AP National Business

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — Micronesia’s first outbreak of COVID-19 has grown in one week to more than 1,000 cases and is causing alarm in the Pacific island nation. Last week, Micronesia likely became the final nation in the world with a population of more than 100,000 to experience an

By JAMES MacPHERSON Associated Press BISMARCK, N.D. (AP) — Gov. Doug Burgum says a crypto mining company is planning to redevelop a northeastern North Dakota anti-ballistic missile site abandoned in the 1970s into data center that may be used for the mining of bitcoin and other digital currencies. Bitzero announced last month that it planned

By KEVIN FREKING Associated Press WASHINGTON (AP) — President Joe Biden is asking Congress to move quickly to send to him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. Biden calls semiconductors “the building blocks for the modern economy.” The Senate is expected to take a

The Associated Press Benchmark U.S. crude oil for September delivery rose $2.20 to $98.62 a barrel Friday. Brent crude for September delivery rose 52 cents to $107.14 a barrel. Wholesale gasoline for August delivery fell 2 cents to $3.49 a gallon. August heating oil fell 6 cents to $3.62 a gallon. September natural gas rose

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is lowering its profit outlook for its fiscal second quarter and for the full year. The nation’s largest retail cites surging inflation on basics like food that is making shoppers cut back on discretionary items, particularly clothing, that carry higher profit margins. That consumer

Stocks that traded heavily or had substantial price changes Monday: World Wrestling Entertainment Inc., up $5.59 to $71.81. World Wrestling Entertainment jumped 9.5% after CEO Vince McMahon retired Friday amid an investigation into alleged misconduct. Weber Inc., down 95 cents to $6.56. The outdoor grill maker announced the departure of CEO Chris Scherzinger, pulled its

By KAY DERVISHI of The Chronicle of Philanthropy Chronicle of Philanthropy Hollywood film producer Dan Lin — known for movies such as Disney’s live action “Aladdin” and “The Two Popes” — is launching a nonprofit with more than $1 million from the Ford and MacArthur foundations as well as several other philanthropies. His goal is

By GRETCHEN EHLKE Associated Press Tim Giago, the founder of the first independently owned Native American newspaper in the United States, has died at age 88, his former wife said. Giago, who died at Monument Health in Rapid City, South Dakota, on Sunday, created an enduring legacy during his more than four decades of work

By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are struggling to find common ground on how to wean the bloc off its reliance on Russian natural gas. They seek to appease wary consumers at home while upholding unity as Moscow turns down the tap. On the eve of an emergency meeting to

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure to raise interest rates aggressively. But other

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York City.

BERLIN (AP) — Russia’s Gazprom says it would further reduce natural gas flows through a major pipeline to Europe to 20% of capacity, citing equipment repairs. The move announced Monday ramps up fears that Russia may cut off gas as political leverage over the war in Ukraine just as Europe tries to shore up storage

By TOM KRISHER AP Auto Writer SOUTHFIELD, Mich. (AP) — If the United Auto Workers union can’t organize workers at new electric-vehicle battery factories that will supply Detroit’s three automakers, the union’s future would be in serious doubt. Ray Curry, president of the 372,000-member UAW, says union representation at the battery plants is critical, given

By MICHAEL CASEY and CAROLYN THOMPSON Associated Press LOCKPORT, N.Y. (AP) — For as long as anyone can remember, rent increases rarely happened at Ridgeview Homes, a family-owned mobile home park in upstate New York. That changed in 2018 when corporate owners took over the 65-year-old park located amid farmland and down the road from

By MICHAEL BALSAMO Associated Press WASHINGTON (AP) — The Justice Department filed a lawsuit Monday against some of the largest poultry producers in the U.S. along with a proposed settlement seeking to end what it claims have been longstanding deceptive and abusive practices for workers. The suit, filed in federal court in Maryland, names Cargill,

By FARAI MUTSAKA Associated Press HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was announced Monday by the country’s central bank, the Reserve Bank of Zimbabwe, to boost confidence in

By MIKE SCHNEIDER Associated Press Growing up in mid-sized Virginia Beach, Andrew Waldholtz wanted to live in a big city so he moved to the District of Columbia for college. After four years in the comparatively expensive city, he realized he wanted a place to live that was more affordable. Waldholtz, 35, eventually found a

