AP National Business

By TAIJING WU Associated Press TAIPEI, Taiwan (AP) — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands says it plans to make electric cars for auto brands under a similar contract model. The chairman of Foxconn Technology Group said it will produce cars and buses for brands in China, North

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — The Australian government has begun its legal challenge to a judge’s landmark decision that the administration has a duty of care to prevent future climate change in a case brought by eight teenagers. The Federal Court battle over a proposed coal mine expansion comes as Prime

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets have followed Wall Street higher as investors wait for more U.S. corporate results to see how companies are coping with supply disruptions and the past quarter’s surge in coronavirus infections. Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street’s benchmark S&P 500 index

By EDDIE PELLS AP National Writer A college basketball player hatched the idea after seeing a discrimination case nearly implode his own team, then wondering why it took so long to get to the facts. Ten years later, that player’s idea provides a key tool for fixing a sports landscape teeming with cases of sexual

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s Queensland state plans to open to vaccinated travelers, ending the status it has enjoyed throughout the pandemic of being virtually free of COVID-19. Tight border controls helped make Queensland and Western Australia among the most successful states in keeping out COVID-19. They’ve been reluctant to

The Associated Press Tesla reports its third-quarter results Wednesday. The National Association of Realtors issues its September tally of U.S. home sales Thursday. American Express serves up its latest quarterly results Friday.

By ELAINE KURTENBACH AP Business Writer Asian shares are mostly lower after China reported its economy grew at a meager 4.9% annual pace in July-September. Benchmarks declined in Shanghai, Hong Kong and Tokyo but rose in Sydney and Seoul. On Friday, Wall Street added to its recent gains, with the benchmark S&P 500 posting its

By JOSH BOAK Associated Press WASHINGTON (AP) — Commerce Secretary Gina Raimondo is on a mission to save American jobs — one computer chip at a time. As President Joe Biden’s de facto tech minister, Raimondo is tasked with ensuring the United States will be the world leader in computer chips. The Democratic president’s political

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Almost overnight, Japan has become a stunning, and somewhat mysterious, coronavirus success story. Daily new COVID-19 cases have plummeted after a mid-August peak that nearly reached 6,000 in Tokyo, with caseloads in the densely populated capital now below 100, an 11-month low. Possible factors include, after a

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s economic growth sank in the last quarter as a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic. Government data show the world’s second-largest economy grew by 4.9% over a year earlier in July-September, down from the previous

By KELVIN CHAN and MATT O’BRIEN Associated Press LONDON (AP) — Facebook says it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform. The company said in a blog post Sunday that those high-skilled workers will help build “the metaverse,” a futuristic notion

By MATTHEW BROWN Associated Press Investigators believe a massive cargo ship dragging anchor in rough seas caught an underwater oil pipeline and pulled it across the seafloor, months before a leak from the line fouled the Southern California coastline. A team of federal investigators trying to chase down the cause of the spill boarded the

WATERLOO, Iowa (AP) — Farmers and Deere & Co. suppliers are worried about what the strike at the tractor maker’s factories will mean for their livelihoods. More than 10,000 Deere employees went on strike last week at 14 Deere factories in Illinois, Iowa, Kansas, Colorado and Georgia after the United Auto Workers union rejected a

By LINDSEY BAHR AP Film Writer “Halloween Kills” may be available to watch at home, but the latest installment in the Michael Myers saga is making a killing at the North American box office in its first weekend in theaters. Studio estimates Sunday show the David Gordon Green-directed horror scared up $50.4 million from 3,705

By DAVID A. LIEB Associated Press Some cities are urging President Joe Biden’s administration to loosen its rules for spending $350 billion of coronavirus relief money directed toward state and local governments. The American Rescue Plan already provides significant leeway on spending decisions. But local governments that can show revenue losses have even greater flexibility

