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May 11

Home prices are soaring. Is this another bubble?

"It's a strange market that seems like an anomaly," one expert said.
May 11
In this undated stock photo, a "For Sale" sign stands in front of a house.
May 11

They made one-of-a-kind quilts that captured the public's imagination. Then Target came along

Over the past two decades, Gee’s Bend quilts have captured the public’s imagination with their kaleidoscopic colors and their daring geometric patterns
May 11
This photo provided by Tangular Irby shows a Gee's Bend x Target display at a Target store in Trumbull, Conn., Feb. 10, 2024. The multinational retailer launched a limited-edition collection based on the Gee’s Bend quilters' designs for Black History Month in 2024. The Target designs were “inspired by” five Gee's Bend quilters who reaped limited financial benefits from the collection’s success. (Tangular Irby via AP)
May 11

Red, yellow, green ... and white? Smarter vehicles could mean big changes for the traffic light

Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago
May 11
This undated photo provided by the University of Michigan College of Engineering shows Jim Lollar, Mcity test facility manager, as he works inside of a traffic control cabinet at the Mcity Test Facility, identical to ones found at signalized intersections across the country. Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago. (Jeremy Little/University of Michigan College of Engineering via AP)
May 11

The United Auto Workers faces a key test in the South with upcoming vote at Alabama Mercedes plant

The United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama
May 11
Mercedes employees Austin Brooks, David Johnston and Jacob Ryan attend a rally in Tuscaloosa, Ala., May 5, 2024. A month after workers at a Volkswagen factory in Tennessee overwhelmingly voted to unionize, the United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama. More than 5,000 workers at the facility in Vance and nearby battery plant will vote next week on whether to join the UAW. (AP Photo/Kim Chandler)
May 11

America's debt tops $34 trillion, but commission to address it looks dead in Congress

A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challenges
May 11
Sen. Joe Manchin, D-W.Va., asks a question during a Senate Energy and Natural Resources Committee hearing to examine the president's proposed 2025 Department of the Interior budget on Capitol Hill Thursday, May 2, 2024, in Washington. (AP Photo/Mariam Zuhaib)
May 10

Federal judge temporarily halts Biden plan to lower credit card late fees to $8

A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week
May 10
May 10

WABC Radio suspends Rudy Giuliani for flouting ban on discussing discredited 2020 election claims

Rudy Giuliani has been suspended from WABC Radio and his daily show canceled over his violation of a ban on discussing discredited 2020 election claims
May 10
FILE - Former Mayor of New York Rudy Giuliani speaks during a news conference outside the federal courthouse in Washington, Dec. 15, 2023. Guiliani, a lawyer for former President Donald Trump, was among those indicted Wednesday, April 24, 2024, in an Arizona election interference case.(AP Photo/Jose Luis Magana, File)
May 10

Kansas' governor has killed proposed limits on foreign land ownership

Democratic Gov. Laura Kelly has vetoed proposed restrictions on foreign ownership of land in Kansas
May 10
Kansas state Rep. Rui Xu, D-Westwood, watches from the Senate floor as the chamber debates proposed restrictions on foreign ownership of land in Kansas, Saturday, April 6, 2024 at the Statehouse in Topeka, Kan. Xu strongly opposed the bill, viewing it as xenophobic, and Democratic Gov. Laura Kelly has vetoed it. (AP Photo/John Hanna)
May 10

James Simons, mathematician, philanthropist and hedge fund founder, has died

James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86
May 10
FILE - Jim Simons, a businessman and founder of Math for America, poses at his New York office, Wednesday, Dec. 14, 2005. Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation's biggest philanthropists, died Friday, May 10, 2024. He was 86. (AP Photo/Jason DeCrow, File)
May 10

Legal Marijuana Now Party loses major status with Minnesota Supreme Court ruling

The Minnesota Supreme Court on Friday booted the Legal Marijuana Now Party as a major political party in the state
May 10
May 10

