NEWS

AP-Summary Brief-Business   April 4, 2024 US treasury secretary is in China to talk trade, anti-money laundering and Chinese ‘overproduction’ GUANGZHOU, China (AP) — Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that’s determined to avoid open conflict with the United States. Yet the world’s two largest economies still appear to be hashing out the rules on how to compete against each other. There are tensions over Chinese government support for the manufacturing of electric vehicles and solar panels, just as the U.S. government ramps up its own aid for those […]

AP- News April 4, 2024 The true toll of the war in Ukraine is measured in bodies. This man brings them home, one at a time DOVHENKE, Ukraine (AP) — Oleksii Yukov says the same thing to all the mothers: We will bring your dead children home. The 38-year-old martial arts instructor leads a team of volunteers in Ukraine who collect both Ukrainian and Russian bodies. The true toll of the war in Ukraine can be measured in bodies, and the question of who prevails is being increasingly shaped by which side can tolerate higher losses. For Yukov, every body […]

ROCKY MOUNT, N.C., (April 4, 2024) – Today, the Golden LEAF Board of Directors awarded $8,097,006 in funding to support scholarships for students to attend North Carolina community colleges, the Flood Mitigation Grant Program, the Food Distribution Assistance Program, and the Community-Based Grants Initiative in the Piedmont-Triad Prosperity Zone. “Today the Board awarded funding for scholarships, workforce preparedness, food distribution assistance, and flood mitigation,” said Golden LEAF Board Chair Ralph Strayhorn. “These projects are part of larger strategies that will improve the long-term economic advancement of rural, tobacco-dependent, and economically distressed communities across North Carolina. We look forward to the impact these projects […]

AP-Summary Brief-Business   April 5, 2024 US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength WASHINGTON (AP) — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and far above the 200,000 economists had forecast. By any measure, it amounted to a strong month of hiring, and it reflected the economy’s ability […]

AP- News April 5, 2024 Israel dismisses 2 officers over deadly drone strikes on aid workers in Gaza JERUSALEM (AP) — The Israeli military has dismissed two officers and reprimanded three others for their roles in drone strikes in Gaza that killed seven aid workers on a food-delivery mission. The military said a retired general’s investigation into the killings found the officers mishandled critical information and violated the army’s rules of engagement. The results of the investigation marked an embarrassing admission by Israel, which faces growing accusations from key allies, including the U.S., of not doing enough to protect civilians. […]

AP-Summary Brief-Business   April 8, 2024 JPMorgan’s Dimon warns inflation, political polarization, wars creating risks not seen since WWII NEW YORK (AP) — The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Gaza war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.” The comments came Monday in an annual shareholder letter from […]

AP- News April 8, 2024 The Latest |Americans encouraged to protect their eyes The moon has started to cover up the sun as a partial eclipse begins over the South Pacific. Millions along a narrow corridor in North America from Mexico’s Pacific coast to eastern Canada hope for clouds to clear as they eagerly wait for totality to reach their location. The first location in continental North America to experience totality: Mexico’s Pacific coast, at around 2 p.m. EDT Monday. The weather isn’t looking good for a large part of the eclipse’s path. Clouds could get in the way for […]

AP-Summary Brief-Business   April 9, 2024 Norfolk Southern agrees to pay $600M in settlement related to train derailment in eastern Ohio Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio. The company said Tuesday that the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment. Stock market today: Wall Street inches higher before the bell as […]

AP- News April 9, 2024 Swiss women score a landmark climate win in a court decision that could ripple across Europe STRASBOURG, France (AP) — Europe’s highest human rights court has ruled that its member nations must protect their citizens from the consequences of climate change. Tuesday’s decision was a landmark ruling that sided with a group of 2,000 Swiss women against their government in a case that could have implications across the continent. The European Court of Human Rights rejected two other, similar cases. But the other plaintiffs still rejoiced since the Swiss case sets a legal precedent in […]

AP-Summary Brief-Business   April 12, 2024 How immigrant workers in US have helped boost job growth and stave off a recession MIAMI (AP) — Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates — normally a recipe for a recession? It turns out that the influx of foreign-born adults vastly raised the supply […]

AP- News April 12, 2024 US intelligence finding shows China surging equipment sales to Russia to help war effort in Ukraine WASHINGTON (AP) — China has surged sales to Russia of machine tools, microelectronics and other technology Moscow uses to produce missiles, tanks, aircraft and other weaponry. That’s according to two senior Biden administration officials who discussed the sensitive findings on the condition of anonymity Friday. The officials say last year 90% of Russia’s microelectronics came from China, which Russia has used in missiles, tanks and aircraft. Nearly 70% of Russia’s approximately $900 million in machine tool imports in the […]

AP-Summary Brief-Business   April 16, 2024 Fed’s Powell: Elevated inflation will likely delay rate cuts this year WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion. “If higher inflation does persist,” he said, “we can maintain the current level […]

AP- News April 16, 2024 Israel’s military chief says that Israel will respond to Iran’s weekend missile attack JERUSALEM (AP) — Israel’s military chief says Israel will respond to Iran’s weekend missile strike. But he has not elaborated on when and how. Lt. Gen. Herzi Halevi said Monday that Israel is still considering its next steps and that the Iranian strike of missiles and attack drones “will be met with a response.” Halevi spoke during a visit to the Nevatim air base, which Israel says suffered light damage in the Iranian attack. Prime Minister Benjamin Netanyahu has been huddling with […]

AP-Summary Brief-Business April 17, 2024 Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel PITTSBURGH (AP) — President Joe Biden has told an audience of cheering unionized steelworkers that his administration will block the acquisition of U.S. Steel by a Japanese company, potentially. And he’s calling for a tripling of tariffs on Chinese steel. The Democratic president is seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground. He said Wednesday that U.S. Steel “has been an iconic American company for more than a century and it […]

AP- News April 17, 2024 Senate dismisses one of two articles of impeachment against Homeland Security secretary WASHINGTON (AP) — The Senate has voted to dismiss the first of two articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, the first step in ending its trial on his handling of the U.S.-Mexico border. Democrats said the article, which charged Mayorkas with “willful and systemic refusal to comply with the law” is unconstitutional. Senate Majority Leader Chuck Schumer said the articles of impeachment against Mayorkas “fail to meet the high standard of high crimes and misdemeanors.” The House narrowly voted in […]