Average US long-term mortgage rate climbs to 6.51%, highest level in 9 months

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year.

Taiwan investigate 3 people over Nvidia chip smuggling to China

TAIPEI, Taiwan (AP) – Authorities in Taiwan are investigating three people on suspicion of using forged documents to smuggle computer servers containing advanced Nvidia chips to China, prosecutors said Thursday. The high-performance AI servers were made by the San Jose, California-based Super Micro Computer Inc.

Congressional committee asks telecoms to prevent scams as losses surge

WASHINGTON (AP) – A powerful congressional committee is urging major telecommunications companies to do more to protect Americans against scams, part of a widening investigation into the role that U.S. companies play in the surge in cyberscams that cost Americans an estimated $200 billion in 2024.

Editorials from The Wall Street Journal, The Washington Post, The New York Times and others

Editorials from The Wall Street Journal, The Washington Post, The New York Times and others

Takeaways from AP's report on deep-sea mining

WASHINGTON (AP) – In the year since President Donald Trump signed an executive order promising to create a deep-sea mining industry from scratch, businesses have raised millions of dollars from investors, stock prices have soared and federal regulators have raced to fast-track a permitting process.

Trump will ease refrigerant rule in a bid to address surging grocery costs

WASHINGTON (AP) – The Trump administration is set to loosen a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment, in what officials say is a push to lower grocery costs.

A decade after Standing Rock protests, Dakota Access oil pipeline gets OK

BISMARCK, N.D. (AP) – Federal officials on Thursday gave final approval for the Dakota Access oil pipeline to continue operating its contentious Missouri River crossing, an outcome that comes nearly a decade after boisterous protests against the project on the North Dakota prairie.

Target books strongest sales growth in 4 years

NEW YORK (AP) – Target reported the largest jump in comparable sales in four years Wednesday, but a cautious outlook overshadowed convincing evidence that changes under the company’s new CEO are resonating with customers.

Nvidia Q1 results surpass Wall Street expectations

Artificial intelligence chipmaker Nvidia’s quarterly results surpassed Wall Street’s expectations once again, fueled by massive demand for its high-end AI chips.