By Anna Bahney, CNN Business Mortgage rates took a breather last week, dropping slightly after seven consecutive weeks of increases. The 30-year fixed-rate mortgage averaged 5.10% in the week ending April 28, a tick down from 5.11% the week before, according to Freddie Mac. But it’s still significantly higher than the rate this time last
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By Marianne Garvey “Avatar 2” is finally closer to reality. Director James Cameron returns to direct the long-awaited sequel to the 2009 hit, officially titled “Avatar: The Way of Water.” Disney unveiled new footage of the movie at CinemaCon at Caesars Palace in Las Vegas on Wednesday, with guests reportedly given 3D glasses for the
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By PAUL NEWBERRY AP Sports Writer ATLANTA (AP) — He’s back! Outfielder Ronald Acuña Jr. returns to the Atlanta Braves nearly 10 months after a major knee injury ended his 2021 season. The Braves has intended to wait another week before activating one of the game’s most dynamic players. But Acuña’s strong play during a
Continue Reading By TALES AZZONI AP Sports Writer MADRID (AP) — Two-time Madrid Open champion Simona Halep and second-ranked Paula Badosa will meet in the tournament’s second round after opening with victories. Halep beat Zhang Shuai 6-2, 6-3 and Badosa defeated Veronika Kudermetova 6-3, 6-0. It will be the first time Halep and Badosa meet. Halep won
Continue Reading By EDDIE PELLS AP National Writer USA Track and Field has signed on to use technology that will give athletes and members an additional method to anonymously report sexual abuse and other forms of misconduct. The organization announced a deal with RealResponse on Thursday, a company that serves around 100,000 athletes in nearly 1,500 clients
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By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future. She adds that downturns are “likely to continue to challenge the economy.” In a speech Thursday at the Brookings Institution, Yellen spoke about the
Continue Reading By TALES AZZONI AP Sports Writer MADRID (AP) — The Spanish rugby federation says the country will not play at the 2023 Rugby World Cup in France because it used an ineligible player in qualifying, The federation says World Rugby has decided to sanction Spain with a fine and the loss of five points for
Continue Reading By LORNE COOK, DANICA KIRKA and FRANK JORDANS Associated Press BRUSSELS (AP) — Russian President Vladimir Putin is putting pressure on European governments with his proposal to pay for oil and gas in rubles. That pressure has ratcheted up after Poland and Bulgaria were cut off for not going along with the plan. It didn’t
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By Brian Fung, CNN More than 55 countries and the United States announced their commitment Thursday to defending a free and open internet, agreeing to uphold digital human rights in response to rising authoritarianism in cyberspace. The agreement, known as the Declaration for the Future of the Internet, aims to forestall an emerging “splinternet” characterized
Continue Reading By MATT OTT AP Business Writer WASHINGTON (AP) — The average long-term U.S. mortgage rate edged down for the first time in two months following a swift rise to its highest level in more than a decade. After seven weeks of increases, the average rate on a 30-year mortgage inched down to 5.1% from
Continue Reading By Lisa Respers France, CNN We now have more insight into how Kanye West helped Kim Kardashian get the remaining footage of her infamous sex tape. On the most recent episode of her family’s new Hulu reality series “The Kardashians,” the mogul broke down in tears after West – who now goes by Ye –
Continue Reading By STAN CHOE AP Business Writer NEW YORK (AP) — After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are tanking and dragging down the rest of Wall Street. Many of these high-profile companies still make billions of dollars in profits, and they continue to dominate the top of
Continue Reading By JAMES ELLINGWORTH AP Sports Writer DÜSSELDORF, Germany (AP) — The German title race has ended with another dominant win for Bayern Munich but the Bundesliga has one of the fiercest fights in European soccer just a little further down the standings. Six points separate Bayer Leverkusen in third from Cologne in seventh as teams
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By Jason Hanna, CNN The year’s second-largest Powerball jackpot is off the board, with only one winning ticket to claim it. A ticket sold in Arizona won the $473.1 million jackpot in Wednesday night’s drawing, officials of the multistate lottery game said. The holder can choose between an annuity of $473.1 million spread in 30
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By Melanie Zanona and Alex Rogers, CNN Rep. Tom Emmer of Minnesota, the chairman of the National Republican Congressional Committee, recently traveled to the Hudson Valley to raise money against his Democratic counterpart in his own backyard. And on Thursday, the Congressional Leadership Fund, a super PAC aligned with the House Republican leadership, announced a
