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Business

FILE - This photo released by Xinhua News Agency shows an aerial view of the construction site of the 2nd phase project of the Nanjing Financial City designed as an architectural complex comprising offices, hospitality, housing and commercial facilities in Nanjing, east China's Jiangsu Province, on Jan. 16, 2024. China was preparing to announce fresh measures to reinvigorate its ailing property industry after data released Friday, May 17, 2024 showed housing prices slumped in the first four months of the year, although factory output rose nearly 7%. (Li Bo/Xinhua via AP, File)

China rolls out new measures to fix its property crisis, spur growth

China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in April.

A heart is displayed on the door of a gift shop across from the New York Stock Exchange on Thursday, May 16, 2024, in New York. The Dow Jones Industrial Average briefly topped the 40,000 level on Thursday for the first time but ended 0.1% lower. (AP Photo/Peter Morgan)

Stock market today: Dow finishes above 40,000 to cap Wall Street鈥檚 latest winning week

Mechanic Lizzy Thomson works at University Bicycles in Boulder, Colo., Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)

Bike shops boomed early in the pandemic. It鈥檚 been a bumpy ride for most ever since

David Johnston, right, a worker at Mercedes, thanks UAW President Shawn Fain following a press conference in Tuscaloosa, Alabama on May 17, 2024, after workers at two Alabama Mercedes-Benz factories voted overwhelmingly against joining the United Auto Workers union. (AP Photo/Kim Chandler)

After decisive loss at Alabama Mercedes plants, powerful auto union vows to return and win

FILE - This May 1, 2015, file photo shows a Dunes Sagebrush lizard in N.M. Federal wildlife officials declared the rare lizard in southeastern New Mexico and West Texas an endangered species, citing future energy development, sand mining and climate change as the biggest threats to its survival in one of the world's most lucrative oil and natural gas basins. (U.S. Fish and Wildlife Service via AP, File)

New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas

Financial Markets

FILE - A screen shows the Dow Jones industrials at in Seoul, South Korea on Aug. 9, 2011. Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing. But its importance is on the wane. (AP Photo/Lee Jin-man, File)

The Dow closed above 40,000 for the first time. The number is big but means little for your 401(k)

Personal Finance

FILE - Travelers walk through Miami International Airport on Nov. 22, 2023, in Miami. Experts say paying down debt and saving for a rainy day remain the safest things to do with your tax refund. Some consumers are spending the money, however, on things like travel and patio furniture.(AP Photo/Lynne Sladky, File)

Your tax refund could be bigger this year. Here鈥檚 what to do with it

Economy

A general view of the Bank of England in London, Thursday May 9, 2024. The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures. In a statement Thursday, the bank鈥檚 nine-member Monetary Policy Committee voted 7-2 to keep rates unchanged, with the 2 dissenters backing a quarter-point reduction. (Yui Mok/PA via AP)

British economy rebounds strongly in first quarter of the year, ending 鈥榯echnical recession鈥�

Tech

A former OpenAI leader says safety has 鈥榯aken a backseat to shiny products鈥� at the AI company

More news

Jury finds Honolulu鈥檚 former top prosecutor and 5 others not guilty in a federal bribery case

Honolulu鈥檚 former top prosecutor has been found not guilty in a bribery case that alleged employees of an engineering and architectural firm bribed him with campaign donations in exchange for his prosecution of a former company employee.

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country鈥檚 difficulties in managing debts backed by its oil reserves.

Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves

Frontier Airlines is dropping those dreaded change fees, at least for some of its passengers. The discount airline said on Friday that it鈥檚 creating four types of fares.

Michigan lawmakers get final revenue estimates as they push to finalize the state budget

State economists in Michigan provided their final fiscal forecast of the year as lawmakers work to finalize a budget ahead of a self-imposed July 1 deadline.

How major US stock indexes fared Friday, 5/17/2024

U.S. stocks drifted to a mostly higher close on Wall Street, marking their fourth winning week in a row. The S&P 500 rose 0.1% Friday.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery rose 72 cents to $79.95 per barrel Friday. Brent crude for July delivery rose 71 cents to $83.98 per barrel.

Police conclude investigation into suicide of Boeing whistleblower

Police say a former Boeing manager who raised safety questions about the aircraft maker took his own life.

Witness at Sen. Bob Menendez鈥檚 bribery trial says meat-export monopoly made costs soar

A witness at Sen. Bob Menendez鈥檚 bribery trial says the cost of certifying that meat sent to Egypt follows Islamic dietary requirements skyrocketed after a single U.S. company was given a monopoly in a cozy deal prosecutors say Menendez arranged.

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government鈥檚 aggressive consumer financial watchdog agency should be allowed exist at all.

North Carolina sports wagers well over $1 billion in first months under new law, report says

Online sports wagering in North Carolina has exceeded $1 billion since authorized gambling operators could take bets starting March 11.

Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms. Powell tested positive late Thursday.

Boeing shareholders approve CEO鈥檚 compensation as company faces investigations, possible prosecution

Boeing shareholders have approved CEO David Calhoun鈥檚 $32.8 million compensation. During an online annual meeting, shareholders also heard company leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max ope

Chicago Tribune staffers鈥� unequal pay lawsuit claims race and sex discrimination

The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts.

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares. It鈥檚 one of the most dramatic price hikes in libertarian President Javier Milei鈥檚 harsh budget austerity campaign in Argentina.

California鈥檚 scenic Highway 1 to Big Sur opens to around-the-clock travel as slide repair advances

A section of California鈥檚 scenic Highway 1 leading to the famous Big Sur coast has reopened to around-the-clock traffic.

In Cannes, Francis Ford Coppola talks Trump, self-financing 鈥楳egalopolis鈥� and why he has no regrets

Much attention has been paid to the $120 million of his own fortune that Francis Ford Coppola put up to make the futuristic epic 鈥淢egalopolis.鈥�

Take-Two Interactive, RBC Bearings rise; Cracker Barrel, Flowers Foods fall, Friday, 5/17/2024

Stocks that traded heavily or had substantial price changes on Friday: Take-Two Interactive, RBC Bearings rise; Cracker Barrel, Flowers Foods fall.

NOT REAL NEWS: A look at what didn鈥檛 happen this week

Social media users shared a range of false claims this week. Here are the facts: Milwaukee鈥檚 director of elections was not removed from her position for vote rigging in the 2020 presidential election.

Federal judge hears challenges to NYC鈥檚 fee for drivers into Manhattan

New York鈥檚 first-in-the-nation plan to levy a hefty toll on drivers entering Manhattan was the focus of a legal battle that played out in federal court.

The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring

The CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars is retiring from Stellantis after nearly 32 years.