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — Once-endangered alligators are thriving in the wild, so Louisiana authorities are proposing another cut in the percentage that farmers must return to marshes where their eggs were laid. The big armored reptiles don’t breed well in captivity, so farmers are allowed to collect eggs from wild

By SYLVIA HUI Associated Press LONDON (AP) — Celebrities have joined Prince William in London for the inaugural awards ceremony of his Earthshot Prize. The ambitious environmental program aims to find new ideas and technologies around the world to tackle climate change and Earth’s most pressing challenges. Actors Emma Thompson, Emma Watson and David Oyelowo

By TOM MURPHY AP Health Writer Persistent concerns about the first new Alzheimer’s treatment in more than 20 years are curbing access more than four months after regulators approved it. Several major medical centers remain undecided on whether to use Biogen’s Aduhelm. Big names like the Cleveland Clinic and Mass General Brigham in Boston say

HUNTINGTON BEACH, Calif. (AP) — The U.S. Coast Guard has designated the Mediterranean Shipping Company and others as parties of interest in an investigation into a vessel that was determined to be the source of an offshore pipeline leak in Southern California. Coast Guard and National Transportation Safety Board marine casualty investigators boarded a container

KNOXVILLE, Tenn. (AP) — The University of Tennessee at Knoxville has offered to reinstate a professor who was acquitted of federal charges that accused him of hiding his relationship with a Chinese university while receiving NASA research grants. According to an Oct. 14 letter obtained by the Knoxville News Sentinel, Provost and Senior Vice Chancellor

By SUMAN NAISHADHAM Associated Press McALLEN, Texas (AP) — Designed more than a century ago, the Rio Grande Valley’s canal system in South Texas was built to irrigate the booming agricultural industry that once dominated the local economy. Today, the canals lose as much as 40% of the water they carry as they snake through

ROME (AP) — Tens of thousands of union members and other Italians gathered in Rome to stand up against rising fascism Saturday, a week after right-wing extremists forced their way into the headquarters of Italy’s most powerful labor confederation while protesting a COVID-19 certification requirement for workplaces. The head of the CGIL union confederation, Maurizio

By MICHAEL HILL Associated Press A bitcoin operation in central New York has taken over a power plant to find cheap energy for currency mining in a move that has alarmed environmentalists. Greenidge Generation now produces about 44 megawatts to run 15,300 computer servers, plus additional electricity it sends into the state’s power grid. Environmentalists

By JEFF MARTIN Associated Press ATLANTA (AP) — One of the world’s largest elevator towers will soon be opened to test elevators of the future as well as current ones high above the Atlanta suburbs. TK Elevator says its 420-foot tower is set to become fully operational early next year. General contractor Brasfield & Gorrie

By SCOTT McFETRIDGE Associated Press DES MOINES, Iowa (AP) — Frustrated with persistently low prices, ranchers and others in the beef industry are moving to reverse a long trend of consolidation and planning to open new slaughterhouses. The new plants typically cost more than $300 million, but they still will be much smaller than those

By HOPE YEN and TOM KRISHER Associated Press WASHINGTON (AP) — As pandemic-era traffic fatalities spike, the U.S. agency in charge of auto safety is struggling with a backlog of safety rules ordered by Congress that are years overdue. It’s estimated the unfinished rules would save thousands of lives. An Associated Press review of the

NICOSIA, Cyprus (AP) — Cyprus’ energy minister says an undersea cable linking the electricity grids of Cyprus and Egypt could be key to helping both countries transition to a green economy. Minister Natasa Pilides said a memorandum of understanding she signed with Egypt’s electricity minister on Saturday supports the project’s planning, development and implementation. Pilides

By HOPE YEN and TOM KRISHER Associated Press WASHINGTON (AP) — As pandemic-era traffic fatalities spike, the U.S. agency in charge of auto safety is struggling with a backlog of safety rules ordered by Congress that are years overdue. It’s estimated the unfinished rules would save thousands of lives. An Associated Press review of the

