AP National Business

BEIJING (AP) — The Chinese government says experts are still investigating the cause of the crash of a China Eastern Airlines jetliner last year that killed 132 people. The March 21, 2022, disaster was a rare failure for a Chinese airline industry that dramatically improved safety following deadly crashes in the 1990s. The Boeing 737-800

BUFFALO, N.Y. — Athenex: Q4 Earnings Snapshot

By LIZ WESTON of NerdWallet The homes that helped many people build wealth can become a burden in retirement. It’s not just the big maintenance and repair bills. Few homes are set up to support aging in place, and remodeling them to be safer can be expensive. Selling the house could help you tap equity

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand’s Foreign Minister will visit her counterpart in Beijing this week in the first such trip in four years. But the visit comes at an awkward time. Chinese President Xi Jinping is visiting Moscow this week, giving a diplomatic boost to Russian President Vladimir

By KELVIN CHAN Associated Press LONDON (AP) — Credit Suisse shares have plunged after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained Monday as investors watch whether moves to shore up banks will stem further

The Federal Reserve will close a two-day meeting on Wednesday with its latest decision on whether to keep raising interest rates in an effort to tame inflation, and by how much. The National Association of Realtors releases its report on sales of previously occupied homes on Tuesday. Nike reports its latest financial results on Tuesday.

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices declined. Wall Street’s benchmark S&P

By DAVID KLEPPER and MANUEL VALDES Associated Press SEATTLE (AP) — Shawn Lee, a high school social studies teacher in Seattle, wants to see lessons on the internet akin to a kind of 21st century driver’s education, an essential for modern life. Lee has tried to bring that kind of education into his classroom, with

By KEN SWEET AP Business Writer NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of

By JAMEY KEATEN and KEN SWEET Associated Press GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system. Swiss authorities pushed for UBS to take over its smaller rival after

By IGNATIUS SSUUNA and JILL LAWLESS Associated Press KIGALI, Rwanda (AP) — Britain’s government says it could start deporting asylum-seekers to Rwanda in the next few months if U.K. courts rule that the controversial policy is legal. The Home Office said Sunday that it was aiming to start flights “before the summer.” The news came

By JEAN-FERNAND KOENA and KRISTA LARSON Associated Press BANGUI, Central African Republic (AP) — A local official in Central African Republic says nine Chinese nationals have been killed in attack at a gold mining site. The ambush on Sunday took place near the town of Bambari at the Chimbolo mine. The mayor of nearby Bambari

ASTANA, Kazakhstan (AP) — Voters in Kazakhstan have gone to the polls to choose lawmakers in the lower house of parliament which is being reconfigured in the wake of deadly unrest that gripped the resource-rich Central Asian nation a year ago. The electoral field was unusually large with two newly registered parties and hundreds of

HELSINKI (AP) — The Finnish president says he doesn’t think Sweden will end up in a vulnerable security situation although neighboring Finland is likely to join NATO first. Both Nordic membership candidates are currently negotiating bilateral military pacts with the United States. Finnish President Sauli Niinistö said in an interview with Swedish public broadcaster SVT

By FRANK JORDANS Associated Press BERLIN (AP) — Governments gave their blessing on Sunday to a major new U.N. report on climate change, after approval was held up by a battle between rich and developing countries over emissions targets and financial aid to vulnerable nations. The report by hundreds of the world’s top scientists was

By JILL LAWLESS Associated Press LONDON (AP) — The race to lead the Scottish National Party has cracked open fissures over political strategy, social issues and the legacy of departing leader Nicola Sturgeon. Sturgeon announced her resignation in February after eight years as party leader and first minster of Scotland’s semi-autonomous government. Three members of

By MICHAEL R. BLOOD Associated Press DOWNEY, Calif. (AP) — The state of California and a generic drug manufacturer have entered a 10-year partnership to produce affordable, state-branded insulin that they hope will rival longtime producers and push down prices. Democratic Gov. Gavin Newsom says the intent is to disrupt the insulin marketplace, where prices

GLENDALE, Ariz. (AP) — Taylor Swift opened her U.S. concert series with a three-hour tour of her career. Swift kicked off the first concert of the 52-date Eras Tour with a six-song set from her album “Lover” on Friday night at State Farm Stadium in Glendale, Arizona, where the Super Bowl was played a month

FAYETTEVILLE, Ark. (AP) — A federal judge has refused to dismiss a lawsuit that says detainees at an Arkansas jail were given the drug ivermectin to fight COVID-19 without their knowledge. The lawsuit contends detainees at the Washington County Jail in Fayetteville were given ivermectin as early as November 2020 but were unaware until July

By KEN MILLER Associated Press A federal judge is giving Oklahoma and nearly a dozen poultry companies, including the world’s largest poultry producer, Tyson Foods, an additional 90 days to reach an agreement on plans to clean a watershed polluted by chicken litter. U.S. District Judge Gregory Frizzell on Friday scheduled a June 16 status

By KARL RITTER Associated Press KYIV, Ukraine (AP) — An unprecedented wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices are pushing more people into poverty was extended just before its expiration date, officials said Saturday.

