NEW YORK (AP) — Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
NEW YORK (AP) — Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.
WASHINGTON (AP) — The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors' use of the U.S. market to launder money made through illicit activity.
BEIJING (AP) — China’s central bank expanded the supply of money for lending Monday as Beijing tried to reassure its public and investors the economy can be protected if a troubled real estate developer’s $310 billion mountain of debt collapses.
Stocks rose broadly on Wall Street Monday, nearly reversing the S&P 500's losses from last week, when jitters over a new coronavirus variant roiled markets.
WASHINGTON (AP) — Among the fastest-growing forms of cryptocurrency are stablecoins, which use blockchain technology like Bitcoin and ethereum. Stablecoins are distinct, though, because they are pegged to a government-backed currency, like the dollar, or to gold.
BERLIN (AP) — German factory orders dropped steeply in October, pushed down by much lower demand from countries outside the euro area, according to official statistics released Monday.
The Economy Ministry said orders were down 6.9% compared with the previous month, the second big drop in three months.
RALEIGH, N.C. (AP) — Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant's growing goals of electric vehicle sales this decade.
DIAMNIADIO, Senegal (AP) — Travel restrictions imposed on South Africa and other African nations for telling the world about the omicron variant are hypocritical, harsh and not supported by science, South Africa's president said Monday, recalling the phrase used by the U.N.
Starting Monday, DoorDash is offering grocery delivery in 15 minutes or less in the Chelsea neighborhood in New York.
But instead of the army of gig workers it typically relies on to fulfill orders, DoorDash is forming a new company — called DashCorps — to employ couriers to handle the deliveries.
LOS ANGELES (AP) — The former head of the Los Angeles Department of Water and Power — the nation’s largest public utility — has agreed to plead guilty to taking bribes in a corruption scandal that grew out of an automated billing disaster that stuck ratepayers with exorbitant bills, federal prosecutors said Monday.
JOINT BASE PEARL HARBOR-HICKAM, Hawaii (AP) — The U.S. Navy announced Monday that it has suspended use of a massive World War II-era fuel storage complex above a Hawaii aquifer that supplies nearly 20% of Honolulu’s drinking water — following days of complaints that tap water smells like fuel and has sickened some people.
WASHINGTON (AP) — California Republican Rep. Devin Nunes, who was one of former President Donald Trump’s most ardent loyalists in Congress, is leaving the House at the end of this year to join Trump’s fledgling media company.
GALLUP, N.M. (AP) — The Navajo Nation has filed new criminal complaints against its former top financial officer, accusing her of misrepresenting information on a company hired to do rapid COVID-19 testing on the reservation.
RICHMOND, Va. (AP) — A Virginia judge issued a temporary injunction Monday blocking the enforcement of a law that banned a type of electronic betting machine that had proliferated in gas stations, bars and other locations around the state.
HELENA, Mont. (AP) — The Montana Public Service Commission is requiring hefty payments for legal reviews before releasing information that should be public record, a newspaper group alleges in a court petition against the agency.
LOS ANGELES (AP) — Fired CNN anchor Chris Cuomo said he's dropping his SiriusXM radio show, a decision that followed a sexual harassment allegation.
“While I have a thick skin, I also have a family, for whom the past week has been extraordinarily difficult,” Cuomo said in a Twitter post Monday.
NEW YORK (AP) — Billionaire hedge fund manager Michael Steinhardt has agreed to turn over $70 million worth of stolen antiquities and will be subject to an unprecedented lifetime ban on acquiring antiquities, the Manhattan district attorney announced Monday.
PHOENIX (AP) — Extreme heat is expensive.
That's the conclusion of a study presented Monday by The Nature Conservancy, which commissioned a look at the costs of rising temperatures in Phoenix.
DES MOINES, Iowa (AP) — A state panel agreed Monday to spend nearly $2 million to settle two federal lawsuits brought against the University of Iowa in 2017 after a religious group denied a gay student a leadership role.
WASHINGTON (AP) — Fred Hiatt, a foreign correspondent who rose in 2000 to become The Washington Post’s editorial page editor, died Monday at a hospital in New York City. He was 66.
According to the Post, his wife, Margaret “Pooh” Shapiro, said Hiatt had cardiac arrest while visiting his daughter in Brooklyn, N.Y., on Nov.
WASHINGTON (AP) — President Joe Biden pledged Monday that his social agenda legislation would deliver tangible savings on prescription drugs for all Americans. Relief that consumers have clamored for is now in sight, he asserted.
BEVERLY HILLS, Calif. (AP) — Prosecutors filed charges Monday against a 29-year-old man in the fatal shooting of philanthropist Jacqueline Avant, the wife of legendary music executive Clarence Avant, last week at their Beverly Hills home.
Congressional Democrats are raising concerns that the proposed merger of Discovery and AT&T’s WarnerMedia, a $43 billion effort to conquer the world of streaming, could affect diversity efforts in Hollywood and particularly hurt Latinos, who are already deeply underrepresented.
TOPEKA, Kan. (AP) — Kansas will receive nearly $27.6 million from a legal settlement with the company that manages prescription costs for its Medicaid program, after an investigation into whether the company had overcharged the state, Attorney General Derek Schmidt announced Monday.
