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Saturday, October 25, 2025
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From virtual unknowns
UTC is making a name for itself in competitive gaming
Inside a sleek new arena on the University of Tennessee at Chattanooga campus, the pulse of competition beats strong. Two squads enter, charged with tension – every movement calculated, every decision carrying the weight of victory or defeat. As they collide, bursts of chaos give way to brief silence. Precision, instinct and trust converge as teammates call out coordinates, cover angles and fight to seize even the smallest advantage.
Boggs takes aim at real gender divide in virtual world
Fewer than 5% of professional gamers are female
Inside a sleek new arena on the University of Tennessee at Chattanooga campus, the pulse of competition beats strong. Two squads enter, charged with tension – every movement calculated, every decision carrying the weight of victory or defeat. As they collide, bursts of chaos give way to brief silence. Precision, instinct and trust converge as teammates call out coordinates, cover angles and fight to seize even the smallest advantage.
Bayes finds his niche with esports play-by-play
When University of Tennessee at Chattanooga senior Nate Bayes sat down at his computer as a freshman to broadcast his friends’ esports matches “just for fun,” he couldn’t have imagined that four years later he’d be running livestream productions for an entire university program – or getting paid to call professional tournaments.
Local inventory rises; closings, pending sales dip
The latest housing data for September shows a market that remains steady overall, with year-over-year gains in inventory and home prices continuing across the Chattanooga region. Most national transactions last month reflect contracts signed earlier in the summer when mortgage rates were slightly higher, the National Association of Realtors reports. Locally, we saw a slight dip in closed and pending sales, along with a slightly longer time of homes on the market – signs of a market adjusting to seasonal trends. Still, strong price growth and rising inventory suggest continued opportunities for both buyers and sellers this fall.
Freedom, liberty – watchwords of our independence, protected by federal law
Two closely related words that animated the call for independence from Great Britian were liberty and freedom. Those two words called not only for independence from the then-governing power but also for individual liberty and freedom for the colonists. And by that, they meant the liberty and freedom to live their lives without undue government intrusion or interference.
Newsmakers: Henson named community development head
The Chattanooga City Council has confirmed Cedric Henson as administrator of the Department of Community Development. Henson has served as interim administrator since July and previously worked as deputy administrator for the Department of Public Works.
News briefs: UTC library digitizing hosiery records
The University of Tennessee at Chattanooga Library’s Special Collections has received a $1,900 State Board Programming Regrant from the Tennessee Historical Records Advisory Board to digitize materials from the United Hosiery Mills records – a project powered by student research. The funding is provided through the National Historical Publications and Records Commission.
Calendar: Boo in the Zoo
The Chattanooga Zoo’s annual event returns Oct. 24-25 and 31 with trick-or-treating, character meet-and-greets, a bounce house, a scavenger hunt and festive decorations. Popular characters like Elsa, Spider-Man and Moana will be on hand for photos, courtesy of Magic Lamp Entertainment. Boo in the Zoo runs 4-8 p.m. each night. Tickets
Rogers column: Are we really OK with Tennessee’s rising gun deaths?
The latest statistics on gun fatalities in Tennessee are in, and the adjectives that come to mind include alarming, depressing and frustrating. What they are not is surprising. Without diving too deep into the figures, the results show: • From 2013 to 2023, the last year for which full figures are available, the rate of overall firearm fatalities increased 41%, and the rate of overall firearm fatalities for children through age 17 increased 128%.
Financial Focus: Financial steps to prepare for Alzheimer’s, dementia
More than 7 million Americans have Alzheimer’s disease, according to a 2025 report from the Alzheimer’s Association. The emotional toll of watching a loved one struggle with the memory loss, depression, anxiety and cognitive decline is already overwhelming — but the financial burden can be significant too. Hopefully this disease will never touch your family, but it’s important to be financially prepared just in case. By planning to cover long-term care costs and creating a financial strategy for caregivers, you can help protect your family’s financial well-being.
Can Tennessee’s players execute what McCoy is preaching?
What does the Mike McCoy era seem to hold for the Titans? Sunday’s early returns were promising as McCoy centered the offense on the strengths of Cam Ward, with some play-action, some rollouts and even one play that looked like a run-pass option.
