AP National Business

By QASSIM ABDUL-ZAHRA and ABBY SEWELL Associated Press BAGHDAD (AP) — Only a few months into its term, Iraq’s government is suddenly enforcing a long-dormant law banning alcohol imports and arresting people over social media content deemed morally offensive. The crackdown has raised alarm among religious minorities and rights activists. Some see the measures as

By STAN CHOE AP Business Writer NEW YORK (AP) — Fear rattled Wall Street, and stocks tumbled Friday on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years. The S&P 500 dropped 1.4% to cap its worst week since September. That’s

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. The unemployment rate rose to 3.6% from a 53-year low of 3.4%, as more

By MARI YAMAGUCHI Associated Press OKUMA, Japan (AP) — Twelve years after the triple reactor meltdowns at the Fukushima Daiichi nuclear power plant, Japan is preparing to release a massive amount of treated radioactive wastewater into the sea. Japanese officials say the release is unavoidable and should start soon. Dealing with the wastewater is less

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan’s parliament has approved the central bank’s appointment of Kazuo Ueda as its new chief. He’ll be tasked with the challenge of steering the world’s third-largest economy through inflation and other looming risks. The nomination of Ueda and his deputies was approved Friday by the upper

By EILEEN NG Associated Press KUALA LUMPUR, Malaysia (AP) — Former Prime Minister Muhyiddin Yassin was charged Friday with corruption and money laundering, making him Malaysia’s second ex-leader to be indicted after leaving office. Muhyiddin, 75, pleaded innocent to four charges of abusing his power to obtain 232.5 million ringgit ($51.4 million) bribes for his

By MICHAEL LIEDTKE AP Technology Writer A federal judge has rejected former Theranos executive Ramesh “Sunny” Balwani’s bid to remain free while he appeals his conviction for crimes he committed during a blood-testing scam he orchestrated with his former boss and lover, Elizabeth Holmes. The 17-page ruling issued late Thursday pushes Balwani, 57, a step

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — U.S. railroads were warned to take certain cars out of service Thursday after Norfolk Southern discovered loose wheels on a car involved in last weekend’s derailment in Ohio. It’s not clear that the loose wheels caused the derailment near Springfield last Saturday because the National

TORONTO — Denison Mine: Q4 Earnings Snapshot

BUENOS AIRES, Argentina — Pampa: Q4 Earnings Snapshot

ANAHEIM, Calif. — Willdan: Q4 Earnings Snapshot

GLEN ALLEN, Va. — Hamilton Beach: Q4 Earnings Snapshot

WESTLAKE VILLAGE, Calif. — Velocity Financial: Q4 Earnings Snapshot

SAN JOSE, Calif. — Energous: Q4 Earnings Snapshot

THE WOODLANDS, Texas — Ring Energy: Q4 Earnings Snapshot

NEW YORK — Portman Ridge: Q4 Earnings Snapshot

PEKIN, Ill. — Alto Ingredients: Q4 Earnings Snapshot

RADNOR, Pa. — Safeguard Scientifics: Q4 Earnings Snapshot

LIVONIA, Mich. — Alta Equipment: Q4 Earnings Snapshot

SAN FRANCISCO — A.k.a. Brands: Q4 Earnings Snapshot

By MATTHEW DALY and MICHAEL PHILLIS Associated Press WASHINGTON (AP) — The House on Thursday voted to overturn the Biden administration’s protections for thousands of small streams, wetlands and other waterways, advancing long-held Republican arguments that the regulations are an environmental overreach and burden to business. The vote was 227-198 to overturn the rule. House

SANTA MONICA, Calif. — Entravision Communications: Q4 Earnings Snapshot

BEDFORD, Mass. — Homology Medicines: Q4 Earnings Snapshot

CHICAGO — Oil-Dri: Fiscal Q2 Earnings Snapshot

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — A former Fox executive has been convicted of paying tens of millions of dollars in bribes to nab broadcasting rights to the World Cup and other top soccer matches. A second ex-executive was acquitted. A Brooklyn federal jury delivered its verdict Thursday. Hernan Lopez was