FORT WORTH, Texas (AP) — A former Boeing employee has pleaded not guilty to charges of fraud in connection with development of the 737 Max before two of the planes crashed. Mark Forkner made his first appearance in federal court in Fort Worth, Texas, on Friday. He faces six counts of fraud, and trial has

By ALEX VEIGA AP Business Writer The company behind a digital token called Tether has agreed to pay $41 million to settle charges that it misled investors for years by falsely claiming its token was fully backed at all times by U.S. dollars and other fiat currencies. The Commodity Futures Trading Commission said Friday that

By MARCOS ALEMÁN and CHRISTOPHER SHERMAN Associated Press BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin. The pilot project has inspired a rash of volcano emojis from

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Alcoa, Goldman Sachs rise; Duck Creek, Corsair Gaming fall

The Associated Press Major indexes ended higher again on Wall Street Friday, giving the S&P 500 its best week since July. The benchmark index added 0.7% and ended the week up 1.8%. Encouraging reports on the economy and corporate profits helped the market steady itself following a shaky few weeks. 

By BRENDAN FARRINGTON Associated Press TALLAHASSEE, Fla. (AP) — A Florida task force is recommending several changes in the state’s condominium laws to ensure the safety of aging structures in the wake of a building collapse that killed 98 people. The task force formed by the Real Property, Probate and Trust Law Section of the

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

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — The lawyer for an Afghan commander awaiting trial in Manhattan federal court says it’s preposterous to charge his client in the killing of three American soldiers. Attorney Mark Gombiner spoke Friday at a pretrial hearing after Haji Najibullah pleaded not guilty to charges in a rewritten

By MATT O’BRIEN AP Technology Writer Amazon’s audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China. The steps are the latest examples of the impact of China’s tightened rules for internet firms. Audible said Friday that it removed its app

QUITO, Ecuador (AP) — Customers of Ecuador’s largest bank continue to experience service disruptions following a cyberattack on the institution earlier this week. Long lines formed outside Pichincha bank branches on Friday and thousands of customers took their complaints to social media. People reported being unable to access services offered by the bank’s online and

BEIJING (AP) — China has sent three astronauts to its space station for a record-setting six-month stay for the country. The spacecraft blasted off early Saturday and docked at the space station about six and a half hours later. The three astronauts are the second crew to move into the new space station, which was

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — A New Mexico judge has denied a request by dozens of scientists and others at Los Alamos National Laboratory who sought to block a vaccine mandate. Workers risk being fired if they don’t comply with the lab’s Friday afternoon deadline. It’s possible an appeal could

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — Cyprus says it has started procedures to revoke citizenship granted to 39 foreign nationals and six of their family members under the east Mediterranean island nation’s canceled investment-for-passports program. A government spokesperson said Friday that the Council of Ministers decided to overturn an earlier decision to

THE HAGUE, Netherlands (AP) — A Cabinet minister says the Dutch government is planning a multibillion euro package to help households cope with soaring energy bills. The Netherlands is the latest European nation to seek to deal with the effects of surging prices for electricity and gas. The state secretary for economic affairs and climate

By KEN SWEET AP Business Writer NEW YORK (AP) — Goldman Sachs’ profits jumped 60% from a year earlier, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said it earned a profit of $5.28 billion,

By MATTHEW PERRONE and LAURAN NEERGAARD Associated Press WASHINGTON (AP) — A panel of U.S. health advisers has endorsed booster doses of Johnson & Johnson’s single-shot COVID-19 vaccine. The Food and Drug Administration panel said Friday that the booster should be offered at least two months after immunization but didn’t suggest a firm time. The

SOFIA, Bulgaria (AP) — Bulgaria’s caretaker prime minister says his country has set the future decarbonization of the economy as a priority in its pandemic recovery plan submitted formally for consideration to the European Commission. But Prime Minister Stefan Yanev also warned that Bulgaria will try to negotiate for itself a 10-year extension in the

