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VOL. 46 | NO. 30 | Friday, July 29, 2022

What's on the virtual menu?

Online restaurants use celebrity, scale to shake up industry

If you’re traveling around downtown Nashville this weekend and hear an enthusiastic shout of “Wooooo!” don’t assume it’s coming from a pedal tavern-straddling bachelorette party.

Devouring the (Mr)Beast

How does the MrBeast Burger experience work? For the end consumer, most probably the highly pressured parent of a pre-teen gamer or YouTube fanatic (or both), it works very much like any other food delivery service.

JOE ROGERS: MY TAKE

Politicians are telling us how smart they aren’t

One way to think of an election ballot, like the ones for next week’s Republican and Democratic primaries in Tennessee, is as a multiple-choice IQ test.

Local Weather
Currently
Nashville, TN
58.0°F
Fair
Wind: North at 8.1 mph
Humidity: 67%

EVENTS

Member Connect Leads Exchange. Connect with fellow members while gaining exposure for your business at the monthly Leads Exchange. This is a facilitated, small group networking opportunity allowing each attendee to talk about their business in an intentional way. Williamson, Inc. /Power Room, 4031 Aspen Grove Dr., Suite 630, Franklin. Parking 4000 Rush Street. 11:30 a.m.-1 p.m. Additional meeting time: Wednesday, 3:30-5:30 p.m. Information

more events »

RICHARD COURTNEY: REALTY CHECK

Dad means well, but he’s no expert on real estate

As another recession looms, those in the mortgage lending community are absorbing the data and working with buyers and investors as they plot their financial courses.

REAL ESTATE

Average US long-term mortgage rates retreat to 5.3%

WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control.

TENNESSEE TITANS

Titans start camp with concerns on offense

Training camp has opened for the Tennessee Titans for 2022, and this year’s version of the team has seemingly flipped the script regarding issues facing the squad.

Training camp at a glance

The 2022 Tennessee Titans opened camp Saturday with rookies reporting first, veterans coming in Tuesday and the first full team practice Wednesday.

Titans' top pick Burks says he has asthma under control

NASHVILLE (AP) — Treylon Burks stretched out for a fade from Ryan Tannehill and kept both hands on the ball as he went to the ground for a deep reception. Later, he reached for a catch with defenders around him.

NEWSMAKERS

Stites & Harbison adds litigator Murphy

Ann H. Murphy has joined Stites & Harbison, PLLC in the firm’s Nashville office as part of the business litigation and construction service groups. Her practice focuses on professional liability of architects and engineers, construction defect litigation, construction contract law, professional discipline and commercial litigation.

BRIEFS

Highland Ventures to make Williamson home

Highland Ventures Ltd. will invest $8.2 million to relocate its headquarters operations from Glenview, Illinois, to Brentwood, company officials say, creating 80 jobs during the next five years.

BEHIND THE WHEEL

Updates of old faves: 2022’s best redesigned rides

There are two key points within the life cycle of a vehicle: the introduction of a fully redesigned model and a significant midlife update. If you’re looking to maximize your new vehicle purchase, knowing these timelines can help you make the best decision.

PERSONAL FINANCE

How to budget realistically for home repairs

If you’re a homeowner and haven’t faced a big repair bill yet, just wait. Stuff will wear out or break even in the best-maintained homes.

MILLENNIAL MONEY

Can job-hopping help, hurt retirement savings?

Millennials have been coined the “job-hopping generation,” and I’ve contributed to that stereotype. I started my career at 22 and have job-hopped almost every year since. For many of those years, I was young and restless, and there was another part of me looking for more fulfilling work and pay that reflected what I was worth.

MUSIC INDUSTRY

Dolly Parton among Carnegie Medal of Philanthropy winners

NEW YORK (AP) — Country superstar Dolly Parton, who made a big donation to help fund coronavirus vaccine research in 2020, is among this year's Carnegie Medal of Philanthropy recipients.

NASHVILLE AREA

Metro Council axes GOP convention bid; Milwaukee in line

NASHVILLE (AP) — Nashville's metro council has dealt a likely final blow to proponents of bringing the 2024 Republican National Convention to the city, leaving Milwaukee as the almost-certain winner to host the GOP's biggest party.

