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ASML, Five Below fall; J&J, V.F. Corp. rise; Wednesday, 7/17/2024

Jul. 17, 2024 12:46 PM EDT

Stocks that traded heavily or had substantial price changes on Wednesday: ASML Holding NV (ASML), down $120.19 to $948. Bloomberg News said the U.S. is considering severe trade curbs if companies like ASML continue shipping advanced chip tech to China. ...

Demand for rare elements used in clean energy could help clean up abandoned coal mines in Appalachia

Jul. 11, 2024 11:00 AM EDT

MOUNT STORM, W.Va. (AP) — Down a long gravel road, tucked into the hills in West Virginia, is a low-slung building where researchers are extracting essential elements from an old coal mine that they hope will strengthen the nation's energy future. They aren't mining the coal that...

26 million tons of clothing end up in China's landfills each year, propelled by fast fashion

Jul. 10, 2024 16:55 PM EDT

WENZHOU, China (AP) — At a factory in Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colors, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers...

Takeaways from AP's report on how China's textile recycling efforts take a back seat to fast fashion

Jul. 10, 2024 00:17 AM EDT

WENZHOU, China (AP) — China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics. A recycling factory in Zhejiang province on China’s east coast repurposes discarded cotton clothes to...

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Jul. 08, 2024 18:38 PM EDT

NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also...

Morphic Holding, Boeing rise; Paramount, Devon Energy fall, Monday, 7/8/2024

Jul. 08, 2024 16:13 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday. Morphic Holding Inc., up $23.90 to $55.74. Eli Lilly is buying the biopharmaceutical company for $3.2 billion. Boeing Co., up $1.01 to $185.84. The...

Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion

Jul. 04, 2024 16:34 PM EDT

NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake. The new entity will be called Saks...

Do US fast-food customers want plant-based meat? Panda Express thinks so, but McDonald's has doubts

Jul. 03, 2024 12:10 PM EDT

Do Americans want plant-based options at fast-food restaurants? Two recent moves show restaurant chains are still undecided. On Wednesday, Panda Express said it is reintroducing plant-based chicken – which it developed with El Segundo, California-based Beyond Meat – at hundreds...

From 'latte makeup' to 'girl dinners,' TikTok has launched tons of trends. Will its influence last?

Jul. 03, 2024 08:56 AM EDT

NEW YORK (AP) — TikTok and its bite-sized videos arrived in the United States as a global version of the Chinese app Douyin. Less than six years later, the social media platform is deeply woven into the fabric of American consumerism, having shortened the shelf life of trends and revamped how...

Tesla, Archer Aviation rise; Eli Lilly falls, Tuesday, 7/2/2024

Jul. 02, 2024 16:31 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: Paramount Global, up 58 cents to $10.72. Digital-media conglomerate IAC is reportedly considering a bid to take control of the owner of CBS and Paramount Studio. ...