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Business

Court decision may slow transition to cleaner energy

NEW YORK (AP) — The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector — and make it harder for the Biden administration to meet its goal of having ...

‘Elvis,’ ‘Top Gun’ tie for box-office crown with $30.5M each

NEW YORK (AP) — Baz Luhrmann’s Elvis Presley biopic “Elvis” shook up theaters with an estimated $30.5 million in weekend ticket sales, but — in a box-office rarity — “Elvis” tied “Top Gun: Maverick,” which also reported $30.5 million, for No. 1 in theaters. Final figures ...

Crypto investors’ hot streak ends as harsh ‘winter’ descends

NEW YORK (AP) — The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy ...

Biden says decision on gas tax holiday may come this week

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after taking a ...

Inflation taking bite out of new infrastructure projects

The price of a foot of water pipe in Tucson, Arizona: up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. The estimate to build a new airport terminal in Des Moines, Iowa: 69% higher, with a several year delay. Inflation is taking a toll on infrastructure projects ...

Report: Smoking bans no longer a threat to casino revenue

ATLANTIC CITY, N.J. (AP) — For decades, it was accepted wisdom in the casino industry that eliminating smoking would automatically lead to revenue declines and customer losses. But a new report examining how the coronavirus pandemic has changed gamblers’ habits says that may no longer be ...