AP National Business

By TOM KRISHER AP Auto Writer General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025. That will come as it boosts battery and assembly plant capacity to build over 1 million EVs per year. CEO Mary Barra used the pledge to kick off the company’s investor day

By DIANE JEANTET and DAVID BILLER Associated Press RIO DE JANEIRO (AP) — Brazilian investors are showing concern over President-elect Luiz Inácio Lula da Silva’s promises to sustain a massive welfare program, increase the minimum wage and boost health and education spending. Da Silva’s transition team on Wednesday night presented Congress with an outline of

By MATT OTT AP Business Writer WASHINGTON (AP) — The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months. Mortgage buyer Freddie Mac reported Thursday that the

By DEE-ANN DURBIN AP Business Writer A coalition of consumer groups is asking grocery chains to rethink their digital-only coupons. Consumer Reports, Consumer World and others say the deals discriminate against people who don’t have smartphones or reliable internet access. Digital-only deals are advertised online or on store shelves. They can offer significant savings, but

By CHRISTOPHER RUGABER AP Economics Writer The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, That’s according to James Bullard, who leads the Federal Reserve Bank of St. Louis. Bullard’s comments raised the prospect that the Fed’s rate hikes will make borrowing

By ZEN SOO AP Technology Writer HONG KONG (AP) — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. Alibaba reported net losses of 20.6 billion yuan ($2.89 billion) that it said was due to

ATHENS, Greece (AP) — Thousands of people have marched through central Athens, accompanied by a heavy police presence, to mark the anniversary of a 1973 student uprising that was brutally crushed by Greece’s military dictatorship at the time. The anniversary is observed each year with marches to the U.S. Embassy and have often, though not

By KEN SWEET and MICHELLE CHAPMAN The Associated Press NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency

By MATT OTT AP Business Writer WASHINGTON (AP) — The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market. Applications for jobless claims for the week ending Nov. 12 fell

DETROIT (AP) — Stellantis is recalling nearly 250,000 heavy duty diesel Ram pickups in the U.S. because transmission fluid can leak and cause engine fires. The recall covers certain 2020 to 2023 Ram 2500 and some 2020 through 2022 Ram 3500 trucks. All have 6.7-liter Cummins diesel engines and 68-RFE transmissions. The company says heat

By STAN CHOE AP Busines Writer NEW YORK (AP) — Corporate profits have withstood raging inflation over much of the last year, but those good times may be ending. Profits stayed fat even as companies’ costs rose thanks to one simple trick: Businesses boosted the prices they charged customers by more than their own costs

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Results from Macy’s, Kohl’s and Gap have further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season. A day after Target reported a sharp drop in quarterly profits, it’s clear that inflation-hit shoppers in the last few weeks were

By SUZAN FRASER and COURTNEY BONNELL Associated Press ANKARA, Turkey (AP) — A wartime agreement that unblocked grain shipments from Ukraine and helped temper rising global food prices will be extended by four months. The announcement Thursday from United Nations and other parties to the deal prevents a price shock to some of the world’s

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. After being convicted of investor fraud and conspiracy earlier this year Holmes’ sentencing

By ANDREW SELIGMAN and JOHN WAWROW AP Sports Writers ARLINGTON HEIGHTS, Ill. (AP) — With the galloping horses long gone, the Chicago Bears see 326 acres of opportunity at the shuttered Arlington International Racecourse. The Buffalo Bills also are making plans for a new home. Same for the Tennessee Titans and baseball’s Kansas City Royals,

LONDON (AP) — The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security. Nexperia announced last year that it had acquired a 100% stake in semiconductor manufacturer Newport Wafer Fab. The U.K. government said late Wednesday that Business Secretary Grant Shapps had issued an

By MIKE CORDER and RAF CASERT Associated Press SCHIPHOL, Netherlands (AP) — A Dutch court has convicted three men of murder for their role in shooting down a Malaysia Airlines passenger jet with a Russian surface-to-air missile, killing all 298 people aboard, as the aircraft flew over a separatist-controlled region of eastern Ukraine in 2014.