BEIJING (AP) — China’s central bank says financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is the world’s most indebted developer, with over $300 billion in liabilities. The company has missed a third round of

By NICOLE WINFIELD Associated Press ROME (AP) — Italy’s new national airline has made its inaugural flight and unveiled its new name and logo. ITA Airways has recycled the red, white and green of its predecessor as it tries to chart a new future amid competition from low-cost airlines. ITA, or Italy Air Transport, officially

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before,

By JILL LAWLESS Associated Press LONDON (AP) — British health officials say an estimated 43,000 people may have been wrongly told they don’t have the coronavirus because of problems at a private laboratory. The U.K. Health Security Agency said Friday that a lab in the central England city of Wolverhampton has been suspended from processing

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — Russia’s daily tolls of coronavirus infections and deaths have surged to another record in a quickly mounting figure that has put a severe strain on the country’s health care system. The government’s coronavirus task force on Friday reported 32,196 new confirmed coronavirus cases and 999 deaths in

THE HAGUE, Netherlands (AP) — European Union agencies are launching a year-long operation to crack down on fraud targeting the bloc’s multibillion euro COVID-19 pandemic recovery fund. The EU police agency Europol said Friday that Operation Sentinel will coordinate the fight against fraud, tax evasion, excise fraud, corruption, embezzlement, misappropriation and money laundering and and

VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — A forthcoming flight to space by a Japanese billionaire will let the public have a closer look at life on board the International Spacer Station. Fashion tycoon Yusaku Maezawa is set to rocket to space in a Russian Soyuz spacecraft together with producer Yozo Hirano, who will film

By RAF CASERT Associated Press BRUSSELS (AP) — The Brexit brawl has kicked into high gear, almost a year after a deal on a free trade agreement was supposed to have officially sealed the separation between the European Union and the United Kingdom. The top Brexit negotiators from both sides entered talks again Friday, with

By GEIR MOULSON Associated Press BERLIN (AP) — Three German parties have announced that they aim to open formal coalition talks, moving a big step closer to a new government that would send outgoing Chancellor Angela Merkel’s center-right bloc into opposition. The prospective partners said Friday they have a major opportunity to modernize Europe’s biggest

By NICOLE WINFIELD Associated Press ROME (AP) — Protests have erupted in Italy as a new anti-coronavirus regulation took effect requiring all workers to show a health pass to enter their place of employment. Police were out in force, schools were closing early and embassies issued warnings amid concerns that anti-vaccination demonstrations could turn violent

By ZEN SOO Associated Press HONG KONG (AP) — Hong Kong and mainland authorities have seized about $540,000 worth of smuggled Australian lobsters believed to be bound for the mainland, after China restricted imports of the crustacean amid escalating tensions with Australia. Hong Kong authorities say its customs and Chinese law enforcement agencies confiscated about

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nippon Steel Corp. is suing Toyota Motor Corp. over a patent for a technology used in electric motors in a rare case of legal wrangling between Japan’s top steelmaker and automaker over intellectual property. Nippon Steel filed the lawsuit in Tokyo District Court, demanding compensation for

NEW DELHI (AP) — India is reopening its borders to fully vaccinated foreign tourists traveling on chartered flights starting Friday. Foreign tourists entering India by regular flights would be able to do so after Nov. 15. It is the first time India has allowed foreign tourists to enter the country since March 2020. It is

By STAN CHOE and ALEX VEIGA AP Business Writers Stocks ended higher again on Wall Street Friday, giving the S&P 500 its best week since July. The benchmark index added 0.7% and ended the week up 1.8%. Encouraging reports on the economy and corporate profits helped the market steady itself following a shaky few weeks.

