Economy

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U.S. economy adds 175,000 jobs in April but sees a rise in unemployment

By Paul Wiseman, Associated Press

The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.

Judge in landmark antitrust case grills Google on search engine dominance

By Rebecca Santana, Associated Press

Google reaped an operating profit of nearly $96 billion last year, mostly by selling digital ads — a market that it also dominates largely because it controls about 90 percent of the U.S. internet search market.

Maryland officials release timeline, cost estimate, for rebuilding Francis Scott Key Bridge

By Brian Witte, Associated Press

As salvage efforts continue, authorities also announced late Wednesday they had recovered the body of a fifth person who died in the March 26 collapse.

Union Pacific undermined regulators’ efforts to assess safety, federal regulators says

By Josh Funk, Associated Press

Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined.

Senators want limits on TSA use of facial recognition technology for airport screening

By Rebecca Santana, Associated Press

In a letter Thursday, 14 lawmakers are calling on Senate leaders to use the upcoming reauthorization of the Federal Aviation Administration to limit use of the technology so Congress can put in place some oversight.

Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation

By Collin Binkley, Associated Press

The Biden administration says it'll cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud.

Biden’s historic marijuana shift is his latest election year move for young voters

By Jonathan J. Cooper, Associated Press

The plan comes just weeks after Biden canceled student loans for another 206,000 borrowers. The Democratic president's focus on such issues comes as he fights to hold together the coalition that sent him to the White House in 2020.

PHOTOS: May Day protests mark turbulent times

By Mehmet Guzel, Hyung-Jin Kim, Associated Press

Workers and activists around the world marked May Day with protests Wednesday over the pressure of rising prices and calls for greater labor rights. Pro-Palestinian sentiments were also on display.

WATCH: Fed Chair Powell suggests taming inflation will take longer than expected

By Christopher Rugaber, Associated Press

The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target.

Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing money laundering

By Gene Johnson, Associated Press

A judge on Tuesday credited Zhao for taking responsibility for his wrongdoing. But he said he was troubled by the Binance founder's decision to ignore U.S. banking requirements that would have slowed the company's explosive growth.