LOS ANGELES (AP) — The third storm in just over a week drenched Southern California and prompted some local flooding but caused no major widespread damage before heading east over the mountains and south toward Mexico’s Baja California Peninsula. Residents on Friday morning were warned of flash flooding and possible mudslides in several parts of…… MORE
FAA Gives $10k Bonuses Only to Controllers and Technicians With Perfect Attendance During Shutdown
The Federal Aviation Administration says only 776 of the nearly 20,000 air traffic controllers and technicians who had to work without pay during the shutdown will receive bonuses. The announcement Thursday means thousands without perfect attendance during the shutdown won’t receive the $10,000 bonuses that President Donald Trump suggested. Many controllers called out of work…… MORE
Bubble Fears Ease but Investors Still Waiting for AI to Live Up to Its Promise
Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia. But that doesn’t mean the specter of an AI bubble won’t return in the months and years ahead as Big Tech gears up to spend trillions of dollars more on a technology…… MORE
More Swings Hit Wall Street, but This Time Stocks Finish Higher
NEW YORK (AP) — More swings hit Wall Street, except it finished higher this time. After bobbing up and down Friday morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 1.1%, and the Nasdaq composite rose 0.9%. It’s a fitting finish…… MORE
Brazil Hails US Tariff Rollback as ‘Significant Progress’ and Seeks More Exemptions
SAO PAULO (AP) — Brazil’s Vice President Geraldo Alckmin says U.S. President Donald Trump’s decision to remove additional import tariffs on some Brazilian agribusiness products marks significant progress. On Thursday, Trump lifted the 40% tariffs on goods like coffee, fruit, and beef to lower consumer costs. Alckmin, who also serves as Trade minister, led negotiations…… MORE