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Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool
WASHINGTON (AP) — A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years.Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and not too far from the Federal Reserve’s 2% target. Core prices, which exclude the volatile food and energy categories, rose just 2.5% in January from a year ago, down from 2.6% the previous month and the smallest increase since March... Read More
Minnesotans welcome the immigration surge drawdown but remain vigilant
MINNEAPOLIS (AP) — The Trump administration's drawdown of its immigration enforcement surge in the Twin Cities area has been met with relief, but state officials and residents say its effects on Minnesota’s economy and immigrant communities will linger.Thousands of officers were sent to the Minneapolis and St. Paul area for Operation Metro Surge, which the Department of Homeland Security called its “ largest immigration enforcement operation ever " and touted as a success. But President Donald Trump's enforcement campaign came under increasing criticism and pushback as the... Read More
The Latest: Homeland Security seems certain to shut down tonight
A shutdown for the Department of Homeland Security at the end of the day Friday appears certain as lawmakers in the House and Senate were set to leave Washington for a 10-day break and negotiations with the White House over Democrats’ demands for new restrictions have stalled.Democrats and the White House have traded offers in recent days as the Democrats have said they want curbs on President Donald Trump’s broad campaign of immigration enforcement following the fatal shooting of Alex Pretti and Renee Good in Minneapolis last month. They have demanded better identification... Read More
Wendy's closes US restaurants and focuses on value to turn around falling sales
Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.The Dublin, Ohio-based company said Friday that its global same-store sales, or sales at locations open at least a year, fell 10% in the October-December period. That was worse than the 8.5% drop expected by analysts polled by FactSet.
U.S. same-store sales fell even further in the fourth quarter. Wendy’s said late last year that it planned to close underperforming U.S. restaurants, but it gave more details about those closures... Read More
US stocks halt their AI-induced slide and rise after an encouraging update on inflation
NEW YORK (AP) — The U.S. stock market is rising Friday after an encouraging update on inflation helped calm a Wall Street that’s been wracked by worries about how artificial-intelligence technology may upend the business world.The S&P 500 rose 0.6%, a day after tumbling to one of its worst losses since Thanksgiving. The Dow Jones Industrial Average was up 205 points, or 0.4%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.5% higher.
Stocks got a boost from easing pressure from the bond market, where Treasury yields fell after a report showed... Read More
Top Stories
- Experts say vetting tips in the Nancy Guthrie disappearance is a huge but vital task
- Heraskevych loses appeal, but already knew his chance of racing in Olympics is over
- Judge dismisses charges against men accused of assaulting ICE officer in Minneapolis shooting case
- Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool
- Second US aircraft carrier is being sent to the Middle East, AP source says, as Iran tensions grow
- An encouraging update on inflation helps Wall Street hold steadier after its AI-related sell-off
- The Latest: AP learns that the US is sending its largest aircraft carrier to the Middle East
- Trump's push for Greenland reveals a political weak spot, new AP-NORC poll finds
- Goldman Sachs' top lawyer Kathy Ruemmler to resign after emails show close ties to Jeffrey Epstein
- Logistics giant DP World replaces chairman named in Jeffrey Epstein documents
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Entertainment
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Sports
- Lindsey Vonn hopes to go home after another surgery following crash in Olympic downhill
- Norwegian cross-country skiing star Klaebo ties Olympic record by winning eighth career gold medal
- Bravo! Act I of the Winter Olympics' visit to Italy has been filled with drama, catharsis and tears
- World Cup means slashed wages and displacement for some workers in Mexico City


