AP National Business

By TALI ARBEL AP Technology Writer Stephen Wilhite, the inventor of the internet-popular short-video format, the GIF, has died. He was 74. His wife, Kathaleen, said Thursday in a phone interview that he died of COVID on March 14. Wilhite, who lived in Milford, Ohio, won a Webby lifetime achievement award in 2013 for inventing

By DAMIAN J. TROISE AP Business Writer Companies in the S&P 500 bought a record amount of their own stock last year and don’t show any signs of slowing down. Flush with cash from solid earnings, major corporations repurchased $882 billion of stock in 2021. Goldman Sachs is forecasting stock buybacks to reach $1 trillion

By MICHELLE CHAPMAN AP Business Writer Uber, hit by driver shortages and a surge in food delivery requests during the pandemic, will begin including New York City taxi cabs on its app. That’s a partnership that until recently would have been unthinkable with both camps fighting ferociously for the same customers. But the wait for

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration meets next week to review a closely watched drug for ALS, or Lou Gehrig’s disease, following months of lobbying by patient groups and congressional lawmakers. The drug from Amylyx Pharmaceuticals showed modest benefits in one small study and the FDA told

By ALICIA RANCILIO Associated Press NEW YORK (AP) — In the month since Russia’s war with Ukraine began, entrepreneur Bethenny Frankel’s initiative BStrong, in partnership with Global Empowerment Mission, have raised $85 million of a $100 million goal for the Ukranian people. She’s secured three warehouses for aid, is helping refugees with travel and to

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped again this week as the 30-year loan rate climbed to its highest level since January of 2019. The increase comes after the Federal last week increased the key rate _ which it had kept near zero since the pandemic recession

TALLINN, Estonia (AP) — Swedish lender Swedbank says it’s been informed by Estonian authorities that its local subsidiary is suspected of money laundering in the Baltic country from 2014-2016. The Stockholm-based bank said in a statement Thursday that “the criminal investigation originates from the work of the Estonian Financial Supervisory Authority” that investigated operations of

By THOMAS ADAMSON and KELVIN CHAN Associated Press PARIS (AP) — French automaker Renault has moved to pause production at its Moscow plant in an apparent move to fend off mounting criticism. It came hours after Ukrainian President Volodymyr Zelenskyy accused the company and others in France of aiding Russia’s war effort during a virtual

By LORNE COOK Associated Press BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg will remain in his role for an extra year to help steer the 30-nation military organization through the security crisis sparked by Russia’s war on Ukraine. Stoltenberg tweeted Thursday that he is “honored” by the decision of NATO leaders to extend his term

BERLIN (AP) — The German government has announced a package of measures to help cushion the blow of high energy prices to consumers, with fuel subsidies, discounted public transport, tax benefits and additional support for the poorest. Senior lawmakers unveiled the measures Thursday after lengthy haggling between the three parties that make up the governing

By DANICA KIRKA Associated Press LONDON (AP) — The head of a ferry operator at the center of a bitter labor dispute stunned U.K. lawmakers when he acknowledged that the company chose to ignore the law and labor contracts when it fired 786 workers without consulting with them in advance. P&O Ferries Chief Executive Peter

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — Governors and state lawmakers throughout the U.S. are floating proposals to send checks to help residents cope with soaring inflation at a time when state budgets are bursting with cash. The relief ideas come at a time when many states actually have too much money on

By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic. Jobless claims fell by 28,000 to 187,000 for

By DANICA KIRKA Associated Press LONDON (AP) — Prince William has expressed his “profound sorrow” for slavery during a visit to Jamaica. But he stopped short of offering the apology demanded by protesters who are also seeking reparations for Britain’s role in the slave trade. William is second in line to the throne and made

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — RCB Bank in Cyprus says an “extremely volatile geopolitical situation” has prompted it to wind down operations and turn itself into an asset management company. Thursday’s announcement comes exactly a month after the start of Russia’s invasion of Ukraine. At that time, the bank announced that

COPENHAGEN, Denmark (AP) — Norway’s central bank has raised its key policy interest rate from 0.5% to 0.75% , saying the war in Ukraine has led to heightened uncertainty.” Norges Bank said Thursday it was concerned the war could result in weaker-than-expected global growth amid rising inflation.” The bank also cited “the risk of accelerating