COURTS

Restraining order against anti-abortion activists extended

NASHVILLE (AP) — A federal judge in Tennessee has extended a restraining order against 10 anti-abortion activists and all members of Operation Save America, ordering them not to interfere with patients and providers at a reproductive health clinic outside of Nashville.

HEALTH CARE

EPA: Chemical in medical-device cleanser poses cancer risk

WASHINGTON (AP) — The Environmental Protection Agency is warning residents who live near medical sterilizing plants in 13 states and Puerto Rico about potential health risks from emissions of ethylene oxide, a chemical widely used in their operations.

Number of uninsured Americans drops to record low

Washington (AP) — The number of people living in America without health insurance coverage hit an all-time low of 8 percent this year, the U.S. Department of Health and Human Services announced Tuesday.

Even simple exercise may help aging brain, study hints

New research hints that even a simple exercise routine just might help older Americans with mild memory problems.

ENVIRONMENT

How the climate deal would help farmers aid the environment

ST. LOUIS (AP) — The climate deal reached last week by Senate Democrats could reduce the amount of greenhouse gases that American farmers produce by expanding programs that help accumulate carbon in soil, fund climate-focused research and lower the abundant methane emissions that come from cows.

NATIONAL/INTERNATIONAL BUSINESS

US stocks rise following solid earnings reports

Stocks are closing higher on Wall Street Wednesday as investors reviewed a mostly encouraging batch of earnings from big companies.

NLRB orders mine workers union to pay coal company over $13M

BIRMINGHAM, Ala. (AP) — A federal oversight board ordered the United Mine Workers of America to pay more than $13 million in compensation to an Alabama coal company where members have been on strike for more than a year, a ruling the union said Wednesday it would challenge.

New crypto oversight legislation arrives as industry shakes

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry.

OPEC+ boosts oil output by slower pace than previous months

The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.

COVID-19 vaccine sales push Moderna past expectations in Q2

Better-than-expected COVID-19 vaccine sales pushed Moderna past Wall Street's second-quarter forecasts.

Robinhood cuts 23% of its workforce as fewer users trade

NEW YORK (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.

Growing prescriptions help push CVS past Q2 expectations

CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims and COVID-19 test kits sales countered a drop in vaccinations.

Starbucks reports record revenue on frothy US demand

Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China.

Airbnb posts 2Q profit of $379 million on record bookings

Airbnb said Tuesday that it earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced a plan to spend up to $2 billion to buy its own stock.

NATIONAL/INTERNATIONAL POLITICS

US-China ties on a precipice after Pelosi visit to Taiwan

WASHINGTON (AP) — U.S.-China relations are teetering on a precipice after House Speaker Nancy Pelosi's visit to Taiwan.

Takeaways: Abortion backlash in Kansas, Greitens' collapse

WASHINGTON (AP) — In one of the biggest days of this year's primary campaign season, voters rejected a measure that would have made it easier to restrict abortion rights in red-state Kansas and repudiated a scandal-tarred former governor seeking a U.S. Senate seat in Missouri.

Senate set to vote to ratify adding Sweden, Finland to NATO

WASHINGTON (AP) — The Senate was set Wednesday to ratify NATO membership for Finland and Sweden, with overwhelming bipartisan support expected for quickly expanding the Western military alliance in response to Russia's invasion of Ukraine.

Biden signs executive order to protect travel for abortion

WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order aimed in part at making it easier for women seeking abortions to travel between states to obtain access to the procedure.

UKRAINE

First ship with Ukraine grain cleared to sail on to Lebanon

ISTANBUL (AP) — The first grain ship to depart Ukraine under a wartime deal entered the Bosporus Strait on the way to Lebanon after its cargo was checked and approved Wednesday, Turkish and Ukrainian authorities said.

Ukraine President Zelenskyy says China must not help Russia

CANBERRA, Australia (AP) — Ukraine President Volodymyr Zelenskyy told Australian university students that China must not help Russia in its war against his homeland and remain at least neutral.

