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The Ledger - EST. 1978 - Nashville Edition
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VOL. 46 | NO. 28 | Friday, July 15, 2022

Do you really need Yoshi?

Gas delivery, remote services come at a cost. Are you willing to pay?

With gas prices hovering between $4 and $5 a gallon, anything to ease pump pain is welcome. How about a fast-growing, Nashville-based company that will search for the lowest price within 2 miles, deliver it to you at that price and maybe wash the car and change out the wiper blades while they’re at it?


Hats off to the national anthem, but that’s all

I don’t think of myself as a rebel, college alma mater (Hotty toddy!) notwithstanding. But I staged a mini-protest the other night at a Sounds game by refusing to stand and take off my hat as requested.


Rising rates? No problem. Sales numbers still climbing

After the Federal Reserve announced it had raised interest rates by 75 basis points in June, mortgage interest rates jumped to 5.85% for a fixed-rate, 30-year loan, even though mortgage rates are tied to 10-year Treasury Bills, not the Federal Reserve.

Local Weather
Nashville, TN
Mostly Cloudy
Wind: North at 3.5 mph
Humidity: 70%


Gallatin Industry Roundtable. Industry Roundtables are striving to promote community over competition by providing a place where attendees can discuss what’s happening in the business sector and also mingle with others from different industries to make valuable connections. Coffee will be provided, and a Chamber team member will be at each meeting to help connect members to resources. Thursday, 8:30-9:30 a.m. The Gathering Place by Bit-O-Honey, 450 W Main Street. Registration required. Fee Included in Chamber membership. Information

more events »


Top Davidson County commercial sales for June 2022

Top commercial real estate sales, June 2022, for Davidson County, as compiled by the Nashville Ledger.

Average long-term US mortgage rates bounce back up to 5.51%

WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate later this month.


Signing Forsberg sets Preds on course to catch Avs

Christmas in July? You betcha. It is for Nashville Predators star forward Filip Forsberg, who has a new contract worth $68 million, as well as for the Stanley Cup-starved Smashville fan base, which gets to keep him in Nashville with the eight-year deal.


UT sets lofty goals for individual sports, program as whole

Athletic director Danny White hasn’t been shy about his desire for the University of Tennessee to be a juggernaut in all sports. White wants Tennessee to have the best teams, best facilities, most titles, most money and biggest crowds. He now has a blueprint for how UT will try to make that possible and is sharing it with everyone.


Womble Bond Dickinson welcomes new partner

Masami Izumida Tyson has joined Womble Bond Dickinson (US) LLP as a global business and international trade partner in the corporate and securities group. She is based in the firm’s new Nashville office.


Statewide early voting begins Friday

Tennessee’s early voting period for the Aug. 4 primaries and general election is scheduled for July 15-30, daily except Sundays.


Three rows in smaller size: Sorento vs. Tiguan

Most compact SUVs seat five people. But there are a few that also come with a third-row seat to boost capacity up to seven passengers. While that third row is pretty small, it does give you an easier-to-park and less-expensive alternative to a three-row midsize SUV.


Big-ticket purchases looming? Here’s how to plan

When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price. Baxter, a financial coach based in Dallas, says she saved around $6,000 as a result.


4 money moves to make before your baby arrives

The arrival of a new baby is all-consuming. In the early weeks, your waking hours are a cycle of feedings, diaper changes and Googling “Is it normal for a baby to (fill in the blank)?”


Saban: Alabama players topped $3 million in NIL money

ATLANTA (AP) — Nick Saban has been vocal about his issues with the status quo in name, image and likeness deals and their use in recruiting.


Electronics repair company to locate hub in Chattanooga

NASHVILLE (AP) — Tennessee Gov. Bill Lee on Tuesday announced that electronics repair company iFixit will establish an East Coast hub in Chattanooga.


Suit faults FEC for inaction on Trump's teasing of 2024 run

A pro-Democratic super PAC is accusing the Federal Election Commission of allowing former President Donald Trump "to continue violating the law" by dragging its feet over a complaint concerning Trump's teasing of a future White House bid.