HOUSTON — Amplify Energy: Q4 Earnings Snapshot

MELVILLE, N.Y. — Comtech: Fiscal Q2 Earnings Snapshot

IRVINE, Calif. — Tilly’s: Fiscal Q4 Earnings Snapshot

SAN FRANCISCO — DocuSign: Fiscal Q4 Earnings Snapshot

BROOMFIELD, Colo. — Vail Resorts: Fiscal Q2 Earnings Snapshot

BURLINGTON, Mass. — Aware: Q4 Earnings Snapshot

SAN FRANCISCO — Gap: Fiscal Q4 Earnings Snapshot

The Associated Press Stocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates. The losses came after two days of testimony before Congress by Federal Reserve Chair Jerome Powell, who said

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: American Express Co., down $2.71 to $172.12. The credit card company raised its dividend and announced a stock buyback program. SVB Financial Group, down $161.79 to $106.04. The banking and financial services company announced a stock offering to strengthen its financial

By DAMIAN J. TROISE AP Business Writer Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due. Corporate borrowers will have to pay more of that debt back as refinancing grows more difficult with rising interest rates. Economists and analysts

MITCHEL FIELD, N.Y. — Frequency Electronics: Fiscal Q3 Earnings Snapshot

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — The United Nations says it has signed an agreement to purchase a very large vessel that can transfer more than 1 million barrels of crude now stranded in a rusting old tanker off the coast of war-torn Yemen. It’s the first step in an eventual

OR YEHUDA, Israel — Magic Software: Q4 Earnings Snapshot

BERLIN (AP) — European countries say they have decided to dissolve a system that was conceived in 2019 to enable trade with Iran and protect companies doing business with it from U.S. sanctions, but only ever processed one transaction. The German and French foreign ministries said the 10 shareholders of INSTEX — Belgium, Germany, Finland,

By KEN SWEET AP Business Writer NEW YORK (AP) — Visa and Mastercard paused their decision to start categorizing purchases at gun shops, a significant win for conservative groups and Second Amendment advocates who felt that tracking gun shop purchases would inadvertently discriminate against legal firearms purchases. The decision is, at the same time, also

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — A former Goldman Sachs banker has been sentenced to 10 years in prison for his role in looting a Malaysian development fund. The money stolen from the fund known as 1MDB paid for billions of dollars in bribes and kickbacks used to finance lavish parties,

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42. Werfel, who pledged before senators not to expand tax audits on businesses and households making less than $400,000 per year during his confirmation hearing, will serve

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The United States has slapped more sanctions on people and firms associated with Iran and with what it calls an illicit banking network used to conceal transactions. The U.S. said Thursday it placed the penalties on 39 firms linked to a shadow banking system that helped to

By MONIKA SCISLOWSKA Associated Press WARSAW, Poland (AP) — The fallout from an explosive Polish TV report alleging that St. John Paul II covered up clergy sex abuses cases is escalating. Poland’s Catholic Church and lawmakers have strongly defended the late pope as one of the greatest Poles. And the Polish government invited the U.S.

By CHRIS MEGERIAN Associated Press WASHINGTON (AP) — With Republicans in control of the House, there’s no chance that President Joe Biden’s new budget plan will become law as it stands. Instead, the financial blueprint that he announced Thursday in Philadelphia will serve as a political talking point for a president preparing to run for

By The Associated Press U.S. product regulators said Thursday that Yeti has recalled 1.9 million coolers and gear cases because magnets can come detached from them, posing a risk of serious injury or death. The Consumer Product Safety Commission said consumers should immediately stop using the four recalled products and contact Yeti for refund information.