ATLANTA (AP) — A microchip maker will open a design center in Atlanta next month that it says will create 500 jobs.
Idaho-based Micron Technology made the announcement Monday, saying it wanted its design center for memory chips to be near Georgia Tech and other Atlanta-area colleges.
FLINT, Mich. (AP) — A $50 million lawsuit was filed against a utility company over an explosion that killed two people and damaged several homes in Flint, Michigan.
DENVER (AP) — A state audit has found that Colorado likely or potentially paid $73.1 million in fraudulent unemployment claims during the coronavirus pandemic's first year, including $3.9 million on behalf of dead people and $5 million on behalf of people who were unqualified because they were incarcerated.
SAVANNAH, Ga. (AP) — The Georgia Ports Authority agreed Monday to accelerate a $150 million expansion at the Port of Savannah in response to a surge in cargo volumes that has cramped its container yard and kept ships waiting at sea.
ALBUQUERQUE, N.M. (AP) — Exxon Mobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific oilfields in the United States, saying it hopes to achieve its net-zero goal for operations in the Permian Basin by 2030.
Trump media venture gets scrutiny from US market regulators
NEW YORK (AP) — Regulators are asking questions about the deal to bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
TRENTON, N.J. (AP) — Four of Atlantic City's nine casinos are in danger of closing if the state does not pass a bill giving tax breaks to the casinos, New Jersey’s outgoing state Senate president said Monday.
Stocks closed solidly higher on Wall Street Monday, aided by a broad rally that included travel-related companies that stand to benefit from more reopening of the economy.
The S&P 500 rose and made up nearly all the ground it lost last week.
Stocks that traded heavily or had substantial price changes Monday:
Del Taco Restaurants Inc., up $4.98 to $12.51.
Jack in the Box is paying a big premium to buy the California-based restaurant chain.
SAN FRANCISCO (AP) — The owners of a San Francisco restaurant have apologized for denying service to three police officers over the weekend because their weapons made their staff “uncomfortable.”
The owners of Hilda and Jesse Restaurant apologized in a social media post published Sunday following an outcry and calls to boycott the eatery because the officers were asked to leave shortly after they sat down Friday.
NEW YORK (AP) — From big Wall Street banks to corner grocery stores, all private employers in New York City will have to require their workers to get vaccinated against COVID-19, the mayor announced Monday in the most sweeping vaccine mandate of any state or big city in the U.S.
BERLIN (AP) — A group representing Germany's main scientific organizations has accused the country's biggest-selling newspaper of contributing to public hostility against scientists during the coronavirus pandemic.
Sometime in the next few years, crews dispatched by the Environmental Protection Agency will roll into Ashland, Massachusetts, population 19,000, and begin a $20.5 million cleanup of groundwater contaminated by waste from a chemical dye plant.
Benchmark U.S. crude oil for January delivery rose $3.23 to $69.49 a barrel Monday. Brent crude for February delivery rose $3.20 to $73.08 per barrel.
Wholesale gasoline for January delivery rose 9 cents to $2.04 a gallon.
A pipeline developer will dredge part of a contaminated lake and pay more than $4 million for spilling thousands of gallons of drilling fluids at a popular state park outside Philadelphia, Pennsylvania state officials announced Monday in a settlement that will allow construction to resume.
OMAHA, Neb. (AP) — Union Pacific railroad plans to expand its use of renewable fuels and explore using battery-powered locomotives in the coming years to cut its emissions of greenhouse gases.
The Omaha, Nebraska-based company said Monday that it plans to cut its emissions of greenhouse gases 26% by 2030 when compared to its 2018 levels.
FRANKLIN, N.H. (AP) — Several rural businesses in New Hampshire and Vermont are getting opportunities to construct solar arrays and work on other energy-related projects because of investments the U.S.
LONDON (AP) — One of the scientists behind the Oxford-AstraZeneca COVID-19 vaccine is warning that the next pandemic may be more contagious and more lethal unless more money is devoted to research and preparations to fight emerging viral threats.
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline fell 3 cents over past two weeks, to $3.46 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price drop is partly because of a crash in crude oil costs.
ALBUQUERQUE, N.M. (AP) — Global energy giant Iberdrola, New Mexico’s largest electric utility and other groups on Monday asked state regulators to present oral arguments before a vote is taken on a proposed multibillion-dollar merger that would affect more than 500,000 customers and potentially the pace of renewable energy development in the state.
CAMARILLO, Calif. (AP) — In a story published December 5, 2021, about the latest gas prices survey, The Associated Press erroneously reported the two-week price drop was 2 cents; it was 3 cents.
LONDON (AP) — Three 2021 Nobel Prize laureates said Monday that climate change is the biggest threat facing the world — yet they remain optimistic — as this year's winners began receiving their awards at scaled-down local ceremonies adapted for pandemic times.
JERUSALEM (AP) — Israel's Defense Ministry on Monday announced that it was tightening supervision over cyber exports — a move that follows a series of scandals involving Israeli spyware company NSO Group.
COLUMBUS, Ohio (AP) — Graduates of any Ohio college, public or private, who take a full-time job in the state would be exempt from state income tax for up to three years, under legislation proposed Monday by a Republican lawmaker with an aim of recruiting and retaining Ohio college students.