Jury: Tesla just 1% to blame for teen driver's fiery crash

MIAMI (AP) — A jury in Florida has found Tesla just 1% negligent in a fiery crash that killed two teens, for disabling a speed limiter on the electric car.


US home sales fell in June as prices reach new heights

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines.


Tesla 2Q profit drops from 1Q, but company beats estimates

DETROIT (AP) — Tesla's second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles.

US Postal Service to boost purchases of electric vehicles

WASHINGTON (AP) — The U.S. Postal Service plans to substantially increase the number of electric-powered vehicles it's buying to replace its fleet of aging delivery trucks, officials said Wednesday.

Federal monitor accuses UAW of concealing misconduct probe

DETROIT (AP) — A monitor appointed by a federal judge in the wake of a United Auto Workers bribery and embezzlement scandal contends that the union has been uncooperative by withholding information on additional misconduct allegations.


United Airlines 2Q profit of $329M misses Wall Street target

United Airlines said Wednesday that it earned $329 million in the second quarter as summer vacationers packed planes, but the results fell far short of Wall Street expectations due largely to soaring fuel prices.


CDC endorses more traditional Novavax COVID shot for adults

U.S. adults who haven't gotten any COVID-19 shots yet should consider a new option from Novavax -- a more traditional kind of vaccine, health officials said Tuesday.


Can green hydrogen save a coal town and slow climate change?

DELTA, Utah (AP) — The coal plant is closing. In this tiny Utah town surrounded by cattle, alfalfa fields and scrub-lined desert highways, hundreds of workers over the next few years will be laid off — casualties of environmental regulations and competition from cheaper energy sources.

Biden to announce climate actions at ex-coal plant in Mass.

WASHINGTON (AP) — President Joe Biden will announce new actions on climate change that he can take on his own just days after an influential Democratic senator quashed hopes for a sweeping legislative package of new environmental programs this year.


US demands talks on Mexican energy policies it calls unfair

WASHINGTON (AP) — The United States is putting pressure on Mexico over energy policies that Washington says unfairly favor Mexico's state-owned electricity and oil companies over American competitors and clean-energy suppliers.

Sky-high diesel prices squeeze truckers, farmers, consumers

NEW YORK (AP) — When long-haul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize "deadheading" — driving an empty truck in between deliveries.

EXPLAINER: Can Europe live without Russian natural gas?

BERLIN (AP) — Europe faced an energy crisis even before the Nord Stream 1 pipeline from Russia to Germany went offline for regular maintenance.

Putin warns EU that gas supplies could keep dwindling

MOSCOW (AP) — Russian President Vladimir Putin said Tuesday it is the West's own fault that the flow of Russian natural gas to European customers has dwindled and warned that it could continue ebbing.

EU draws up energy plan in case of Russian gas cutoff

BRUSSELS (AP) — The European Union's head office on Wednesday proposed that member states cut their gas use by 15% over the coming months to ensure that any full Russian cutoff of natural gas supplies to the bloc will not fundamentally disrupt industries next winter.


Wall Street closes higher, adding to gains after big rally

A choppy day on Wall Street ended with more gains for stocks Wednesday, as investors welcomed another batch of encouraging profit reports from U.S. companies.

UK inflation surges to new 40-year high of 9.4%

LONDON (AP) — Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis.


Senators propose changes to electors law after Capitol riot

WASHINGTON (AP) — A bipartisan group of senators agreed Wednesday on proposed changes to the Electoral Count Act, the post-Civil War-era law for certifying presidential elections that came under intense scrutiny after the Jan. 6 attack on the Capitol and Donald Trump's effort to overturn the 2020 election.

Democrats push for 1st semi-automatic gun ban in 20 years

WASHINGTON (AP) — House Democrats pushed ahead Wednesday with legislation that would ban certain semi-automatic weapons as they considered their most far-reaching response yet to this summer's series of mass shootings.

Giuliani ordered to testify in Georgia 2020 election probe

ATLANTA (AP) — A judge in New York has ordered Rudy Giuliani to appear next month before a special grand jury in Atlanta that's investigating whether former President Donald Trump and others illegally tried to interfere in the 2020 general election in Georgia.

