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Business

U.S., Mexico to cooperate on semiconductors, electric vehicles

MEXICO CITY (AP) — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized ...

Feds take aim at some Trump offshore safety rule rollbacks

NEW ORLEANS (AP) — The U.S. Department of the Interior said Monday that it wants to reverse some Trump administration rollbacks of offshore safety rules to prevent blowouts like the BP catastrophe that killed 11 people and fouled the Gulf of Mexico in 2010. “This proposed rulemaking will ...

Wall Street rallies further ahead of inflation report

NEW YORK (AP) — Stocks climbed again Monday, as Wall Street made its final moves ahead of a high-stakes report that will hopefully show inflation hammered the economy less hard last month. The S&P 500 rose 43.05, or 1.1%, to 4,110.41 for its fourth straight gain. That’s its longest ...

Starbucks to revamp stores to speed service, boost morale

Starbucks — ringing up record sales but struggling with low employee morale — plans to spend $450 million next year to make its North American stores more efficient and less complex. The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on ...

Storm’s fierce winds complicate California wildfire fight

SAN DIEGO (AP) — A tropical storm nearing Southern California on Friday brought fierce mountain winds, high humidity, rain and the threat of flooding to a region already dealing with wildfires and an extraordinary heat wave that has stressed the electrical grid. In a mix of bad and good, ...

Long-term mortgage rates now at highest point since 2008

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.89% from 5.66% last week. ...