WARSAW, Poland (AP) — Poland’s health minister says the government is abolishing practically all of its COVID-19 restrictions next week. The minister said Thursday that people will no longer be required to wear masks in indoor public spaces starting Monday. The only exception will be in medical facilities. He said other measures being abolished include

By ROSALIE MURPHY of NerdWallet Large retailers like Target, Macy’s and Ikea now offer “buy now, pay later” when customers check out. This payment method is spreading to local businesses, too. Experts say buy now, pay later is especially valuable for artisanal brands seeking to start lifelong relationships with millennial and Gen Z customers. If

By SUZAN FRASER and AYSE WIETING Associated Press BELEK, Turkey (AP) — Countries from Turkey to Thailand, Egypt and Cuba are bracing for the loss of Russian and Ukrainian tourists just as their travel sectors were looking to bounce back from the coronavirus pandemic. With many tourist-dependent economies also struggling with surging inflation and other

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The scandal at a top Japanese brokerage has widened with the arrest by Tokyo prosecutors of the vice president of SMBC Nikko Securities on charges of stock manipulation. Toshihiro Sato’s arrest on charges of violating securities regulations followed the arrests earlier this month of four other

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets have fallen after Western governments promised new sanctions on Russia. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices were little-changed but stayed above $110 per barrel. Wall Street’s benchmark S&P 500 index rose 1.4% after the number of Americans applying for unemployment

The Associated Press NEW YORK (AP) — The Russian stock market has opened for limited trading under heavy restrictions for the first time since Moscow invaded Ukraine. It comes almost a month after prices plunged and the market was shut down as a way to insulate the economy. Trading of a limited number of stocks,

By MARIA CHENG and ANIRUDDHA GHOSAL Associated Press NEW DELHI (AP) — The company behind a COVID-19 vaccine touted as a key tool for the developing world will miss a target for giving doses to the U.N.-backed effort to deliver shots to poorer countries. COVAX planned to make available 250 million doses from Novavax by

By GENE JOHNSON Associated Press Marijuana regulators around the country face a vexing question: What place does chemically derived THC have in regulated adult-use or medical markets? THC is marijuana’s most prominent high-inducing component, but it can be chemically created from CBD, another cannabis compound that is extracted from hemp plants. It’s much cheaper to

By MIKE SCHNEIDER Associated Press In the first full year of the pandemic, the New York, Los Angeles, San Francisco and Chicago metro areas had the greatest population losses in the nation. U.S. Census Bureau data released Thursday shows Sunbelt metros like Dallas, Phoenix and Houston had the biggest gains. The exodus from the biggest

By ANUPAM NATH and ANIRUDDHA GHOSAL Associated Press NAGAON, India (AP) — India’s renewable energy push will be far from easy. Prime Minister Narendra Modi promised to increase non-fossil fuel capacity to 500 gigawatts by 2030, but the promise is complicated by challenges such as tangled land ownership rules dating to India’s colonial past to

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Shareholders of embattled Japanese electronics and energy giant Toshiba Corp. have rejected a major restructuring plan. The plan proposed by management last month called for splitting Tokyo-based Toshiba into two companies, one focused on infrastructure and the other on devices. The latter would have been spun

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — A prosecutor who had led a criminal investigation into Donald Trump before quitting last month said in his resignation letter that he believes the former president is “guilty of numerous felony violations.” In the letter published Wednesday by The New York Times, Mark Pomerantz said

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — Californians who own cars could get up to $800 from the state to help offset record high gas prices. Gov. Gavin Newsom announced the proposal on Wednesday. His plan calls for registered owners to get $400 per vehicle, capped at two cars. That includes people who

By DAVID KOENIG AP Airlines Writer FORT WORTH, Texas (AP) — A jury in Texas has found a former Boeing test pilot not guilty of deceiving federal regulators about a key flight-control system on the Boeing 737 Max jetliner. The jury acquitted Mark Forkner on Wednesday on four counts of wire fraud. Justice Department prosecutors

By MICHELLE L. PRICE Associated Press NEW YORK (AP) — New York city’s mayor will announce Thursday that he’s exempting athletes and performers from the city’s vaccine mandate for private workers. The move will allow Brooklyn Nets star Kyrie Irving to play home games, and let unvaccinated baseball players take the field when their season

