Latest Government regulations News

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

Apr. 19, 2024 17:37 PM EDT

NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its third straight losing week. That’s its longest such streak since...

The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts

Apr. 19, 2024 15:37 PM EDT

OMAHA, Neb. (AP) — The Environmental Protection Agency cleared the way Friday for a higher blend of ethanol to be sold nationwide for the third summer in a row, citing global conflicts that it says are putting pressure on the world's fuel supply. The agency announced an emergency...

EPA designates 2 forever chemicals as hazardous substances, eligible for Superfund cleanup

Apr. 19, 2024 10:42 AM EDT

WASHINGTON (AP) — The Environmental Protection Agency on Friday designated two forever chemicals that have been used in cookware, carpets and firefighting foams as hazardous substances, an action intended to ensure quicker cleanup of the toxic compounds and require industries and others...

Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare

Apr. 18, 2024 23:32 PM EDT

HONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region, and U.S. futures were sharply lower. ...

Unfair labor complaint filed against Notre Dame over athletes

Apr. 18, 2024 22:07 PM EDT

SOUTH BEND, Ind. (AP) — An unfair labor complaint was filed Thursday against the University of Notre Dame for classifying college athletes as “student-athletes.” The complaint was filed with the National Labor Relations Board by a California-based group calling itself the...

First major attempts to regulate AI face headwinds from all sides

Apr. 18, 2024 19:10 PM EDT

DENVER (AP) — Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction. Lawmakers working on these bills, in...

Convenience store chain with hundreds of outlets in 6 states hit with discrimination lawsuit

Apr. 18, 2024 17:19 PM EDT

The Sheetz convenience store chain has been hit with a lawsuit by federal officials who allege the company discriminated against minority job applicants. Sheetz Inc., which operates more than 700 stores in six states, discriminated against Black, Native American and multiracial job...

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

Apr. 18, 2024 15:38 PM EDT

LOS ANGELES (AP) — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19...

Average long-term US mortgage rate climbs above 7% to highest level since late November

Apr. 18, 2024 15:36 PM EDT

LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage...

Stock market today: Asian shares gain despite Wall Street's tech-led retreat

Apr. 18, 2024 00:12 AM EDT

Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the year. U.S. futures were lower, while oil prices gained. Tokyo's Nikkei 225 climbed 0.3% to 38,090.87 and the...