AP National Business

By JOE McDONALD Associated Press BEIJING (AP) — The Chinese government says more than 253,000 coronavirus cases have been found in the past three weeks and the daily average is rising. That adds to pressure on officials who are trying to reduce economic damage by easing controls that confine millions of people to their homes.

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S. Benchmarks rose in Hong Kong, Seoul and Sydney but fell in Shanghai. Markets were closed in Japan for a holiday. New Zealand’s share benchmark

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — American consumers and nearly every industry will be affected if freight trains grind to a halt next month. One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over concerns about demanding schedules and the lack

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s Parliament has passed bilateral free trade agreements with India and Britain, leaving those partner nations to bring the deals into force. Australia needs to diversify its exports from the troubled Chinese market, and Britain has had to forge new bilateral trade relations since it left

LOS ANGELES (AP) — A woman who bilked investors in a Southern California hotel and condominium project out of at least $26 million has been sentenced to 20 years in federal prison. Ruixue “Serena” Shi of Arcadia was sentenced Monday and ordered to pay $35.8 million in restitution. Prosecutors say she was general manager of

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Norfolk Southern plans to buy a regional railroad it already operates from Cincinnati for $1.62 billion. The deal announced Monday will give Norfolk Southern ownership of the busy 337-mile-long Cincinnati Southern Railroad that connects Cincinnati with Chattanooga, Tennessee. Currently, a Norfolk Southern subsidiary leases the

By AHMED AL-HAJ Associated Press SANAA, Yemen (AP) — Yemen’s internationally recognized government says Houthi rebels have targeted at ship an oil terminal in the south of the country. The government says Monday’s strike took place while a commercial ship was in the port of Al-Dabah and that it had been carried out by drones.

SEATTLE (AP) — U.S. authorities say police in Estonia have arrested two men accused in a half-billion-dollar cryptocurrency fraud. An indictment unsealed in U.S. District Court in Seattle on Monday charged 37-year-old Estonian citizens Sergei Potapenko and Ivan Turogin with wire fraud and conspiracy to commit money laundering. Prosecutors say they tricked hundreds of thousands

By HILLEL ITALIE AP National Writer NEW YORK (AP) — Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed merger a federal judge already had blocked early this month. Paramount Global also announced Monday that it still plans to sell Simon & Schuster, a

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — New York issued its first 36 cannabis dispensary licenses on Monday, taking a monumental step in establishing a legal — and lucrative — marketplace for recreational marijuana. The licenses approved by the state’s Cannabis Control Board were the first of 175 the state plans to

The Associated Press Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1%. The Dow benefited from a big gain in Disney, which

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Carvana Co., down $1.01 to $7.05. The used-vehicle chain is cutting 1,500 jobs, or 8% of its workforce. The Walt Disney Co., up $5.78 to $97.58. Bob Iger is returning as CEO of the entertainment company to replace Bob Chapek. Newmont

The Associated Press Benchmark U.S. crude oil for December delivery fell 35 cents to $79.73 a barrel Monday. Brent crude for January delivery fell 17 cents to $87.45 a barrel. Wholesale gasoline for December delivery rose 2 cents to $2.44 a gallon. December heating oil fell 2 cents to $3.50 a gallon. December natural gas

By JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court says it will hear a dispute over a dog toy that got whiskey maker Jack Daniel’s barking mad. Jack Daniel’s had asked the justices to hear its case against the manufacturer of the plastic Bad Spaniels toy. The toy mimics the Jack Daniel’s bottle

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — A federal judge has ordered Amazon to stop retaliating against employees engaged in workplace activism. The ruling was made Friday in a court case brought by the National Labor Relations Board. The agency sued the company in March seeking the reinstatement of a fired employee

By QASSIM ABDUL-ZAHRA and SAMYA KULLAB Associated Press BAGHDAD (AP) — Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards. The scandal poses an early test for Iraq’s new government, which was formed late last

By JENNIFER McDERMOTT and MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration has announced preliminary approval to spend up to $1.1 billion to help keep California’s last operating nuclear power plant running. The Energy Department said Monday it was creating a path forward for the Diablo Canyon Power Plant to remain open, with

NEW YORK (AP) — Bob Dylan’s publisher is offering refunds for a $600 special edition of his new book, “The Philosophy of Modern Song,” acknowledging that the allegedly “hand-signed” copies were not individually inscribed. “To those who purchased THE PHILOSOPHY OF MODERN SONG limited edition, we want to apologize,” Simon & Schuster announced in a

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case. They are pinning their hopes for convicting Donald Trump’s company largely on the word of two top executives who cut deals before testifying that they schemed to avoid taxes on company-paid perks.