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China
May 10
FILE - A worker checks solar panels at a factory in Jiujiang in central China's Jiangxi province on March 16, 2018. The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (Chinatopix via AP)
May 10

Specialty lab exec gets 10-year prison term for 11 deaths from tainted steroids in Michigan

A Michigan judge has sentenced the former executive of a Massachusetts specialty pharmacy to at least 10 years in prison for the deaths of 11 people in 2012
May 10
Judge Matthew McGivney presides during the sentencing of Barry Cadden Friday, May 10, 2024, in Howell, Mich. Cadden, a former executive of a specialty pharmacy, was sentenced to at least 10 years in prison Friday for the deaths of 11 people who were injected with tainted pain medication, part of a meningitis outbreak that affected hundreds across the U.S. in 2012. (AP Photo/Ed White)
May 10

Teen and Miss USA quit their crowns, citing mental health and personal values

The winners of Miss USA and Miss Teen USA resigned from their titles within days of each other
May 10
FILE - Miss USA Noelia Voigt competes in the national costume competition at the Miss Universe Beauty Pageant in San Salvador, Thursday, Nov. 16, 2023. The reigning winners of Miss USA, Noelia Voigt, and Miss Teen USA, UmaSofia Srivastava, handed back their crowns within days of each other this week in a shock to the Miss Universe Organization, which runs both. (AP Photo/Moises Castillo, File)
May 10

Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says

The widow of a man who died after his Tesla veered off the road while he was using its partially automated driving system is suing the carmaker
May 10
This image provided by Colorado State Patrol shows a Tesla Model 3 that crashed on May 16, 2022 in Clear Creek County, Colo. The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system in Colorado in 2022 is suing the car maker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on the road and he died after the car burst into flames after hitting the tree, according to the lawsuit filed by Nora Bass in Colorado state court on May 3, 2024. A passenger was able to escape, it said. (Colorado State Patrol via AP)
May 10

Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades

Living at home as long as possible is preferred by a vast majority of adults over 50
May 10
A grab bar next to the bathtub is shown in the recently remodeled home of Gene and Sallie Carr on Tuesday, May 7, 2024, in Hendersonville, N.C. An increasing number of Americans in their late 50s and older are staying in their houses, some by choice, others because they're locked into low mortgage rates that are too low to give up. (AP Photo/Chris Carlson)
May 10

Tips to make a house or apartment safe and accessible for older adults living at home

With a majority of Americans preferring to live in their own homes as long as possible, experts stress the importance of modifications to keep dwellings safe and accessible
May 10
A grab bar next to the bathtub is shown in the recently remodeled home of Gene and Sallie Carr on Tuesday, May 7, 2024, in Hendersonville, N.C. An increasing number of Americans in their late 50s and older are staying in their houses, some by choice, others because they're locked into low mortgage rates that are too low to give up. (AP Photo/Chris Carlson)
May 10

How major US stock indexes fared Friday, 5/10/2024

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
May 10
May 10

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery fell $1 to $78.26 per barrel Friday
May 10
May 10

New York's legal weed program plagued by inexperienced leaders, report finds

New York’s legal cannabis market has been hampered by inexperienced leaders who treated the state licensing agency like a “mission-driven” startup rather than a government office, according to an internal review
May 10
FILE - Cannabis flowers are displayed for sale, Jan. 24, 2023, in New York. New York’s legal cannabis market has been hampered by inexperienced leaders who treated the agency like a “mission-driven” startup rather than a government office, according to an internal review released Friday., May 10, 2024. (AP Photo/John Minchillo, File)
May 10

Betting money for the WNBA is pouring in on Caitlin Clark and the Indiana Fever

The betting public is throwing money on Caitlin Clark and the Indiana Fever as the WNBA prepares to open one of the more-anticipated seasons in league history
May 10
A'ja Wilson, of the WNBA's Las Vegas Aces, right, presents a jersey to President Joe Biden during an event to celebrate the 2023 WNBA championship team, in the East Room of the White House, Thursday, May 9, 2024, in Washington. (AP Photo/Evan Vucci)
May 10

