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Business Highlights: Cars are scarce, pipeline restarts

___ As chip shortage goes on, cars are scarce and prices are up DETROIT (AP) — Automakers are cutting production as they grapple with a global shortage of computer ...

Rising commodities costs hit Americans at home and on road

NEW YORK (AP) — Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level, with Americans paying more for meat, gasoline, items they keep in their homes and...

EXPLAINER: Why are fears of high inflation getting worse?

WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks. Al...

EXPLAINER: Did US hiring slow because of a ‘labor shortage’?

WASHINGTON (AP) — The anticipation for the U.S. jobs report for April, released Friday morning, was high. Most experts agreed that after a yearlong pandemic, tens of millions of layo...

US unemployment claims fall to a pandemic low of 498,000

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing stre...

Asian stocks mostly higher on hopes for pandemic recovery

TOKYO (AP) — Asian shares were mostly higher Thursday on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pandemic. Jap...

Deputy shooting becomes part of city's long history on race

ELIZABETH CITY, N.C. (AP) — The murder trial of former Minneapolis police Officer Derek Chauvin was wrapping up when Dakwon Gibbs told a friend that George Floyd’s killing — and others like it — would...

Storms spawn twisters in Mississippi, kill 2 in Georgia

YAZOO CITY, Miss. (AP) — Much of the South is again at risk of severe weather Tuesday, forecasters say, after tornadoes struck parts of the region Sunday night and Monday, causing heavy damage in some...

Powell's high-stakes bet: More jobs but only mild inflation

WASHINGTON (AP) — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble. Powell's bet ...

Deputy shooting becomes part of city's long history on race

ELIZABETH CITY, N.C. (AP) — The murder trial of former Minneapolis police Officer Derek Chauvin was wrapping up when Dakwon Gibbs told a friend that George Floyd’s killing — and others like it — would...

Free rides, beer and savings bonds: Vaccinators get creative

Free beer, pot and doughnuts. Savings bonds. A chance to win an all-terrain vehicle. Places around the U.S. are offering incentives to try to energize the nation’s slowing vaccination drive and get Am...

Asian shares, US futures advance after Biden speech

Asian shares rose Thursday and U.S. futures also were higher after President Joe Biden delivered a speech to Congress outlining ambitious plans for jobs- creating spending on early education, child ca...

Fed keeps key rate near zero, sees inflation as 'transitory'

WASHINGTON (AP) — The Federal Reserve is keeping its ultra-low interest rate policies in place, a sign that it wants to see more evidence of a strengthening economic recovery before it would consider ...

Even as economy heats up, Fed to stick with near-zero rates

WASHINGTON (AP) — Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet th...

The Latest: Israel lifts public mask mandate, opens schools

JERUSALEM — Israel has lifted a public mask mandate and fully reopened its education system in the latest easing of coronavirus restrictions following its mass vaccination drive. All...