By KEN SWEET AP Business Writer NEW YORK (AP) — The failed cryptocurrency exchange FTX owes more than $3 billion to its largest creditors, the company disclosed in a court filing over the weekend. The list of the top 50 unsecured claims against FTX gives the public a first glance into the amount of money

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Two Philadelphia developers want to build a $3 billion housing, office and retail project on the site of a historic former airport in Atlantic City. But the proposal by Tower Investments and Post Brothers unveiled on Monday faces competition from a previously announced, auto-centric project

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back. The likelihood of a

By DAVID SHARP Associated Press The nation’s major shipping companies are in good shape to get shoppers’ packages delivered on time this holiday season. Carriers like the U.S. Postal Service, UPS and FedEx are expected to have excess capacity after struggling under a crush of holiday packages in 2020 and 2021. There are several factors

By KEN SWEET AP Business Writer NEW YORK (AP) — Financial technology company Credit Karma is probably best known for giving Americans regular access to their credit scores, but the company also acts as a starting place to shop for a loan, bank account or mortgage. Roughly 76 million Americans have used Credit Karma, giving

ATHENS, Greece (AP) — Greece’s budget shows the economy is expected to grow by 1.8% next year, slightly lower than the figures predicted last month as higher energy costs and inflation take a toll. The final 2023 budget submitted to parliament on Monday is the first Greece has posted in 12 years that is free

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Hungary’s top diplomat has traveled to Russia to take part in an international forum on nuclear energy. The Monday visit underscored Hungary’s persistently close ties with Moscow amid the war in Ukraine. Foreign Minister Peter Szijjarto gave a speech at the opening plenary session of the

WARSAW, Poland (AP) — Germany’s defense minister says the country has offered Eurofighters and Patriot defense systems to Poland to help it defend its airspace. In comments published in German newspapers Monday, she said that “we have to position ourselves in the alliance even better in terms of air defense,” and that that goes particularly

By LIZ WESTON of NerdWallet Extended time off from work doesn’t have to wait until retirement. Your career break may be aspirational, or it may be prompted by life events. Whatever the purpose, careful planning before you take the break can help make it more successful and fulfilling. Start by reviewing your finances and getting

By JEFFREY SCHAEFFER and STEPHEN McGRATH Associated Press PARIS (AP) — French President Emmanuel Macron said more than 100 million euros was raised at a donors conference on Monday to help assist Europe’s poorest country, Moldova, which is suffering massive blackouts, an acute energy crisis, heavy refugee flows and potential security threats from the war

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices gained. Wall Street’s benchmark S&P 500 index declined for another day after a Federal Reserve official

The Associated Press Dell Technologies reports its third-quarter results Monday. Best Buy delivers its quarterly results Tuesday. The Commerce Department releases its October tally of new U.S. home sales Wednesday.

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korea’s president has suspended his routine morning Q&A sessions with journalists after squabbling with a broadcaster over its coverage of his remarks caught on a hot mic in the United States. President Yoon Suk Yeol’s so-called “door-stepping” session was in line with his campaign

BURBANK, Calif. (AP) — Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance. The stunning development comes two

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation. Hong Kong’s benchmark fell more than than 3%. Shanghai, Tokyo and Sydney also retreated. Oil prices declined.

