AP National Business

By BARBARA ORTUTAY AP Technology Writer Actions by Facebook and its parent Meta during last year’s Gaza war violated the rights of Palestinian users to freedom of expression, freedom of assembly, political participation and non-discrimination. That’s according to a new report commissioned by the social media company. The report confirms long-standing criticisms of Meta’s policies

The Associated Press Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday. The Dow Jones Industrial Average fell about half as much, and the Nasdaq composite lost 1.4%. Central banks in Europe and Asia

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Steelcase, Darden fall; Lennar, Salesforce rise.

By MARGARET STAFFORD Associated Press BNSF Railway says in a federal lawsuit that victims of an Amtrak derailment in Missouri should be required to seek settlements through arbitration, rather than filing lawsuits. Four people died and dozens more were injured when an Amtrak train collided with a pickup truck near Mendon, Missouri, on June 27.

The Associated Press Benchmark U.S. crude oil for November delivery rose 55 cents to $83.49 a barrel Thursday. Brent crude for November delivery rose 63 cents to $90.46 a barrel. Wholesale gasoline for October delivery rose 3 cents to $2.52 a gallon. October heating oil rose 8 cents to $3.41 a gallon. October natural gas

The Associated Press Federal regulators failed to show that UnitedHealth Group’s purchase of technology company Change Healthcare will likely hurt competition, a judge explained in a memo outlining his rejection of a lawsuit over the deal. The U.S. Department of Justice sued in February to block the roughly $8-billion acquisition, with regulators noting at the

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — The COVID pandemic forced most U.S. casinos to close for months, causing payrolls, revenue and earnings to tumble. But the forced shutdowns and highly regulated recoveries also taught some useful lessons that will endure even after the pandemic is a distant memory. That is according

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. government has imposed sanctions on Iran’s morality police after the death in custody of a woman who’d been accused of wearing her Islamic headgear too loosely. Thursday’s sanctions come after at least nine protesters have died in clashes with Iranian security forces since violence erupted

By COLLEEN BARRY AP Fashion Writer MILAN (AP) — After several seasons affected by coronavirus restrictions, Milan Fashion Week is back to its pre-pandemic splendor. Seats are crowded, streets are gridlocked and sidewalks are packed with fashion fans wanting a glimpse of stars and influencers.  Hundreds of fans outside Prada swooned at the arrival of

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Hungary’s governing party says it wants to poll the country’s citizens on whether they support European Union sanctions imposed against Russia over its war in Ukraine. The poll, which the government calls a “national consultation,” is an informal survey available to every adult in Hungary which

By DAVID KOENIG AP Airlines Writer FORT WORTH, Texas (AP) — A man has been arrested after allegedly punching a flight attendant during a flight from Mexico to Los Angeles. Passengers and crew members restrained the man, who was caught on video slugging an American Airlines flight attendant. The incident happened on a flight from

By STAN CHOE AP Business Writer NEW YORK (AP) — A rare bear market in bonds hasn’t gotten much attention, but it may be inflicting more pain on investors than the depressed markets for other assets like stocks and cryptocurrencies. Investment-grade bonds — those issued by governments and corporations with good credit ratings — have

MANCHESTER, England (AP) — Manchester United is set to reduce its activity in the transfer market in upcoming windows following an overhaul of the squad after the arrival of new manager Erik ten Hag. United was one of the biggest spenders in Europe in the summer transfer window with an outlay approaching $250 million on

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohl’s for what it calls a botched strategy and dramatic sales declines. Ancora, which owns 2.5% of outstanding shares in the department store chain, has

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages. The Dearborn, Michigan, automaker gave some executives new roles and said that its chief financial

Associated Press The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year. This week, central banks from Asia to England followed suit to varying degrees and using different economic tools to tame rising prices that are not isolated to

By FRANK JORDANS Associated Press BERLIN (AP) — A top Ukrainian government economist says the country’s efforts to defend itself from Russia are placing a severe financial burden on the country that it can only bear with the help of outside support. Oleg Ustenko, chief economic advisor to Ukrainian President Volodymyr Zelenskyy, said the speed

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate

By KEN SWEET AP Business Writer NEW YORK (AP) — The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues. The bank

By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market. Applications for unemployment benefits for the week ending Sept. 17 rose by 5,000 to 213,000,

By SCOTT McFETRIDGE Associated Press CHURDAN, Iowa (AP) — In the 1970s when George Naylor said he wanted to grow organic crops, the idea didn’t go over well. Back then organic crops were an oddity, destined for health food stores or maybe a few farmers markets. “I told my dad I wanted to be an

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — Lebanon’s embattled banks have decided to remain indefinitely closed after rejecting a proposed government security plan. The secretary-general of the Association of Banks in Lebanon told The Associated Press on Thursday that the banks will now have to determine their own security measures following a string of

DETROIT (AP) — Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person’s fingers when being rolled up. Tesla says in documents posted Thursday by U.S. safety regulators that the automatic window reversal system may not react correctly after detecting an obstruction. The National Highway Traffic Safety Administration

HELSINKI (AP) — Finnish and Estonian rescue officials say a crude oil tanker caught fire in the Gulf of Finland, but the crew was able to extinguish the flames. The fire broke out on the 250-meter (820-foot) ship Alexia, 18 kilometers (11 miles) south of the Finnish peninsula of Porkkala, the Helsinki Sea Rescue Command

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to take the sting out of holiday shopping. Inflation that is hovering near four-decade highs, experts believe,

