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Business

Semiconductor bill unites Sanders, the right — in opposition

WASHINGTON (AP) — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill making its way through the Senate is a top priority of the Biden ...

Average U.S. gasoline price falls 32 cents to $4.54 per gallon

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plunged 32 cents over the past two weeks to $4.54 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall. “Further drops at ...

Gun violence leads community groups to take bolder action

SEATTLE (AP) — Dominique Davis was inside a Seattle-area church one day in March 2021 when a man with a handgun opened fire during a meeting of Community Passageways, a group he founded that works to curb gun violence. The gunman shot 19-year-old Omari Wallace several times before fleeing. ...

House to vote on same-sex marriage, responding to high court

WASHINGTON (AP) — The U.S. House prepared to vote Tuesday on legislation to protect same-sex and interracial marriages amid concerns that the Supreme Court ruling overturning Roe v. Wade abortion access could jeopardize other rights criticized by many conservative Americans. With a robust ...

Wall Street rally fades as corporate profit reporting ramps up

(AP) ­— Stocks closed lower on Wall Street Monday after an early rally evaporated by midafternoon, marking a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 fell 0.8% ...

U.S. inflation surges again in June, raising risks for economy

WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk of a recession. The government’s ...