By KANIS LEUNG Associated Press HONG KONG (AP) — The Hong Kong government says leader John Lee tested positive for the coronavirus after returning from the Asia-Pacific Economic Cooperation meetings in Thailand. The government says Lee had negative test results throughout his four-day stay in Bangkok but his test upon his arrival at Hong Kong’s

By MICHAEL BIESECKER Associated Press The operator of a natural gas storage well in Western Pennsylvania says workers have successfully plugged a leak that had been spewing massive amounts of planet-warming methane into the atmosphere for two weeks. Equitrans Midstream says the well at its Rager Mountain storage facility, located in a rural area about

NEW YORK (AP) — Latin American governments have selected Brazilian economist Ilan Goldfajn to lead the region’s largest development bank. It follows a misconduct probe that led to the firing of the previous president. Governors from the Inter-American Development Bank’s 48 members selected Goldfajn on Sunday to lead the Washington-based multilateral lender. Other candidates had

By JOHN LEICESTER and HANNA ARHIROVA Associated Press KYIV, Ukraine (AP) — Powerful explosions from shelling shook Ukraine’s Zaporizhzhia region, the site of Europe’s largest nuclear power plant, the global nuclear watchdog said Sunday, calling for “urgent measures to help prevent a nuclear accident” in the Russian-occupied facility. A heavy barrage of Russian military strikes

By JILL LAWLESS Associated Press LONDON (AP) — The British government on Sunday denied a report that it is seeking a “Swiss-style” relationship with the European Union that would remove many of the economic barriers erected by Brexit — even as it tries to improve ties with the bloc after years of acrimony. Health Secretary

By KATE BRUMBACK Associated Press ATLANTA (AP) — Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion. U.S. District Judge Eleanor Ross in Atlanta gave Todd Chrisley 12 years in prison, while Julie Chrisley got seven

By JESSICA GRESKO Associated Press WASHINGTON (AP) — The company that makes Jack Daniel’s is howling mad over a squeaking dog toy that parodies the whiskey’s signature bottle. Now, the liquor company is barking at the door of the Supreme Court. Jack Daniel’s has asked the justices to hear its case against the manufacturer of

By MOGOMOTSI MAGOME Associated Press MASAKHANE, South Africa (AP) — Living in the shadow of one of South Africa’s largest coal-fired power stations, residents of Masakhane fear job losses if the facility is closed as the country moves to cleaner energy. A significant polluter because it relies on coal to generate about 80% of its

BEIJING (AP) — China on Sunday announced its first new death from COVID-19 in nearly half a year as strict new measures are imposed in Beijing and across the country to ward against new outbreaks. The death of the 87-year-old Beijing man was the first reported by the National Health Commission since May 26, bringing

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Elon Musk reinstated Donald Trump’s account on Twitter on Saturday, reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the U.S. Capitol on Jan. 6, 2021, as Congress was poised to certify Joe Biden’s election

BOSTON (AP) — A collection of touching and sometimes prescient personal letters written by a young Bob Dylan to a high school girlfriend has been sold at auction to a renowned Portuguese bookshop for nearly $670,000. The Livraria Lello in Porto, Portugal, which bills itself as “the World’s Most Beautiful Bookshop,” plans to keep the

By STEPHEN GROVES As Twitter became knotted with parody accounts and turmoil, Rachel Terlep, who runs an account for the Washington State Department of Natural Resources that intersperses cheeky banter with wildfire and weather warnings, watched with equal parts trepidation and fascination. “It kind of feels like a supernova moment right now — a big,

By ANDREW WELSH-HUGGINS Associated Press COLUMBUS, Ohio (AP) — Intel’s announcement earlier this year of a $20 billion manufacturing operation bringing thousands of jobs to rural Ohio was greeted as an economic boon. But behind that enthusiasm lurked a pressing question. “Where are we putting everybody?” asked Melissa Humbert-Washington, vice president of programs and services

By KRUTIKA PATHI Associated Press BANGKOK (AP) — U.S. Vice President Kamala Harris has spoken briefly with Chinese leader Xi Jinping in another step toward keeping lines of communication open between the two biggest economies. A White House official says Harris and Xi exchanged remarks Saturday while heading into a closed-door meeting at the summit