Cold showers, no lights: Europe saves as Russian gas wanes

PARIS (AP) — Fanning out like urban guerrillas through Paris' darkened streets well after midnight, the anti-waste activists shinny up walls and drain pipes, reaching for switches to turn off the lights.


TUESDAY, AUGUST 2
MUSIC INDUSTRY

Songwriters Hall to induct Twain, Wariner, Lindsey, Nicholson, Malloy

The songwriting giants behind the hits “You’re Still The One,” “Holes In The Floor Of Heaven,” “Girl Crush,” “One More Last Chance” and “Drivin’ My Life Away” will soon become the newest members of the Nashville Songwriters Hall of Fame.

TENNESSEE TITANS

Titans shuffling O-line with undrafted guard, FCS tackle

NASHVILLE (AP) — Titans coach Mike Vrabel says Aaron Brewer is tougher than a $2 steak as the undrafted offensive lineman from Texas State tries to become Tennessee's new left guard.

Titans' Robert Woods, Caleb Farley push through ACL recovery

NASHVILLE (AP) — Titans wide receiver Robert Woods and cornerback Caleb Farley worked together on their own individual drill Monday during a special teams period at training camp.

EAST TENNESSEE

ETSU AD resigns, women's coach fired for Title IX complaints

JOHNSON CITY (AP) — East Tennessee State athletic director Scott Carter resigned Monday, while the Bucs announced they plan to fire women's basketball coach Simon Harris over Title IX complaints in his lone season.

COURTS

Elon Musk's tech allies miffed about Twitter subpoenas

SAN FRANCISCO (AP) — Elon Musk's wealthy high tech allies don't seem too happy about receiving subpoenas from Twitter as part of the company's legal battle with the Tesla CEO.

HEALTH CARE

Biden names FEMA, CDC officials to head monkeypox response

WASHINGTON (AP) — President Joe Biden is set to name top officials from the Federal Emergency Management Agency and the Centers for Disease Control and Prevention to serve as the White House coordinators to combat the growing monkeypox outbreak.

AUTO INDUSTRY

Ferrari earnings up 22% on surging deliveries to Americas

MILAN (AP) — Luxury Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% increase in second-quarter earnings as sales in the Americas surged.

TRANSPORTATION

British Airways pauses short-haul flight sales from Heathrow

LONDON (AP) — British Airways said Tuesday that it's suspending sales of short-haul flights from London's Heathrow Airport, a response to the airport's request to limit bookings to help ease travel disruptions caused by booming demand and staff shortages.

MEDIA

Stephen King to testify for government in books merger trial

WASHINGTON (AP) — As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House and Simon & Schuster would damage the careers of some of the most popular authors, it is leaning in part on the testimony of a writer who has thrived like few others: Stephen King.

BANKING

NY fines Robinhood Crypto $30M for skirting banking rules

NEW YORK (AP) — The crypto division of the online brokerage Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity, the state's Department of Financial Services announced Tuesday.

NATIONAL/INTERNATIONAL BUSINESS

Wall Street closes lower after another day of mixed trading

NEW YORK (AP) — U.S. stocks are closing lower as Wall Street's modest August retreat continued another day.

U.S. job openings slid to 10.7 million in June

WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.

BP earnings soar as energy firm profits from rising prices

LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy companies profit from high oil and natural gas prices that are fueling inflation and squeezing consumers.

Treasury says borrowing needs increased by $262 billion

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio.

US ambassador to Japan warns of Chinese economic coercion

TOKYO (AP) — The United States is working with Japan and other likeminded countries to counter China's efforts to use its economic might to force political change around the world, the U.S. ambassador to Japan said Tuesday in an interview with The Associated Press.

Caterpillar post strong Q2 profit as it raises prices

DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations with higher prices for machinery offsetting rising costs.

Uber revenue soars; Wall Street looks past $2.6 billion loss

Uber continued to build momentum in the second quarter with Americans heading back to offices and gross bookings hit an an all-time high as anxiety over COVID-19 eased.