Flick picks: Sometimes a box office flop is still worth watching
Welcome back to Flick Picks, your twice-monthly movie fix. From a true-crime oddity to a nostalgic throwback, this week’s lineup serves up a mix of fresh releases, streaming gems and one delicious fall treat. Now playing “Roofman,” starring Channing Tatum and Kirsten Dunst, opens with a title card that declares, “This is a true story.” Not “Based on a true story” or “Inspired by a true story,” but “This IS a true story.”
Two books on business to set the stage for a better 2026
The calendar is running out and you want to make the best of what’s left of the year. You have a small to-do list, and one thing on it is to grow. So why not check out these new business books about growth, knowing your strengths, finding your best spot, and knowing history…
Small SUV comparison: VW Tiguan vs. Honda CRV
If you’re considering buying a new small SUV, there’s a good chance you’ll consider the Honda CR-V. The CR-V is among the most popular-selling models in the United States, and there are good reasons why. It’s practical, comfortable and quite good at getting you where you need to go with minimal fuss.
Watch those texts! Smartphones emerging as a new way for public figures to get into hot water
NEW YORK (AP) — Some politicians carry threats to their livelihood in the palms of their hands. News stories in recent weeks about offensive or ill-advised text messages have blown up the careers of several young Republicans in a chat group, led a nominee for a White House job to drop out, threatened the campaign of a Democrat running for Virginia attorney general and embarrassed a federal prosecutor.
How Trump and Xi are doing a delicate, sometimes pointed dance in bilateral trade talks
WASHINGTON (AP) — The calm following the Sept. 19 phone call between U.S. President Donald Trump and Chinese President Xi Jinping had barely ended when strong undercurrents surged, threatening to rock the entire ship. First, the U.S. government widened sanction rules on Chinese companies. Beijing retaliated by expanding permitting requirements on rare earth materials needed in everything from smartphones to fighter jets. Trump hit back with threats to impose an additional 100% tariff on Chinese goods, clouding any prospect for a trade deal ahead of a possible summit in South Korea between Trump and Xi on the sidelines of the Asia Pacific Economic Cooperation summit later this month.
White House East Wing demolished as Trump moves forward with ballroom construction
WASHINGTON (AP) — The entire White House East Wing has been demolished as President Donald Trump moves forward with construction of a ballroom, Associated Press photos on Thursday showed. The East Wing, where first ladies created history, planned state dinners and promoted causes, is now history itself. The two-story structure of drawing rooms and offices, including workspace for first ladies and their staffs, has been turned into rubble, demolished as part of the Republican president's plan to build what he said is now a $300 million ballroom nearly twice the size of the White House.
Titans place CB L'Jarius Sneed on injured reserve with injured quadricep muscle
NASHVILLE (AP) — The Tennessee Titans placed cornerback L'Jarius Sneed on injured reserve Thursday with a quadricep injury. This is the second straight season the Titans have put Sneed on injured reserve. He played only five games in 2024 after Tennessee traded with Kansas City for the two-time Super Bowl champ and gave him a contract that made Sneed the NFL's fifth-highest paid cornerback at the time.
Cole Smith, Juuse Saros lead Predators over Canucks 2-1
NASHVILLE (AP) — Cole Smith scored at 5:09 of the third period to lead the Nashville Predators to a 2-1 victory over the Vancouver Canucks on Thursday night. Ryan O'Reilly also scored and Juuse Saros made 21 saves for the Predators, who snapped a four-game losing streak.
What to know about the blast at a Tennessee explosives plant that killed 16 people
NASHVILLE (AP) — Authorities plan to give an update Friday on the massive blast at a Tennessee explosives plant that killed 16 people. The delicate investigation at the Accurate Energetic Systems plant hasn't determined the cause of the Oct. 10 explosion, which killed people ages 21 to 60. The Tennessee Bureau of Investigation has positively identified 14 of the 16 victims using rapid DNA testing, authorities said.
New York Attorney General Letitia James pleads not guilty in mortgage fraud case pushed by Trump
NORFOLK, Va. (AP) — New York Attorney General Letitia James pleaded not guilty on Friday to federal charges accusing her of lying on mortgage papers to secure favorable loan terms in a case pushed by President Donald Trump. James' first court appearance in Virginia sets the stage for a high-stakes legal battle between the Republican administration and a Democratic longtime Trump adversary who angered him with a major civil fraud case she brought against him.
