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Chevron ordered to pay more than $740 million to restore Louisiana coast in landmark trial

Chevron ordered to pay more than $740 million to restore Louisiana coast in landmark trial

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By JACK BROOK

POINTE À LA HACHE, La. (AP) — Oil company Chevron must pay at least $740 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making.

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The case was the first of dozens of pending lawsuits to reach trial in Louisiana against the world’s leading oil companies for their role in accelerating land loss along the state’s rapidly disappearing coast. The verdict – which Chevron says it will appeal – could set a precedent leaving other oil and gas firms on the hook for billions of dollars in damages tied to land loss and environmental degradation. read more

Congress has the power to halt Trump’s tariffs. But Republicans aren’t ready to use it

Congress has the power to halt Trump’s tariffs. But Republicans aren’t ready to use it

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By STEPHEN GROVES

WASHINGTON (AP) — As stock markets tumble in the aftermath of President Donald Trump’s sweeping tariffs, Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs — but almost none seemed ready to turn their words into action.

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The Republican president is upending longstanding GOP principles like support for free trade, yet despite clear misgivings and a Constitutional mandate to decide tariffs, most lawmakers were not ready to cross Trump. Instead, they were focusing all their attention on advancing the president’s ” big, beautiful bill ” of tax breaks and spending cuts, even as tariffs — in essence, import taxes — threatened to raise consumer prices across the board and push the global economy into a recession. read more

Wedding guest travel: Minimizing costs to make it work

Wedding guest travel: Minimizing costs to make it work

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By Erin El Issa, NerdWallet

Attending a wedding down the street can be costly — purchasing gifts and formalwear, hiring a babysitter and taking off work can all add up. But when the wedding is out of town and requires a flight or hotel stay, it can be downright expensive to celebrate someone else’s nuptials.

Nearly 1 in 10 Americans (9%) are going to a wedding this summer that requires at least one night away from home, according to a new NerdWallet survey, conducted online by The Harris Poll. These wedding guests estimate they’ll spend $1,989, on average, for the associated lodging and transportation costs.

Is traveling for someone else’s wedding worth the cost? That answer depends on your finances and personal priorities.

Deciding whether to travel for other people’s weddings

Most Americans say they’d travel out of town for a wedding (87%), but their top considerations for deciding whether or not to do so vary. Nearly half of Americans (46%) say a top consideration is travel costs, and 42% consider the location of the wedding.

Even if the funds are available and the locale is desirable, work and child care responsibilities could make leaving town for a wedding difficult, if not impossible. You might also just decide it’s not worth spending the time and money to celebrate this particular union in person. But if you want to RSVP “Yes”, here are a few ways to make it more cost-effective. read more

Think twice before bailing out of the stock market, financial advisers say

Think twice before bailing out of the stock market, financial advisers say

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By STAN CHOE and CORA LEWIS

NEW YORK (AP) — The huge swings rocking Wall Street and the global economy may feel far from normal. But, for investing at least, drops of this size have happened throughout history.

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Stomaching them is the price investors have had to pay in order to get the bigger returns that stocks can offer over other investments in the long term. Here’s a glimpse at what’s behind the market’s wild moves and what experts advise investors young and old to consider:

HOW BAD IS THE MARKET?

Wall Street’s main benchmark, the S&P 500, has lost more than 16% since setting an all-time high on Feb. 19, mostly because of worries about President Donald Trump’s tariffs. read more

Believe it or not, there are some winners in the stock market this week

Believe it or not, there are some winners in the stock market this week

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By DAMIAN J. TROISE

NEW YORK (AP) — Most of the numbers on Wall Street this week were red, but not all of them.

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Companies that focus on food, health care and other necessities gained ground, despite a slump in the broader stock market over worries about an escalating trade war that erased trillions of dollars in value for the biggest U.S. companies. Big Tech stocks, specialty retailers, travel and energy companies took sizeable losses.

At the same time, many investors in search of safer places to put their money shifted their focus to companies that tend to hold up during economic slowdowns and recessions. They figured that Americans still need health care, basic necessities such as food, soap and toilet paper, and electricity to power their homes. Plus the occasional alcoholic or carbonated beverage. read more