Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Business News Digest

DAVID BAUDER
October 05, 2023

The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.

The AP Business News supervisor can be reached at (800)-845-8450, ext. 1680.

TOP STORIES:

RISING RATES-ECONOMY -- Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve's efforts to tame inflation without causing a deep recession. Higher longer-term rates coincide with other threats, from higher gas prices and the resumption of student loan payments to the autoworkers' strike and the risk of a government shutdown next month. The September jobs report that the government will issue Friday morning will help illuminate how resilient the economy is - for now. By Christopher Rugaber. SENT: 990 words, photos.

AUTO WORKERS STRIKE-TEMPS -- Among the many changes being sought by striking United Auto Workers is an end to a system that pays workers much different wages for doing the same job. The biggest disparity is with temporary workers employed by the Detroit automakers who are making roughly half of what their co-workers bring home. By John Seewer and Tom Krisher. SENT: 950 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS -- Wall Street is drifting as pressure from the bond market remains high due to worries about a too-hot U.S. job market. Offering some relief was another sharp drop for oil prices. By Stan Choe. SENT: 670 words, photos. UPCOMING: About 800 words by 4:30 p.m., photo.

UNEMPLOYMENT BENEFITS -- Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve. By Matt Ott. SENT: 300 words, photos.

MORTGAGE RATES -- Freddie Mac reports on this week's average U.S. mortgage rates. By Alex Veiga. UPCOMING: 250 words after noon release.

IMF-ECONOMY -- International Monetary Fund Managing Director Kristalina Georgieva gives an opening speech in Ivory Coast ahead of the IMF/World Bank annual meetings in Marrakech, Morocco, next week. By Paul Wiseman. UPCOMING , By 2:00 p.m., photo, video.

OFF THE CHARTS-BOND YIELDS -- With bond-yields near 2-decade high, Wall Street's strong 2023 starts to deflate. By Damian Troise. SENT: 510 words, photos.

INDUSTRY:

HYUNDAI-TESLA CHARGING -- Hyundai and Kia say they're adopting North American Charging Standard ports for their electric vehicles in the U.S. and Canada, which will give the vehicles access to thousands of Tesla Superchargers across the two countries and Mexico. SENT.

ALASKA OIL-DIVIDEND DYSFUNCTION -- Alaska residents - adults and kids - will begin receiving checks of $1,312 this week, their designated yearly annual share of the state's nest-egg oil-wealth fund. In recent years, disagreement over the size of the annual dividend has resulted in legislative paralysis, overshadowing debates on other critical issues as Alaska struggles to attract workers and stem years of population decline. Now, some residents are questioning the merits of the only-in-Alaska benefit when the state also has no income or sales tax to fund needs. SENT: 1,140 words, photos.

DANGEROUS AIR BAGS -- The National Highway Traffic Safety Administration holds a hearing on its push for a recall of 52 million air bag inflators that can blow apart in a crash and spew metal shrapnel. UPCOMING: 850 words by 4:00 p.m. EDT.

TECHNOLOGY & MEDIA:

MEDIA-MSNBC-TRUMP -- During a recent "Morning Joe" discussion of another development in the four indictments of former President Donald Trump, NBC News reporter Ken Dilanian predicted, "we are in for a real show next year." MSNBC is not just counting on that to be true. It has built the network around it. By Media Writer David Bauder. SENT: 1,130 words, photos.

MEDIA FIGHTING TECH -- A new organization, the Sustainable Media Center, is trying to unite young activists with power brokers for a fight to make social media safer. The group is concerned with Big Tech's use of algorithms to funnel dangerous information to young people, and keep them using their platforms for as long as possible. SENT: 590 words, photos.

BRITAIN-CLOUD COMPUTING -- Concerns from regulators about the dominance of Amazon and Microsoft in Britain's cloud computing market have triggered a investigation into the competitiveness of the key industry. SENT: 400 words, photos.

INTERNATIONAL:

JAPAN-MORI BUILDING -- Tokyo is constantly recreating itself. These days, multibillion dollar redevelopment projects are replacing aging downtown neighborhoods of tiny two-story homes and apartments with massive mixed office, retail and residential centers designed to help the city burnish its status as a desirable home for global business. Mori Building, one of the biggest players in this effort led mainly by private developers, is putting the finishing touches on two big projects. UPCOMING , By 9:00 p.m. EDT, photo.

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