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Maryland program to help Port of Baltimore businesses retain employees begins

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore announced on Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to prevent layoffs while recovery work continues. The program was created by executive order and authorized by emergency legislation the governor signed on Tuesday. “We must do everything in our power to support the 8,000 Port workers whose jobs have been directly affected by the collapse of the Key Bridge — and the thousands more who have been ...

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates

LOS ANGELES (AP) — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make a ...

Higher gas and rents keep U.S. inflation elevated, likely delaying Fed rate cuts

WASHINGTON (AP) — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. Prices outside the volatile food and energy categories rose 0.4% from February to March, the same accelerated pace as in the previous month. Measured from a year earlier, these core prices are up 3.8%, unchanged from the year-over-year rise in February. The Fed closely tracks core ...

Ford recalls nearly 43,000 SUVs due to gas leaks that can cause fires, but remedy won’t fix leaks

DETROIT (AP) — Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires. But the recall remedy does not include repairing the fuel leaks. The recall covers certain Bronco Sport SUVs from the 2022 and 2023 model years, as well as Escape SUVs from 2022. All have 1.5-liter engines. Ford says in documents filed with U.S. safety regulators that fuel injectors can crack, and gasoline or vapor can accumulate near ignition sources, possibly touching off fires. Dealers will install a tube to let ...