RAPID CITY, S.D. (AP) — Hundreds of demonstrators gathered outside a federal courthouse in a South Dakota city to cheer the filing of a federal lawsuit over a hotel owner’s pledge to ban Native Americans from the property. The protesters held a rally and prayer meeting in a Rapid City park Wednesday then walked the

By STEVE KARNOWSKI, OLGA R. RODRIGUEZ and HEATHER HOLLINGSWORTH Associated Press Thousands of teachers and other school workers have walked out in Sacramento. The California capital is the second major U.S. school district this month to see a work stoppage over pay and staffing shortages. In Minneapolis, teachers are in their third week of a

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — BNSF’s two largest unions will ask an arbitrator to throw out the railroad’s strict new attendance policy instead of appealing a court order preventing them from striking. The unions say the policy pressures employees to show up when they are sick or fatigued. The unions

The Associated Press NEW YORK (AP) — Russia plans to reopen its stock market for limited trading on Thursday, nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. There will be heavy restrictions on trading intended to prevent the kind of massive selloff that took place on

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Home Depot says a worksheet about privilege that went viral is an unauthorized document from the home improvement company’s Canada division. The worksheet was posted by an anonymous Twitter account with the handle “Libs of TikTok.” It has nearly 600,000 followers and focuses on ridiculing

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Adobe, Worthington fall; General Mills, Cintas rise.

The Associated Press Stocks closed lower on Wall Street Wednesday, giving back nearly all of the gains they made a day earlier, as crude oil prices rose sharply again. Technology, health care and financial stocks were among the biggest losers. Retailers and communications companies also lost ground. Energy stocks rose along with crude oil prices.

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs’ property failed to receive an infusion of money in the Ukraine aid package. This appears to be because of broader reluctance by Republicans to put more money into IRS enforcement actions. Republicans close to the

The Associated Press Closing prices for crude oil, gold and other commodities, and foreign exchange levels.

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Mistakenly taking less than $100 worth of bets on college basketball games that are not allowed to be wagered on in New Jersey has cost BetMGM $25,000. The same law that’s preventing fans of Jersey City-based Saint Peter’s University in Friday’s Sweet 16 game also

By JOHN SEEWER Associated Press Attorneys representing investors in utility giant FirstEnergy Corp. say the company’s former chief executive and a top official were behind the payments in an alleged $60 million corruption scheme. The two attorneys revealed the names in new court documents Wednesday under order from a federal judge. They said former FirstEnergy

By JENNIFER McDERMOTT Associated Press Rhode Island leaders want offshore wind to supply more of the state’s power. They say that will cement Rhode Island’s position as a hub for the industry, reduce greenhouse gas emissions and set an example for other states looking to stave off the worst effects of a warming planet. The

By THOMAS PEIPERT and JAMES ANDERSON Associated Press DENVER (AP) — The Outdoor Retailer trade show has announced it is moving from Denver back to Salt Lake City next year despite threats of a boycott from big-name recreation companies and an environmental group. The biannual show moved to Denver in 2018 after Utah lawmakers asked

By ADRIAN SAINZ Associated Press MEMPHIS, Tenn. (AP) — Officials say the state of Tennessee could scale back its financial oversight of a majority-Black town near the site of a planned Ford truck plant if it meets certain goals by this summer. Tennessee Comptroller Jason Mumpower said last week that his office was taking over

By GLENN GAMBOA AP Business Writer Billionaire philanthropist MacKenzie Scott revealed that she has donated nearly $4 billion to 465 nonprofits in a new blog post Wednesday, confirming the gifts that the groups have been announcing on their own for months. The announcement brings Scott’s publicly disclosed donations to more than $12 billion since 2019,

By STEFANIE DAZIO and CHRISTOPHER WEBER Associated Press LOS ANGELES (AP) — Los Angeles police are warning people that wearing expensive jewelry in public could make them a target for thieves — a note of caution as robberies are up citywide. The police department’s suggestion Tuesday came as robbers smashed the front window of a

By BRIAN SLODYSKO Associated Press WASHINGTON (AP) — An Associated Press review finds that state and local governments have spent nearly $1 billion worth of federal coronavirus aid on projects that have little to do with combating the pandemic. The spending runs the gamut. In Broward County, Florida, $140 million will help to build an