Louisiana jury awards more than $40M to family of man who died in privately-run jail
NEW ORLEANS (AP) — A federal jury found a private company running a Louisiana jail liable for the 2015 death of a man who died of head injuries he received while in custody, and awarded the family more than $40 million in damages. Attorneys representing Erie Moore Sr.'s family say they believe the verdict handed down this week in the Western District of Louisiana is among the highest ever jury awards for an in-custody death in the U.S.
Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month
WASHINGTON (AP) — The Social Security Administration's annual cost-of-living adjustment will go up by 2.8% in 2026, translating to an average increase of more than $56 for retirees every month, agency officials said Friday. The benefits increase for nearly 71 million Social Security recipients will go into effect beginning in January. And increased payments to nearly 7.5 million people receiving Supplemental Security Income will begin on Dec. 31.
Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production
TORONTO (AP) — The Canadian government is limiting how many vehicles Stellantis and GM can import tariff free after the automakers ended some production in Canada, a government official said Thursday. The official said the companies will no longer be eligible to get the full break on Canadian countertariff duties on autos and auto parts. The official spoke on condition of anonymity as they were not authorized to speak publicly about the matter.
EU accuses Meta and TikTok of breaching transparency rules
BRUSSELS (AP) — The European Union on Friday said Meta and TitTok had breached their transparency obligations after an investigation that could result in billions of dollars in fines. The inquiry found both companies had violated the Digital Services Act, the EU's trailblazing digital rule book that imposes a set of strict requirements designed to keep internet users safe online, including making it easier to report counterfeit or unsafe goods or flag harmful or illegal content like hate speech, as well as a ban on ads targeted at children.
How a 2018 Supreme Court decision paved the way for meteoric growth in legal sports betting
WASHINGTON (AP) — A 2018 Supreme Court decision opened the floodgates to legalized sports-betting industry, now worth billions of dollars a year, even as it recognized that the decision was controversial. That high-court ruling is back in the spotlight after the arrests on Thursday of more than 30 people, including an NBA player and coach, in two cases alleging sprawling criminal schemes to rake in millions by rigging sports bets and poker games involving Mafia families.
US inflation stays elevated but prices rose less than feared last month
WASHINGTON (AP) — U.S. inflation remained elevated last month as gas prices jumped while the cost of rents cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow. Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories, core prices also rose 3%, down from 3.1% in the previous month.
Trump says he's ending trade talks with Canada over TV ads
WASHINGTON (AP) — President Donald Trump announced he's ending "all trade negotiations" with Canada because of a television ad opposing U.S. tariffs that he said misstated the facts and called "egregious behavior" aimed at influencing U.S. court decisions.
China's next 5-year plan puts focus on tech and consumers as trade wars drag on economy
HONG KONG (AP) — China's leaders are vowing to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers "high winds" amid elevated trade tensions with the U.S. An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,000-word communique released Thursday after a four-day top level meeting in Beijing, just days ahead of planned talks between Chinese leader Xi Jinping and U.S. President Donald Trump.
Anthropic inks multibillion-dollar deal with Google for AI chips
SAN FRANCISCO (AP) — Artificial intelligence company Anthropic has signed a multibillion-dollar deal with Google to acquire more of the computing power needed for the startup's chatbot, Claude. Anthropic said Thursday the deal will give it access to up to 1 million of Google's AI computer chips and is "worth tens of billions of dollars and is expected to bring well over a gigawatt of capacity online in 2026."
Intel posts profit even as it struggles to regain market share
NEW YORK (AP) — Intel has posted a profit in its first quarterly report since the U.S. government became a major shareholder in the struggling chipmaker. The one-time American tech icon reported a net income of $4.1 billion, or 90 cents per share, in the three months ending in September, up from a loss of $17 billion, or $3.88 per share, a year earlier. Revenue climbed 3% from last year to $13.7 billion.
Trump's favorability has fallen among Hispanics since January, a new AP-NORC poll finds
President Donald Trump's favorability has fallen among Hispanic adults since the beginning of the year, a new AP-NORC poll shows, a potential warning sign from a key constituency that helped secure his victory in the 2024 election. The October survey from The Associated Press-NORC Center for Public Affairs Research finds that 25% of Hispanic adults have a "somewhat" or "very" favorable view of Trump, down from 44% in an AP-NORC poll conducted just before the Republican took office for the second time. The percentage of Hispanic adults who say the country is going in the wrong direction has also increased slightly over the past few months, from 63% in March to 73% now.
