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CEO of FTX crypto exchange buys big stake in Robinhood

The Associated Press
May 12, 2022 7:00 am - NEW YORK (AP) - The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bank...
US producer prices surge 11% in April as food prices jump

By CHRISTOPHER RUGABER
May 12, 2022 7:00 am - WASHINGTON (AP) - U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and busines...
Tesla, Twitter shares drop as Elon Musk's legal issues grow

By TOM KRISHER
May 12, 2022 7:00 am - DETROIT (AP) - Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $...
Final ex-eBay employee in cyberstalking case pleads guilty

By ALANNA DURKIN RICHER
May 12, 2022 7:00 am - BOSTON (AP) - A former eBay Inc. executive pleaded guilty Thursday to participating in a scheme to terrorize the creators of an online newsletter that included the deliv...
Slightly more Americans seek jobless aid last week

By MATT OTT
May 12, 2022 7:00 am - WASHINGTON (AP) - The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its low...
Average long-term US mortgage rates edge up to 5.3%

By MATT OTT
May 12, 2022 7:00 am - WASHINGTON (AP) - Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer ...
FIFA takes on EA Sports video game in soccer's new rivalry

By ROB HARRIS
May 12, 2022 7:00 am - LONDON (AP) - The name 'œFIFA'ť can bring to mind images of the World Cup and soccer's greatest players, like Pele, Zinedine Zidane or Lionel Messi. The acronym for the ...
Grains, Livestock mixed

The Associated Press
May 12, 2022 7:00 am - CHICAGO (AP) - Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for Jul. was up 2.50 cents at $11.1775 a bushel; May corn rose 7 c...
Sources: Hyundai to set $7B Georgia plant during Biden visit

By JEFF AMY and AAMER MADHANI
May 12, 2022 7:00 am - ATLANTA (AP) - South Korean automaker Hyundai Motor Group is expected to announce next week it's building a massive electric vehicle plant near Savannah, Georgia, accord...
Senate confirms Powell for 2nd term as Fed fights inflation

By CHRISTOPHER RUGABER
May 12, 2022 7:00 am - WASHINGTON (AP) - The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes ...

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