By KRUTIKA PATHI, CHISATO TANAKA AND CHALIDA EKVITTHAYAVECHNUKUL Associated Press BANGKOK (AP) — Leaders from around the Asia-Pacific called for an end to Russia’s war on Ukraine and pledged to steer the region’s economies toward sustainable growth as they wrapped up summit meetings Saturday. Host Thailand garnered a diplomatic coup in managing to bridge divisions

BEIJING (AP) — Performances have been suspended at one of Beijing’s oldest and most renowned theaters as part of a new wave of shop and restaurant closures in response to a spike in COVID-19 cases in the Chinese capital. The Jixiang Theater in the downtown Wangfujing shopping district was originally built in 1906 and recently

By MICHAEL BIESECKER and MICHAEL RUBINKAM Associated Press A vent at an underground natural gas storage well in Western Pennsylvania has been spewing massive amounts of planet-warming methane into the atmosphere for more than 11 days and attempts to plug the leak have thus far failed. Owner Equitrans Midstream says the well at its Rager

By MATTHEW DALY Associated Press WASHINGTON (AP) — In a major action to address toxic wastewater from coal-fired power plants, the Environmental Protection Agency on Friday ordered an Ohio utility to stop dumping dangerous coal ash into unlined storage ponds and speed cleanup of the site. The order to the Gen. James Gavin Power Plant

The Associated Press Stocks ended higher on Wall Street but still wound up with weekly losses after several days of bumpy trading. Some retailers posted big gains after reporting surprisingly strong quarterly results and giving investors encouraging forecasts. Gap, Ross Stores and Foot Locker all rose sharply. Energy stocks fell along with crude oil prices.

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California has officially recovered all of the 2.7 million jobs it lost at the start of the pandemic. State officials said Friday the state added 56,700 new jobs in October. That was enough to push the state past the symbolic milestone. It’s a moment that normally

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Ross Stores Inc., up $9.66 to $107.59. The discount retailer reported strong third-quarter earnings and revenue. Williams-Sonoma Inc., down $8.02 to $122.37. The seller of cookware and home furnishings warned investors that inflation and weaker demand could hurt its business. Foot

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — The Trump Organization’s former chief financial officer has testified that Eric Trump hiked his pay by $200,000 after an internal audit spurred by Trump’s 2016 election found that he had been scheming to dodge taxes on lavish corporate perks. The raises boosted Allen Weisselberg’s annual

The Associated Press Benchmark U.S. crude oil for December delivery fell $1.56 to $80.08 a barrel Friday. Brent crude for January delivery fell $2.16 to $87.62 a barrel. Wholesale gasoline for December delivery fell 3 cents to $2.42 a gallon. December heating oil was unchanged at $3.52 a gallon. December natural gas fell 7 cents

By JAMES POLLARD Associated Press/Report for America COLUMBIA, S.C. (AP) — Over 100 service industry workers have gathered in the capital of the state with the county’s lowest unionization rate to launch a new union and try to boost labor organizing across the U.S. South. The Union of Southern Service Workers hopes to win remedies

By BARBARA ORTUTAY AP Technology Writer Twitter is in chaos mode. Elon Musk, its new owner, has decimated its staff and on Wednesday gave those remaining an ultimatum — work grueling hours and be “hardcore” (without giving a definition) or leave. Already, there are signs that booting more than half of the platform’s global staff

By MICHAEL GOLDBERG Associated Press/Report for America JACKSON, Miss. (AP) — A group of environmental and racial justice are suing the U.S. Department of Transportation and its secretary, Pete Buttigieg, seeking to halt a Gulf Coast road project that the group says will harm the environment near historic Black neighborhoods in north Gulfport, Mississippi. The

By DAVID KOENIG AP Airlines Writer The government and two major airlines are giving starkly contrasting views about the impact of an alliance between the airlines. Closing arguments were held Friday in federal district court in the government’s lawsuit to break up a partnership between American Airlines and JetBlue. The partnership lets the airlines coordinate

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — A federal judge has ruled that new lobster fishing restrictions designed to conserve rare whales will be delayed until 2024 to give the government time to design them. The ruling Thursday by a U.S. district judge came on the heels of his July ruling that new,