BERLIN (AP) — A closely watched survey shows that German business confidence has fallen more than expected this month, hitting a two-year low amid worries about higher energy prices and the prospect of a possible natural gas shortage. The Ifo institute said Monday that its monthly confidence index, a leading indicator for Europe’s biggest economy,

BERLIN (AP) — A German union has called on Lufthansa ground staff to walk out on a one-day strike Wednesday in a dispute over pay. The ver.di service workers’ union said Monday that the call applies to all Lufthansa locations in Germany. It comes amid negotiations on pay for about 20,000 employees of logistical, technical

The Associated Press The Conference Board delivers its latest index of U.S. consumer confidence Tuesday. The Federal Reserve delivers its latest interest rate policy update Wednesday following a two-day meeting of its policymakers. Amazon serves up its second-quarter results Thursday.

By LEE KEATH Associated Press CAIRO (AP) — Temperatures in the Middle East have risen far faster than the world’s average in the past three decades. Precipitation has been decreasing, and experts predict droughts will come with greater frequency and severity. The Middle East is one of the most vulnerable regions in the world to

By CLAUDIA LAUER The Associated Press PHILADELPHIA (AP) — Wei Chen wants people who visit Philadelphia’s Chinatown to look through the community’s gateway arch and see the residents chatting in Mandarin on the steps to the apartments above or the vendors selling traditional Chinese food to families walking by, not a giant Philadelphia 76ers arena

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel. Wall Street ended up 0.1% on Monday

By JIM VERTUNO Associated Press AUSTIN, Texas (AP) — Conspiracy theorist Alex Jones is set to face a defamation trial over his false comments that the 2012 Sandy Hook Elementary School massacre was a hoax. A jury was selected Monday in Austin, Texas. Courts have already found the Infowars host liable for his portrayal of

ST. CHARLES, Mo. (AP) — Roughly 2,500 Boeing workers are expected to go strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker. The strike is planned to begin Aug.1 at Boeing manufacturing facilities in St. Charles County, St. Louis County

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC’s “Meet the Press” just before a slew of economic reports will be released this week that

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plunged 32 cents over the past two weeks to $4.54 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall. “Further drops at the pump are likely as the wholesale gasoline

By SCOTT SONNER Associated Press RENO, Nev. (AP) — Opposition from friends, not foes, is creating potential roadblocks to President Joe Biden’s green energy agenda on federal lands in the blue-leaning, Western swing state of Nevada. Two lithium mines and a geothermal power plant in the works in the biggest U.S. gold-mining state are under

By MIKE FULLER Associated Press LONDON (AP) — Truck drivers and travelers seeking to cross from the U.K. into France faced major disruptions and long waiting times for a third day on the weekend that kicks off Britain’s summer holidays. Huge lines have formed since Friday at the Port of Dover for those taking car

By LINDSEY BAHR AP Film Writer Dwayne Johnson went a few steps beyond merely teasing his long-awaited “Black Adam” movie at Comic-Con in San Diego on Saturday. Ever the showman, Johnson brought a new traile r for the DC Comics superhero film and some flashy technology, lighting up the biggest room at the annual fan

By ANNE D’INNOCENZIO AP Business Writer NEW YORK (AP) — Struggling Chinese real estate developer China Evergrande has announced that its chief executive and chief financial officer have resigned after initial findings in a probe found $2 billion belonging to its property unit subsidiary was redirected back to the group. The news, announced Friday,  comes

By ANNE D’INNOCENZIO AP Business Writer NEW YORK (AP) — T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data had been stolen in a cyberattack. In a securities filing on Friday, the mobile phone company said the funds

By AYA BATRAWY, EILEEN NG, OMAR FARUK and KAREEM CHEHAYEB Associated Press Soki Wu’s food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice,” a national dish. But customers recently began complaining that his chicken didn’t taste quite as good as it

By RUSS BYNUM Associated Press SAVANNAH, Ga. (AP) — The state of Georgia and local governments are giving Hyundai Motor Group incentives worth $1.8 billion to build electric vehicles in the state. That’s according to the signed agreement disclosed by state officials Friday. The company announced in May that it will invest $5.5 billion in

By SUSAN HAIGH Associated Press World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO.

