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JPMorgan 2Q profit drops; CEO warns of economic challenges
07/14/2022 04:52pm • NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that's showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike. The nation’s largest bank by assets said Thurs
What does 'plead the Fifth' mean? Will the Trumps do it?
07/14/2022 10:55am • NEW YORK (AP) — Donald Trump and two of his children — Donald Jr. and Ivanka — are due, in the coming days, to face questioning under oath in New York's civil investigation into their business practices. But will the Trumps answer? The ex-president's lawyer has indicated that he will advise T
Average long-term US mortgage rates bounce back up to 5.51%
07/14/2022 10:18am • WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate later this month. Mortgage buyer Freddie Mac reported Thursday that
A brief history of the rise, fall of Sri Lanka's president
07/13/2022 10:41pm • COLOMBO, Sri Lanka (AP) — Before he fled Sri Lanka on Wednesday amid a crushing economic crisis, President Gotabaya Rajapaksa was the last of six members of the country's most influential family still clinging to power. Rajapaksa and his wife flew on a military jet to the city of Male, the capita
Kamara's goal helps DC United earn 2-2 draw with Columbus
07/13/2022 10:28pm • WASHINGTON (AP) — Ola Kamara scored in the second minute of second-half stoppage time and D.C. United rallied for a 2-2 draw with the Columbus Crew on Wednesday night. After a scoreless first half, Cucho Hernández found the net in the 62nd minute to give Columbus (6-5-9) a 1-0 lead. Taxiarc
Chelsea completes signing of Raheem Sterling from Man City
07/13/2022 01:28pm • MANCHESTER, England (AP) — Chelsea completed the signing of Raheem Sterling from Manchester City on Wednesday, with the winger signing a five-year deal. Sterling earlier bid farewell to City after seven seasons in Manchester that included four Premier League titles. His transfer to Chelsea was re
Barcelona reaches deal to sign Raphinha; Dembélé staying
07/13/2022 09:56am • BARCELONA, Spain (AP) — Barcelona announced Wednesday it has reached a deal to sign Leeds playmaker Raphinha and will also keep France forward Ousmane Dembélé at the club. The agreement to sign Brazil international Raphinha was pending the 25-year-old winger passing a medical. Leeds also confirm
Egypt raises price of widely used diesel, other fuel
07/13/2022 09:20am • CAIRO (AP) — Egypt on Wednesday increased the price of its widely used diesel and other fuels in a move expected to further drive up prices of other goods and services. The country, like others, faces steep inflationary pressures in the wake of Russia’s war on Ukraine. In a statement, the countr
Israeli museum finds sketches hidden in Modigliani painting
07/13/2022 08:25am • HAIFA, Israel (AP) — Curators at an Israeli museum have discovered three previously unknown sketches by celebrated 20th-century artist Amedeo Modigliani hiding beneath the surface of one of his paintings. The unfinished works by Modigliani, an Italian-born artist who worked in Paris before his de
EXPLAINER: What's happened and what's next in Sri Lanka
07/13/2022 01:50am • COLOMBO, Sri Lanka (AP) — Sri Lanka's president, who had announced he would resign Wednesday, has fled the country after months of turmoil culminated in protesters converging on the presidential palace. Here's what’s happening in Sri Lanka: — The country is hurtling toward bankruptcy — Daily
Croatia clears final hurdle to adopting the euro next year
07/12/2022 10:33am • BRUSSELS (AP) — The European Union on Tuesday removed the final obstacles to Croatia adopting the euro, enabling the first expansion of the currency bloc in almost a decade as the exchange rate fell to its weakest level against the dollar in 20 years. EU finance ministers approved three laws that
Ukraine granted extra EU aid of 1 billion euros
07/12/2022 06:39am • BRUSSELS (AP) — European Union nations on Tuesday approved fresh aid for Ukraine as the country faces growing economic damage from Russia’s invasion. Finance ministers from the 27-nation EU gave the go-ahead on Tuesday to 1 billion euros ($1 billion) in
loans
to the Ukrainian government. The su
Sri Lanka's political chaos persists as crisis talks go on
07/11/2022 09:43pm • COLOMBO, Sri Lanka (AP) — A weekend of political chaos in Sri Lanka stretched into Monday, with opposition leaders yet to agree on replacements for embattled President Gotabaya Rajapaksa and his prime minister, whose residences remain occupied by protesters angered by the country’s economic coll
Is a 40-Year Mortgage a Good Idea?
07/11/2022 08:00pm • The most common mortgage loan terms are 15 and 30 years, but if you need a lower monthly payment, a 40-year mortgage may be an option. While this longer loan payoff period could reduce your mortgage payment and bring home affordability within reach, a 40-year mortgage comes with limitations that sho
Twitter, Las Vegas Sands fall; Mullen, La Jolla rise
07/11/2022 04:17pm • NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Twitter Inc., down $4.16 to $32.65. Elon Musk wants to abandon his $44 billion offer to buy the social media company. La Jolla Pharmaceutical Co., up $2.75 to $6.14. Innoviva is buying the drug developer for about
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