DETROIT (AP) — A joint venture between Stellantis and South Korea’s LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people. The venture plans to spend $4.1 billion ($5 billion Canadian) to build the new plant on a field in the Canadian city just across a

The Associated Press MOSCOW (AP) — President Vladimir Putin announced that Russia will demand “unfriendly” countries pay for Russian natural gas exports only in rubles from now on. Putin told a meeting with government officials Wednesday that “a number of Western countries made illegitimate decisions on the so-called freezing of the Russian assets, effectively drawing

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union is looking to the United States to help reduce its reliance on Russian energy and will be discussing major shipments of liquefied natural gas over the next two years during a meeting with President Joe Biden on Thursday. EU Commission President Ursula von der

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. Powell, speaking on a panel organized by the Bank for International Settlements, a

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union’s executive arm has proposed a 500 million-euro aid package to help food producers in the 27-nation bloc weather the economic impact of the war in Ukraine. With Russia and Ukraine providing about 30% of the world’s wheat, the war has led to higher food

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Ukrainian President Volodymyr Zelenskyy, in a virtual address to Japan’s parliament, has called on the lawmakers to keep up sanctions against Russia over its invasion of Ukraine to pressure Moscow into seeking peace. Zelenskyy praised Japan during Wednesday’s address for becoming the first Asian country to sanction

BANGKOK (AP) — Thailand’s securities regulator says it is barring the use of cryptocurrencies for payment of goods and services. The ruling effective April 1 does not ban investment in cryptocurrencies, which has become increasingly popular in the past year after being promoted by local exchanges. The Securities and Exchange Commission said Wednesday it’s taking

By KELVIN CHAN and ARITZ PARRA Associated Press MADRID (AP) — European governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s invasion of Ukraine. But for some truckers, fishermen and others whose livelihoods hinge on fuel, the

By ROB HARRIS AP Global Soccer Writer LONDON (AP) — The owners of the Chicago Cubs, who are bidding for Premier League club Chelsea, touted their anti-racism credentials after a backlash in England about offensive comments by the father of the baseball team’s chairman. It has been three years since family patriarch Joe Ricketts apologized

By HERNÁN MUÑOZ Associated Press GUISSONA, Spain (AP) — Ukrainian refugees fleeing bombs and bullets at home are fanning out across Western Europe. Few places they arrive feel as welcoming as a Spanish town known for years as “Little Ukraine.” One in seven residents of Guissona was originally from there even before Russian tanks rolled

By HAL M. BUNDRICK of NerdWallet Receiving a financial windfall is exciting. Your emotions soar with the possibilities: a new car, a vacation, or perhaps paying off debt. It’s your money personality that drives your response to sudden cash. Knowing how you have handled money in the past can guide your plans for a windfall.

By ALEX NISHIMOTO Edmunds We’re living in a golden age of off-road pickup trucks that you can buy straight from the factory, and the Ford F-150 Raptor and Ram 1500 TRX are the most high-profile examples. They’re similar in many respects and offer full-size truck utility combined with exceptional high-speed desert-running performance. But there are

By JOSH BOAK Associated Press Vice President Kamala Harris has announced a plan that’s intended to end racial and ethnic discrimination in the appraisal of home values. The plan is part of a broader federal effort to address a wealth gap that systemic inequality has perpetuated. Among the 21 steps in the plan is a

By RAF CASERT Associated Press BRUSSELS (AP) — Western allies have already clinched the most important part of what all will be looking for in three summits on Thursday held in Europe’s diplomatic capital. U.S. President Biden will exemplify the sense of unity in the face of Russia’s war in Ukraine when the leaders of

By DANICA KIRKA Associated Press LONDON (AP) — Britain’s Treasury chief has announced a package of tax cuts and support payments that fell far short of what consumer advocates had demanded to shield working families from the soaring cost of living. That’s triggered criticism that Rishi Sunak doesn’t understand the scale of the crisis. He

By DANICA KIRKA Associated Press LONDON (AP) — The British government says a Dubai government-owned ferry operator at the center of a bitter U.K. labor dispute likely broke the law when it fired 786 crew members without notice to replace them with cheaper contract staff. Prime Minister Boris Johnson condemned the “callous” behavior of P&O