SEOUL, South Korea (AP) — South Korean police have arrested four people for allegedly installing hidden cameras in the rooms of an entire motel and attempting to extort money from the hundreds of guests who were filmed. A police official said the suspects filmed guests for months but all their extortion attempts failed. Police didn’t

By The Associated Press Taiwan Semiconductor Manufacturing Corp. says it plans to build a computer chip factory in Japan. TSMC’s CEO C.C. Wei said in a earnings conference call that the plan was subject to approval by TSMC’s board of directors and that details would be released later. He said the company had a “strong

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s most populous state New South Wales says it will end hotel quarantine for vaccinated passengers when scheduled international flights restart from Sydney within two weeks. The government says vaccinated travelers who test negative to COVID-19 before flying to Sydney will be spared 14 days in

By ALEXANDRA JAFFE Associated Press WASHINGTON (AP) — President Joe Biden has signed into law a bill raising the nation’s debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480 billion increase in the country’s borrowing ceiling on Tuesday after the Senate

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — A former Boeing test pilot has been indicted on fraud charges related to his work in evaluating the 737 Max jetliner, the same model that was involved in two deadly crashes. Prosecutors said Mark Forkner was indicted Thursday by a federal grand jury and accused of

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — A California insurance pool is appealing a judge’s order that it offer homeowners more options for coverage. Private insurance companies sometimes won’t sell policies to people who live in wildfire prone areas. The California Fair Access to Insurance Requirements Plan sells fire insurance to these people.

By SYLVIA HUI Associated Press LONDON (AP) — Britain’s government says it will allow up to 800 more foreign butchers work in the U.K. on temporary visas, after farmers said a labor shortage in meat processing has caused them to cull thousands of healthy pigs. Earlier, the pork industry warned that up to 150,000 pigs

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — Scientists and other workers at one of the nation’s premier nuclear weapons laboratories face a deadline Friday — be vaccinated or prepare to be fired. Dozens of workers at Los Alamos National Laboratory are suing over the mandate, saying exemptions have been unduly denied and

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: UnitedHealth, Bank of America rise; Occidental, Boeing fall.

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to a global recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency says the Federal Reserve and other central banks must respond quickly if current inflation pressures prove not to be

By EMILIO SANABRIA and DIANE JEANTET Associated Press HERNANDARIAS, Paraguay (AP) — The gigantic Itaipu hydroelectric dam straddling the Brazil-Paraguay border is feeling the heat of Brazil’s worst drought in nine decades. According to Itaipu’s website, 2020  was the was one of the driest years in the plant’s history, with power output at its lowest

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

ROME (AP) — It’s the end of business for Italy’s bankrupt national carrier Alitalia, and an end of an era for Italy. Alitalia is flying it final flight on Thursday, from Cagliari, Sardinia to Rome, before it formally folds. Alitalia operated in the red for more than a decade will be replaced by a new

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The U.S. Food and Drug Administration will ask its outside experts to review Merck’s pill to treat COVID-19 at a meeting in late November. Regulators announced the Nov. 30 meeting on Thursday. It’s a signal they will conduct a detailed review of the drug’s safety and

By DEE-ANN DURBIN AP Business Writer ANN ARBOR, Mich. (AP) — Domino’s Pizza says shortages of cooks, drivers and other staff are pinching sales at its U.S. stores. The world’s largest pizza chain said Thursday its same-store sales __ or sales at stores open at least a year __ dropped 1.9% in the July-September period.

By MELINDA DESLATTE Associated Press BATON ROUGE, La. (AP) — Industrial gas supplier Air Products has announced it will build a $4.5 billion clean energy facility in Louisiana’s capital region. Air Products President and CEO Seifi Ghasemi said the Ascension Parish site will be the largest permanent carbon dioxide sequestration facility in the world, helping

By JEFF AMY Associated Press ATLANTA (AP) — Georgia Power Co. customers will likely pay another $224 million a year for the first of two nuclear reactors near Augusta. The company says it amounts to another $4 each month for every residential customer. The unit of Atlanta-based Southern Co. and Georgia Public Service Commission staffers

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Caesars Entertainment and the company that produces the show “Absinthe” in Las Vegas are teaming up on theater and dining projects in three states that will cost nearly $75 million. Caesars tells The Associated Press it has signed a deal with Spiegelworld to create new

