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US to control land sales to foreigners near 8 military bases

WASHINGTON — Foreign citizens and companies would need U.S. government approval to buy property within 100 miles of eight military bases, under a proposed rule change that follows a Chinese firm’s attempt to build a plant near an Air Force base in North Dakota. The Treasury Department’s Office of Investment Security is set to propose the rule on Friday. The rule would give expanded powers to the Committee on Foreign Investment in the United States, which screens business deals between U.S. firms and foreign investors and can block sales or force the parties to change the terms of ...

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CDC’s Rochelle Walensky resigns, citing pandemic transition NEW YORK (AP) — Dr. Rochelle Walensky, the head of the Centers for Disease Control and Prevention, submitted her resignation Friday, saying the waning of the COVID-19 pandemic was a good time to make a transition. Walensky’s last day will be June 30, CDC officials said, and an interim director wasn’t immediately named. She sent a resignation letter to President Joe Biden and announced the decision at a CDC staff meeting. Walensky, 54, has been the agency’s director for a little over two years, and the ...

April hiring gains reflect a still-resilient US job market

WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. The jobless rate fell in part, though, because 43,000 people left the labor force, the first drop since November, and were no longer counted as unemployed. In its report Friday, the government noted that while hiring was solid in April, it ...

Apple-juiced rally closes bruising week on Wall St.

NEW YORK — Apple was at the head of a widespread rally on Wall Street Friday after the market’s most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from a brutal week. The S&P 500 jumped 1.8%, though it still turned in a modest loss for the week that was its worst in nearly two months. The Dow Jones Industrial Average climbed 546 points, or 1.7%, while the Nasdaq composite rallied 2.2%. Treasury yields jumped in the bond market after a report showed hiring accelerated across the ...

International

More than 100 killed in Congo flooding KINSHASA, Congo (AP) — More than 100 people were killed in flooding and landslides brought on by torrential overnight rains in eastern Congo’s South Kivu province, a local official said Friday. Thomas Bakenge, a regional government official gave the estimate after overseeing recovery efforts in the affected territory of Kalehe, calling the scale of destruction “enormous, beyond words ... whole houses were carried away.” He said bodies were still being collected from the shores of the nearby Lake Kivu. Nigerian senator, wife jailed in UK ...

National

It’s Cornell for New Orleans student with $10M in offers NEW ORLEANS (AP) — A 16-year-old high school senior in New Orleans who received scholarship offers from 149 colleges and universities totaling $10 million said Friday that he has chosen to attend Cornell University. Dennis “Maliq” Barnes will graduate on May 24 from the International High School of New Orleans, where he earned a 4.98 grade point average. He also has 27 college credits through a dual enrollment program with Southern University of New Orleans. Michigan’s Upper Peninsula gets 2 feet of snow, a May ...