By KEVIN FREKING Associated Press WASHINGTON (AP) — Bills were filed, hearings were planned and blame was cast as Congress reacted this past week to the abrupt failure of two banks. A look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank. QUICK

By THOMAS ADAMSON and NICOLAS GARRIGA Associated Press PARIS (AP) — A smattering of protests against President Emmanuel Macron’s plan to raise France’s retirement age have taken place in Paris and beyond. Largely non-violent protests were held in various French cities as uncollected garbage piled up amid a strike by sanitation workers. In Marseille, protesters

By SYLVIA HUI Associated Press LONDON (AP) — Security guards at London’s Heathrow Airport will walk off their jobs for 10 days over the Easter break, the latest in a wave of strike action to affect the U.K. The union Unite said Friday more than 1,400 security guards employed by Heathrow Airport, one of Europe’s

By MICHAEL PHILLIS and AMANCAI BIRABEN Associated Press Minnesota regulators knew four months ago that radioactive waste had leaked from a nuclear power plant in Monticello — but they didn’t announce anything about the leak until this week. The delay in notifying the public about the November leak raised questions about public safety and transparency,

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — New Mexico’s governor has signed legislation that calls for banning the storage of spent nuclear fuel in New Mexico, unless the state provides its consent first. Democratic Gov. Michelle Lujan Grisham signed the bill late Friday after it cleared its final legislative hurdle following a

By JILL COLVIN Associated Press NEW YORK (AP) — Former President Donald Trump has returned to Facebook after a more than two-year ban. “I’M BACK!” Trump posted on the site weeks after his personal account was reactivated. He also shared an old video clip in which he said: “Sorry to keep you waiting. Complicated business.”

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: FedEx Corp., up $16.26 to $220.31. The package delivery company handily beat Wall Street’s fiscal third-quarter profit forecasts. Ballard Power Systems Inc. down 15 cents to $4.97. The fuel cell technology company’s fourth-quarter revenue fell short of analysts’ forecasts. Ford Motor

By MATT OTT AP Business Writer Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days. So why is Bitcoin, considered among the riskiest bets of them all, rising so fast? Just a few months after it seemed the entire

RALEIGH, N.C. (AP) — A North Carolina teenager is in good condition after sustaining life-threatening injuries when he was struck by a Tesla. Tillman Mitchell had just exited a school bus and was walking across the street to his house when he was hit by a 2022 Tesla Model Y, according to the State Highway

By ZEKE MILLER and FATIMA HUSSEIN Associated Press WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. Biden wants the Federal Deposit Insurance Corporation

By STAN CHOE AP Business Writer NEW YORK (AP) — Suddenly, bonds are again living up to their reputation as the safe part of an investor’s portfolio. As stocks sank worldwide over the last week on worries about the banking system, bonds shot up in price. That offered some protection to any investor with a

By MIKE SCHNEIDER Associated Press Farmworkers are leading a five-day, 45-mile trek on foot this week from one of the poorest communities in Florida to a mansion-lined, oceanfront town that is one of the richest. The farmworkers say they are marching to highlight the Fair Food Program, which has enlisted companies like McDonald’s and Whole

By MATTHEW DALY Associated Press WASHINGTON (AP) — In early March, President Joe Biden met with members of Alaska’s bipartisan congressional delegation as they implored him to approve a contentious oil drilling project in their state. Around the same time, Interior Secretary Deb Haaland held a very different meeting on the same topic. Gathering at

By JAMEY KEATEN and PAUL WISEMAN Associated Press GENEVA (AP) — Longtime troubles at Credit Suisse have come to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe. But the problems have been building for years at Switzerland’s second-largest bank, ranging from

By BASSEM MROUE Associated Press BEIRUT (AP) — Lebanese judicial officials say that a European legal team has wrapped up two days of questioning of the country’s Central Bank chief in a money-laundering probe linked to the governor. Several European countries are investigating Gov. Riad Salameh, who in recent years has been charged with a

BERLIN (AP) — German officials say the country’s education and research minister is making an official trip to Taiwan next week. It will be the highest-level visit by a German official since 1997 to the island that China claims as part of its territory. The March 20-22 visit comes amid growing tensions between China and