Schumer: Dems will push ahead on pared down economic measure

WASHINGTON (AP) — Democrats will push ahead on restraining pharmaceutical prices and extending health insurance subsidies for millions of Americans, Senate Majority Leader Chuck Schumer affirmed Tuesday, backing President Joe Biden's call for his party to settle for a pared-down economic package and effectively concede to a pivotal senator.

Luria, Kinzinger put careers on line in Jan. 6 investigation

WASHINGTON (AP) — Reps. Elaine Luria and Adam Kinzinger, who will lead questioning in the closing summer hearing of the Jan. 6 committee on Thursday night, are from different parties but agree emphatically on one thing: The investigation into the deadly insurrection at the U.S. Capitol is worth sacrificing their political careers.

Pressure on Senate GOP after same-sex marriage passes House

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer announced a renewed push to protect same-sex marriage in federal law on Wednesday after a surprising number of House Republicans helped pass landmark legislation in that chamber. Some GOP senators are already signaling support.

Biden to host African leaders for Dec summit in Washington

WASHINGTON (AP) — President Joe Biden announced Wednesday that he'll host African leaders for a summit in Washington in mid-December.


US sending more military aid to Ukraine as war grinds on

WASHINGTON (AP) — The U.S. and allies committed more rocket systems, ammunition and other military aid to Ukraine Wednesday, as American defense leaders said they see the war to block Russian gains in the eastern Donbas region grinding on for some time.

Showing war's toll, Ukraine first lady appeals for more arms

WASHINGTON (AP) — Ukraine first lady Olena Zelenska appealed face to face to U.S. lawmakers Wednesday for more air defense systems to help guard her country's skies, in an unsparing Capitol address showing the blood-stained baby strollers and small crumpled bodies left by Russian bombardment.

Ukrainian refugees forced to escape to enemy soil in Russia

NARVA, Estonia (AP) — For weeks Natalya Zadoyanova had lost contact with her younger brother Dmitriy, who was trapped in the besieged Ukrainian port city of Mariupol.

Ukrainian forces strike key bridge in Russian-occupied south

KYIV, Ukraine (AP) — Ukrainian forces have struck and seriously damaged a bridge that is key for supplying Russian troops in southern Ukraine, a regional official said Wednesday, as Russian shelling killed civilians including a 13-year-old boy in the embattled country's northeast.

Syria formally breaks diplomatic ties with Ukraine

DAMASCUS, Syria (AP) — Syria said Wednesday it is formally breaking diplomatic ties with Ukraine in response to a similar move by Kyiv.


Sankey sees changes in stronger SEC with expansion, playoff

ATLANTA (AP) — Southeastern Conference Commissioner Greg Sankey proclaimed Monday the league "is stronger now than at any other time in our history."

Kiffin describes opening query about Saban as 'pretty usual'

ATLANTA (AP) — Mississippi coach Lane Kiffin provided a strong hint he and other SEC coaches who were former assistants on Alabama coach Nick Saban's staff, including Georgia coach Kirby Smart, may grow tired of questions about their former boss.


American defender Shaq Moore joins Nashville from Tenerife

NASHVILLE (AP) — American right back Shaq Moore was acquired by Nashville of Major League Soccer on Wednesday and agreed to a contract through the 2025 season.


Tennessee Human Rights Commission selects new director

NASHVILLE (AP) — The Tennessee Human Rights Board of Commissioners has named a new executive director to oversee the agency.


Government says Bannon ignored subpoena, acted above the law

WASHINGTON (AP) — Federal prosecutors accused former Trump adviser Steve Bannon on Tuesday of willfully ignoring a congressional subpoena in open defiance of the U.S. government.


US health insurers raise rates to match increase in usage

SACRAMENTO, California (AP) — After putting off routine health care for much of the pandemic, Americans are now returning to doctors' offices in big numbers — a trend that's starting to show up in higher insurance rates across the country.


Automakers targeting average households with new crop of EVs

WARREN, Mich. (AP) — In their first rollouts of electric vehicles, America's automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans.


Biden holds off on climate emergency declaration

WASHINGTON (AP) — President Joe Biden will travel to Massachusetts on Wednesday to promote his efforts to combat climate change but will stop short of issuing an emergency declaration that would unlock federal resources to deal with the issue, according to a person familiar with the president's plans.

