Consumers are increasingly pushing back against price increases — and winning

WASHINGTON — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching … Read more

Federal prosecutors accuse a New Mexico woman of fraud in oil and gas royalty case

ALBUQUERQUE, N.M. — A New Mexico businesswoman is accused of defrauding the U.S. government and two Native American tribes of taxes and royalties due to them for oil and gas that her companies extracted from leased federal and tribal lands. Federal prosecutors announced this week that Teresa McCown recently was indicted by a grand jury … Read more

US and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships

WASHINGTON — The U.S. and Britain struck more than a dozen Houthi targets in Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, including a missile strike this past week that set fire to a cargo vessel. According to U.S. … Read more

A collection of the insights Warren Buffett offered in his annual letter Saturday

Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing. Buffett’s latest annual letter to Berkshire Hathaway shareholders released Saturday morning was filled with a mix of both. On investing … Read more

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

OMAHA, Neb. — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also … Read more

White House, tribal leaders hail ‘historic’ deal to restore salmon runs in Pacific Northwest

WASHINGTON — The Biden administration, leaders of four Columbia River Basin tribes and the governors of Oregon and Washington celebrated on Friday as they signed papers formally launching a $1 billion plan to help recover depleted salmon populations in the Pacific Northwest. The plan, announced in December, stopped short of calling for the removal of … Read more

$454 million judgment against Trump is finalized, starting clock on appeal in civil fraud case

NEW YORK — The staggering civil fraud judgment against Donald Trump was finalized in New York on Friday, making official a verdict that leaves the former president on the hook for more than $454 million in fines and interest. The procedural step by the New York county clerk starts the clock on Trump’s appeals process, … Read more

Senators urge Biden to end duty-free treatment for packages valued at less than $800

WASHINGTON — Two U.S. senators looking to crack down on the number of packages from China that enter the country duty-free are calling on President Joe Biden to take executive action, saying U.S. manufacturers can’t compete with low-cost competitors they say rely on forced labor and state subsidies in key sectors. U.S. trade law allows … Read more

Maryland House OKs bill to enable undocumented immigrants to buy health insurance on state exchange

ANNAPOLIS, Md. — The Maryland House approved a measure on Friday to enable people to buy health insurance through the state’s health care exchange regardless of their immigration status, with the approval of a federal waiver. The House voted 101-34 for the bill, which now goes to the Senate, where similar legislation is under consideration. … Read more