By SAMY MAGDY Associated Press CAIRO (AP) — The Egyptian pound has slipped further against the dollar, after Egypt’s Central Bank raised its main interest rate and devalued the local currency by 14%. Banks Wednesday were selling the U.S. currency at more than 18.5 pounds while buying it at over 18.45. That’s up from an

WUZHOU, China (AP) — Add rain to the challenges facing Chinese investigators as they try to determine why a jetliner with 132 people aboard crashed in remote mountains. Amid difficult conditions, officials say they have recovered what they believe is the cockpit voice recorder, one of two “black boxes” carried by the China Eastern Airlines

NEW YORK (AP) — Russia has unleashed a harsh crackdown on dissent over the past year by imprisoning opposition leader Alexei Navalny and silencing his supporters and his organization. Activists were either prosecuted, fled the country or had their hands tied by draconian new laws or decrees. Independent news outlets were blocked and social media

By GLENN GAMBOA AP Business Writer The humanitarian needs of more than 10 million displaced Ukrainians have quickly become staggering. Yet Mark Malloch-Brown, president of the Open Society Foundations, warns that longer-term problems resulting from Russia’s invasion will grow ever larger if they aren’t sufficiently addressed now. Experts report an “unprecedented” outpouring of aid for

By ELAINE KURTENBACH AP Business Writer Stocks have fallen in Asia following a retreat on Wall Street as crude oil prices rose sharply. Tokyo, Hong Kong and Shanghai were lower while Sydney edged higher. U.S. futures rose and U.S. benchmark crude oil was trading near $116 per barrel. On Wednesday, the S&P 500 lost 1.2%,

BEIJING (AP) — Chinese telecom equipment maker ZTE Corp. says a U.S. judge has allowed a probation period to end after the company was nearly destroyed in a clash with Washington over its dealings with Iran and North Korea. In 2018, then-President Donald Trump barred ZTE’s access to American components amid rising tension with Beijing

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand’s flagship airline says it has started selling tickets for direct flights to and from New York. The new route will take more than 17 hours southbound and be among the longest nonstop flights in the world. Air New Zealand had intended to start

By NG HAN GUAN and KEN MORITSUGU Associated Press WUZHOU, China (AP) — Investigators have found what they believe to be the cockpit flight recorder in the wreckage of a China Eastern flight that crashed in the country’s south with 132 people on board. Zhu Tao, director of the Office of Aviation Safety at the

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s government lifted a warning of potential blackouts for the Tokyo region as weather and conservation efforts improved, but the supply outlook still appears fragile with several coal-fired plants offline. The energy shortfall came as people used more power to keep warm on an unusually cold, snowy

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand will remove many of its COVID-19 pandemic mandates over the next two weeks as an omicron outbreak begins to wane. People will no longer need to be vaccinated to visit places like retail stores and restaurants from April 4. A vaccine mandate will

By MICHAEL R. BLOOD Associated Press SACRAMENTO (AP) — Tax records show California Democratic Gov. Gavin Newsom and his wife earned nearly $1.5 million in 2020 and paid about $480,000 in taxes. Their income was down from $1.7 million the couple reported in 2019, which was his first year as governor. The couple’s joint federal

The Associated Press The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration. At a meeting Tuesday in Baltimore, the U.S. and the U.K. announced a deal that would remove taxes on British steel and aluminum that came in below

By DAVID FISCHER Associated Press MIAMI BEACH, Fla. (AP) — Miami Beach city commissioners have voted to extend a curfew, a day after it was announced by the city manager in response to violent incidents surrounding spring break. At least five peoiple have been wounded in two separate shootings recently. The city commission voted unanimously

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Federal safety inspectors say baby formula maker Abbott failed to maintain sanitary conditions at the Michigan manufacturing plant recently linked to a cluster of infant illnesses. The Food and Drug Administration began investigating the plant after Abbott recalled several leading infant formulas. The products have been

By COLLEEN SLEVIN Associated Press BOULDER, Colo. (AP) — The Colorado college town of Boulder is marking the one-year anniversary of a supermarket shooting that killed 10 people. A public remembrance with flowers was held for those who died and those still grieving. The March 22, 2021, attack at a King Soopers grocery shocked a