Most major nations lag in acting on climate-fighting goals

WASHINGTON (AP) — For most of the major carbon-polluting nations, promising to fight climate change is a lot easier than actually doing it. In the United States, President Joe Biden has learned that the hard way.


Aviation faces hurdles to hit goals for cutting emissions

FARNBOROUGH, England (AP) — Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years — and that has the aviation industry facing the prospect of tighter environmental regulations and higher costs.

SAS pilots reach agreement with management, end strike

STOCKHOLM (AP) — Scandinavian Airlines pilots in Sweden, Norway and Denmark early Tuesday called off a strike that has been causing major disruption for 15 days after reaching a deal with management.


Stocks sweep higher on Wall Street as profit reports roll in

The stock market had its best day in more than three weeks Tuesday as more companies reported how much profit they made during the spring.

Twitter-Musk takeover dispute heading for an October trial

Elon Musk lost a fight to delay Twitter's lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the "cloud of uncertainty" over the social media company after the billionaire backed out of a deal to buy it.

EXPLAINER: Twitter, Musk and the Delaware Chancery Court

DOVER, Del. (AP) — Elon Musk's attempt to delay a lawsuit filed against him by Twitter after he tried to walk away from a $44 billion agreement to buy the company has failed. On Tuesday, a Delaware judge ordered an expedited trial citing the "cloud of uncertainty" over the social media platform.

J&J tops 2Q forecasts, trims guidance due to exchange rates

Johnson & Johnson rode growing sales of the cancer treatment Darzalex and other key drugs to a better-than-expected second quarter, but foreign exchange rates again cut into the health care giant's 2022 forecast.


National Archives asks Secret Service to probe deleted texts

WASHINGTON (AP) — The National Archives on Tuesday requested that the Secret Service investigate "the potential unauthorized deletion" of agency text messages sent and received around the Jan. 6, 2021, attack on the U.S. Capitol.

Jan. 6 panel chairman has COVID, prime-time hearing still on

WASHINGTON (AP) — Rep. Bennie Thompson, chairman of the House Jan. 6 committee, has tested positive for COVID-19, but the panel will still hold its prime-time hearing on Thursday, according to a spokesman for the panel.

Biden order aims to punish captors of Americans held abroad

WASHINGTON (AP) — President Joe Biden signed an executive order Tuesday aimed at increasing the flow of information to families of Americans detained abroad and at imposing sanctions on the criminals, terrorists or government officials who hold them captive.

House to vote on same-sex marriage, responding to high court

WASHINGTON (AP) — U.S. House members engaged in robust but lopsided debate Tuesday on legislation to protect same-sex and interracial marriages, amid concerns that the Supreme Court ruling overturning Roe v. Wade abortion access could jeopardize other rights criticized by many conservative Americans.

Partisan lines form over Dem drug price curbs, economic plan

WASHINGTON (AP) — Senate Minority Leader Mitch McConnell is warning that Democrats' plans to curb drug prices would insert "socialist price controls" between Americans and the treatments they need as partisan battle lines form over a shrunken economic package that President Joe Biden wants Congress to complete within weeks.

Former White House aides to testify at next Jan. 6 hearing

WASHINGTON (AP) — Two former White House aides are expected to testify at the House Jan. 6 committee's prime-time hearing Thursday as the panel examines what Donald Trump was doing as his supporters broke into the Capitol, according to a person familiar with the plans.

Senate panel subpoenas federal prisons director to testify

WASHINGTON (AP) — The outgoing director of the Bureau of Prisons has been subpoenaed to testify before a Senate committee examining abuse and corruption in the beleaguered federal agency.

Report: Conservative Newsmax peddles Jan. 6 misinformation

Washington (AP) — A conservative TV channel is presenting viewers with an "alternate universe" of how the deadly siege at the U.S. Capitol unfolded on Jan. 6, 2021, a new research report finds.


Russia pounds Ukraine as Putin holds talks in Tehran

KYIV, Ukraine (AP) — Russian missiles struck cities and villages in eastern and southern Ukraine, hitting homes, a school and a community center on Tuesday as Russian President Vladimir Putin traveled to Iran to discuss a U.N.-backed proposal to unblock exports of Ukrainian grain.