MINNEAPOLIS (AP) — The CEO of Cleveland-Cliffs says an iron ore mine in northern Minnesota will close in a few years if it doesn’t get mineral rights from a nearby project that hasn’t been completed. Hibbing Taconite is expected to run out of iron ore around 2025. Cleveland-Cliffs CEO Lourenco Goncalves says his company needs

By CHRIS MEGERIAN and AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden is cautioning that “it’s going to take time” for inflation to recede. But he says that legislation he signed in August will soon help limit costs for health care and energy. He made the remarks Friday while meeting with business and

By LAURAN NEERGAARD AP Medical Writer Pfizer said Friday that its updated COVID-19 booster may offer some protection against newly emerging omicron mutants even though it’s not an exact match. Americans have been reluctant to get the updated boosters rolled out by Pfizer and rival Moderna, doses tweaked to target the BA.5 omicron strain that

WARSAW, Poland (AP) — Experts from Ukraine have joined Polish and American investigators who are looking into a missile blast that killed two men in eastern Poland this week. Ukrainian Foreign Minister Dmytro Kuleba said Friday that the Ukrainian experts were at the grain-drying facility in the Polish village of Przewodow where the missile landed

By The Associated Press Ford is recalling more than 550,00 F-150 vehicles in the U.S. and Canada because the front windshield wiper motor may stop functioning, causing the wipers to stop working. The automobile maker said that the inoperative windshield wipers on the 2021-2022 models can reduce visibility in certain conditions, which could increase the

By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month

By GRAHAM DUNBAR AP Sports Writer DOHA, Qatar (AP) — Qatar banned the sale of beer at World Cup stadiums on Friday, a sudden U-turn on the deal the conservative Muslim emirate made to secure the soccer tournament with only two days to go before the opening game. The move was the latest sign of

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Ukraine’s electricity grid chief warned of hours-long power outages Friday as Russia zeroed in on Ukraine’s energy infrastructure with heavy artillery and missile attacks that have interrupted supplies to as much as 40% of the country’s people at the onset of winter. Freezing temperatures are putting

By JAMEY KEATEN Associated Press GENEVA (AP) — A top U.N. official says West Africa is next in line to receive Russian fertilizer that is tied up in European ports and prevented from being exported to needy countries,  Rebeca Grynspan, the head of the U.N. trade office, on Friday hailed “very good news for the

By JILL LAWLESS Associated Press LONDON (AP) — Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation. An emergency budget announced Thursday includes 25 billion pounds ($30 billion) in tax hikes. Combined

DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth. In a speech at a banking forum in Frankfurt, Germany, Christine Lagarde said Friday that the ECB expects

By JARI TANNER Associated Press HELSINKI (AP) — Investigators found traces of explosives at the Baltic Sea site where two natural gas pipelines were damaged in an act of “gross sabotage,” the prosecutor leading Sweden’s preliminary investigation said Friday. Mats Ljungqvist of the Swedish Prosecution Authority said the investigators carefully documented the area where the

By CORA LEWIS Associated Press NEW YORK (AP) — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. The Justice Department on Friday asked the Supreme Court to reverse one of the lower court decisions,

By GEIR MOULSON Associated Press BERLIN (AP) — Germany’s biggest industrial union has agreed with employers on a pay deal that will see millions of workers get raises totaling 8.5% over two years as well as one-time payments meant to cushion the effect of sky-high inflation. The IG Metall union and employers reached a compromise

By KRUTIKA PATHI Associated Press BANGKOK (AP) — U.S. Vice President Kamala Harris is assuring Asian leaders “the United States is here to stay” as she pitches Washington as a reliable economic partner committed to the region and its prosperity. Harris told leaders at the Asia Pacific Economic Cooperation summit on Friday that the U.S.

