Wall Street’s losses worsen as markets tumble worldwide
NEW YORK (AP) — Wall Street is tumbling toward its lowest point in more than a year on Monday. The S&P 500 is down 2.1% in afternoon trading. Renewed worries about China’s economy on Monday are piling on top of markets already battered by rising interest rates. Not only did stocks fall across Europe and…
Read MoreUS added 428,000 jobs in April despite surging inflation
WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century. Employers have added at…
Read MoreIntuit to pay $141M settlement over ‘free’ TurboTax ads
NEW YORK (AP) — New York's attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services. Under the terms of a settlement signed by the attorneys general of all 50 states, Intuit Inc.…
Read MoreFirst civilians leave Mariupol steel plant; hundreds remain
ZAPORIZHZHIA, Ukraine (AP) — The first civilians evacuated from the bombed-out steel plant that has become the last stronghold of Ukrainian fighters in Mariupol are slowly making their way toward safety Monday, as others who managed to escape the city describe terrifying weeks of bombardment and deprivation. More than 100 civilians — including elderly women…
Read MoreUkraine cracks down on ‘traitors’ helping Russian troops
KHARKIV, Ukraine (AP) — Ukrainian authorities are cracking down on anyone suspected of aiding Russian troops under laws enacted by Ukraine’s parliament and signed by President Volodymyr Zelenskyy after the Feb. 24 invasion. Offenders face up to 15 years in prison for acts of collaborating with the invaders or showing public support for them. Not…
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