By DARLENE SUPERVILLE Associated Press WASHINGTON (AP) — President Joe Biden is requesting more than $2.8 billion in the federal budget proposal he’s sending to Congress to help advance his cancer-fighting goals. That’s according to White House officials, who shared details with The Associated Press before Biden unveils the proposal Thursday in Philadelphia. More than

By MATT OTT AP Business Writer The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7% in November, just as the spring buying season gets ready to kick off. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate climbed to 6.73%

By LISA MASCARO and FRANK BAJAK Associated Press WASHINGTON (AP) — Hackers have broken into a Washington, D.C. health insurance marketplace and stolen sensitive personal data including Social Security numbers and home addresses of members of Congress, their employees and family members. The House leadership says the size and scope of the impact “could be

By ZEKE MILLER and AAMER MADHANI Associated Press WASHINGTON (AP) — Australia will purchase U.S.-manufactured, nuclear-powered attack submarines to modernize its fleet. That’s according to a European official and two people familiar with the matter on Thursday. The purchase agreement comes amid growing concerns about China’s influence in the Indo-Pacific region. The agreement will be

By FRANCES D’EMILIO Associated Press ROME (AP) — Italian Premier Giorgia Meloni has announced a crackdown on people smugglers, from a southern town near where a boat crowded with migrants broke apart, killing scores of people. After a Cabinet meeting in Cutro, Meloni announced a decree making migrant smuggling that results in death of migrants

By JILL LAWLESS Associated Press LONDON (AP) — Conservative lawmakers in the U.K. are calling on the BBC to discipline soccer pundit Gary Lineker for comparing the government’s language about migrants to that used in Nazi Germany. In a tweet on Tuesday, the former England team captain described the government’s plan to detain and deport

WARSAW, Poland (AP) — Officials in Poland and Slovakia are urging their allies to provide fighter jets to Ukraine, saying they are ready to send their their Soviet-made MiG-29 jet fighters to Kyiv as part of an international coalition. However, it still remains unclear if any other Western supporters of Ukraine are ready to take

TORONTO — AcuityAds: Q4 Earnings Snapshot

GROSSE POINTE FARMS, Mich. — Saga: Q4 Earnings Snapshot

NASHVILLE, Tenn. — Genesco: Fiscal Q4 Earnings Snapshot

TORONTO — Hut 8: Q4 Earnings Snapshot

By MATT OTT AP Business Writer The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve’s interest rate hikes. Applications for jobless claims in the U.S. for the week ending

HOPEWELL JUNCTION, N.Y. — EMagin: Q4 Earnings Snapshot

CUPERTINO, Calif. — Aemetis: Q4 Earnings Snapshot

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — Human Rights Watch says many middle and working class families in Lebanon have been forced to spend most of their monthly income to pay shady neighborhood businessmen running private generators. Still, they go without electricity for nearly half the day, and the crisis threatens to deepen the

AUSTIN, Texas — Vital Farms: Q4 Earnings Snapshot

CAMBRIDGE, Mass. — Akebia Therapeutics: Q4 Earnings Snapshot

REHOVOT, Israel — Evogene: Q4 Earnings Snapshot

By LORNE COOK Associated Press BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg is spearheading a new drive to see Finland and Sweden join the alliance’s ranks soon. It’s hoped that they will become members of the world’s biggest military organization by the time U.S. President Joe Biden and his counterparts meet for their next summit

ATLANTA — Angel Oak: Q4 Earnings Snapshot

HOLLISTON, Mass. — Harvard Bioscience: Q4 Earnings Snapshot

DELTA , Canada — Village Farms: Q4 Earnings Snapshot

PEARL RIVER, N.Y. — Acorda: Q4 Earnings Snapshot

CHICAGO — Methode: Fiscal Q3 Earnings Snapshot

COCONUT CREEK, Fla. — Willis Lease: Q4 Earnings Snapshot

By HANNA ARHIROVA and ELENA BECATOROS Associated Press KYIV, Ukraine (AP) — A barrage of more than 80 Russian missiles and a smaller number of exploding drones hit residential buildings and critical infrastructure across Ukraine. The strikes on Thursday killed six people and left hundreds of thousands without heat or electricity. The largest such attack

MARLBOROUGH, Mass. — BJ’s: Fiscal Q4 Earnings Snapshot

BUFFALO, N.Y. — 22nd Century: Q4 Earnings Snapshot

PURCHASE, N.Y. — Townsquare: Q4 Earnings Snapshot

By RENATA BRITO and JENNIFER O’MAHONY Associated Press SURIA, Spain (AP) — Three Spanish geologists died in a tunnel collapse deep inside a potash mine in northeastern Spain on Thursday, officials said. The accident occurred in the Cabanasses de Súria mine around 8 a.m., at a depth of 900 meters (nearly 3,000 feet), when the