NATIONAL/INTERNATIONAL POLITICS

The downside: US strike shows Afghanistan still terror base

WASHINGTON (AP) — The Biden administration is holding out the CIA operation that killed al-Qaida leader Ayman al-Zawahri as a monumental strike against the global terror network responsible for the Sept. 11 attacks of 2001. But there's a downside, too.

Doctor: Biden's COVID symptoms return, in 'good spirits'

WASHINGTON (AP) — President Joe Biden's "loose cough" has returned as he faces a rebound case of COVID-19, his doctor said Tuesday, though he "continues to feel well."

House panel subpoenas gunmaker for data on rifle sales

WASHINGTON (AP) — A House oversight panel on Tuesday subpoenaed gunmaker Smith & Wesson for documents on the manufacture and sale of AR-15-style semi-automatic rifles after its CEO refused to appear for a hearing on the firearms frequently used in mass shootings.

Pelosi believed headed to Taiwan, raising tension with China

TAIPEI, Taiwan (AP) — U.S. House Speaker Nancy Pelosi was believed headed for Taiwan on Tuesday on a visit that could significantly escalate tensions with Beijing, which claims the self-ruled island as its own territory.

EXPLAINER: How health care for vets became fight in Congress

WASHINGTON (AP) — A bill that would enhance health care and disability benefits for millions of veterans exposed to toxic burn pits hit a snag in the Senate last week, angering advocates like comedian Jon Stewart who say help from the government is long overdue.

Biden: Killing of al-Qaida leader is long-sought 'justice'

WASHINGTON (AP) — President Joe Biden announced Monday that al-Qaida leader Ayman al-Zawahri was killed in a U.S. drone strike in Kabul, an operation he said delivered justice and hopefully "one more measure of closure" to families of the victims of the Sept. 11, 2001, attacks on the United States.

Watching al-Qaida chief's 'pattern of life' key to his death

WASHINGTON (AP) — As the sun was rising in Kabul on Sunday, two Hellfire missiles fired by a U.S. drone ended Ayman al-Zawahri's decade-long reign as the leader of al-Qaida. The seeds of the audacious counterterrorism operation had been planted over many months.

UKRAINE

Russia declares Ukrainian military unit a terrorist group

The Russian Supreme Court on Tuesday declared Ukraine's Azov Regiment a terrorist organization banned in Russia, a designation that may expose Ukrainian prisoners of war held by Moscow to terrorism charges.

Voyage of Ukraine shipment provides test of grain agreement

KYIV, Ukraine (AP) — The first cargo ship to leave Ukraine since Russia invaded its neighbor more than five months ago was off the coast of Bulgaria on Tuesday as it headed toward Istanbul, putting to the test an agreement signed last month between Moscow and Kyiv that aims to help alleviate a global food crisis.


MONDAY, AUGUST 1
MUSIC INDUSTRY

Barbara Mandrell returns to the Opry for 50th anniversary

NASHVILLE (AP) — Country Music Hall of Famer and Grammy winner Barbara Mandrell retired from music more than two decades ago, but the Grand Ole Opry still feels like home to her.

COURTS

Man who stormed Capitol with gun gets 87 months in prison

WASHINGTON (AP) — A Texas man convicted of storming the U.S. Capitol with a holstered handgun helmet and body armor was sentenced on Monday to 87 months — more than seven years — in prison, the longest sentence imposed so far among hundreds of Capitol riot cases.

Biden nominates 3 for US attorney slots in Tennessee

NASHVILLE (AP) — President Joe Biden has nominated three people to serve as U.S. attorneys in Tennessee.

HEALTH CARE

USDA getting tougher on salmonella in chicken products

DES MOINES, Iowa (AP) — The federal government on Monday announced proposed new regulations that would force food processors to reduce the amount of salmonella bacteria found in some raw chicken products or risk being shut down.

ENVIRONMENT

Harris to announce $1B to states for floods, extreme heat

WASHINGTON (AP) — Vice President Kamala Harris called climate change an "immediate" and "urgent" crisis Monday as she detailed Biden administration efforts to respond to disasters such as deadly flooding in Kentucky and wildfires ravaging her home state of California.