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korean President Yoon Suk Yeol hopes for greater cooperation with Saudi Arabia, including on its $500 billion futuristic desert city project. Yoon met the kingdom’s powerful Crown Prince Mohammed bin Salman on Thursday. It was the prince’s first visit to South Korea since 2019.

By DEE-ANN DURBIN AP Business Writer Starbucks workers at more than 100 U.S. stores are on strike Thursday in their largest labor action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers who order

By ZEN SOO Associated Press HONG KONG (AP) — American game developer Blizzard Entertainment said Thursday it will suspend most of its game services in mainland China after current licensing agreements with Chinese game company NetEase end, sending NetEase’s shares tumbling. Blizzard, which partnered with NetEase in 2008 to offer popular games such as World

By STEPHEN McGRATH and CRISTIAN JARDAN Associated Press CHISINAU, Moldova (AP) — Massive blackouts that temporarily hit more than a half-dozen cities across Moldova this week have highlighted the impact Russia’s war in Ukraine is having on Europe’s poorest country. The power outages happened Tuesday as the Russian military pounded infrastructure targets across the border

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI Associated Press LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief Jeremy Hunt unveiled a 55

By VANESSA GERA Associated Press WARSAW, Poland (AP) — The long border between Finland and Russia runs through thick forests and is marked only by wooden posts with low fences meant to stop stray cattle. Soon, a stronger, higher fence will be erected on parts of the frontier. Earlier this month, Polish soldiers began laying

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — The Sri Lankan government is being urged to drop charges against two protest leaders detained for more than three months following the anti-government demonstrations that engulfed the island nation earlier this year. Amnesty International also renewed its call for Sri Lanka to repeal the harsh,

By EVELYNE MUSAMBI Associated Press NAIROBI, Kenya (AP) — Authorities say two people have died after a multi-story building under construction collapsed on a neighbor’s home on the outskirts of Kenyan capital Nairobi. Three other people have been rescued alive from the family home that was next to the collapsed building located in Ruaka suburb.

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Russian airstrikes have targeted Ukraine’s energy facilities as the first snow of the season fell in Kyiv. The freezing weather on Thursday is a harbinger of the hardship to come if Moscow’s missiles keep taking out Ukraine’s power and gas plants. Separately, the United Nations announced

By GILLIAN FLACCUS Associated Press PORTLAND, Ore. (AP) — U.S. regulators approved a plan Thursday to demolish four dams on a California river and open up hundreds of miles of salmon habitat that would be the largest dam removal and river restoration project in the world when it goes forward. The Federal Energy Regulatory Commission’s

By JOE McDONALD Associated Press BEIJING (AP) — China’s southern metropolis of Guangzhou plans to build quarantine facilities with almost 250,000 beds to help fight surging coronavirus outbreaks. The announcement comes as the national government tries to reduce the impact of anti-disease controls that have confined millions of people to their homes. Guangzhou reported almost

By ELAINE KURTENBACH and CHALIDA EKVITTHAYAVECHNUKUL Associated Press BANGKOK (AP) — Pacific Rim leaders are seeking common ground on the war in Ukraine and other dire threats to humankind in an annual meeting that began Friday in Bangkok. The annual summit of the 21-member Asia-Pacific Economic Cooperation forum is the last of three back-to-back meetings

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan marked a trade deficit for the 15th month in a row in October as both imports and exports reached record highs. It comes as the costs of energy and food soar and the yen stumbles. The deficit at 2.16 trillion yen, or $15 billion, is

By JOHNSON LAI and JOE McDONALD Associated Press TAIPEI, Taiwan (AP) — Taiwan’s envoy to APEC is the 91-year-old billionaire founder of a computer chip manufacturing giant that operated behind the scenes for decades before being thrust into the center of U.S.-Chinese tension over technology and security. Morris Chang’s dual roles highlight the clash between

