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May 18, 2022

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Tech sector leads stocks lower as inflation remains high

May 11, 2022, 1:15pm Business

Stocks fell on Wall Street Wednesday, led by more drops in technology companies, after a report on inflation came in worse than feared. Read story

FILE - In this March 10, 2020, file photo Interior Secretary David Bernhardt testifies before the Senate Energy and Natural Resources Committee on the FY'21 budget in Washington. Democrats on the House Natural Resources Committee on Wednesday, May 11, 2022, asked the Justice Department to investigate whether Bernhardt, a Trump administration Interior secretary, engaged in possible criminal conduct while helping an Arizona developer get a crucial permit for a housing project.

Democrats seek criminal charges against Trump Interior head

FILE - In this March 10, 2020, file photo Interior Secretary David Bernhardt testifies before the Senate Energy and Natural Resources Committee on the FY'21 budget in Washington. Democrats on the House Natural Resources Committee on Wednesday, May 11, 2022, asked the Justice Department to investigate whether Bernhardt, a Trump administration Interior secretary, engaged in possible criminal conduct while helping an Arizona developer get a crucial permit for a housing project.

May 11, 2022, 12:29pm Business

Democrats on the House Natural Resources Committee asked the Justice Department on Wednesday to investigate whether a Trump administration interior secretary engaged in possible criminal conduct while helping an Arizona developer get a crucial permit for a housing project. Read story

Orthodox Sister Evdokia, right, helps Maxim to come up from the crater of an explosion, after Russian shelling next to the Orthodox Skete in honor of St. John of Shanghai in Adamivka, near Slovyansk, Donetsk region, Ukraine, Tuesday, May 10, 2022.

Ukraine shuts off Russian pipeline amid talk of annexation

Orthodox Sister Evdokia, right, helps Maxim to come up from the crater of an explosion, after Russian shelling next to the Orthodox Skete in honor of St. John of Shanghai in Adamivka, near Slovyansk, Donetsk region, Ukraine, Tuesday, May 10, 2022.

May 11, 2022, 12:10pm Business

Ukraine’s top prosecutor disclosed plans Wednesday for the first war crimes trial of a captured Russian soldier, as fighting raged in the east and south and the Kremlin entertained the possibility of annexing a corner of the country it seized early in the invasion. Read story

FILE - Former President Donald Trump speaks at a rally at the Delaware County Fairgrounds, Saturday, April 23, 2022, in Delaware, Ohio, to endorse Republican candidates ahead of the Ohio primary. Trump's legal team wants to void a contempt ruling and $10,000-per-day fine against the former president over a subpoena for documents related to a New York civil investigation into his business dealings, saying they've conducted a detailed search for the relevant files.

Judge: Trump must pay $110K, meet conditions to end contempt

FILE - Former President Donald Trump speaks at a rally at the Delaware County Fairgrounds, Saturday, April 23, 2022, in Delaware, Ohio, to endorse Republican candidates ahead of the Ohio primary. Trump's legal team wants to void a contempt ruling and $10,000-per-day fine against the former president over a subpoena for documents related to a New York civil investigation into his business dealings, saying they've conducted a detailed search for the relevant files.

May 11, 2022, 11:01am Business

A New York judge said Wednesday he will lift his contempt of court order issued against Donald Trump if the former president meets certain conditions, including paying $110,000 in fines racked up for being slow to respond to a subpoena issued by the state’s attorney general. Read story

A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. U.S consumers have so far defied higher prices for gas, food, and rent and have been spending more in 2022, providing crucial support to the economy. How long that can continue will be one of the key factors affecting the economy and inflation this year.

U.S. inflation dips from 4-decade high but still causing pain

A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. U.S consumers have so far defied higher prices for gas, food, and rent and have been spending more in 2022, providing crucial support to the economy. How long that can continue will be one of the key factors affecting the economy and inflation this year.

May 11, 2022, 9:35am Business

Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Read story

FILE - The Hyundai logo shines off the grille of an unsold vehicle at a Hyundai dealership Sunday, Sept. 12, 2021, in Littleton, Colo.  Hyundai is recalling more than 215,000 midsize cars in the U.S., Wednesday, May 11, 2022,  most for a second time -- because fuel hoses can leak in the engine compartment and cause fires. The recall covers certain 2013 and 2014 Sonata sedans, many of which were recalled for the same problem in 2020.

Hyundai recalls 215K Sonatas; faulty hoses can leak fuel

FILE - The Hyundai logo shines off the grille of an unsold vehicle at a Hyundai dealership Sunday, Sept. 12, 2021, in Littleton, Colo.  Hyundai is recalling more than 215,000 midsize cars in the U.S., Wednesday, May 11, 2022,  most for a second time -- because fuel hoses can leak in the engine compartment and cause fires. The recall covers certain 2013 and 2014 Sonata sedans, many of which were recalled for the same problem in 2020.

May 11, 2022, 8:36am Business

Hyundai is recalling more than 215,000 midsize cars in the U.S. — most for a second time — because fuel hoses can leak in the engine compartment and cause fires. Read story

CoinFlip expands cryptocurrency trading service to Washington

May 11, 2022, 8:36am Business

CoinFlip has expanded its online cryptocurrency trading service to Washington. Read story

NerdWallet: How to avoid ‘rug pulls,’ the latest cryptocurrency scam

May 11, 2022, 7:34am Business

A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” Read story