In Japan and South Korea, Trump will promote big investments. But the details are still not clear
WASHINGTON (AP) — President Donald Trump is going to Japan and South Korea next week to promote an epic financial windfall — at least $900 billion in investments for U.S. factories, a natural gas pipeline and other projects. Japan and South Korea made those financial commitments in August to try to get Trump to ratchet down his planned tariff rates from 25% to 15%. But as the U.S. president is set to depart Friday night for Asia, the pledges are more of a loose end than money in the bank for American industry.
Trump's trade war with Canada: a timeline of how we got here
NEW YORK (AP) — President Donald Trump's barrage of tariffs has quickly strained the United States' longstanding relationship with Canada over the last year. Since taking office in January, Trump has threatened Canada's economy and sovereignty with steep import taxes on its goods. He's even claimed that America's neighbor to the north could be "the 51st state." That rhetoric — paired with volleys of on-again, off-again new tariffs — has outraged Canadians, and created wider uncertainty for businesses and consumers across both countries.
No. 9 Vandy's ranking highest since 1937; Tennessee No. 14
The Big 12 has five teams in the Top 25 for the first time this season, Vanderbilt earned its highest ranking in 88 years and LSU dropped out of The Associated Press college football poll Sunday following its third loss in four games. The top six was unchanged, with Ohio State holding the No. 1 spot for a ninth straight week followed by Indiana, Texas A&M, Alabama, Georgia and Oregon.
Ex-Tennessee Rep. Robin Smith sentenced to 8 months in prison in corruption case plea deal
NASHVILLE (AP) — A former state lawmaker whose testimony under a plea deal about a taxpayer-funded mail business scheme helped prosecutors land the conviction of a former Tennessee House speaker has been sentenced to eight months in prison. Former state Rep. Robin Smith, a Republican who had pleaded guilty to one count of honest services wire fraud more than 3 1/2 years ago, said during her sentencing hearing that she had "failed the trust of the public," the Chattanooga Times Free Press reported.
Here's what happens to your body when clocks 'fall back' an hour
Plan on a glorious extra hour of sleep as most of America "falls back" into standard time. But make sure to get outside for some morning sun, too — it'll help your body clock reset faster. Daylight saving time ends at 2 a.m. local time Sunday, which means you should set your clock back an hour before you go to bed. Standard time will last until March 8 when we will again "spring forward" with the return of daylight saving time.
Private donors gave more than $125M to keep foreign aid programs going after US cuts
NEW YORK (AP) — When the Trump administration froze foreign assistance overnight, urgent efforts began to figure out how to continue critical aid programs that could be funded by private donors. Multiple groups launched fundraisers in February and eventually, these emergency funds mobilized more than $125 million within eight months, a sum that while not nearly enough, was more than the organizers had ever imagined possible.
How twin disasters reshaped Habitat for Humanity under CEO Jonathan Reckford in the past 20 years
Jonathan Reckford jokes that before he became CEO of Habitat for Humanity International he couldn't really keep a job. In the two decades after he graduated from the University of North Carolina-Chapel Hill, Reckford had been a financial analyst at Goldman Sachs, coach of the Korean rowing team for the 1988 Olympics, and held executive and managerial positions at Marriott, Disney and Best Buy. He was executive pastor at Christ Presbyterian Church near Minneapolis, when he was recruited to lead Habitat in 2005.
Immigration crackdown stokes fear and solidarity at a Catholic church in DC
WASHINGTON (AP) — The imposing Shrine of the Sacred Heart, a Catholic church a short drive from the White House, was intended to be a sanctuary for worshippers. Now, its mostly immigrant congregation is steeped in fear. Church leaders say more than 40 members of their parish have been detained, deported or both since federal law enforcement stepped up their deployment in August.
Navy loses two aircraft from USS Nimitz aircraft carrier within 30 minutes
WASHINGTON (AP) — A fighter jet and a helicopter based off the aircraft carrier USS Nimitz both crashed into the South China Sea within 30 minutes of each other, the Navy's Pacific Fleet said. The three crew members of the MH-60R Sea Hawk helicopter were rescued on Sunday afternoon, and the two aviators in the F/A-18F Super Hornet fighter jet ejected and were recovered safely, and all five "are safe and in stable condition," the fleet said in a statement.