California Gov. Gavin Newsom proposes slashing 10,000 vacant state jobs and other cuts to close $27.6 billion deficit

California Gov. Gavin Newsom proposes slashing 10,000 vacant state jobs and other cuts to close $27.6 billion deficit
May 10
May 10

700 hotel union workers launch 48-hour strike at Virgin Hotels casino near Las Vegas Strip

About 700 workers have walked off the job at a hotel-casino near the Las Vegas Strip in what union organizers say will be a 48-hour strike after spending months trying to reach a deal for new five-year contract with Virgin Hotels
May 10
Culinary Local 226 members picket at the start of a 48 hour strike at Virgin Hotels in Las Vegas, Friday, May 10, 2024. About 700 workers walked off the job at a hotel-casino just off the Las Vegas Strip Friday morning in what union organizers said would be a 48-hour strike after spending months trying to reach a deal for new 5-year contract with Virgin Hotels. (K.M. Cannon/Las Vegas Review-Journal via AP)
May 10

Film academy launches $500M fundraising campaign ahead of 100th Oscar anniversary

The Academy of Motion Picture Arts and Sciences announced a $500 million fundraising campaign Friday to ensure long-term, global support for its Oscar prizes, museum, educational programming and screenings in view of its 100th anniversary in 2028
May 10
May 10

US pledges money and other aid to help track and contain bird flu on dairy farms

U.S. officials pledged nearly $200 million in new spending and other efforts Friday to help track and contain an outbreak of bird flu in the nation's dairy cows
May 10
FILE - Dairy cows stand together at a farm, Monday, April 1, 2024, in Clinton, Maine. Federal health and agriculture officials pledged new spending and other efforts Friday, May 10, 2024, to help track and contain an outbreak of bird flu in the nation's dairy cows that has spread to more than 40 herds in nine states. (AP Photo/Robert F. Bukaty, File)
May 10

Sweetgreen, Natera rise; Collegium Pharmaceutical, Akamai fall, 5/10/2024

Stocks that traded heavily or had substantial price changes on Friday: Sweetgreen, Natera rise; Collegium Pharmaceutical, Akamai fall
May 10
May 10

Mortgage rates decline for the first time in 5 weeks

Experts predict mortgage rates could hit 6.5% by the end of the year if inflation starts to come down.
May 10
VIDEO: Mortage rates decline for the first time in 5 weeks
May 10

Taylor Swift kicks off European leg of Eras Tour, adds songs from new album

In her first Eras Tour concert since the release of “The Tortured Poets Department,” Taylor Swift shook up her setlist
May 10
Fans arrive for the Taylor Swift concert at the Paris Le Defense Arena as a part of her Eras Tour concert in Paris, Thursday, May 9, 2024. (AP Photo/Lewis Joly)
May 10

Mock coffins fill a square in Milan in a protest over workplace safety in Italy

Mock coffins have filled one of Milan’s most famous squares in a protest organized by Italy’s second-largest union to raise awareness over workplace deaths
May 10
La Scala theatre square is filled with 172 coffins, as many as the number of deaths at work that Lombardy recorded in 2023, during a flash mob organised by UIL trade union organization, in Milan, Italy, Friday, May 10, 2024. (AP Photo/Luca Bruno)
May 10

Police prevent environmental activists from storming Tesla factory in Germany

German police say they have prevented hundreds of demonstrators from storming Tesla’s factory near Berlin during protests against the pioneering electric car maker over its environmental footprint
May 10
"Clean cars are a dirty lie" is written on a banner in front of the Tesla store in the Mall of Berlin, Friday May 10, 2024 during a protest. German police said Friday they had prevented hundreds of demonstrators from storming Tesla’s factory near Berlin during protests against the pioneering electric car maker over its environmental footprint. (Christoph Soeder/dpa via AP)
May 10