By DAVID FISCHER and JOSHUA GOODMAN Associated Press MIAMI (AP) — Federal prosecutors have charged eight people with smuggling endangered monkeys , including a Cambodian wildlife official who was arrested in the U.S. while traveling to a conference on protecting endangered species. Long-tailed macaques, sometimes known as crab-eating macaques, are protected under international trade law

By LEANNE ITALIE AP Entertainment Writer NEW YORK (AP) — They were supposed to be birthday presents. They were supposed to be Christmas presents. They were supposed to be the most special of special treats for young fans of Taylor Swift. Instead, for many parents, the hours-long Ticketmaster debacle they endured Tuesday trying to score

MONTGOMERY, Ala. (AP) — Arizona-based First Solar Inc. has selected Alabama as the site of a more than $1 billion factory that will manufacture modules that generate solar power. A company statement says the plant will be located in Lawrence County in the Tennessee Valley region and will create more than 700 jobs. It’s part

By COLLEEN SLEVIN Associated Press DENVER (AP) — A class-action federal lawsuit is accusing 11 of the United States’ largest beef and pork producers of conspiring to depress wages and benefits for its workers. The lawsuit was filed in federal court in Denver last week. It alleges that the producers have worked together since at

By DAVID KLEPPER Associated Press Donald Trump’s suspension from Facebook and Instagram will stand for now despite his candidacy for president. Meta, which owns both platforms, said Wednesday it had no plans to lift the ban on Trump, which was imposed after the Jan. 6, 2021, attack on the U.S. Capitol. Trump may not have

The Associated Press Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 lost 0.8% Wednesday. The Nasdaq fell 1.5%, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower. Target fell sharply after delivering a dismal financial report. Target

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $23.51 to $155.47. The retailer reported an unexpectedly big drop in third-quarter profit as customers curtailed spending ahead of the holiday shopping season. Lowe’s Companies Inc., up $6.29 to $215.13. The home-improvement retailer reported strong third-quarter financial results.

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Christopher Waller, a key Federal Reserve official, added his voice to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December. Waller, a member of the Fed’s Board of Governors,

By KEN SWEET AP Business Writer NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the

By JOSHUA GOODMAN Associated Press MIAMI (AP) — A company with an office in Houston and another owned by two American citizens appear to be helping Venezuela bypass U.S. sanctions and quietly transport millions in petroleum products aboard an Iranian-built tanker, The Associated Press has learned. The sanctions evasion effort is centered around an idled

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various

The Associated Press Benchmark U.S. crude oil for December delivery fell $1.33 to $85.59 a barrel Wednesday. Brent crude for January delivery fell $1 to $92.86 a barrel. Wholesale gasoline for December delivery fell 1 cent to $2.51 a gallon. December heating oil fell 3 cents to $3.61 a gallon. December natural gas rose 17

By DAVID KLEPPER Associated Press A new Senate report is criticizing the FBI and the Department of Homeland Security for not doing enough to track domestic extremists. The report issued Wednesday by the Senate Homeland Security panel caps three years of hearings by the panel into the threat of domestic extremism. It recommends better coordination

WASHINGTON (AP) — Pilots of hot air balloons carrying paying passengers will need medical certificates, just like pilots of other kinds of commercial aircraft. That’s according to a final rule that the Federal Aviation Administration adopted Wednesday. The rule comes four years after Congress passed a law including the requirement for balloon pilots to get

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services Committee said Wednesday that it expects to

WASHINGTON (AP) — The Energy Department on Wednesday awarded nearly $74 million from the bipartisan infrastructure law for 10 projects to advance recycling and reuse of batteries for electric vehicles and other purposes. The funding will go to academic and commercial applicants in seven states, including four in California. Other grant winners are in Nevada,

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — An international nonprofit organization that sets sustainability standards for commercial fishing management has suspended a certification it awarded Maine’s lobster industry over concerns about harm to whales. Representatives for the London-based Marine Stewardship Council said Wednesday that the suspension of the Gulf of Maine lobster fishery’s