Republicans grapple with voter frustration over rising health care premiums
WASHINGTON (AP) — The first caller on a telephone town hall with Maryland Rep. Andy Harris, leader of the House's conservative Freedom Caucus, came ready with a question about the Affordable Care Act. Her cousin's disabled son is at risk of losing the insurance he gained under that law, the caller said.
Titans make clear with latest trade team ready to deal in rebuilding year
NASHVILLE (AP) — The Tennessee Titans have made it clear a week ahead of the NFL trade deadline that they're open for business after the latest loss in an ugly season. The Titans sent cornerback Roger McCreary with his expiring rookie contract to the Los Angeles Rams on Monday, their second trade involving a cornerback so far this season.
Titans trade CB Roger McCreary to the Rams for a conditional 2026 fifth-round draft pick
NASHVILLE (AP) — The Tennessee Titans traded cornerback Roger McCreary and a sixth-round pick to the Los Angeles Rams on Monday for a conditional fifth-round selection in the 2026 draft. McCreary was the 35th pick overall in the second round out of Auburn in 2022. The 5-foot-11, 190-pound cornerback has started 38 of 55 games, and he has three interceptions and four sacks for his career. McCreary just got his first sack this season in Sunday's loss at Indianapolis.
Judge seeks assurances that Abrego Garcia won't be deported to Liberia in violation of court order
GREENBELT, Md. (AP) — A federal judge in Maryland on Monday sought assurances that the government will not deport Kilmar Abrego Garcia before she has lifted an injunction barring his removal from the U.S. Immigration and Customs Enforcement filed a notice late last week of their plan to deport him to the West African nation of Liberia as early as Friday. It's the latest in a series of African countries the agency has designated as possible destinations for the Salvadoran national.
Wall Street rallies to more records as gold's price slumps again
NEW YORK (AP) — Stocks climbed to more records on Monday ahead of a week packed with potentially market-moving events for Wall Street. The S&P 500 rose 1.2%. The Dow Jones Industrial Average added 337 points, or 0.7%, and the Nasdaq composite jumped 1.9%. Each of the trio set an all-time high for a second straight day.
Trump administration must restore grants for school counselors, judge rules
The Trump administration must release millions of dollars in grants meant to address the shortage of mental health workers in schools, a federal judge ruled Monday. Congress funded the mental health program after the 2022 school shooting in Uvalde, Texas. The grants were intended to help schools hire more counselors, psychologists and social workers, with a focus on rural and underserved areas of the country. But President Donald Trump's administration opposed diversity considerations used to award the grants and told recipients they wouldn't receive funding past December 2025.
Russian oil company Lukoil to sell international assets in response to Trump sanctions
FRANKFURT, Germany (AP) — Russian oil major Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a ceasefire in its war against Ukraine. The company said in a statement that it was already talking with potential purchasers. The transactions would be carried out under a sanctions grace period that allows transactions with Lukoil until Nov. 21, and the company said it would seek an extension if necessary to complete the transactions.
Consumer confidence dips modestly in October with Americans concerned about the future
WASHINGTON (AP) — Consumer confidence weakened slightly in October as Americans remain anxious about their future financial prospects. The Conference Board said Tuesday that its consumer confidence index fell by 1 point to 94.6 in October from an upwardly revised September reading of 95.6. Economists were expecting the reading to come in unchanged from the previous month. One year ago, the reading was 109.5.
Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow
WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto loans. Since Fed chair Jerome Powell strongly signaled in late August that rate cuts were likely this year, the average 30-year mortgage rate has fallen to about 6.2% from 6.6%, providing a boost to the otherwise-sluggish housing market.
US and China seek to strike a deal over rare earths, tariffs, soybeans
WASHINGTON (AP) — The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea. But they are likely to make enough progress on China's stranglehold on strategic minerals, American export controls and other nettlesome problems to calm financial markets and prevent their rivalry from doing much more economic damage for now.
Federal judge blocks the Trump administration from pulling funding for sex ed on gender diversity
PORTLAND, Ore. (AP) — A federal judge in Oregon has blocked President Donald Trump's administration from pulling sexual education funding over curricula mentioning diverse gender identities. U.S. District Judge Ann Aiken issued the preliminary injunction Monday as part of a lawsuit filed against the Health and Human Services Department by 16 states and the District of Columbia, which argued that pulling such money violated the separation of powers and federal law.