Associated Press CAPE CANAVERAL, Fla. (AP) — A Vermont family has filed a lawsuit against Disney Cruise Lines, saying their 3-year-old daughter was sexually assaulted by an older child inside a ship’s day care center due to understaffing and poor training of employees. The lawsuit filed last month in federal court in Orlando says employees

CHICAGO (AP) — United Airlines is betting that international travel will rebound in a big way by next summer. The airline said Thursday that it will launch service next spring to five new destinations including Amman, Jordan, and Spain’s Canary Islands. Most of the flights will come from Newark, New Jersey. United also plans to

By MATT O’BRIEN AP Technology Writer Microsoft says it is shutting down its main LinkedIn app in China later this year following tighter government rules on internet companies. The company said in a blog post Thursday it has faced “a significantly more challenging operating environment and greater compliance requirements in China.” LinkedIn said it will

By YURAS KARMANAU Associated Press KYIV, Ukraine (AP) — Russia’s foreign minister says he has discussed the Russian media situation in Belarus during a visit to the country. A journalist who worked for a Russian newspaper in Belarus was arrested this month after writing an article about a shootout in Minsk that killed an opposition

By LAURAN NEERGAARD and MATTHEW PERRONE Associated Press A panel of U.S. health advisers has endorsed booster shots for Moderna’s COVID-19 vaccine. The advisers to the Food and Drug Administration voted Thursday to recommend a lower-dose booster shot for seniors and other high-risk groups. Already millions who got their initial Pfizer shots at least six

By ALEX DANIELS of The Chronicle of Philanthropy Chronicle of Philanthropy The Generosity Commission, funded by more than $2 million in grants from the nation’s biggest foundations, will campaign to drive greater giving of time and money, especially from middle- and low-income Americans. Noting that financial donations dropped to an all-time low — just 50%

By STAN CHOE AP Business Writer NEW YORK (AP) — Big corporations’ eye-popping profit growth is starting to slow, eroding the support that’s kept stock prices high. Companies kicked off earnings reporting season this week, and the forecast is for S&P 500 growth to decelerate to roughly 28% from 90.9% in the second quarter. Stickier-than-expected

By ELLEN KNICKMEYER Associated Press WASHINGTON (AP) — U.S. climate envoy John Kerry concedes upcoming climate talks are likely to fall short of the target level for emissions cuts needed to stave off more devastating scenarios of global warming. Kerry spoke to The Associated Press ahead of the U.N. climate conference in Scotland two weeks

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Despite renewed attention on efforts to diversify hiring in journalism since George Floyd’s killing, the ability to measure real progress is proving elusive. The News Leaders Association says it is extending the deadline for responses to its survey about employment practices at news organizations out

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the increase in its producer price index, which measures inflationary pressures before they reach

By JILL LAWLESS Associated Press LONDON (AP) — A work by British street artist Banksy that sensationally self-shredded just after it sold for $1.4 million has sold again for $25.4 million at an auction on Thursday. “Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of $5.5 million to

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months. Unemployment claims dropped 36,000 to 293,000, the second straight drop, the

COPENHAGEN, Denmark (AP) — Norway’s new prime minister has presented his center-left minority government a day after a man killed five in a bow-and-arrow attack in a small town. Prime Minister Jonas Gahr Stoere stood Thursday outside the royal palace with his 19-member team that includes 10 women and nine men. The outgoing and incoming

The Associated Press NEW YORK (AP) — Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs. The results for Citigroup, Bank of America, Wells Fargo and Morgan Stanley saw all four benefitted from various one-time

By SARA RATHNER of NerdWallet Buy now, pay later services are everywhere now, and they’re not just for shopping. You can split travel costs, and even rent, into a series of smaller payments. While BNPL makes it possible to manage a large purchase, it can also make getting into debt that much easier. Like credit