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Bipartisan deal reached to save Milwaukee from bankruptcy

MADISON, Wis. (AP) — Wisconsin has handed cash-strapped Milwaukee a lifeline to stave off bankruptcy, allowing the city to raise sales taxes without voter approval as part of a larger local government and K-12 schools funding plan, according to a bipartisan deal announced Thursday Democratic Gov. Tony Evers and Republican lawmakers. Evers called it a “transformative” deal that will rescue Milwaukee from the threat of bankruptcy, “something that would have devastating consequences for communities in every corner of our state and our state economy as a whole.” As part of the ...

Senate confirms highest-ranking Muslim in gov’t after GOP blockade

WASHINGTON (AP) — The Senate on Thursday confirmed Dilawar Syed as deputy administrator of the Small Business Administration, ending more than two years of delays after a blockade by Republicans in the last Congress. Syed will be the highest-ranking Muslim official in the U.S. government. Republicans on the Small Business Committee had blocked his nomination, citing the agency’s payouts to abortion providers and other reasons. President Joe Biden had first nominated the Pakistani-born businessman to the position in March 2021, and he renominated him this year in the new ...

Europe’s economy output shrinks

LONDON (AP) — The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending. Economic output in the 20 countries that use the euro currency dropped 0.1% in both the final three months of 2022 and first three months of this year from the previous quarters, according to the European Union’s statistics agency Eurostat. That means the eurozone endured two consecutive quarters of decline, which is one definition of recession often ...

Wall Street drifts as drops for tech overshadow gains

NEW YORK (AP) — U.S. stocks drifted to a mixed finish Wednesday, as drops for Microsoft and other big-name tech stocks overshadowed gains across much of the rest of Wall Street. The S&P 500 fell 16.33, or 0.4%, to 4,267.52 even though the majority of stocks within the index rose. The Dow Jones Industrial Average gained 91.74, or 0.3%, to 33,665.02, while the Nasdaq composite fell 171.52, or 1.3%, to 13,104.89. Microsoft, Amazon, Nvidia and Alphabet all sank at least 3% and were the heaviest weights on the S&P 500. Because they’re some of Wall Street’s most valuable stocks, ...

How to uncover and address your teen’s money fears

The Associated Press Rumor has it teenagers only worry about their phones and their friends. But what if they worry about money, too? Research from the 2022 Junior Achievement Teens & Personal Finance Survey found that over 54% of teens feel unprepared for their financial futures. One way parents could help their kids feel more prepared is by addressing their money fears. Uncover your teen’s money fears There are several ways to learn about your teen’s money fears, but a good place to start is by looking at yours. (Parents) have to look at their own issues because what you ...

Dave & Buster’s, Vera Bradley rise; Campbell Soup, Calavo Growers fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Campbell Soup Co., down $4.51 to $46.08. The maker of canned soup, Pepperidge Farm cookies and V8 juice gave investors a disappointing profit forecast. Wayfair Inc., down 14 cents to $49.30. The online home goods retailer said its chief commercial officer is retiring and it gave investors a business update. United Natural Foods Inc., down $4.11 to $23.46. The organic and specialty foods distributor slashed its profit forecast for the year. Dave & Buster’s Entertainment Inc., up $6.17 ...