Trump administration shakes up ICE leadership across the country in major overhaul
WASHINGTON (AP) — The Trump administration is reassigning at least half the top leadership at Immigration and Customs Enforcement offices around the country in a major shake-up of the agency responsible for carrying out the president's vision for mass deportations, according to one current and one former U.S. government official.
Byington back for 2nd season at Vanderbilt with more portal additions
Mark Byington debuted as Vanderbilt's new coach by guiding the Commodores (20-13, 8-10 SEC) to their first NCAA Tournament berth since 2017. They won 20 games for the first time since 2011-12 and had 11 more victories than the season before. Byington filled up his roster with 11 transfers. Byington has gone back to the portal for more help after point guard and leading scorer Jason Edwards left for Providence.
Rick Barnes and No. 18 Tennessee reloads with 5-star Nate Ament and portal additions
The Volunteers – No. 18 Tennessee (30-8, 12-6 SEC) – have coach Rick Barnes back with contract extension after 10 seasons and a 232-109 record that allows him to stay as long as he wants. Barnes also has the top recruit in the 2025 class in Nate Ament joining Felix Okpara, the only starter back from an Elite Eight squad. The Vols have additions through the portal ready to pitch in for a program that has made seven straight NCAA Tournaments and one of only two teams to reach the last three Sweet 16s and past two Elite Eights.
Zemgus Girgensons scores twice as Lightning down Predators 5-2
NASHVILLE (AP) — Zemgus Girgensons scored two goals to lead the Tampa Bay Lightning to a 5-2 victory over the Nashville Predators on Tuesday night. Brandon Hagel, Nikita Kucherov and Charl-Edouard D'Astous also scored for the Lightning, and Andrei Vasilevskiy made 18 saves. After winning just one of their first seven games of the season, the Lightning have won three straight.
Court disqualifies Trump-appointed US attorney from overseeing multiple criminal cases
LOS ANGELES (AP) — A federal judge disqualified acting U.S. Attorney Bill Essayli in Southern California from several cases after concluding Tuesday that the Trump appointee has stayed in the temporary job longer than allowed by law. U.S. District Judge J. Michael Seabright disqualified Essayli from supervising the criminal prosecutions in three cases, siding with defense lawyers. Essayli has been unlawfully serving as acting U.S. attorney for the Central District of California since July 29, Seabright wrote. But he may continue to serve as a First Assistant United States Attorney, Seabright ruled, effectively leaving him as the office's top prosecutor.
What to know as the annual sign-up window for health insurance arrives
Higher prices, less help and a government shutdown all hang over health insurance markets as shoppers start looking for coverage this week. The annual enrollment window for millions of people to pick an individual plan opens Saturday in nearly all states, and a heavy dose of politics weighs on this year's search.
Trump administration moves to overrule state laws protecting credit reports from medical debt
NEW YORK (AP) — The Trump administration is moving to overrule any state laws that may protect consumers' credit reports from medical debt and other debt issues. The Consumer Financial Protection Bureau has drafted what's known as an interpretative rule related to the Fair Credit Reporting Act, interpreting the law in a way that says the FCRA should preempt any state laws or regulations when it comes to how debt should be reported to the credit bureaus like Experian, Equifax and Trans Union.
US government allowed and even helped US firms sell tech used for surveillance in China, AP finds
U.S. lawmakers have tried four times since September last year to close what they called a glaring loophole: China is getting around export bans on the sale of powerful American AI chips by renting them through U.S. cloud services instead. But the proposals prompted a flurry of activity from more than 100 lobbyists from tech companies and their trade associations trying to weigh in, according to disclosure reports.
Singapore faces pressure to reveal carbon tax concessions to oil giants
SINGAPORE, Singapore (AP) — Carbon tax concessions granted to global oil giants may undermine incentives to shift to cleaner energy, environmentalists fear. So conservation groups in Singapore are seeking more transparency over what discounts the city-state of 6 million giving polluters for taxes on their climate-changing emissions. Singapore is the only Southeast Asian country to have imposed a carbon tax so far. Most of the European Union, California, South Korea and Japan also do so.
