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Wall Street gets back to climbing

By Associated Press NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just

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Supreme Court allows investors’ class action to proceed against microchip company Nvidia

By Associated Press WASHINGTON — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected

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Business news in brief

By The Associated Press Trump announces more job picks WASHINGTON | President-elect Donald Trump has made another flurry of job announcements. He said Tuesday that he had selected Andrew Ferguson as the next chair of the Federal Trade Commission, Kimberly Guilfoyle as the ambassador to Greece and Tom Barrack as the ambassador to Turkey. Ferguson

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Guilty pleasures

By NewsPress Now The Sundance Film Festival unveils its lineup Next year’s Sundance Film Festival will feature Jennifer Lopez singing and dancing in Bill Condon’s “Kiss of the Spider Woman,” Questlove exploring the legacy of Sly & The Family Stone and Associated Press journalist Mstyslav Chernov’s latest documentary about the war in Ukraine. The Sundance

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U.S. secretary of education helps set national priorities in a system primarily funded and guided by local governments

By Dustin Hornbeck University of Memphis The Conversation via AP The Department of Education has been a source of political controversy since its creation in 1980 during Jimmy Carter’s presidency. President Ronald Reagan, who was first elected that year, called for it to be disbanded. As a scholar of educational policy and the balance of

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DA suggests unusual idea for halting Trump’s hush money case while upholding his conviction

By Associated Press NEW YORK — Eager to preserve President-elect Donald Trump ‘s hush money conviction even as he returns to office, prosecutors are suggesting various ways forward — including one based on how some courts handle criminal cases when defendants die. Trump’s spokesperson called the ideas “pathetic.” In court papers made public Tuesday, the

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Report on attempts to kill Trump urges Secret Service to limit protection of foreign leaders

By Associated Press WASHINGTON — A congressional task force investigating the attempts to kill Donald Trump during his presidential campaign is recommending changes to the Secret Service, including protecting fewer foreign leaders during the height of election season and considering moving the agency out of the Homeland Security Department. The 180-page report by the bipartisan

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South Korea’s ex-defense minister is formally arrested over brief imposition of martial law

By NewsPress Now SEOUL, South Korea | South Korea’s previous defense minister was formally arrested Wednesday over his alleged collusion with President Yoon Suk Yeol and others in imposing martial law last week, as authorities investigate whether their acts amount to rebellion. Martial law, the first in more than 40 years, lasted only about six

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Coastal residents flee from wind-driven wildfire in Malibu

By NewsPress Now MALIBU, Calif. | Thousands of Southern California residents were under evacuation orders and warnings Tuesday as firefighters battled a wind-driven wildfire in Malibu that burned near celebrities’ seaside mansions, horse farms and Pepperdine University, where students watched as flames raced down hillsides and the sky turned deep red. A “minimal number” of

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Business briefs

By NewsPress Now Boeing is building new 737 Max planes for first time since strike Boeing is resuming production of its bestselling plane, the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. The company said Tuesday that plane-building resumed at its plant in Renton, Washington,

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Wall Street slips to a rare back-to-back loss

By Associated Press NEW YORK — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high. They’re the first back-to-back losses for the

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