The Associated Press Wall Street gave back some of this week’s strong gains Friday following discouraging readings on the global economy and a slew of profit reports from big U.S. companies. The S&P 500′s drop ended a three-day rally that had lifted it to the highest level since early June. The Nasdaq saw the biggest

FORT LAUDERDALE, Fla. (AP) — An Oklahoma man claiming to be a film financier has been sentenced in Florida to nearly 22 years in federal prison for participating in a scheme to steal more than $60 million from investors and producers seeking financing for movies and Broadway shows. Court records show Jason Van Eman was

MEXICO CITY (AP) — About 30,000 workers at Mexico’s largest fixed-line telephone and internet company have agreed to go back to work while the government mediates a dispute over wages, pensions and benefits. The Labor Department said Friday it would act as mediator. The department says the union and company have 20 working days to

By HALELUYA HADERO and ANNE D’INNOCENZIO AP Business Writers NEW YORK (AP) — The top policy and communications executive at Amazon and a one-time White House spokesman has been named the head of policy at Airbnb. It is just the latest high-profile departure for Amazon. It comes as the e-commerce giant is facing a shifting

VIENNA (AP) — Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down. In a surprise announcement Friday, the company said Diess will depart Sept. 1 “by mutual consent” with the board. No reason was given. Porsche CEO Oliver Blume will succeed Diess.

By SARA RATHNER NerdWallet You may have learned that all debt is bad, but sometimes debt can make the things you need or want possible. A loan can help you spread the cost of a large purchase out over a longer period of time, so you’re not left with so little in your checking account

By TOM KRISHER AP Auto Writer DETROIT (AP) — Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years. Now, Hyundai, the larger of the two affiliated Korean

By MARCY GORDON AP Business Writer WASHINGTON (AP) — Democratic lawmakers are widening their scrutiny into the role of tech companies in collecting the personal data of people who may be seeking an abortion, as lawmakers, regulators and the Biden administration grapple with the aftermath of the Supreme Court ruling ending the constitutional protections for

WARSAW, Poland (AP) — Poland’s prime minister has sought to reassure the public that the country will have sufficient winter supplies of natural gas and coal. At a time of rising discontent with high inflation and shortages of coal for heating, Prime Minister Mateusz Morawiecki attributed the problems to Russia’s nearly five-month war in Ukraine.

Associated Press Lululemon workers in Washington, D.C. are filing to hold a union election, joining workers at other major companies aiming to organize amid a wave of labor wins over the past year. The petition was filed this week by the Association of Concerted Educators. The company refers to its sales staff as educators. The

By JILL LAWLESS Associated Press LONDON (AP) — Truck drivers and Britons heading off on holiday by ferry faced hours-long waits at the port of Dover on Friday, with authorities blaming French officials for the chaos — a claim France denied. Dover authorities said a lack of French border officials was leading to waits of

By KELVIN CHAN and MATT O’BRIEN AP Business Writers LONDON (AP) — Twitter is reporting a quarterly loss as revenue slipped even as user numbers climbed. The social media company’s latest quarterly earnings figures Friday offered a glimpse into how the social media business has performed during a months-long negotiation with billionaire Tesla CEO Elon

LONDON (AP) — The European Medicines Agency says the smallpox vaccine made by Bavarian Nordic should also be authorized against monkeypox as an outbreak of the once-rare disease sickens people across Europe. In a statement on Friday, the European Union drug regulator said its recommendation was based on animal studies that suggest the vaccine protects

By KEN SWEET AP Business Writer NEW YORK (AP) — American Express’ profits fell 14% in the second quarter, the company said Friday, as higher expenses more than offset record spending on its network by its cardmembers. AmEx said it earned a profit of $1.96 billion, or $2.57 a share, down from a profit of

By KRISHAN FRANCIS and ELAINE KURTENBACH Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s new president has always aspired to the pinnacle of power, enduring setback after setback but managing to recover from seemingly impossible defeats. Ranil Wickremesinghe has moved quickly to consolidate his position after lawmakers elected him this week to finish the

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s nuclear regulator has approved methods and facilities for the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant into the sea next year. Friday’s approval by the Nuclear Regulation Authority will enable Tokyo Electric Power Co. to start building necessary facilities ahead of

BARCELONA, Spain (AP) — Barcelona has sold a second package of its television rights to an American investment firm for an undisclosed amount as the Spanish club claws its way out of debt. Barcelona said Friday it had agreed to sell an additional 15% of income from TV rights from Spanish league games for 25

By GEIR MOULSON Associated Press BERLIN (AP) — The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package prompted by surging prices for natural gas and reduced Russian deliveries. Uniper, which has been Germany’s biggest importer of Russian gas, asked for a bailout two weeks ago.