Amid Russia shelling, Ukraine aims to strengthen government

KYIV, Ukraine (AP) — As Russia kept up its relentless shelling across the country, Ukrainian President Volodymyr Zelenskyy expanded the shakeup of his security services on Monday by suspending 28 more officials, a day after he dismissed two senior officials over allegations that their agencies harbored "collaborators and traitors."


Tennessee equine census being conducted by university, state

KNOXVILLE (AP) — Officials in Tennessee are conducting a census to learn more about the economic impact and demographics of the equine industry in the state.


Jury selection underway for ex-Trump adviser Steve Bannon

WASHINGTON (AP) — Jury selection began Monday in the trial of Steve Bannon, a one-time top adviser to former President Donald Trump. He is facing criminal contempt of Congress charges after refusing for months to cooperate with the House committee investigating the Jan. 6, 2021, Capitol insurrection.


Fauci expects to retire by end of Biden's current term

WASHINGTON (AP) — Dr. Anthony Fauci, the government's top infectious disease expert, said Monday he plans to retire by the end of President Joe Biden's term in January 2025.


GM CEO Barra says headquarters to stay in downtown Detroit

NEW YORK (AP) — General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says.

GM's Barra stands by ambitious EV pledge

NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn't backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.


Delta places order for 100 Boeing 737 aircraft

Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft.


US developing satellite system to track hypersonic weapons

WASHINGTON (AP) — The U.S. will spend $1.3 billion to develop advanced satellites that will be able to better track hypersonic missile threats, the Pentagon said Monday, announcing two new contracts that will put the detection and tracking systems in orbit by 2025.


Wall Street rally fades as corporate profit reports ramp up

Stocks closed lower on Wall Street Monday after an early gain evaporated in the afternoon.

GE reveals identity of 3 companies after historic split

General Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate, including a mashup of words that will make up the name of the new energy company.

France, United Arab Emirates sign deal on energy cooperation

PARIS (AP) — France and the United Arab Emirates on Monday signed an agreement on energy cooperation to ensure oil and natural gas supplies from the Gulf country as Europe prepares for the possibility of a total gas cutoff from Russia in retaliation for sanctions over the war in Ukraine.

European leaders ink energy deals in bid to sidestep Russia

ROME (AP) — European leaders ramped up their push to secure alternative energy supplies Monday as fears escalate of a complete natural gas cutoff by Russia, with the leaders of Italy, France and the European Union sealing deals with their counterparts in Algeria, Azerbaijan and the United Arab Emirates.

Germany again rejects Russian explanation for gas supply cut

BERLIN (AP) — The German government said Monday that a turbine at the center of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence that there should be no technical obstacle to the gas flow.

Yellen calls out China trade practices in South Korea visit

WASHINGTON (AP) — Treasury Secretary Janet Yellen said the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage — calling out China by name.

Wall Street's slowdown cuts into Goldman's 2Q profits

NEW YORK (AP) — Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as turmoil in the financial markets and warnings of a possible recession caused the bank's deal-making business to slow down considerably.

Earnings slide ongoing for banks; BofA Q2 profit dips 32%

NEW YORK (AP) — Bank of America's second quarter profits fell 32%, the latest major U.S. bank to report a dip in earnings after a strong 2021.

Millions in jewels stolen from armored truck in California

LOS ANGELES (AP) — Millions of dollars worth of gems and jewelry were stolen in an armored truck robbery last week in Southern California, authorities said Sunday.


Panel: Hearing to show Trump's Jan. 6 'dereliction of duty'

WASHINGTON (AP) — A House committee's prime-time hearing Thursday will offer the most compelling evidence yet of then-President Donald Trump's "dereliction of duty" on the day of the Jan. 6 insurrection, with new witnesses detailing his failure to stem an angry mob storming the Capitol, committee members said Sunday.

Biden's realism approach runs head-on into liberal pressure

WASHINGTON (AP) — On restoring access to abortion, President Joe Biden says his hands are tied without more Democratic senators. Declaring a public health emergency on the matter has downsides, his aides say. And as for gun violence, Biden has been clear about the limits of what he can do on his own.