MEDIA

US begins court battle against publishing giants' merger

WASHINGTON (AP) — The government and publishing titan Penguin Random House exchanged opening salvos in a federal antitrust trial Monday as the U.S. seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster. The case comes as a key test of the Biden administration's antitrust policy.

EDUCATION

As fewer kids enroll, big cities face a small schools crisis

CHICAGO (AP) — On a recent morning inside Chalmers School of Excellence on Chicago's West Side, five preschool and kindergarten students finished up drawings. Four staffers, including a teacher and a tutor, chatted with them about colors and shapes.

NATIONAL/INTERNATIONAL BUSINESS

Stocks slide to start August after best month since 2020

Stocks are closing slightly lower on Wall Street Monday as investors began another busy week of earnings and economic reports.

NATIONAL/INTERNATIONAL POLITICS

White House decries China rhetoric over Pelosi Taiwan visit

WASHINGTON (AP) — The White House on Monday decried Beijing's rhetoric over an expected visit by House Speaker Nancy Pelosi to Taiwan, vowing the United States "will not take the bait or engage in saber rattling" and has no interest in increasing tensions with China.

Dems seem headed for climate, health win after ups and downs

WASHINGTON (AP) — It's been more than a year in the making and has seen plenty of ups and downs. Now, a Democratic economic package focused on climate and health care faces hurdles but seems headed toward party-line passage by Congress next month.

Bumps, bipartisanship in long fight for semiconductor bill

WASHINGTON (AP) — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril.

HUD announces $2.8 billion in grants for homeless services

WASHINGTON (AP) — The Department of Housing and Urban Development is providing $2.8 billion in fresh funding for homeless services organizations across the country.

House passes bill banning certain semi-automatic guns

WASHINGTON (AP) — The House passed legislation Friday to revive a ban on certain semi-automatic guns, the first vote of its kind in years and a direct response to the firearms often used in the crush of mass shootings ripping through communities nationwide.

Jan. 6 panel to share 20 transcripts with Justice Department

WASHINGTON (AP) — The House Jan. 6 committee will share 20 of its interview transcripts with the Justice Department as federal prosecutors have been increasingly focused on efforts by former President Donald Trump and his allies to overturn the results of the election.

House Jan. 6 panel interviews Mnuchin, pursues Trump Cabinet

WASHINGTON (AP) — The House Jan. 6 committee has interviewed former Treasury Secretary Steven Mnuchin and is in negotiations to talk to several other former members of Donald Trump's Cabinet as it scrutinizes the days after the Capitol insurrection and discussions about whether to try and remove the then-president from office.

Doctor: Biden tests positive for COVID for 2nd day in a row

WASHINGTON (AP) — President Joe Biden tested positive for COVID-19 for the second straight day, in what appears to be a rare case of "rebound" following treatment with an anti-viral drug.

Manchin demurs on Biden in 2024 and Dem majorities this year

WASHINGTON (AP) — Sen. Joe Manchin, one of the Democrats' most conservative and contrarian members, declined on Sunday to endorse Joe Biden if the president seeks a second term in 2024 and refused to say whether he wants Democrats to retain control of Congress after the November elections.

UKRAINE

1st ship carrying Ukrainian grain leaves the port of Odesa

KYIV, Ukraine (AP) — The first ship carrying Ukrainian grain set out from the port of Odesa on Monday under a deal brokered by the United Nations and Turkey that is expected to release large stores of Ukrainian crops to foreign markets and ease a growing food crisis.

Ukraine seeks to retake the south, tying down Russian forces

Even as Moscow's war machine crawls across Ukraine's east, trying to achieve the Kremlin's goal of securing full control over the country's industrial heartland, Ukrainian forces are scaling up attacks to reclaim territory in the Russian-occupied south.


FRIDAY, JULY 29
AUTO RACING

Newgarden qualifies 5th at Indy after given all-clear

INDIANAPOLIS (AP) — Josef Newgarden will start fifth in Saturday's IndyCar race at Indianapolis Motor Speedway after series officials cleared the injured two-time series champ to qualify.

TENNESSEE TITANS

Titans QB Ryan Tannehill using playoff loss as fuel for 2022

NASHVILLE (AP) — No quarterback has won more games over his first three seasons with the Tennessee franchise than Ryan Tannehill, who has posted a 30-13 record for the Titans.

