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Economy News

Canadian National ups offer to seal deal for US railroad

Canadian National sweetened its offer to buy Kansas City Southern railroad Thursday and derailed rival Canadian Pacific's bid ...

DoorDash sales surged in Q1 even as dining rooms reopen

DoorDash on Thursday reported that its sales nearly tripled in the first three months of the year as demand for food delivery ...

911 calls released after crack found in bridge

The City of Memphis released 911 calls made by inspectors who found a "significant fracture" in the I-40 bridge. The six-lane ...

Biden urges public: Don't panic over fuel shortages

President Joe Biden is warning Americans not to panic and gas stations not to engage in price gouging as motorists wait for ...

Markets rebound after steep selloff

Stocks opened higher on Wall Street Thursday following three days of losses. The selloff was "a combination of punches," said ...

Big 0.6% April wholesale price jump catches many off guard

Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing ...

McDonald's raising US workers' pay in company-owned stores

McDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a ...

AP Top Stories May 13 A

Here's the latest for Thursday May 13th: More Israel-Gaza fighting; Massive gas pipeline restarted; Two small planes collide ...

Australian telco fined $39M for exploiting Indigenous folk

Australia’s largest telecommunications company Telstra was fined 50 million Australian dollars ($39 million) on Thursday for ...

FAA chief defends 737 Max, calls new fix 'straightforward'

The head of the Federal Aviation Administration expressed “absolute confidence” in the Boeing 737 Max on Wednesday and said ...

Official: Bridge crack potentially 'catastrophic'

A transportation official says repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a ...

Biden optimistic pipeline shutdown will end soon

President Joe Biden is trying to reassure the American public that they are going to hear "some good news," in the next 24 ...

Long lines at gas stations as pipeline shuts down

Officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack of the nation’s ...

Pipeline hack ripples beyond gas availability

State and federal officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack ...

McConnell: Tax hike is 'red line' for GOP

Senate Minority Leader Mitch McConnell says he told President Joe Biden during their meeting Wednesday that raising the ...

Buttigieg: WH working around the clock on pipeline

Transportation Secretary Pete Buttigieg says the Biden administration is "working around the clock" to help Colonial Pipeline ...

French court orders trial in 2009 crash of Rio-Paris flight

A French court on Wednesday ordered Air France and plane maker Airbus to stand trial for manslaughter in the 2009 crash into ...

UK government plan to toughen voter ID rules draws criticism

The British government has announced contentious plans to toughen election voting rules by requiring photo identification at ...

Gas analysts say don't worry, but drivers still do

More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is ...

Japan's SoftBank returns to profit on global stock boom

Japanese technology conglomerate SoftBank Group Corp. returned to profitability for the fiscal year that ended in March, it ...

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