No major problems with ballot drop boxes in 2020, AP finds

ATLANTA (AP) — The expanded use of drop boxes for mailed ballots during the 2020 election did not lead to any widespread problems, according to an Associated Press survey of state election officials across the U.S. that revealed no cases of fraud, vandalism or theft that could have affected the results.


EU promises more Ukraine war aid; calls for sanctions unity

BRUSSELS (AP) — European Union foreign ministers promised another 500 millions euros in military aid to Ukraine's war chest to beef up the defense of the nation as the bloc's foreign policy chief exhorted member states not to waver in their commitment to sanctions against Russia.

EU zooms in on tighter Russia sanctions; backs Ukraine aid

BRUSSELS (AP) — European Union foreign ministers are zooming in Monday on tightening the extensive package of sanctions on Russia and looking at ways to add a ban on gold exports in hopes that the measures might finally start to have a decisive impact on the war in Ukraine.

Economics of war: Pain for Europe now, later for Russia

Across Europe, signs of distress are multiplying as Russia's war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants.


A look at Tennessee's primary elections

NASHVILLE (AP) — Voters can begin casting ballots Friday in Tennessee's Aug. 4 primary election as candidates compete to win their party's nomination for governor, Congress and state legislative seats.


Georgia DA considers seeking Trump testimony in 2020 probe

WASHINGTON (AP) — The Georgia prosecutor investigating potential criminal interference in the 2020 presidential election is considering requesting that former President Donald Trump testify under oath to a grand jury, while several people already subpoenaed as part of the probe have received letters informing them that they're at risk of being indicted.

NAACP calls on Garland to probe killing of Jayland Walker

WASHINGTON (AP) — The NAACP on Thursday made a direct plea to Attorney General Merrick Garland for the Justice Department to open a federal civil rights investigation into the shooting death of Jayland Walker, a Black man who was killed last month by officers in Ohio in a hail of police gunfire.


Growing enrollment, Optum Health propel UnitedHealth in 2Q

UnitedHealth Group hiked its 2022 forecast Friday after riding both growing health insurance enrollment and its newer care-providing businesses to a better-than-expected second quarter.

Experts rue simple steps not taken before latest COVID surge

With new omicron variants again driving COVID-19 hospital admissions and deaths higher in recent weeks, states and cities are rethinking their responses and the White House is stepping up efforts to alert the public.

25 million kids missed routine vaccinations because of COVID

GENEVA (AP) — About 25 million children worldwide have missed out on routine immunizations against common diseases like diptheria, largely because the coronavirus pandemic disrupted regular health services or triggered misinformation about vaccines, according to the U.N.


Toyota's Japan flagship Crown car to debut on global markets

TOKYO (AP) — Toyota's flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S.


Stocks end higher on Wall Street, still down for the week

Stocks closed higher Wall Street Friday following some encouraging economic data on consumer sentiment and inflation expectations.

Wells Fargo profit falls buy loan growth buoys investors

Wells Fargo, the nation's largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market.

China's economy shrinks 2.6% during virus shutdowns

BEIJING (AP) — China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a "stable recovery" is under way after businesses reopened.

IMF reaches preliminary deal with Pakistan on $6B bailout

ISLAMABAD (AP) — The International Monetary Fund said Thursday it has reached a preliminary agreement with Pakistan to revive a $6 billion bailout package for this impoverished, majority Muslim nation struck by a serious economic crisis since last year.


Watchdog briefs Jan. 6 panel on erased Secret Service texts

WASHINGTON (AP) — The watchdog for the Department of Homeland Security on Friday briefed all nine members of the House committee investigating the U.S. Capitol attack about his finding that the Secret Service deleted texts from around Jan. 6, according to two people familiar with the matter.

Biden tells Dems to quickly pass pared-down economic package

WASHINGTON (AP) — President Joe Biden seemed to bow Friday to Sen. Joe Manchin's demand for a slimmed-down economic package, telling Democrats to quickly push the measure through Congress so families could "sleep easier" and enjoy the health care savings it proposes.