By JOVANA GEC Associated Press BELGRADE, Serbia (AP) — Austria, Hungary and Serbia have held another top-level meeting dedicated to curbing migration, including by sending more than 100 police officers, vehicles equipped with night vision cameras and drones to the border with North Macedonia. Austria and Hungary also on Wednesday pledged to help Serbia organize

By RANDALL CHASE AP Business Writer WILMINGTON, Del. (AP) — Tesla CEO Elon Musk is defending himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk appeared in a Delaware courtroom Wednesday. He denied that he dictated terms

ORLANDO, Fla. (AP) — Walt Disney World has picked a developer to construct and operate an affordable housing development for which the entertainment company is donating 80 acres of land. Company officials said Wednesday that The Michaels Organization will build, own and operate the 1,300 unit development. Its goal is to ease the housing market

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — It’s looking more like a recession is coming in Europe. That’s the takeaway from a financial stability report that the European Central Bank released Wednesday. The monetary authority for the 19 countries that use the euro currency says a downturn later this year and lasting

By DEE-ANN DURBIN AP Business Writer Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. Higher production costs are only part of the reason; disease, rough weather and the war in Ukraine are also contributors. Turkey supplies are at

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales rose 1.3% in October from September, up

By JILL LAWLESS Associated Press LONDON (AP) — Britain’s domestic spy chief says the country faces major security threats from the trio of Russia, China and Iran which all use coercion, intimidation and violence to pursue their interests. MI5 director Ken McCallum added to mounting warnings from U.K. authorities about Russia’s aggression and China’s growing

By LEANNE ITALIE AP Entertainment Writer NEW YORK (AP) — Here’s the sitch, Scrabble stans. Your convos around the board are about to get more interesting with about 500 new words and variations added to the game’s official dictionary: stan, sitch, convo, zedonk, dox and fauxhawk among them. Out this month, the add-ons in the

By LORNE COOK Associated Press BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg says a blast in Poland that killed two people probably wasn’t an attack by Russia. He said Wednesday that it appears to have been caused by a Ukrainian air defense system meant to counter a Russian aerial bombardment. His remarks came after NATO

By MICHELLE CHAPMAN AP Business Writer NEW YORK (AP) — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, says he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder

By DAVID KOENIG AP Business Writer Airbnb is looking for more people to turn their homes into short-term rentals. The company said Wednesday that it is rolling out a simpler process of enrolling, with online help from a “superhost.” And it’s increasing the amount of liability coverage to attract owners of nicer houses in high-cost

By KRISTIN SHAW Edmunds Cadillac unveiled the CT4-V Blackwing as a new-for-2022 version of the CT4 sedan, which the luxury brand debuted in 2020. As the Blackwing, Cadillac’s sporty sedan can hold its own against European rivals. That includes the ferocious BMW’s M3, which has been a staple in the German brand’s lineup for decades.

By SALLY FRENCH of NerdWallet If you want to save money and avoid the airport crowds during the holiday season, you’ll want to fly on the holiday itself or several days before and after it. NerdWallet analyzed the Transportation Security Administration’s data of passengers screened at U.S. airports and found the Sunday after Thanksgiving and

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — Among the bitter lessons that Ukrainians have had to learn in the nearly nine months since Russia invaded is that what’s here today can be destroyed tomorrow and that nothing in war can be taken for granted. Except perhaps the national rail company. It proudly boasts

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation. CEO Brian Cornell says sales weakened

By FRANK JORDANS, SAMY MAGDY and SETH BORENSTEIN Associated Press SHARM EL-SHEIKH, Egypt (AP) — With an end-of-the-week deadline rushing at them faster than agreements are coming out of them, negotiators at the U.N. climate summit were in a difficult spot Wednesday. Talks in the Red Sea resort of Sharm el-Sheikh got off to a

By ADAM SCHRECK and FOSTER KLUG Associated Press NUSA DUA, Indonesia (AP) — Members of the Group of 20 leading economies have firmly condemned the war in Ukraine and warned that the conflict is worsening the global economy. The statement at the end of their summit in Indonesia was noteworthy because world leaders managed to

