon. October heating oil rose 4 cents to $2.25 a gallon. October natural gas rose 17 cents $4.98 […]
3 days ago
A model wears a creation for the Emporio Armani Spring Summer 2022 collection during Milan Fashion ...

Emporio Armani celebrates 40 years during Milan Fashion Week

MILAN (AP) — Milan is once again basking in the joy of snarled traffic for Milan Fashion Week, a sneak peek at what real normalcy might look like one day. Health passes are being checked at the door of in-person shows and presentations, giving a sense of security to events that not so long ago […]
3 days ago

Tyra Banks, Kevin Hart set for Black entrepreneurship event

LOS ANGELES (AP) — Tyra Banks, Kevin Hart and Shaquille O’Neal are among the celebrities taking part in a live-streamed special intended to boost Black-owned businesses and entrepreneurship. Daymond John of TV’s “Shark Tank” will host “Black Entrepreneurs Day” from New York City’s Apollo Theater on Oct. 14 (7 p.m. EDT). It will be available […]
3 days ago
FILE - In this Dec. 16, 2020, file photo, Julie Petre, an ICU pharmacist, receives the Pfizer-BioNT...

Providers challenge only US law banning vaccine mandates

HELENA, Mont. (AP) — Medical providers and Montana residents with compromised immune systems are challenging the only law in the U.S. that prevents employers from mandating workers get vaccinated amid a surge of COVID-19 infections. They argue the new law violates federal requirements for safe workplaces and reasonable accommodations for people with disabilities and want […]
3 days ago
This is a home sold in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021.  Average long-term mortgage ...

US long-term mortgage rates up slightly; 30-year at 2.88%

WASHINGTON (AP) — Average long-term mortgage rates rose slightly this week continuing a months-long trend of little movement. They remained under 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage edged up to 2.88% from 2.86% last week. That’s very close to where the benchmark rate stood at this […]
3 days ago

Feds say tougher rules needed to protect Texas power plants

DALLAS (AP) — Federal officials made more than two dozen recommendations Thursday aimed at further safeguarding power plants and natural gas supplies to prevent a repeat of the February blackouts that caused more than 200 deaths in Texas. Staff at the Federal Energy Regulatory Commission and the North American Reliability Corp. made their recommendations to […]
3 days ago
A petrol station in Liverpool, England,  Thursday Sept. 23, 2021, which was closed due to having no...

BP, Exxon warn of supply issues in UK due to driver shortage

LONDON (AP) — The British government sought to ease concerns Thursday of a fuel crisis after oil giants BP and ExxonMobil-owned Esso warned they had to ration supplies and close some gas stations as a result of a truck driver shortage. BP said it was reducing gasoline and diesel deliveries and that a “handful” of […]
3 days ago
FILE - In this July 1, 2021 file photo, Melinda Gates, Co-Chair of the Bill and Melinda Gates Found...

Philanthropies pledge billions during UN meeting

The Bill and Melinda Gates Foundation announced plans Thursday to spend more than $900 million over the next five years to curb global malnutrition, a move to stem the rise in world hunger during the COVID-19 pandemic. It’s one of several pledges private donors made this week as world leaders gather in New York for […]
3 days ago
FILE - This Feb. 9, 2019, file photo shows a sign bearing the company logo outside a Tesla store in...

NTSB seeks video, photos of fiery South Florida Tesla crash

WASHINGTON (AP) — U.S. safety investigators are asking anyone who witnessed a fiery Tesla crash last week near Miami that killed two people to send them video or photos taken at the scene. The National Transportation Safety Board sent three investigators to the Sept. 13 crash in Coral Gables, Florida. The agency says Thursday that […]
3 days ago
FILE - In this Jan. 12, 2021, file photo resident of Harmony Court Assisted Living receives the Pfi...

CDC leader adds people with risky jobs to COVID booster list

The Centers for Disease Control and Prevention on Thursday endorsed booster shots for millions of older or otherwise vulnerable Americans, opening a major new phase in the U.S vaccination drive against COVID-19. CDC Director Dr. Rochelle Walensky signed off on a series of recommendations from a panel of advisers late Thursday. The advisers said boosters […]
4 days ago
This image provided by General Motors shows the GM Logo.  General Motors is investing $300 million ...

GM invests $300M in China’s self-driving car company Momenta

General Motors is investing $300 million in China’s self-driving car company Momenta. GM said Thursday that the investment will speed up the development of next-generation self-driving technologies in China. The move is also part of a plan GM announced three months ago to invest $35 billion in engineering and capital in electric vehicle and autonomous […]
4 days ago

Boston requiring zero emissions for large buildings by 2050

BOSTON (AP) — The Boston City Council has unanimously approved an ordinance that addresses climate change by requiring all buildings larger than 20,000 square feet to eliminate carbon emissions by 2050. Acting Mayor Kim Janey intends to sign the ordinance approved Wednesday, according to a spokesperson. “This is the most transformative thing we have done […]
4 days ago

Ukraine passes law to limit oligarchs’ influence on politics

KYIV, Ukraine (AP) — Ukrainian lawmakers on Thursday approved a law aimed at limiting the influence of oligarchs on politics. The move comes a day after the car of a top aide to Ukrainian President Volodymyr Zelenskyy came under gunfire, an incident the president said could have been triggered by the reform. The law, initiated […]
4 days ago
Customers arrive at a Target store, Wednesday, June 2, 2021, in North Miami Beach, Fla.  Target say...

Target trims holiday hiring goals

NEW YORK (AP) — Target will hire fewer seasonal workers this year, instead offering more hours and flexibility to the employees it does have. About 100,000 seasonal workers will be hired nationwide, the company said Thursday, about 30,000 less than last year. Many of those workers will be offered jobs beyond the holiday season. A […]
4 days ago
A hiring sign is placed at a booth for prospective employers during a job fair Wednesday, Sept. 22,...

US jobless claims tick up from near a pandemic low

WASHINGTON (AP) — The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may be disrupting the job market’s recovery, at least temporarily. Thursday’s report from the Labor Department showed that jobless claims rose by 16,000 from the […]
4 days ago
Turkish President Recep Tayyip Erdogan addresses the 76th Session of the United Nations General Ass...

Turkish central bank bows to Erdogan’s pressure to cut rates

ISTANBUL (AP) — Turkey’s Central Bank unexpectedly cut the main interest rate by one percentage point on Thursday, bowing to President Recep Tayyip Erdogan’s demand for lower borrowing rates to boost growth. The bank’s monetary committee cut the policy rate from 19% to 18% despite an annual inflation rate of 19.25%. Economists generally view higher […]
4 days ago
FILE - Trader John Romolo works on the floor of the New York Stock Exchange, Thursday, Sept. 9, 202...

Once-hot SPAC investments return to earth

NEW YORK (AP) — The spectacular run for the investing phenomenon known as SPACs, once the hottest thing on Wall Street, has fizzled so much that many have been relegated to the bargain bin. These special-purpose acquisition companies are often called “blank-check companies” because they have no real business other than hunting for privately owned […]
4 days ago