STATEWIDE

States hope for revenue boost with Mega Millions craze

A bump in college scholarships for New Mexico students. A new bike trail nestled in the western slope of Colorado. More homeless shelters in Arizona.

Tennessee back-to-school sales tax-free weekend kicks off

NASHVILLE (AP) — Tennessee is starting a sales tax-free weekend that covers back-to-school needs such as clothing, school supplies and computers. The sales tax holiday runs from Friday through Sunday.

COURTS

Judge suspended for opioid case comments, sexual allegations

NASHVILLE (AP) — A judicial oversight panel has suspended a Tennessee judge for the rest of his term, citing two very different types of indiscretion in handling cases.

Russian charged with using US groups to spread propaganda

WASHINGTON (AP) — A Russian operative who worked on behalf of one of the Kremlin's main intelligence services has been charged with recruiting political groups in the United States to advance pro-Russia propaganda, including during the invasion of Ukraine earlier this year, the Justice Department said Friday.

High court's Sotomayor, Barrett try to persuade each other

WASHINGTON (AP) — Two of the Supreme Court justices who disagree most often on the outcomes of cases say they both still try hard to persuade each other, and sometimes succeed. Justice Sonia Sotomayor and Justice Amy Coney Barrett made the comments in a pretaped conversation made public for the first time Thursday evening.

HEALTH CARE

States reach deal over marketing, safety of generic opioids

HARRISBURG, Pa. (AP) — A former opioid manufacturer has agreed in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices, state attorneys general announced Friday.

US rules out summer COVID boosters to focus on fall campaign

WASHINGTON (AP) — U.S. regulators said Friday they are no longer considering authorizing a second COVID-19 booster shot for all adults under 50 this summer, focusing instead on revamped vaccines for the fall that will target the newest viral subvariants.

California aims to make its own insulin brand to lower price

SACRAMENTO, Calif. (AP) — A vial of insulin cost $25 in 1995, back when Chris Noble was 5 years old and just learning how to manage his Type 1 diabetes with the help of his parents and his doctors.

US reaches deal with Moderna for omicron COVID-19 vaccine

WASHINGTON (AP) — The Biden administration said Friday it has reached an agreement with Moderna to buy 66 million doses of the company's next generation of COVID-19 vaccine that targets the highly transmissible omicron variant, enough supply this winter for all who want the upgraded booster.

AUTO INDUSTRY

Tennessee awards $5.2M for electric vehicle charging network

NASHVILLE (AP) — The Tennessee Department of Environment and Conservation has announced the award of $5.2 million in grants to install direct current fast chargers for electric vehicles along interstates and major highways around the state.

Senate deal should make it easier to buy electric vehicles

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.

NATIONAL/INTERNATIONAL BUSINESS

Stocks rally again, close out best month since Nov. 2020

Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market.

Unprecedented profit for major oil drillers as prices soared

NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.

Inflation and wage data suggest US prices will keep climbing

WASHINGTON (AP) — Inflation surged in June and workers' average wages accelerated in the spring — signs that Americans won't likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs.

Amazon posts 2Q loss but revenue tops estimates, stock jumps

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher.

UAW rescinds strike pay increase at annual convention

Members of the United Auto Workers union on Thursday rescinded an increase in strike pay that had been approved earlier in their annual convention.

Apple still thriving as economy slows, despite 3Q profit dip

BERKELEY, Calif. (AP) — Apple's profit slipped during the past quarter, but the world's largest technology company is holding up better than many of its peers as the economy teeters on the edge of a recession.

NATIONAL/INTERNATIONAL POLITICS

House to vote on semi-automatic gun ban, after 20-year lapse

WASHINGTON (AP) — The House is preparing to vote Friday to revive a ban on semi-automatic guns, the first vote of its kind in years and a direct response to the firearms often used in the crush of mass shootings ripping through communities nationwide.

Florida to schools: Don't follow federal LGBTQ protections

TALLAHASSEE, Fla. (AP) — Florida advised school districts to ignore protections for LGBTQ students that President Joe Biden's administration is trying to implement, saying the anti-discrimination language is not binding law and following the guidance could result in breaking state law.