All about Manchin: What Biden wanted for US, senator did not

WASHINGTON (AP) — It launched as the new president's ambitious plan for rebuilding America — a $2.3 trillion domestic infrastructure investment coupled with a $1.8 trillion plan to bolster U.S. families with support for health care, child care, college costs, unseen in generations.

Watchdog says Secret Service deleted Jan. 6 text messages

WASHINGTON (AP) — Secret Service agents deleted text messages sent and received around the Jan. 6, 2021, attack on the U.S. Capitol even after an inspector general requested them as part of an investigation into the insurrection, the government watchdog has found.

House votes to restore abortion rights, Senate odds dim

WASHINGTON (AP) — The House has voted to restore abortion rights nationwide in Democrats' first legislative response to the Supreme Court's landmark decision overturning Roe v. Wade.

Putin reshuffles top officials, names new space agency head

MOSCOW (AP) — Russian President Vladimir Putin on Friday reshuffled his top officials, naming a new head of the state space corporation and giving new broad powers to one of his top ministers.


Ukrainian rescue teams hunt for survivors in Vinnytsia

VINNYTSIA, Ukraine (AP) — Rescue teams with sniffer dogs combed through debris in a central Ukrainian city on Friday looking for people still missing after a Russian missile strike a day earlier that killed at least 23 people.

Macron: Turn out the lights, brace for Russian gas cutoff

PARIS (AP) — French President Emmanuel Macron warned his country's people Thursday to prepare for a total cutoff of Russian natural gas by supporting alternatives, having public lights switched off at night and engaging in a period of nationwide energy "sobriety."


Mukhtar, Willis lead Nashville to 1-0 victory over Sounders

NASHVILLE (AP) — Hany Mukhtar scored late in the first half and Joe Willis made it stand up to lead Nashville SC to a 1-0 victory over the Seattle Sounders on Wednesday night.


Memphis schools chief suspended during investigation

MEMPHIS (AP) — The largest school district in Tennessee has placed its superintendent on paid leave while an outside attorney investigates allegations that he abused his power and violated policies, officials said.


Tennessee Supreme Court accepting AG applications

NASHVILLE (AP) — The Tennessee Supreme Court says it will soon begin accepting applications for the state's open attorney general position.


Gov. Lee: School voucher program to start immediately

NASHVILLE (AP) — Tennessee Gov. Bill Lee announced Wednesday that his administration will immediately begin rolling out his long-blocked school voucher program after a judge lifted an injunction that had prevented it from being implemented.


GM, partners to build 500 electric vehicle charging stations

DETROIT (AP) — A major automaker, large truck stop chain and an electric vehicle charging company are proposing a network that would put charging plugs at 50-mile intervals along U.S. highways.


US approves American Airlines flights to more cities in Cuba

FORT WORTH, Texas (AP) — U.S. officials on Wednesday approved a request by American Airlines to resume flights to five destinations in Cuba that were stopped in 2019 when the Trump administration sharply curtailed air service between the two countries.


EXPLAINER: How gestational age plays a role in abortion laws

NASHVILLE (AP) — The abortion bans taking effect after the nation's highest court overturned Roe v. Wade vary greatly in how they define when a pregnancy can be ended.

US regulators clear way for more monkeypox vaccine shipments

WASHINGTON (AP) — Thousands more doses of monkeypox vaccine are expected to soon begin shipping to the U.S. after federal health officials said they had completed an inspection of the overseas plant where they were manufactured.

Amazon offers concessions to head off EU antitrust cases

LONDON (AP) — Amazon, seeking to resolve two European Union antitrust investigations, has promised to treat third-party merchants on its website fairly, the bloc's competition watchdog said Thursday.

Masks could return to Los Angeles as COVID surges nationwide

LOS ANGELES (AP) — Nick Barragan is used to wearing a mask because his job in the Los Angeles film industry has long required it, so he won't be fazed if the nation's most populous county reinstates rules requiring face coverings because of another spike in coronavirus cases across the country.

Experts rue simple steps not taken before latest COVID surge

With new omicron variants again driving COVID-19 hospital admissions and deaths higher in recent weeks, states and cities are rethinking their responses and the White House is stepping up efforts to alert the public.


Officials suggest pipeline company hid problems after spill

BILLINGS, Mont. (AP) — U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons (240,000 liters) of crude into Montana's Yellowstone River, fouling a small city's drinking water supply, court filings show.


