Business News

Where the Trump investigations stand after Mueller

NEW YORK (AP) — Special counsel Robert Mueller's long-awaited report outlined Russian interference in the 2016 presidential election. But Mueller did not establish that members of the Trump campaign conspired or coordinated with the Russian government, and he made no conclusion on the question of whether the president obstructed justice. As lawmakers await a version…

IPO mania: Zoom zooms, Pinterest pins down Wall Street

SAN FRANCISCO (AP) — There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the…

Americans' energy use surges despite climate change concern

WASHINGTON (AP) — Americans burned a record amount of energy in 2018, with a 10% jump in consumption from booming natural gas helping to lead the way, the U.S. Energy Information Administration says. Overall consumption of all kinds of fuels rose 4% year on year, the largest such increase in eight years, a report this…

Rabbis: 'Not kosher' to buy at grocery store during strike

BOSTON (AP) — As thousands of Stop & Shop workers remain on strike in New England, some Jewish families are preparing for Passover without the region's largest supermarket chain, which has deep roots in the local Jewish community. A number of rabbis in Massachusetts, Connecticut and Rhode Island have been advising their congregations not to…

How the major US stock indexes fared Thursday

Major U.S. indexes managed small gains Thursday, though not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial stocks led the way higher on strong company earnings. Financial and energy stocks fell. Pinterest and Zoom Video Communications soared in on their first day of trading. U.S. markets will…

Missouri House backs landowners fighting wind energy line

JEFFERSON CITY, Mo. (AP) — The Missouri House passed legislation Thursday that could effectively block one of the nation's largest wind energy projects by prohibiting its developers from using eminent domain to run a high-voltage power line across the Midwest. The House vote targets a $2.3 billion project that would carry electricity generated by Kansas…

New Mexico panel surprises Facebook with $39M utility bill

ALBUQUERQUE, N.M. (AP) — A powerful New Mexico regulatory authority is requiring the state's largest utility to bill Facebook $39 million for a new transmission line construction for its data center — a move the social media giant says it was not expecting. The Public Regulation Commission's on Tuesday ordered the Public Service Company of…

Commission: New NAFTA would deliver modest economic gains

WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2 billion, and add 176,000 jobs six years after it takes…

Union Pacific, Canopy move higher but Alcoa, Skechers fall

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Alcoa Corp., down $1.06 to $26.66 Lower prices pushed the aluminum products maker to a first quarter loss and the results fell short of forecasts. United Rentals Inc., up $10.24 to $136 The equipment rental company's first quarter profit and revenue beat…