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil prices fell. Market watchers noted worries about

By DANICA KIRKA Associated Press LONDON (AP) — Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday. The Office for National Statistics said Wednesday that consumer prices rose 11.1% in the

By VASILISA STEPANENKO Associated Press PRZEWODOW, Poland (AP) — NATO member Poland and the head of the military alliance both said Wednesday that a missile strike in Polish farmland that killed two people appeared to be unintentional and was probably launched by air defenses in neighboring Ukraine. Russia had been bombarding Ukraine at the time

By YURI KAGEYAMA and TOM KRISHER AP Business Writers TOKYO (AP) — The new Toyota gas-electric Prius hybrid not only comes with more power, acceleration and driving range. It’s also more stylish, scrapping the rather stodgy angular body for a sleekly futuristic look. Simon Humphries, senior general manager of Global Toyota design who unveiled the

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A space capsule hurtled toward the moon Wednesday for the first time in 50 years, following a thunderous launch of NASA’s mightiest rocket in a dress rehearsal for astronaut flights. No one was on board this debut flight, just three test dummies. The capsule

By ANDREW WELSH-HUGGINS Associated Press COLUMBUS, Ohio (AP) — A federal judge has handed down a 20-year prison sentence to a Chinese national convicted of trying to steal trade secrets from U.S. aviation and aerospace companies. Prosecutors allege that beginning in 2013, Yanjun Xu recruited experts who worked at aviation companies, including GE Aviation. They

By MICHAEL HILL Associated Press Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. “I don’t even know

By KEN MORITSUGU Associated Press BEIJING (AP) — Chinese authorities locked down a major university in Beijing on Wednesday after finding one COVID-19 case as they stick to a “zero-COVID” approach despite growing public discontent. Peking University students and faculty were not allowed to leave the grounds unless necessary and classes on the main campus

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Kevin Costner can comfortably boast of being television’s biggest star right now. His ‘Yellowstone’ returned for a fifth season on Sunday, and even though it was on a cable network, it was the most-watched episode of scripted television on TV this fall. The Paramount network

VAN WERT, Ohio (AP) — Vandalism freed thousands of mink at a rural northwest Ohio farm, leaving an estimated 10,000 of the small carnivorous mammals unaccounted for Tuesday evening, the local sheriff said. So many minks were killed crossing a nearby road that a plow was brought in to help clear the carcasses away, said

By MIKE CORDER and ALEKSANDAR FURTULA Associated Press SCHIPHOL, Netherlands (AP) — A Dutch court is set to deliver verdicts Thursday in the trial of three Russians and a Ukrainian rebel for their alleged roles in the shooting down of Malaysia Airlines Flight 17 over conflict-torn eastern Ukraine in 2014. A total of 298 people

By LISA RATHKE Associated Press Ben & Jerry’s board of directors has rebuked the sale of products bearing any of the ice cream maker’s insignia in West Bank settlements. It’s the latest salvo in the Vermont-based company’s feud with its corporate parent over ice cream sales in the territories. Last year Ben & Jerry’s board

The Associated Press Estee Lauder is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion. As part of the deal, Ermenegildo Zegna Group and Marcolin will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively. Estée Lauder is expected to pay roughly $2.3 billion, after a $250 million

By BERNARD CONDON Associated Press NEW YORK (AP) — Donald Trump’s company is licensing its name to a golf resort in Oman in the first of what it hopes will be several overseas deals, raising conflicts-of-interest issues as the former president has announced a third run for the White House. The Trump Organization says the

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — The U.S. government says it will provide Puerto Rico with temporary electric generation via barges as the island’s power grid continues to disintegrate, leading to an increase in widespread outages. Puerto Rico Gov. Pedro Pierluisi said Tuesday that the move will allow crews to

By KEN SWEET and THALIA BEATY The Associated Press NEW YORK (AP) — Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be. Users remain frustratingly in the dark about when they might get their funds back, if at all. They’re directing

