RICHMOND, Va. (AP) — The lowly penny, the forgotten mainstay of coin jars and car cupholders everywhere, may soon be no more. President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its ...
(AP) — Improving international sales helped McDonald’s overcome some weakness at home in the fourth quarter, but the company said it expects U.S. sales to pick up later this year. McDonald’s said its sales are continuing to recover from an E. coli outbreak last fall tied to its Quarter Pounder hamburgers. The Chicago burger giant said it’s also struggling to get low-income consumers back into its stores despite expanding discounts. McDonald’s U.S. same-store sales, or sales at locations open at least a year, fell 1.4% in the fourth quarter. On a conference call with ...
(AP) — Democratic attorneys general in several states vowed Thursday to file a lawsuit to stop Elon Musk’s Department of Government Efficiency from accessing federal payment systems containing Americans’ sensitive personal information. A dozen attorneys general, including New York’s ...
WASHINGTON (AP) — A familiar pattern has emerged since President Donald Trump returned to the White House less than three weeks ago: He makes a brash proposal, his opponents file a lawsuit and a federal judge puts the plan on hold. It’s happened with Trump’s attempts to freeze certain federal funding, undermine birthright citizenship and push out government workers. Now the question is whether the court rulings are a mere speed bump or an insurmountable roadblock for the Republican president, who is determined to expand the limits of his power — sometimes by simply ignoring ...
WASHINGTON (AP) — When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. But it ...
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico, potentially affecting everything from autos to avocados, which could push prices higher in the coming months. Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third ...