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks slipped Friday, giving back some of their gains from earlier in the week as worries brewed about the global economy and prospects for profits at big internet companies. The S&P 500 lost 0.9% to break a three-day rally that had carried Wall Street to

By KRISHAN FRANCIS, RAFIQ MAQBOOL and RISHI LEKHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankan forces have violently cleared the main protest camp of demonstrators outraged by the country’s economic meltdown. That came as the newly elected and deeply unpopular president put army troops in the streets of the capital Friday to maintain

MEXICO CITY (AP) — The United States has filed its fifth labor complaint about alleged violations of union organizing rights in Mexico.  The complaint was filed under the U.S.-Mexico-Canada free trade pact, which requires that Mexico enforce a law that says employees are allowed to freely choose the union that represents them. For decades, undemocratic,

By KEN RITTER Associated Press LAS VEGAS (AP) — Limiting the size of new swimming pools in and around Las Vegas might save a drop in the proverbial bucket amid historic drought and climate change in the West. Officials are taking the plunge anyway, capping the size of new swimming pools at single-family residential homes

By RUSS BYNUM Associated Press SAVANNAH, Ga. (AP) — The owner of a 4,000-acre industrial site says it has ended a longstanding agreement to sell the property to a Georgia county seeking to build a launch pad for commercial rockets. Union Carbine Corporation said in a statement Thursday that it no longer intends to sell

SAN BRUNO, Calif. (AP) — YouTube will begin removing misleading videos about abortion in response to falsehoods being spread about the procedure that is being banned or restricted across a broad swath of the U.S. The move announced Thursday by the Google-owned video site comes about a month after the U.S. Supreme Court overturned Roe

By The Associated Press A chronology of events in the disappearance of Jimmy Hoffa, former president of the Teamsters union: July 30, 1975 — Hoffa leaves his Lake Orion home about 1 p.m. and makes a stop to visit a friend in Pontiac. He arrives around 2 p.m. at the Machus Red Fox restaurant in

CHARLESTON, W.Va. (AP) — The U.S. Department of the Interior on Thursday issued guidance for nearly $725 million in funding available this fiscal year for the reclamation of abandoned coal mines and cleanup of acid mine drainage. The guidance provides information about project eligibility, priorities and interpretation for the use of funding from President Joe

By BRUCE SCHREINER Associated Press FRANKFORT, Ky. (AP) — Gov. Andy Beshear has made a pitch to a company that took over plans to build an aluminum plant once promised to Kentucky. He’s trying to salvage a deal struck by his predecessor. Beshear said Thursday his administration has reached out to Steel Dynamics, offering to

By ED WHITE Associated Press DETROIT (AP) — The FBI found no evidence of missing Teamsters boss Jimmy Hoffa during a search of land under a New Jersey bridge, a spokeswoman said Thursday. The Pulaski Skyway now becomes another dead end in the decadeslong mystery that has stretched from a Michigan horse farm to the

By TOM MURPHY AP Health Writer CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy. A spokesman said Thursday that the drugstore chain recently started doing this for methotrexate and misoprostol, two drugs used in medication abortions but also

The Associated Press Stocks extended their winning streak on Wall Street Thursday. The gains came amid a deluge of news about the economy, interest rates and corporate profits. The S&P 500 returned to its highest level in six weeks. Much of the focus was on Europe, where the central bank raised interest rates for the

AUSTIN, Texas (AP) — Please disregard Oracle: Fiscal Q2 Earnings Snapshot, published on July 21, 2022, and datelined in AUSTIN, Texas. It duplicates a story that has already been published.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Tesla, Nucor rise; AT&T, United Airlines fall

The Associated Press Benchmark U.S. crude oil for September delivery fell $3.53 to $96.35 a barrel Thursday. Brent crude for September delivery fell $3.06 to $103.86 a barrel. Wholesale gasoline for August delivery fell 13 cents to $3.15 a gallon. August heating oil fell 1 cent to $3.59 a gallon. August natural gas fell 7