By CIARÁN GILES Associated Press MADRID (AP) — Spain has entered a period of a long-term drought, owing to high temperatures and low rainfall over the past three years, and likely faces another year of heatwaves and forest fires. The country’s weather agency Aemet said Friday that statistics showed Spain entered into a long drought

ATHENS, Greece — Dynagas: Q4 Earnings Snapshot

BURNABY, British Columbia — Ballard: Q4 Earnings Snapshot

BERLIN (AP) — German authorities say police have detained 42 people as part of a crackdown on gangs suspected of blowing up cash machines. Incidents in which thieves blow up ATMs and then make off with the cash, usually during the night, have become increasingly common in Germany in recent years. According to the Interior

By KEN SWEET and FATIMA HUSSEIN Associated Press In a scene reminiscent of the last financial crisis, the federal government turned to Wall Street this week for help with a blossoming emergency in the banking sector. The anxiety centered on First Republic Bank in San Francisco, which was reeling after customers withdrew billions of dollars.

BEIJING (AP) — The Chinese government says the Beijing office of Deloitte Touche Tohmatsu was fined $30.8 million for failing to adequately audit a state-owned asset management company. The office also was ordered to suspend operations for three months for mishandling audit and other work at China Huarong Asset Management Co. in 2014-19. Huarong is

DETROIT (AP) — Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break. The largest of two recalls covers nearly 1.3 million 2013 through 2018 Ford Fusion and Lincoln MKZ midsize cars. The company said in documents posted Friday

SAN DIEGO — Gossamer Bio: Q4 Earnings Snapshot

COPENHAGEN, Denmark (AP) — Prince Joachim of Denmark is moving to the United States to take up the post of defense industry attache at the Danish embassy in Washington starting in September. The Danish defense ministry made the announcement Friday. The 53-year-old prince said in a statement that he’s proud of the opportunity to represent

ATHENS, Greece (AP) — Greece has announced an increase in the minimum wage that will restore pay to levels existing before sweeping cuts were imposed more than a decade ago during an international bailout. Prime Minister Kyriakos Mitsotakis, who faces elections in the spring, said Friday the gross minimum monthly salary will go up on

NANJING, China — Tuniu: Q4 Earnings Snapshot

By SYLVIE CORBET and BARBARA SURK Associated Press PARIS (AP) — Angry protesters took to the streets in Paris and other cities for a second day on Friday, trying to pressure lawmakers to bring down French President Emmanuel Macron’s government and doom the unpopular retirement age increase he’s trying to impose without a vote in

TERRE HAUTE, Ind. — Hallador Energy: Q4 Earnings Snapshot

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese Prime Minister Fumio Kishida says hats off to South Korean President Yoon Suk Yeol for “making a difficult decision and action” by overcoming the troubled history between the two countries, pledging to work with him toward better future relations. Yoon has urged closer cooperation with

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks fell Friday to end a whipsaw week on Wall Street amid rising fear among investors that turmoil in the banking industry could drag the economy into a recession. The S&P 500 sank 1.1%, cutting into its gain for the week. The Dow Jones Industrial

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand lawmakers and other workers inside the nation’s Parliament will be banned from having the TikTok app on their government phones. The ban announced Friday follows similar moves in many other countries. However, New Zealand’s ban will apply only to about 500 people in

CANBERRA, Australia (AP) — Australia said it’s planning to buy up to 220 Tomahawk cruise missiles from the United States after the U.S. State Department approved the sale Friday. The deal comes days after Australia announced it would buy nuclear-powered attack submarines from the U.S. to modernize its fleet amid growing concern about China’s influence

NEW YORK — Revlon: Q4 Earnings Snapshot

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — The Biden administration’s approval this week of the largest new oil project in years on Alaska’s petroleum-rich North Slope has immediately been met by lawsuits seeking to stop the Willow project. Lawsuits filed by environmental groups and an Alaska Native organization seek to overturn Monday’s approval

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserves says cash-short banks have borrowed about $300 billion in emergency funding from the central bank in the past week. Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon

SAN FRANCISCO — Blend Labs: Q4 Earnings Snapshot

FOSTER CITY, Calif. — Geron: Q4 Earnings Snapshot

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Adobe Inc., up $19.68 to $353.29. The software maker’s fiscal first-quarter earnings beat Wall Street forecasts. Five Below Inc., down $2.84 to $195.33. The discount retailer gave investors a disappointing profit and revenue forecast for the year. First Republic Bank, up

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Pfizer’s COVID-19 pill Paxlovid won another vote of confidence from U.S. health advisers Thursday, clearing the way for its full regulatory approval by the Food and Drug Administration. The medication has been used by millions of Americans since the FDA granted it emergency use authorization in

SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Traeger Inc. (COOK) on Thursday reported a loss of $28.9 million in its fourth quarter. The Salt Lake City-based company said it had a loss of 24 cents per share. Losses, adjusted for one-time gains and costs, came to 7 cents per share. The results

LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Thursday reported a loss of $70.1 million in its fourth quarter. On a per-share basis, the Lehi, Utah-based company said it had a loss of 77 cents. Losses, adjusted for non-recurring costs, were 10 cents per share. The results did not meet

MEMPHIS, Tenn. — FedEx: Fiscal Q3 Earnings Snapshot

The Associated Press Stocks rallied after a group of big banks offered a lifeline to the bank Wall Street had zeroed in on in its hunt for the next victim in the industry’s struggles.. The S&P 500 jumped 1.8% Thursday, erasing earlier losses following reports that First Republic Bank could get help or sell itself

By HALELUYA HADERO Associated Press NEW YORK (AP) — Microsoft is infusing artificial intelligence tools into its suite of office software, including Word, Excel and Outlook emails. The company said Thursday the new feature, named Copilot, is a processing engine that will allow users to do things like summarize long emails, draft stories in Word

By The Associated Press Federal investigators say an air traffic controller cleared a plane to take off from Sarasota, Florida, while an American Airlines jet was making its final approach to the same runway last month, leading the American pilots to abandon their landing. The National Transportation Safety Board said Thursday that the American and

NICOSIA, Cyprus (AP) — Cyprus’ interior minister says authorities will spend more than 100 million euros ($106 million) to repair dozens of dilapidated high-rise housing units built decades ago for refugees from the island’s 1974 Turkish invasion. He said Thursday the plan foresees immediate repairs or complete reconstruction of 43 buildings deemed to be most

By HALELUYA HADERO Associated Press TikTok is once again fending off claims that its Chinese parent company, ByteDance, would share user data from its popular video-sharing app with the Chinese government, or push propaganda and misinformation on its behalf. China’s Foreign Ministry on Wednesday accused the United States itself of spreading disinformation about TikTok’s potential

By JEFFREY COLLINS Associated Press COLUMBIA, S.C. (AP) — South Carolina lawmakers have launched an effort to sack the comptroller general for a $3.5 billion accounting error that could affect the state’s credit rating. A resolution introduced Thursday asks for a two-thirds vote from the House and the Senate to trigger a state constitutional provision

By KEN SWEET AP Business Writer NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. San Francisco-based First Republic

By JOHN HANNA AP Political Writer TOPEKA, Kan. (AP) — Republican lawmakers pushing to prevent Kansas from investing its funds using socially and environmentally conscious principles disagree about also imposing rules for investment managers handling private funds, complicating their efforts to thwart what they see as “woke” investing. Committees in the Kansas House and Senate

By AMY TAXIN Associated Press As river water gushed through a broken levee, thousands of people in a California farming town were forced to evacuate as their homes were flooded and businesses destroyed. Yet another potential casualty of the powerful rainstorms that drenched coastal California: hundreds of acres of fresh strawberries slated for America’s supermarket

PARIS (AP) — French President Emmanuel Macron has chosen to shun parliament and impose his unpopular pension reforms via a special constitutional power, the so-called “Article 49.3.” The procedure has been regularly used in the past by different governments. But this time it’s drawing a lot of attention and prompting much criticism because of the

By BRIAN MELLEY Associated Press LONDON (AP) — Leaders of unions representing hundreds of thousands of nurses, ambulance crews and other health care workers in England have reached a deal to resolve months of disruptive strikes for higher wages. The deal negotiated by government officials and union leaders would give workers a lump sum payment

By The Associated Press DUBAI, United Arab Emirates (AP) — Iran’s bazaars are packed ahead of the Persian New Year next week. But there’s little holiday cheer as customers survey the soaring prices of meat and holiday treats, wondering if they can afford either. Others are there to sell goods on the sidewalks, forced into

By MATT OTT AP Business Writer The average long-term U.S. mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market’s all-important spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen offered firm, upbeat reassurances to rattled bank depositors and investors Thursday, even as American financial institutions and European agencies ordered fresh rescue efforts following the second-largest bank collapse in U.S. history. Questioned closely, sometimes aggressively, Yellen told senators at a Capitol hearing that

By MARI YAMAGUCHI Associated Press Japan, Britain and Italy have reaffirmed their commitment to push joint development of a next-generation fighter jet as a centerpiece of their increasingly close defense ties in the face of growing threat from China, Russia and North Korea. The nations agreed in December to merge the plans they individually had

SHENZHEN, China — Fangdd: Q4 Earnings Snapshot