Some Republicans see good politics in same-sex marriage bill

WASHINGTON (AP) — When asked if he'd support legislation to protect same-sex marriage, one conservative Republican senator was almost nonchalant.

White House to host attorneys to discuss abortion access

WASHINGTON (AP) — Attorney General Merrick Garland will headline a White House event Friday that will bring together pro bono lawyers, bar associations and public interest groups to discuss how best to offer legal services and protections for women seeking abortions.

Abortion foes downplay complex post-Roe v. Wade realities

WASHINGTON (AP) — When a 10-year-old Ohio girl traveled to Indiana last month to end a pregnancy forced onto her by a rapist, several conservative politicians and TV pundits called the report a hoax.

Basement talk, virtual handshake led to Manchin-Schumer deal

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin secreted themselves in a basement room at the Capitol.

Unexpected deal would boost Biden pledge on climate change

WASHINGTON (AP) — An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the United States to address global warming and could help President Joe Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030, experts said Thursday, as they sifted through a massive bill that revives action on climate change weeks after the legislation appeared dead.

US offers $10M reward for Russian election interference info

WASHINGTON (AP) — The State Department on Thursday offered a reward of up to $10 million for information about Russian interference in American elections, including a close associate of Russian President Vladimir Putin and a troll farm that officials say fueled a divisive social media campaign in 2016.

UKRAINE

Kremlin warns US against 'provocative' moves toward China

MOSCOW (AP) — The Kremlin on Friday offered strong support to China amid the tensions over Taiwan, warning the United States against any "provocative" moves that could exacerbate the situation.

Russia and Ukraine trade blame for shelling of POW prison

KYIV, Ukraine (AP) — Russia and Ukraine accused each other Friday of shelling a prison in a separatist region of eastern Ukraine, an attack that reportedly killed dozens of Ukrainian prisoners of war who were captured after the fall of a southern port city in May.

Isolation complication? US finds it's hard to shun Russia

WASHINGTON (AP) — The Biden administration likes to say Russia has become isolated internationally because of its invasion of Ukraine. Yet Moscow's top officials have hardly been cloistered in the Kremlin. And now, even the U.S. wants to talk.

Russia's Lavrov says he will discuss US prisoner swap offer

MOSCOW (AP) — Russian Foreign Minister Sergey Lavrov said Friday that he's open to a call with U.S. Secretary of State Antony Blinken to discuss a possible prisoner swap involving American basketball star Brittney Griner.


THURSDAY, JULY 28
EAST TENNESSEE

Chemical company to add 200 jobs at Tennessee site

CHARLESTON (AP) — A German chemical company plans to add 200 jobs through an expansion at its Tennessee campus.

COURTS

Feds: Kavanaugh plotter sought to alter court 'for decades'

WASHINGTON (AP) — The California man accused of plotting to kill Supreme Court Justice Brett Kavanaugh had an expansive goal to change the makeup of the Supreme Court "for decades to come," according to a recent court filing that cites discussions the man had online.

AUTO INDUSTRY

Stellantis earnings rise as electric vehicle sales expand

AMSTERDAM (AP) — Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric vehicles.

TRANSPORTATION

Southwest posts record revenue but warns of rising costs

DALLAS (AP) — Southwest Airlines' second-quarter profit doubled to $760 million on record revenue, but the carrier warned that rising costs and lower productivity are likely to continue in the second half of the year.

After hot bidding war JetBlue agrees to buy Spirit for $3.8B

JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation's fifth-largest airline if the deal can win approval from antitrust regulators.

MEDIA

Facebook ends funding for US news partnerships program

Meta Platforms says will no longer pay U.S. news organizations to have their material appear in Facebook's News Tab as it reallocates resources in the face of the economic downturn and changing user behavior.

In a 3rd test, Facebook still fails to block hate speech

Facebook is letting violent hate speech slip through its controls in Kenya as it has in other countries, according to a new report from the nonprofit groups Global Witness and Foxglove.