MEXICO CITY (AP) — About 30,000 workers at Mexico’s largest fixed-line telephone and internet company have gone on strike, but the company pledges to continue providing service. Teléfonos de Mexico is better known as Telmex, and was once a state-owned company that controlled basically all phone service in Mexico. But since its privatization in the

By AJA HANNAH and LEE CHILCOTE of The Land for The Chronicle of Philanthropy The Land for The Chronicle of Philanthropy CLEVELAND (AP) — Hakizimana Muvunye, a refugee from Congo who lives in Cleveland, is a man doing his best. He’s the owner of Asante Landscaping but has only five clients so he also drives

MENLO PARK, Calif. (AP) — Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order. The feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok. The changes announced

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish officials say a deal on a U.N. plan to unblock the shipment of Ukrainian grain and to allow Russia to export grain and fertilizers will be signed in Istanbul on Friday. The Turkish president’s office said President Recep Tayyip Erdogan, U.N. Secretary General Antonio Guterres

by GARANCE BURKE AND MICHAEL TARM Associated Press CHICAGO (AP) — A federal lawsuit filed Thursday alleges Chicago police misused “unreliable” gunshot detection technology and failed to pursue other leads in investigating a grandfather from the city’s South Side who was charged with killing a neighbor. Chicago prosecutors used audio picked up by a network

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A former Coinbase employee and his brother, along with a Houston man, have been charged in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case. Ishan Wahi and Nikhil Wahi have been arrested while Sameer Ramani remains at large. Federal authorities announced

ST. PETERSBURG, Fla. (AP) — A New Zealand-based company announced Thursday it plans to install more than 6,000 electric vehicle chargers in Florida over the coming months mainly at commercial sites, parking lots and other developments. Invisible Urban Charging, based in Auckland, New Zealand, says it’s partnering with Lincoln Property Co. to make charges available

By MICHELLE CHAPMAN AP Business Writer A new lunar rover is under development by Lockheed Martin and Goodyear as NASA gears up for a return to the moon. Unlike the rover first used during the Apollo 15 mission in 1971, built to last only a few days and for short trips, the new lunar vehicle

By PAUL WISEMAN and GABRIELA SELSER Associated Press WASHINGTON (AP) — The Biden administration dropped Nicaragua from a list of countries that can ship sugar to the United State at low import tax rates, another attempt to put economic pressure on the authoritarian government of Nicaraguan president Daniel Ortega.  The Office of the U.S. Trade

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — The energy minister of Cyprus says a  plan to develop a sizeable natural gas field off the Mediterranean island nation will be ready by the end of the year. Energy Minister Natasa Pilides said another well at the Aphrodite field will be used to gather additional

MEXICO CITY (AP) — The U.S. government has forced Mexico into negotiations over what Washington considers unfair practices that effectively exclude U.S. and other foreign companies from the Mexican energy sector in violation of the free trade agreement they signed with Canada. The energy sector is a point of national pride for Mexican President Andrés

By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — The governments of Spain and Portugal have criticized a European Union plan to reduce the bloc’s natural gas use by 15% to prepare for a potential cutoff by Russia this winter. The governments in Madrid and Lisbon said Thursday that they wouldn’t support the initiative. The

By SYLVIA HUI Associated Press LONDON (AP) — An independent inspection has found that Britain’s response to the increase in migrants crossing the English Channel on small boats is poor and officials are clearly overwhelmed. The review by the chief inspector of borders and immigration was published Thursday. It was among critical reports published this

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate.  Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to

By HALELUYA HADERO NEW YORK (AP) — Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services. One Medical runs membership-based primary care practices in several markets around the country and offers virtual care as

By STAN CHOE AP Business Writer NEW YORK (AP) — This year’s crazy market swings prove once again how little control we have over our investments. In such times, it can pay to focus on just what you can control. For investors, that often means avoiding high fees. By keeping expenses low, investors can hold

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific’s second-quarter profit improved a bit, but the railroad’s expenses jumped as it tried to reduce the delivery delays that have left its customers waiting for trains at times. The railroad said Thursday that its profit grew 2% to $1.84 billion, or $2.93 per

By KEN SWEET, MICHAEL CASEY and ALEX VEIGA The Associated Press NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then mortgage rates