SEATTLE (AP) — Baristas and other employees at a Seattle Starbucks have voted to unionize, the first such vote in the city where Starbucks originated and the latest in a nationwide push to organize the coffee shop chain. The Seattle Times reports the unanimous vote announced Tuesday by the National Labor Relations Board is also

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — Although not in the courtroom, Theranos CEO Elizabeth Holmes loomed over the opening day of a trial that will determine whether her jilted lover and former business partner Ramesh “Sunny” Balwani was her partner in crime. In opening statements Tuesday, a federal prosecutor depicted

AKRON, Ohio (AP) — A federal judge in Ohio says he wants attorneys for investors in utility giant FirstEnergy Corp. to reveal who from the company paid bribes in an alleged $60 million scheme to win a legislative bailout for two nuclear plants. U.S District Court Judge John Adams on Tuesday told the lawyers he

BY SAMY MAGDY Associated Press CAIRO (AP) — Egypt says it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal. The Suez Canal Authority says it will add 15% to the normal transit fees for oil-laden and petroleum products-laden tankers, up from current 5%. It says the increases will take effect

By SUSAN HAIGH Associated Press Federal funding has been approved to begin removing some of the hundreds of thousands of derelict lobster traps left behind on the floor of the Long Island Sound, a “ghost fishery” that continues to trap and kill marine life to this day. It comes about two decades after Connecticut’s lobster

The Associated Press Stocks closed higher on Wall Street Tuesday and oil prices eased as investors remained focused on the outlook for inflation. Banks helped drive the gains, along with technology and retailer stocks. Energy stocks slipped as oil prices fell. Bond yields continued to rise a day after Federal Reserve Chair Jerome Powell said

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Nike, Alibaba rise; Okta, Hess fall.

By ROB HARRIS AP Global Soccer Writer LONDON (AP) — The owner of disqualified Kentucky Derby winner Medina Spirit is among the bidders for Premier League club Chelsea as part of the accelerated search for a new owner. Amr Zedan, a Los Angeles-born Saudi investor, has registered his bid with the Raine Group — the

By ADRIANA GOMEZ LICON Associated Press MIAMI (AP) — A federal judge in Miami has ruled that four of the largest cruise companies engaged in tourism to Cuba that was barred by law between 2015 and 2019. U.S. Judge Beth Bloom said Monday that Carnival, Norwegian, Royal Caribbean and MSC Cruises must compensate the descendants

By TALI ARBEL AP Business Writer BuzzFeed is shrinking and shifting the focus of its Pulitzer prize-winning news division. The digital media company best known for its lighthearted lists and quizzes says it is striving to increase its profitability. It is offering voluntary buyouts in its high-profile, 100-person newsroom. Its news division is unprofitable but

By AAMER MADHANI Associated Press WASHINGTON (AP) — White House national security adviser Jake Sullivan says President Joe Biden plans to announce new sanctions against Russia on Thursday while in Brussels. Biden will be there for meetings with NATO and European allies. Biden is also expected to underscore efforts to enforce the avalanche of existing

The Associated Press Closing prices for crude oil, gold and other commodities, and foreign exchange levels.

By SYLVIE CORBET The Associated Press PARIS (AP) — French energy giant TotalEnergies says it has decided to halt all its purchases of Russian oil and petroleum products by the end of the year at the latest. The French company said in a statement Tuesday that it will “gradually suspend its activities in Russia” amid

By MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — A South African court has suspended construction work on a huge new business park that will house Amazon’s Africa headquarters in Cape Town after a challenge by Indigenous groups. The groups say the development will spoil an area that’s sacred to them. The First Nations Indigenous people

By TOM KRISHER AP Auto Writer DETROIT (AP) — U.S. securities regulators say they have legal authority to subpoena Tesla and CEO Elon Musk about his tweets. The Securities and Exchange Commission also says in court documents that Musk’s move to throw out a 2018 agreement that his tweets be pre-approved is not valid. The

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — A federal agency says it’s running out of money to cover medical bills for COVID tests and treatments for uninsured people and will stop taking claims at midnight Tuesday. The reason: a budget impasse between Congress and the White House over the Biden administration’s urgent request for