BANKING

Gov't: US Bank workers opened fake accounts for sales goals

NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their customers' names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday, in a case that is deeply similar to the sales practices scandal uncovered at Wells Fargo last decade.

NATIONAL/INTERNATIONAL BUSINESS

Wall Street closing higher after shaky start on GDP report

Stocks are closing higher on Wall Street Thursday as investors weighed fresh data showing that the U.S. economy shrank for a second consecutive quarter in the Spring.

US economy shrinks for a 2nd quarter, raising recession fear

WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

EXPLAINER: How do we know when a recession has begun?

WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended.

Fewer Americans applied for jobless benefits last week

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week's number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months.

US not yet in recession and 4 other takeaways from the Fed

WASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs.

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp., and expected to retire with a comfortable income by the time he hit 62.

German inflation rate slips again in July from month before

BERLIN (AP) — Germany's annual inflation rate has declined slightly for the second consecutive month, official data showed Thursday, but July's pace of 7.5% was still within sight of the nearly half-century high it reached in May.

Altria's $13B investment in Juul e-cigarettes vaporizes

WASHINGTON (AP) — Cigarette maker Altria's $13 billion investment in the troubled vaping company Juul has gone up in smoke — now worth less than 5% of its original value as U.S. regulators move to ban its e-cigarettes.

Watchdog head: Fines may not stop bad behavior by companies

NEW YORK (AP) — The head of the nation's financial watchdog is having second thoughts about how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference.

Shell posts record earnings again as energy prices soar

LONDON (AP) — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring prices of oil and natural gas fueled by Russia's war in Ukraine.

Best Buy cuts sales forecast as inflation tempers spending

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, cut its annual sales and profit forecast Wednesday, citing surging inflation that has dampened consumer spending on gadgets.

NATIONAL/INTERNATIONAL POLITICS

Congress OKs bill to aid computer chip firms, counter China

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.

Biden calls deal with Manchin 'godsend' for US families

WASHINGTON (AP) — President Joe Biden declared his support Thursday for the "historic" inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansive health care and climate change package that had eluded the White House and seemed all but lost.

House Jan. 6 panel interviews Mnuchin, pursues Trump Cabinet

WASHINGTON (AP) — The House Jan. 6 committee has interviewed former Treasury Secretary Steven Mnuchin and is in negotiations to talk to several other former members of Donald Trump's Cabinet as it scrutinizes the days after the Capitol insurrection and discussions about whether to try and remove the then-president from office.

What's in, and out, of Democrats' inflation-fighting package

WASHINGTON (AP) — What started as a $4 trillion effort during President Joe Biden's first months in office to rebuild America's public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change and deficit reduction strategies that appears headed toward quick votes in Congress.

Biden, Xi could meet in person, US official says

WASHINGTON (AP) — President Joe Biden and China's Xi Jinping are exploring meeting in person, a senior administration official said after the leaders spent more than two hours on Thursday talking through the future of their complicated relationship, with tension over Taiwan once again emerging as a flashpoint.

'New Cold War': Russia and West vie for influence in Africa

JOHANNESBURG (AP) — Russian, French and American leaders are crisscrossing Africa to win support for their positions on the war in Ukraine, waging what some say is the most intense competition for influence on the continent since the Cold War.

Pelosi to Taiwan would be career capstone, despite warnings

WASHINGTON (AP) — House Speaker Nancy Pelosi launched her political career being tough on China -- a new congresswoman who dared to unfurl a pro-democracy banner in Beijing's Tiananmen Square during a 1991 visit with other U.S. lawmakers shortly after the student massacre.

UKRAINE

Russia steps up strikes on Ukraine amid counterattacks

KYIV, Ukraine (AP) — Russian forces on Thursday launched massive missile strikes on Ukraine's Kyiv and Chernihiv regions, areas that hadn't been targeted in weeks, while Ukrainian officials announced an operation to liberate an occupied region in the country's south.

Kremlin poker-faced on US swap offer to free Griner, Whelan

MOSCOW (AP) — The Kremlin warned Thursday that a possible prisoner swap with the United States involving American basketball star Brittney Griner needs to be negotiated quietly without fanfare.

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