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes was sentenced Friday to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit. The sentence

By KAREL JANICEK Associated Press OSTRAVA, Czech Republic (AP) — In this part of northeastern Czech Republic, huge piles of coal are stacked up ready to sell to eager buyers and smoke belches from coal-fired plants that are ramping up instead of winding down. Ostrava has been working for decades to end its legacy as

By KELVIN CHAN AP Business Writer SHARM EL-SHEIKH, Egypt (AP) — At the U.N. climate summit in Egypt, leaders of developing nations have repeatedly said it’s not fair to expect them to cover the costs of rebuilding from devastating weather events in a warming world, plus invest in cleaner industry while they also pay much

By KRUTIKA PATHI and TASSANEE VEJPONGSA Associated Press BANGKOK (AP) — Asia-Pacific leaders meeting in Bangkok appear likely to issue a statement condemning Russia’s war on Ukraine. Their foreign ministers agreed on a statement Friday deploring “in the strongest terms” the invasion by Moscow. But the foreign ministers of the 21-member Asia-Pacific Economic Cooperation forum

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.5% after wavering between small gains and losses for much of the

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — The U.N. Security Council has voted to maintain an arms embargo on Somalia over strong objections from its government. The council resolution adopted Thursday says the al-Shabab “terrorist group” still seriously threatens peace and stability in the region, and sanctions are needed to degrade its

By FRANK BAJAK AP Technology Writer Elon Musk’s managerial bomb-throwing at Twitter has so thinned the ranks of software engineers who keep the world’s de-facto public square up and running that industry insiders and programmers who were fired or resigned this week agree: Twitter may soon fray so badly it could actually crash. Musk ended

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon CEO Andy Jassy says the mass layoffs that began in the company’s corporate ranks this week will extend into next year. In a note sent to employees Thursday, Jassy says the company told workers in its devices and books divisions about layoffs on Wednesday.

By JONEL ALECCIA AP Health Writer U.S. agriculture officials proposed changes Thursday to the federal program that helps pay the grocery bills for low-income pregnant women, babies and young children, including extending a bump in payments for fresh fruits and vegetables allowed during the COVID-19 pandemic. The update also adds more whole grains, canned fish

By ANNIE MA Associated Press The University of California, Berkeley’s law school on Thursday joined the law programs at Harvard and Yale in pulling out of U.S. News & World Report’s rankings over concerns that they punish efforts to attract students from a broad range of backgrounds. Deans of all three law schools said the

ALBUQUERQUE, N.M. (AP) — The U.S. government says it will protect two populations of a rare prairie bird that’s found in parts of the Midwest, including one of the country’s most prolific oil and gas fields. The lesser prairie chicken’s range covers a portion of the oil-rich Permian Basin along the New Mexico-Texas line, and

By MARCY GORDON AP Business Writer WASHINGTON (AP) — A group of Democratic senators have asked federal regulators to investigate any possible violations by Twitter of consumer-protection laws or data-security commitments. The call comes amid the tumult and mass layoffs at the platform under its new owner, billionaire owner Elon Musk. The senators also asked

By HALELUYA HADERO and STEPHEN GROVES The Associated Press NEW YORK (AP) — Several SpaceX employees who were fired after circulating an open letter calling out CEO Elon Musk’s behavior have filed a complaint accusing the company of violating labor laws. The complaint, made Wednesday to the National Labor Relations Board, details the aftermath of

The Associated Press Stocks fell on Wall Street and Treasury yields rose after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control. The Fed has been raising rates aggressively in order to tame inflation by applying the brakes to

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Bowlero, PTC fall; Cisco, Bath & Body Works rise.

The Associated Press Benchmark U.S. crude oil for December delivery fell $3.95 to $81.64 a barrel Thursday. Brent crude for January delivery fell $3.08 to $89.78 a barrel. Wholesale gasoline for December delivery fell 6 cents to $2.45 a gallon. December heating oil fell 9 cents to $3.52 a gallon. December natural gas rose 17

By DEE-ANN DURBIN AP Business Writer Krispy Kreme will pay nearly $1.2 million in back wages and damages to workers to resolve overtime pay violations under a settlement announced Thursday by the U.S. Department of Labor. The payments will go to 516 workers in multiple locations for what the labor department described as “widespread and