MacKenzie Scott gives $60 million to the Center for Disaster Philanthropy
MacKenzie Scott, one of the world's richest women and most influential philanthropists, has donated $60 million to the Center for Disaster Philanthropy, according to a Tuesday announcement from the nonprofit. The donation is among the largest single gifts Scott, the ex-wife of Amazon founder Jeff Bezos, has made to a nonprofit, and the largest the Center for Disaster Philanthropy has ever received.
Missing government data unlikely to sway Federal Reserve from rate-cut path
WASHINGTON (AP) — The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence. The government shutdown has cut off the flow of data that the Fed relies on to track employment, inflation, and the broader economy. September's jobs report, scheduled for release three weeks ago, is still postponed. This month's hiring figures, to be released Nov. 7, will likely be delayed and may be less comprehensive when they are finally released. And the White House said last week that October's inflation report may never be issued at all.
Fintech company Fiserv slashes guidance, shuffles leadership after big earnings miss
WASHINGTON (AP) — Fiserv shares careened to their lowest level in more than five years Wednesday after the fintech payment company badly missed Wall Street's profit targets, lowered its forecast and announced a shake-up in leadership. The company, which owns the point-of-sale business management platform Clover, cut its full-year revenue growth outlook to between 3.5% and 4%, down from the 10% it projected just three months ago. The company now expects 2025 profit-per-share to come in between $8.50 and $8.60 per share, down from previous guidance of $10.15 to $10.30 per share.
Trump scores golden gifts as United States and Seoul advance trade talks
GYEONGJU, South Korea (AP) — The United States and South Korea advanced trade talks on Wednesday, addressing details of $350 billion that would be invested in the American economy, after negotiations and ceremonies that included the presentation of a gold medal and crown to President Donald Trump.
Federal health officials push effort to spur cheaper biotech drugs
Federal regulators are trying to make it easier to develop cheaper alternatives to powerful drugs that many Americans depend on to treat autoimmune diseases or cancers. The Food and Drug Administration said Wednesday it has released guidance to simplify studies for biologic drugs and cut unnecessary testing.
GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand
NEW YORK (AP) — General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles. The Detroit News first reported the cuts on Wednesday — covering about 1,200 jobs at an all-electric plant in the Detroit area and 550 workers at Ultium Cells battery cell plant in Ohio, in addition to hundreds of other employees slated for temporary layoffs. GM later confirmed the news to The Associated Press.
Study finds EVs quickly overcome their energy-intensive build to be cleaner than gas cars
DETROIT (AP) — Making electric vehicles and their batteries is a dirty process that uses a lot of energy. But a new study says that EVs quickly make up for that with less overall emissions through two years of use than a gas-powered vehicle. The study also estimated that gas-powered vehicles cause at least twice as much environmental damage over their lifetimes as EVs, and said the benefits of EVs can be expected to increase in coming decades as clean sources of power, such as solar and wind, are brought onto the grid.
Microsoft deploys a fix to Azure cloud service that's hit with outage
NEW YORK (AP) — Microsoft has deployed a fix to address an outage of their Azure cloud portal that left users unable to access Office 365, Minecraft and other services. The tech company wrote on its to its Azure status page that a configuration change to its Azure infrastructure caused the outage, and that its fix is being rolled out.
Federal Reserve cuts key rate as government shutdown clouds economic outlook
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. "Job gains have slowed this year, and the unemployment rate has edged up but remained low through August," the Fed said in a statement issued Wednesday. "More recent indicators are consistent with these developments." The government hasn't issued unemployment data after August because of the shutdown. The Fed is watching private-sector figures instead.
What a Federal Reserve rate cut means for your finances
NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September. Before that, it had gone nine months without a cut. The federal funds rate is the rate at which banks borrow and lend to one another. While the rates consumers pay to borrow money aren't directly linked to this rate, shifts affect what you pay for credit cards, auto loans, mortgages, and other financial products.
What shutdown? Trump isn't canceling travel, golf or his ballroom even with the government shuttered
WASHINGTON (AP) — President Donald Trump isn't curtailing travel. He's not avoiding golf or making do with a skeleton staff in the West Wing. Even hamburgers served at the White House aren't from McDonalds, this time. In shutdowns past — including during Trump's first term — presidents normally scaled back their schedules. With staffers deemed "non-essential" sent home, the White House often sought to appear sympathetic to Americans affected by disruptions to health care, veterans benefits and other key services.
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