The Associated Press Stocks are closing higher, boosted by more signs the nation’s high inflation may be falling off faster than expected. But a flare-up of worries about the war in Ukraine kept Wall Street shaky Tuesday and undercut much of its big morning gains. The S&P 500 rose 0.9%. Earlier in the day, it

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Walmart Inc., up $9.05 to $147.44. The retailer reported strong third-quarter financial results and raised its profit forecast for the year. Home Depot Inc., up $5.01 to $311.93. The home-improvement retailer beat Wall Street’s third-quarter profit and revenue forecasts. Azenta Inc.,

By JOHN HANNA AP Political Writer TOPEKA, Kan. (AP) — Kansas voters have narrowly rejected a proposal that would have given the Republican-controlled Legislature a bigger say over how the state regulates businesses and sets environmental and public health rules. The Associated Press called the election on Tuesday. The failed amendment to the Kansas Constitution

The Associated Press Benchmark U.S. crude oil for December delivery rose $1.05 to $86.92 a barrel Tuesday. Brent crude for January delivery rose 72 cents to $93.86 a barrel. Wholesale gasoline for December delivery fell 1 cent to $2.52 a gallon. December heating oil rose 10 cents to $3.64 a gallon. December natural gas rose

By RANDALL CHASE AP Business Writer WILMINGTON, Del. (AP) — The head of Tesla’s board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job. Robyn Denholm testified Tuesday in a shareholder

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — A small business lobbying group has filed suit to block the Treasury Department’s upcoming requirement that tens of millions of small businesses register with the government as part of an effort to prevent the criminal abuse of anonymous shell companies. The National Small Business Association argues that

By The Associated Press World Cup host nation Qatar said Tuesday it will count emissions produced from daily flights ferrying fans during the tournament between the Gulf emirates toward the event’s overall carbon footprint. Qatar has claimed the upcoming tournament will be “carbon neutral,” but environmental experts have questioned its accounting. Qatar’s environment minister Sheikh

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. is imposing sanctions on firms and entities accused of being involved in the transfer of Iranian drones to Russia for use in Vladimir Putin’s ongoing invasion of Ukraine. The penalties and diplomatic restrictions come as part of the most recent effort by the United States

MONACA, Pa. (AP) — Years in the works, a massive petrochemical refinery in western Pennsylvania fed by the vast natural gas reservoir underneath Appalachia is fully operational. Oil and gas giant Shell plc said Tuesday that the refinery will produce 3.5 billion pounds of polyethylene annually when it ramps up to full production by the

By WAYNE PARRY Associated Press OCEAN CITY, N.J. (AP) — The offshore wind power energy has ambitious plans for generating electricity for millions of American homes. But it faces opposition from local residents in many places that could significantly slow down a national goal to power 10 million homes with wind energy by 2030. One

By TOM KRISHER AP Auto Writer DETROIT (AP) — Gas-electric hybrids were the most dependable vehicles sold in the U.S. in the past year, while big pickup trucks and fully electric automobiles performed the worst in Consumer Reports’ annual reliability survey. The nonprofit group said Tuesday that Hybrids generally are tried-and-true designs with few frills,

By JIM HEINTZ Associated Press MOSCOW (AP) — A show of prison artwork by a Russian arms trader serving 25 years in the United States and the focus of speculation about a prisoner swap that could free WBNA star Brittney Griner has opened at the upper chamber of the Russian parliament. The exhibition at the

By LLAZAR SEMINI Associated Press TIRANA, Albania (AP) — Albania’s prime minister says Britain is carrying out a “calculated attack” on his country by blaming it for the increased number of immigrants crossing the English Channel illegally. Edi Rama on Tuesday said that the new British Cabinet was scapegoating Albanians because it “has gone down

By CRISTIAN JARDAN and STEPHEN McGRATH Associated Press CHISINAU, Moldova (AP) — Moldova has reported “massive power outages across the country” after Russian military strikes on Ukraine’s energy infrastructure downed a key power line that supplies the small nation. Moldova’s infrastructure minister made the announcement in a statement Tuesday. The minister noted that the downed