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise
May 10
FILE - A shopper passes a display of televisions at a Costco warehouse on April 29, 2024, in Lone Tree, Colo. On Friday May 10, 2024, the University of Michigan releases its preliminary reading of consumer sentiment for May. (AP Photo/David Zalubowski, File)
May 10

Suspected pirate attack in the Gulf of Aden raises concerns about growing Somali piracy

A European naval force has detained six suspected pirates after they opened fire on an oil tanker traveling through the Gulf of Aden
May 10
This is a locator map for Yemen with its capital, Sanaa. (AP Photo)
May 10

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash

Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received a backlash last year for its assortment
May 10
FILE - Pride month merchandise is displayed at a Target store, May 24, 2023, in Nashville, Tenn. Target confirmed that it won't be carrying its LGBTQ+ merchandise for Pride month in June, 2024, in some stores after the discount retailer received backlash last year for its assortment. (AP Photo/George Walker IV, File)
May 10

Australian judge extends ban on X sharing video of Sydney bishop's stabbing

An Australian judge has extended a ban on social media platform X allowing videos of the stabbing of a Sydney bishop in his church last month after government lawyers condemned the company's free speech argument for keeping the graphic images circulating
May 10
FILE - The opening page of X is displayed on a computer and phone in Sydney on Oct. 16, 2023. An Australian judge on Friday, May 10, 2024, extended a ban on X Corp. sharing videos of an alleged teenage terrorist stabbing a Sydney bishop last month, government lawyers call the social media platform's free speech argument illusory. (AP Photo/Rick Rycroft, File)
May 10

Japanese automaker Honda reports booming profit on sales growth, weak yen

Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings
May 10
FILE - People walk near the logo of Honda Motor Company at a showroom on Feb. 8, 2022, in Tokyo. Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday May 10, 2024. (AP Photo/Eugene Hoshiko, File)
May 10

Your tax refund could be bigger this year. Here's what to do with it

The average taxpayer is getting a $2,852 refund, $75 more than last year
May 10
FILE - Travelers walk through Miami International Airport on Nov. 22, 2023, in Miami. Experts say paying down debt and saving for a rainy day remain the safest things to do with your tax refund. Some consumers are spending the money, however, on things like travel and patio furniture.(AP Photo/Lynne Sladky, File)
May 10

South Korea stresses need for fair treatment for Line chat app operator Naver

South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture
May 10
FILE - The logo of Naver is seen at its headquarters in Seongnam, South Korea on Nov. 16, 2021. South Korea vowed Friday, May 10, 2024, to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line in a joint venture with Japan’s SoftBank, to reduce its dependence on its Korean partner, Naver. (AP Photo/Ahn Young-joon, File)
May 10

Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

The Biden White House wants voters to know about its differences with Republicans over taxes
May 10
FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. The IRS said Thursday, May 2, 2024, it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers. And the agency is more closely examining the returns of larger numbers of wealthy people and major companies. The IRS says in an annual report that it's overhauling compliance efforts as it strives to “hold ourselves accountable to taxpayers we serve.” (AP Photo/Patrick Semansky, File)
May 10

Polish farmers march in Warsaw against EU climate policies and the country's pro-EU leader

Polish farmers have marched through downtown Warsaw to protest the European Union’s climate policies and to oppose the pro-EU government of Prime Minister Donald Tusk
May 10
Polish farmers and other protesters gather in downtown Warsaw to protest the European Union's climate policies and Poland's pro-EU government, in Warsaw, Poland, Friday, May 10, 2024. (AP Photo/Czarek Sokolowski)
May 10

British economy rebounds strongly in first quarter of the year, ending 'technical recession'

The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”
May 10
A general view of the Bank of England in London, Thursday May 9, 2024. The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures. In a statement Thursday, the bank’s nine-member Monetary Policy Committee voted 7-2 to keep rates unchanged, with the 2 dissenters backing a quarter-point reduction. (Yui Mok/PA via AP)
May 10

Stock market today: Wall Street coasts to the finish line of another winning week