Continue Reading By Danielle Wiener-Bronner, CNN Business McDonald’s exit from Russia is costing it a lot of money — and food. The company announced last month that it would temporarily close its restaurants in Russia because of the country’s invasion of Ukraine. It also closed restaurants in Ukraine. Those shutdowns cost McDonald’s $127 million last quarter. McDonald’s
Continue Reading Review by Brian Lowry, CNN Two limited crime series with literary underpinnings yield very different verdicts, with “Under the Banner of Heaven” emerging as an engrossing fact-based drama set around the Mormon Church during the 1980s, while “Shining Girls” turns a time-traveling serial-killer plot into a vaguely incomprehensible thriller for Apple TV+. Playing like a
Continue Reading By SAMUEL PETREQUIN AP Sports Writer Monaco is in great form at a crucial time of the season. Belgian coach Philippe Clement has seen his Riviera side win its last six French league matches to move to fourth place in the standings. The race for a spot in the Champions League is intensifying. Six points
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macamilarincon (CNN) –– La economía de Estados Unidos se desaceleró en el primer trimestre de 2022, según revelaron datos de la Oficina de Análisis Económico este jueves. El producto interno bruto de la nación (PIB), la medida más amplia de actividad económica, se contrajo a una tasa anualizada de solo 1,4% entre enero y marzo.
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability. The economy’s overall decline in the January-March quarter does not
Continue Reading Review by Brian Lowry, CNN Considering that one major fight over “The Godfather” was its length, there’s some irony that the limited series devoted to the making of the classic film, “The Offer,” runs way too long. Setting that aside, this 10-part look back at Hollywood in the swingin’ ’70s is mostly good fun, anchored
Continue Reading By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell again last week and remain at historically low levels. Jobless claims in the U.S. declined by 5,000 to 180,000 for the week ending April 23, the Labor Department reported Thursday. First-time applications generally reflect the
Continue Reading By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new payment terms rather than risk being cut off by Moscow, a fate suffered by Poland and Bulgaria this week. Gas distributors in Germany and Austria told CNN Business that they were working on ways
Continue Reading By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns, supply chain disruptions and soaring energy prices have thrown the Düsseldorf metals factory into uncharted territory. “There has never been anything like this before,” Georg Geier, the company’s managing director, told
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Good morning! A weather disturbance will bring breezy to windy conditions along with areas of blowing dust Thursday. Winds will peak near 35 mph along with southwest winds between 15 to 25 mph. Afternoon high temperatures will run around 5 to 10 degrees above average.
Continue Reading BARCELONA, Spain (AP) — Barcelona says it will play the 2023-24 season away from Camp Nou while Europe’s largest soccer stadium undergoes a massive overhaul. The club says Barcelona will play its games at the municipally owned Lluís Companys Stadium. Games will continue to be played at Camp Nou next season. The club wants games
Continue Reading By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for awhile. The airline had gone more than 11 years without a money-losing quarter and reported 47 straight years of annual profits before the pandemic. But Southwest said that it made
Continue Reading By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size of its profit. But this season has served as a reminder of how much traders who have piled into fast-growing tech stocks have come to value another metric. They’re
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By Arlette Saenz, Kate Sullivan, Betsy Klein and Kevin Liptak, CNN President Joe Biden on Thursday asked Congress for a $33 billion supplemental funding bill aimed at supporting Ukraine over the next several months as Russia’s brutal and unrelenting war enters a new phase. In another significant request, Biden outlined a proposal that would further
Continue Reading CNN By Arlette Saenz, CNN President Joe Biden will send a proposal to Congress Thursday outlining a legislative package to further pressure Russian oligarchs over Russia’s war in Ukraine, the White House said. The package — developed through an interagency process including the Treasury Department, Justice Department, State Department and Commerce Department — will “establish
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