Stocks fall as JPMorgan warning helps send banks lower

NEW YORK (AP) — Stocks closed broadly lower on Wall Street Thursday as JPMorgan Chase opened the latest round of corporate earnings for big banks with weak results and a warning about the economy.

Fed board member opens door to 1-point hike if demand rises

WASHINGTON (AP) — Christopher Waller, a member of the Federal Reserve's Board of Governors, said Thursday that he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate later this month if upcoming economic data points to robust consumer spending.

Fed ethics inquiry clears Powell and Clarida trades

WASHINGTON (AP) — The Federal Reserve's inspector general concluded Thursday that financial trades made several years ago by Chair Jerome Powell and Richard Clarida, then the vice chair, did not violate any laws or ethics rules.

Wholesale inflation in June surged 11.3% from a year ago

WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy.

US weekly jobless claims at highest point in nearly 8 months

WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week hit its highest level in nearly 8 months, but the total number of those collecting benefits fell.

Long lines are back at US food banks as inflation hits high

PHOENIX (AP) — Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.

JPMorgan 2Q profit drops; CEO warns of economic challenges

NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that's showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.

Amazon offers concessions to head off EU antitrust cases

LONDON (AP) — Amazon, seeking to resolve two European Union antitrust investigations, has promised to treat third-party merchants on its website fairly, the bloc's competition watchdog said Thursday.

US Embassy alarmed by power struggle at Libya's oil company

CAIRO (AP) — The U.S. Embassy in Libya voiced concern on Thursday over the struggle for control of Libya's oil corporation after its chairman was sacked by one of Libya's two rival governments.

Russia's war to keep hitting EU economy, push up inflation

BRUSSELS (AP) — Russia's war in Ukraine is expected to wreak havoc with the European Union's economic recovery for the foreseeable future with lower annual growth and record-high inflation, the bloc's economic forecast showed Thursday.

G-20 finance leaders tackle dire fallout from war in Ukraine

BANGKOK (AP) — U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work more closely in countering the impact from Russia's invasion of Ukraine.

Senate approves Michael Barr to Federal Reserve post

WASHINGTON (AP) — The Senate easily approved Michael Barr to be the Federal Reserve's top banking regulator in a bipartisan vote Wednesday.


Schumer readies vote on scaled-back computer chips bill

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer is telling senators to expect an initial vote as early as Tuesday on scaled-back legislation that would provide grants, tax credits and other financial incentives for companies that build semiconductor manufacturing plants in the U.S.

Bannon's criminal contempt trial on track for next week

WASHINGTON (AP) — A federal judge said Thursday that the criminal contempt trial of Steve Bannon can start as scheduled next week and that the extensive media coverage of the onetime adviser to former President Donald Trump should not be a barrier to selecting an unbiased jury to hear the case.

Capitol riot hearings raise questions of presidential power

WASHINGTON (AP) — The House Jan. 6 committee's investigation of the aftermath of the 2020 presidential election and the events leading up to the U.S. Capitol insurrection is raising questions about former President Donald Trump's role and whether he committed crimes.

Witness tampering at Jan. 6 hearing? Cheney raises prospect

WASHINGTON (AP) — In the latest Jan. 6 hearing, already standing out for its notable moments, Rep. Liz Cheney saved the most startling for last.

Burn pits legislation nears finish line with House approval

WASHINGTON (AP) — The House on Wednesday approved a significant expansion of health care and disability benefits for millions of veterans who were exposed to toxic burn pits while serving in Iraq and Afghanistan.


Russian missiles kill at least 23 in Ukraine, wound over 100

VINNYTSIA, Ukraine (AP) — Russian missiles struck a city in central Ukraine on Thursday, killing at least 23 people and wounding more than 100 others, Ukrainian authorities said. Ukraine's president accused Russia of deliberately targeting civilians in locations without military value.

Nations discuss coordinating Ukraine war crimes probes

THE HAGUE, Netherlands (AP) — The International Criminal Court's chief prosecutor called Thursday for an "overarching strategy" to coordinate efforts to bring perpetrators of war crimes in Ukraine to justice.

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