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
May 10
FILE - American flags hang from the front the New York Stock Exchange, right, on April 11, 2024 in New York. Global shares are trading higher on Friday, May 10, 2024, after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. (AP Photo/Peter Morgan, File)
May 10

Japanese game maker Sega Sammy sells resort to US fund

Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates ...
May 10
This photo shows Phoenix Seagaia Resort in Miyazaki, southern Japan, in January 2023. Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday, May 10, 2024. (Kyodo News via AP)
May 10

Gov. Gavin Newsom proposes painful cuts to close California's growing budget deficit

California Gov. Gavin Newsom has proposed a series of painful budget cuts to close the state's growing deficit
May 10
California Gov. Gavin Newsom unveils his revised 2024-25 state budget during a news conference in Sacramento, Calif., Friday, May 10, 2024. (AP Photo/Rich Pedroncelli)
May 10

California is testing new generative AI tools. Here's what to know

California is partnering with five companies to develop generative AI tools to help the state deliver public services
May 10
FILE - California Gov. Gavin Newsom during a news conference, March 21, 2024, in Los Angeles. California announced Thursday, May 9, 2024, it is partnering with five companies to develop generative AI tools to help deliver public services. (AP Photo/Damian Dovarganes, File)
May 10

Lithuania holds a presidential vote as anxieties rise in the Baltics over Russia and war in Ukraine

Lithuania is holding a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fueling greater fears across all of Europe about Moscow's intentions
May 10
FILE - Ukraine's President Volodymyr Zelenskyy, left, stands with Lithuania's President Gitanas Nauseda after addressing a media conference at the Palace of the Grand Dukes of Lithuania during the Three Seas Initiative Summit and Business Forum in Vilnius, on April 11, 2024. Lithuania is holding a presidential election on Sunday May 12, 2024 at a time when Russian gains on the battlefield in Ukraine are fueling greater fears across all of Europe about Moscow's intentions, but particularly in the strategically important Baltic region. (AP Photo/Mindaugas Kulbis, File)
May 10

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

Some universities are vowing to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war amid calls from pro-Palestinian protesters
May 10
FILE - A graduate student in orange rolls up tents in front of a sign that says "Gaza Solidarity Encampment, Divest Now!" on the University of Minnesota campus in Minneapolis, Thursday, May 2, 2024. Earlier in the day, University of Minnesota officials announced an agreement with protesters to end the encampment on the Minneapolis campus. (AP Photo/Trisha Ahmed, File)
May 09

PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork
May 09
FILE - An attendee walks past a display at the Baidu World conference in Beijing, on Nov. 1, 2018. A top public relations executive from Chinese technology firm Baidu apologized Thursday, May 9, 2024, after she made comments in a series of videos that critics said glorified a culture of overwork. (AP Photo/Mark Schiefelbein, File)
May 09

European companies are less upbeat about China's vast market as its economy slows

An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy
May 09
President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Friday, May 10, 2024. China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world's second largest economy, an annual survey of more than 500 European companies has found. (AP Photo/Ng Han Guan)
May 09

Air Vanuatu files for bankruptcy protection after canceling all international flights

Air Vanuatu has filed for bankruptcy protection a day after it cancelled all international flights, stranding thousands of travelers
May 09
An Air Vanuatu plane makes an emergency landing at Sydney Airport, August 2, 2001, after suspected under carriage damage. Air Vanuatu announced on Thursday, May 9, 2024, the airline had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier. (Dean Lewins/AAP Image via AP)
May 09

Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?

The announcement of Sweetgreen salad chain that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plans
May 09
A person walks past a sign for Sweetgreen's new caramelized garlic steak bowl on Thursday, May 9, 2024, in New York. The announcement of Sweetgreen that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plans. (AP Photo)
May 09

Spending on home renovations slows, but high remodeling costs mean little relief

Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators
May 09
FILE - A beam is measured and marked at a housing site in Madison County, Miss., Tuesday, March 16, 2021. Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators. (AP Photo/Rogelio V. Solis, File)