Latest Government regulations News

Long-term mortgage rates ease for third straight week, dipping to just below 7%

May. 23, 2024 17:36 PM EDT

LOS ANGELES (AP) — The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94%...

Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment

May. 23, 2024 16:50 PM EDT

The federal government agreed to a $15 million fine for Norfolk Southern over last year's disastrous derailment in East Palestine, Ohio, and the railroad promised to pay more than $500 million to complete the efforts to improve safety that it announced after the crash and address community health...

Political consultant behind fake Biden robocalls faces $6 million fine and criminal charges

May. 23, 2024 15:05 PM EDT

CONCORD, N.H. (AP) — A political consultant who sent artificial intelligence-generated robocalls mimicking President Joe Biden's voice to voters ahead of New Hampshire's presidential primary faces a $6 million fine and more than two dozen criminal charges. The Federal...

EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border sales

May. 23, 2024 07:25 AM EDT

BRUSSELS (AP) — The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states, the bloc's executive arm said on Thursday. ...

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat

May. 23, 2024 00:49 AM EDT

TOKYO (AP) — Asian shares were trading mixed Thursday, as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings. Japan's benchmark Nikkei 225 gained 1.1% to 39,054.81. Australia's S&P/ASX 200 sank 0.5% to 7,807.10. South Korea's Kospi added 0.2% to...

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

May. 22, 2024 14:33 PM EDT

WASHINGTON (AP) — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. ...

FCC will consider rules for AI-generated political ads on TV and radio, but can't touch streaming

May. 22, 2024 14:30 PM EDT

NEW YORK (AP) — The head of the Federal Communications Commission introduced on Wednesday a proposal to require political advertisers to disclose when they use content generated by artificial intelligence in broadcast television and radio ads. If adopted by the five-person...

Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in BuzzFeed

May. 22, 2024 13:51 PM EDT

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed higher Wednesday. Ramaswamy...

Maker of popular weedkiller amplifies fight against cancer-related lawsuits

May. 21, 2024 17:50 PM EDT

JEFFERSON CITY, Mo. (AP) — After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts to create a legal shield against a proliferation of lawsuits alleging it failed to warn that its popular weedkiller could cause cancer. ...

War crimes prosecutor seeks arrest of Israeli and Hamas leaders, including Netanyahu

May. 20, 2024 23:48 PM EDT

JERUSALEM (AP) — The chief prosecutor of the world's top war crimes court sought arrest warrants Monday for leaders of Israel and Hamas, including Israeli Prime Minister Benjamin Netanyahu, over actions taken during their seven-month war. While Netanyahu and his defense minister,...