May 20 Uber and Lyft say they’ll operate in Minnesota after Legislature passes driver pay compromise By Associated Press The House agreement announced Saturday after weeks of negotiations would set a minimum pay rate at $1.28 per mile and 31 cents per minute. Uber and Lyft say they will keep operating in the state under those rates. Continue reading
May 16 Dow Jones hits record-high 40,000 points By Stan Choe, Associated Press The Dow Jones Industrial Average hit a new milestone Thursday. Continue reading
May 15 Watch 4:23 Inflation cools but rising prices still dominate Americans’ view of economy By Paul Solman, Diane Lincoln Estes Inflation cooled somewhat in April, according to new numbers from the Bureau of Labor Statistics. The consumer price index rose at an annual rate of 3.4 percent, in line with expectations. But overall, inflation hasn't yet come down quite to… Continue watching
May 15 Why Boeing may not face charges even though the U.S. says it violated a 2021 settlement By David Koenig, Associated Press The Justice Department's determination that Boeing violated corporate probation for deceiving federal regulators does not necessarily mean federal prosecutors will revive criminal charges against the giant aircraft manufacturer. Continue reading
May 15 In first AI dialogue, U.S. cites ‘misuse’ of AI by China, Beijing protests Washington’s restrictions By Jamey Keaten, Kelvin Chan, Associated Press A council spokesperson said the countries exchanged perspectives on AI safety and risk management in "candid and constructive" discussions a day earlier. Continue reading
May 15 U.S. inflation ticked down slightly last month in the first drop of 2024 By Christopher Rugaber, Associated Press A measure of underlying inflation, which excludes volatile food and energy costs, also eased in April. Continue reading
May 14 Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes By Associated Press The Justice Department said Tuesday in a filing in federal district court in Texas that Boeing failed to make changes to prevent it from violating federal anti-fraud laws — a condition of the the 2021 settlement. Continue reading
May 14 Federal Reserve Chair Powell downplays potential for a rate hike despite higher price pressures By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Continue reading
May 14 WATCH: Biden announces new tariffs on Chinese goods including electric vehicles, solar panels By Josh Boak, Fatima Hussein, Paul Wiseman, Didi Tang, Associated Press The Democratic president said that Chinese government subsidies ensure the nation's companies don’t have to turn a profit, giving them an unfair advantage in global trade. Continue reading
May 13 Small, well-built Chinese electric vehicle poses a big threat to the U.S. auto industry By Tom Krisher, Ken Moritsugu, Associated Press The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China. But it drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. Continue reading