CALGARY, Alberta — Vermilion: Q4 Earnings Snapshot

HOUSTON — Bristow Group: Fiscal Q3 Earnings Snapshot

BEIJING (AP) — China has criticized the Netherlands for joining Washington in expanding curbs on Chinese access to technology to make processor chips that Western governments say might be used in weapons or to commit human rights abuses. Processor chips and the technology to make them are increasingly sensitive as Beijing steps up efforts to

PUTRAJAYA, Malaysia (AP) — Former Malaysian Prime Minister Muhyiddin Yassin has been questioned by anti-graft officials over alleged corruption in awarding government contracts while in office. The anti-corruption agency chief, Azam Baki, told the national Bernama news agency that Muhyiddin will be charged in court on Friday. The agency said it would issue a statement.

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower Friday ahead of an update on United States employment amid worries about possible further interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged lower. Wall Street’s benchmark S&P 500 index fell Thursday by its biggest

By JOSH BOAK Associated Press PHILADELPHIA (AP) — As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday made an opening bid with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that Republicans already intend to reject. It’s part of a

By STEPHEN GROVES and JOSH FUNK Associated Press WASHINGTON (AP) — Norfolk Southern’s CEO earnestly apologized before Congress on Thursday for last month’s fiery hazardous materials train derailment on the Ohio-Pennsylvania border and pledged millions of dollars to help the local town recover. But he stopped short of fully endorsing tougher safety regulations or specific

By NICHOLAS RICCARDI and DAVID BAUDER Associated Press NEW YORK (AP) — Thousands of pages of documents in a recent lawsuit show that Fox News’ top executives sometimes were actively involved in politics rather than simply reporting or offering opinions on it. The documents were released as part of a libel lawsuit that voting machine

By COLLIN BINKLEY AP Education Writer JACKSON, Tenn. (AP) — When he looked to the future, Grayson Hart always saw a college degree. He was a good student at a good high school. He wanted to be an actor, or maybe a teacher. Growing up, he believed college was the only route to a good

By ANDREA RODRÍGUEZ Associated Press SAN LUIS, Cuba (AP) — A neighbor lent him a house to dry leaves, and he had a little fertilizer saved, so he plucked up the courage to plant. Now, Hirochi Robaina can hardly believe the resulting miracle. Robaina, one of the most recognized tobacco producers in Cuba, marvels as

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan’s economy grew at an annual pace of 0.1% in October-December, in a downgrade from an earlier 0.6% increase. The data released Tuesday show the world’s third-largest economy barely eking out growth. The Cabinet Office’s revised figure for seasonally adjusted gross domestic product, or GDP, for

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese automaker Nissan is revving up its electrification shift and slashing costs by using the same components across models and cutting use of expensive rare materials. The company presented its “X-in-1” development strategy, in which the X stands for various powertrain parts, such as an electric

WASHINGTON (AP) — Officials have informed members of the House and Senate and their staffs that hackers may have gained access to their sensitive personal data in a breach of a Washington, D.C., health insurance marketplace. Employees of the lawmakers and their families were also affected. DC Health Link confirmed Wednesday that data on an

By KEN SWEET AP Business Writer NEW YORK (AP) — JPMorgan Chase sued its former executive Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client. The New York bank seeks to hold Staley personally liable for any financial

By KANIS LEUNG Associated Press HONG KONG (AP) — The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping ’s tendency to intervene. Li Qiang, 63, who is expected to be chosen China’s premier on Saturday, will

FOOTHILL RANCH, Calif. — LoanDepot: Q4 Earnings Snapshot

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom is withdrawing a $54 million contract with Walgreens. Newsom said Wednesday that the state will not renew the contract after the company indicated it would not sell abortion pills by mail in some conservative-led states. Walgreens has a contract with California to