• New Mexico economists slash revenue expectations

    State economists and budget officials brief lawmakers about declines in state revenue Monday, Dec. 5, 2016, in Santa Fe N.M. Seated from right to left, are: New Mexico Taxation and Revenue Secretary Demesia Padilla, Finance and Administration Secretary Duffy Rodriquez, Taxation and Revenue Department Chief Economist Elisa Walker-Moran and Legislative Finance Committee Chief Economist Jon Clark. (AP Photo/Morgan Lee)

    SANTA FE, N.M. (AP) — New Mexico expects to collect far less revenue this budget year and next than previously forecast as employment, wages and economic growth lag, a group of state economists said Monday.

  • Dow hits another record as banks and oil continue to climb

    This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. Asian shares tumbled Monday, Dec. 5, 2016, while Europe opened higher after Italian voters rejected constitutional changes, raising questions over whether the country will stay in the European Union and keep using the euro. (AP Photo/Mark Lennihan, File)

    NEW YORK (AP) — U.S. stocks resumed their climb Monday as investors bought stocks that stand to benefit from economic growth, like banks, as well as technology companies, which have been mostly left out of a post-election rally. The Dow Jones industrial set another record high.

  • The Latest: New Mexico slashes revenue expectations

    SANTA FE, N.M. (AP) — The Latest on New Mexico’s forecast for state finances (all times local):

  • Will Italy’s political drama spawn a new eurozone crisis?

    A torn anti-referendum poster shows Premier Matteo Renzi, in Rome, Monday, Dec. 5, 2016. Italian voters dealt Premier Renzi a resounding rebuke early Monday by rejecting his proposed constitutional reforms, plunging Europe's fourth-largest economy into political and economic uncertainty. (AP Photo/Gregorio Borgia)

    LONDON (AP) — Italy is facing political upheaval after Premier Matteo Renzi said he’s resigning after a crushing defeat in a nationwide referendum. Investors, though used to political drama in Rome, are trying to gauge the impact on the country’s economy and the wider eurozone.

  • The Latest: Pelosi calls Carson ‘disturbingly unqualified’

    Visitors to the lobby of Trump Tower wear "Make America Great Again" hats, Monday, Dec. 5, 2016, in New York. (AP Photo/Andrew Harnik)

    WASHINGTON (AP) — The Latest on President-elect Donald Trump (all times EST):

  • Can’t buy love? Drug price hikes put sex beyond reach

    This Tuesday, Nov. 29, 2016 photo shows a display of prescription medicines for impotence and sexual problems at a doctor's office in San Diego. For many couples, doctors say soaring prices for the prescriptions have made sex unaffordable. (AP Photo/Gregory Bull)

    TRENTON, N.J. (AP) — Imagine not being able to afford one of life’s great pleasures — sex.

  • Sleek casino with Bob Dylan art opening outside Washington

    The MGM lion is seen in front of the 23-story hotel during a preview tour of the MGM National Harbor, Friday, Dec. 2, 2016 in Oxon Hill, Md. The $1.4 billion National Harbor casino and resort, just outside the nation's capital, is scheduled to open this week. (AP Photo/Alex Brandon)

    OXON HILL, Md. (AP) — Far from the Las Vegas Strip, MGM Resorts International opens its $1.4 billion MGM National Harbor casino and resort just outside the nation’s capital this week, advertising a gambling floor “bigger than the White House” and an art collection that includes a large welded collage by Bob Dylan.

  • Trump taps former campaign rival Carson as housing secretary

    In this Aug. 25, 2016, file photo, former Republican presidential candidate Dr. Ben Carson speaks before Republican presidential candidate Donald Trump's arrival at a campaign rally in Manchester, N.H. President-elect Donald Trump chose Carson to become secretary of the Department of Housing and Urban Development. Trump's decision, announced early Monday, Dec. 5, by his transition office at Trump Tower in New York, comes as the real estate mogul continues a series of interviews, meetings with aides and other sessions aimed at forming his administration. (AP Photo/Gerald Herbert, File)

    NEW YORK (AP) — Donald Trump chose retired neurosurgeon Ben Carson on Monday to be secretary of the Department of Housing and Urban Development, raising fresh concerns about the lack of experience some of Trump’s Cabinet picks have with agencies they’re now being chosen to lead.

  • UK government’s Brexit plans in hands of Supreme Court

    Britain's Attorney General Jeremy Wright speaks at the Supreme Court in this image taken from video in London, Monday Dec. 5, 2016 . The Supreme Court began hearing a landmark case Monday about who has the power to trigger Britain's exit from the European Union the government or Parliament. (The Supreme Court via AP)

    LONDON (AP) — Britain’s Supreme Court began hearing a landmark case Monday that will decide who has the power to trigger the U.K.’s exit from the European Union — the government or Parliament.

  • Trump’s Taiwan call, tweets point to flashpoints with China

    In this combination of three 2016 file photos shows, Taiwan's President Tsai Ing-wen, left, speaking at a ceremony at the Gen. Andres Rodriguez school in Asuncion, Paraguay, on June 29, U.S. President-elect Donald Trump, center, talking with President Barack Obama at White House in Washington, U.S.A. on Nov. 10, and China's President Xi Jinping arriving at La Moneda presidential palace in Santiago, Chile, on Nov. 22. With Trump's latest tweets touching on sensitive issues, China must decide how to handle an incoming American president who relishes confrontation and whose online statements appear to foreshadow shifts in foreign policy. China awoke Monday, Dec. 5, to criticism from Trump on Twitter, days after it responded to his telephone conversation with Taiwan's president by accusing the Taiwanese of playing a "little trick" on Trump. (AP Photo/Jorge Saenz, Pablo Martinez Monsivais, Luis Hidalgo, Files)

    BEIJING (AP) — Donald Trump’s unprecedented phone conversation with Taiwan’s president and tweets criticizing China point to the possibility of major friction between the world’s two largest economies.