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MOGADISHU, Somalia (AP) — A Chinese-owned fishing vessel with 18 crew members aboard was hijacked last week off the northeastern coast of Somalia, local authorities said Friday. An official in Xaafuun district in the semi-autonomous state of Puntland, where the vessel is being held, told journalists that the hijackers include the ship’s security guards, who later joined forces with armed men from the coastal region. The European Union’s anti-piracy naval force, Eunavfor Atalanta, brought global attention to the incident after issuing a statement on Thursday that confirmed the local maritime authorities had notified it and investigations revealed that armed men...

Automotive research firm J.D. Power’s highly watched initial quality study is out — and it appears EVs are giving consumers big headaches. J.D. Power’s study tracks responses from nearly 100,000 purchasers and lessees of 2024 vehicles within the first 90 days of ownership, and for the first time in the study’s 38-year history, it incorporates repair visit data. Overall, internal combustion engine (ICE) vehicles averaged 180 PP100 (or 180 problems per 100 vehicles), while battery electric vehicles (BEVs) averaged a whopping 266 PP100, 86 points higher than ICE vehicles. Automakers have typically said that EVs are generally less problematic and...

Demand for electric vehicles is booming, or at least that’s what the International Energy Agency says. Globally, the IEA reports, EVs accounted for 14% of new vehicle sales in 2022 (compared to 9% in 2021). In the U.S. — the third-largest EV market after China and Europe — they made up 11% of new vehicle sales in September 2023 and, in the same month, passed the 1 million mark for EVs sold in 2023. And then compared that with Tesla, which ranks 14th on the list. Although a number of the brands higher on the list include hybrid cars, Tesla,...

Yahoo! Finance tried one of the most pathetic tactics to deflect responsibility away from President Joe Biden for America’s ongoing supply chain crisis: blaming pro-lifers for the diaper shortage. The publication belched up a wild Oct. 9 propaganda story with an insane headline: “America is facing a diaper crisis, and the anti-abortion movement is making it worse.” Yahoo! Finance senior editor Sandra Salathe made the arbitrary connection that diapers may be in shorter supply because crisis pregnancy centers focus on protecting life rather than encouraging abortion. Salathe wielded leftist pro-abortion group Equity Forward to lambaste pro-life groups like Heartbeat International...

The S&P 500 extended gains from the regular trading session on Tuesday. The Nasdaq outperformed, with technology shares climbing as Treasury yields paused after a recent run-up. The benchmark 10-year yield eased back from its highest level since November 2019. .... But an otherwise strong set of earnings results has helped underpin stocks in recent weeks, with the S&P 500 pacing toward a third straight weekly gain. Aggregate S&P 500 earnings per share (EPS) are currently exceeding consensus expectations by 6% so far for the latest quarter, according to Bank of America's update Tuesday. S&P 500 earnings are tracking toward...

Yahoo Finance's Anjalee Khemlani discusses how the CDC says the COVID-19 booster shots are effective against the Omicron variant.

Last week Albert Bourla, the CEO of Pfizer, gave an interview to Yahoo Finance and made some truly startling admissions. He said, among other things, that the two original Pfizer injections provide no protection against Covid-19. “We know that the two doses of the vaccine offer very limited protection, if any,” Bourla confessed. If, then, you have received the two shots you are not protected against infection or severe Covid or death. Neither are you less likely to transmit the disease to others than your unvaccinated neighbor or co-worker. To put it in a different way, the first two jabs...

Attention banks! Do not give a mortgage to Simon Galperin! A guy named Simon Galperin just wrote this article, which is titled, “I’m a 29-Year-Old With $235k in Student Debt. I’ll Never Pay It Back.”Galperin’s statement that he will never pay back his student debt is not because of a medical issue that has rendered him unable to work.Instead, his statement is proof that he is irresponsible, lazy, spoiled, and entitled.He also says he believes that innocent taxpayers should be forced to pay off his student debt, so that he can then get a mortgage to buy a house.If Galperin ever...

I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest. I would have to begin devoting half of my income to debt payment if I cared to pay it off by 2042. I can’t do that because I make just under $4,000 per month. And that income is a fairly new development in my life. Why would I choose to pay down my debt if it meant I wouldn’t be able to afford basic living expenses? My parents...

Democrats and Republicans are quick to talk up a bipartisan infrastructure deal. Yet neither party wants to take the political risk of paying for it when all options are toxic -- including the obvious choice of raising the national gas tax. Increasing the gas tax is so politically fraught that it hasn’t been touched in 26 years and it didn’t even come up at a meeting at the White House Tuesday between President Donald Trump, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer to discuss an infrastructure plan. While they agreed broadly on the need to upgrade roads,...

Somebody please tell Donald Trump: A trade deficit isn’t a loss. You could even argue it’s a gain. The Republican presidential frontrunner has been railing against “bad trade deals” since declaring his candidacy last summer. And he’s amplified the criticism, if that’s possible, in recent weeks. “If you look at China, and you look at Japan, and if you look at Mexico … they’re killing us,” he said during the latest Republican debate on Fox News. “With China we’re going to lose $505 billion in terms of trade …. Mexico, $58 billion. Japan, probably about… $109 billion.” Trump is talking...

Yahoo Finance is closely following the money pouring into the 2016 campaign, and we analyzed newly released data to see which companies are aligned with which candidates. (Our full methodology is at the end of this story.) Not surprisingly, Bush and Clinton are pulling down millions from deep corporate connections. But we found a few unexpected things as well. While it’s no secret that Jeb Bush is Wall Street's preferred candidate, for instance, Hillary Clinton more than makes up for that with thousands of donations from attorneys at powerful law firms. Many analysts consider ultraconservative Sen. Ted Cruz of Texas...

The Republican Party is currently trying to sort out an internal battle between its dwindling stock of moderates who are occasionally willing to work with Democrats, and its hard-right base, which views compromise with Democrats in general, and President Obama in particular, as heresy. But in a speech Monday, Rep. Steny Hoyer (D-MD), the second-ranking Democrat in the House showed that there are significant fissures in the Democratic Party as well. Hoyer, though nominally Minority Leader Nancy Pelosi’s second-in-command, is starkly different from Pelosi and many others on the party’s left wing when it comes to economic and fiscal issues....