By LORNE COOK Associated Press BRUSSELS (AP) — European Union officials say the world’s biggest trading bloc is determined to impose more sanctions on Russia. That’s in response to Russian attempts to annex parts of Ukraine with suspect referendums, and President Vladimir Putin’s decision to ramp up the war. But finding a consensus among member

By SYLVIA HUI Associated Press LONDON (AP) — Britain’s government has confirmed it is lifting a ban on fracking in England, arguing that the move will help boost the country’s energy security following Russia’s invasion of Ukraine. New Prime Minister Liz Truss announced within days of taking office earlier September that she will reverse a

By NICOLAS GARRIGA and SYLVIE CORBET The Associated Press SAINT-NAZAIRE, France (AP) — French President Emmanuel Macron has called for a “massive acceleration” of renewable energy development in France, including offshore wind farms and solar power. The country is lagging behind most of its European neighbors in using renewable energy. The move comes amid a

TOKYO (AP) — Japan’s central bank has intervened to stem the yen’s decline against the U.S. dollar. Earlier Thursday, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S. Federal Reserve’s decision to raise its benchmark rate by three-quarters

LISBON, Portugal (AP) — Portugal’s national airline TAP Air Portugal says hackers obtained the personal data of some of its customers and have published the information on the dark web. The flag carrier said in a statement that no payment data was taken in the cyberattack. The airline said late Wednesday that the attack began

COPENHAGEN, Denmark (AP) — Norway’s central bank has raised its key policy interest rate by a quarter-percentage point as other banks around the world also move to bring down inflation. Norges Bank said Thursday that inflation — which reached 6.5% in August — “has risen rapidly over the past months and has been far higher

By HUIZHONG WU Associated Press TAIPEI, Taiwan (AP) — Taiwan is considering an end to its quarantine requirement for all arrivals in mid-October. The island has been one of the few places in the world that has held on to a quarantine for all arrivals throughout the course of the pandemic. In recent months, it

By ZEYNEP BILGINSOY Associated Press ISTANBUL (AP) — Turkey’s central bank has delivered another massive interest rate cut despite eye-popping inflation above 80%. The action Thursday is the reverse of what other world economies are doing as they combat soaring inflation. The Turkish bank lowered its benchmark rate by 1 percentage point, to 12%. The

By KELVIN CHAN Associated Press LONDON (AP) — The Bank of England raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but despite facing inflation that outpaces other major economies, it avoided more aggressive hikes made by the U.S. Federal Reserve and other central banks. It is

By KELVIN CHAN AP Business Writer LONDON (AP) — Pubs, restaurants, breweries, retailers and other businesses across the United Kingdom are being pushed to the brink by skyrocketing energy bills. One bakery owner doubts that even a massive support package announced this week by the U.K. government will make much of a difference to businesses

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. Shanghai, Hong Kong, Seoul and Sydney declined. Oil prices edged lower. Japanese markets were closed

By JOSHUA GOODMAN Associated Press MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said. The move came after an investigation conducted at the bank board’s request determined that Mauricio Claver-Carone violated

By JOSH BOAK Associated Press WASHINGTON (AP) — The White House is reaching out to local governments. It hosted officials from North Carolina on Thursday to highlight funding opportunities and hear firsthand how coronavirus relief, infrastructure dollars and other policies are faring in communities. A key message for the visit by North Carolina officials is

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the

By TOM KRISHER AP Auto Writer DETROIT (AP) — Some Hyundai and Kia cars and SUVs are missing a “key” anti-theft device, and thieves know. An insurance industry group says these cars are stolen at nearly twice the rate of the rest of the auto industry because their keys lack computer chips for theft “immobilizer”

LOS ANGELES (AP) — Federal prosecutors say a man who ran two California-based investment companies and frequently appeared as a TV financial news analyst has been charged with securities fraud for allegedly bilking clients out of millions of dollars. James McDonald Jr. was charged Wednesday. Authorities say the former Arcadia resident is believed to be

NEW YORK (AP) — A Fox News Channel original, Trace Gallagher, will take over as anchor of the network’s newscast that airs at midnight on the East Coast. Gallagher replaces Shannon Bream, who recently took over the “Fox News Sunday” show. Gallagher, who has worked mostly as a news reporter at Fox, has been with

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A last-minute deal prevented a railroad strike for now, but many rail workers remain unhappy with working conditions. Handfuls of workers gathered outside railyards across the country Wednesday in pickets organized by a newly formed workers group separate from the 12 unions that negotiated the

By The Associated Press UNITED NATIONS (AP) — Ukrainian President Volodymyr Zelenskyy delivered the lone video speech at the U.N. General Assembly. While the summit returned fully in-person to U.N. headquarters in New York, member states overwhelmingly voted last Friday to allow the head of the war-torn nation to address the hall. But there were

By KEN RITTER Associated Press LAS VEGAS (AP) — After a decade in limbo, Nevada is pressing U.S. nuclear regulators to finally kill a mothballed proposal to entomb the nation’s most radioactive waste in the desert north of Las Vegas. A document submitted Tuesday to the Nuclear Regulatory Commission derides the Yucca Mountain plan as

ORLANDO, Fla. (AP) — A Florida man who fled the U.S. and was eventually arrested in Croatia has pleaded guilty to stealing more than $7.2 million in COVID-19 relief funds. Court records show that 46-year-old Don Cisternino pleaded guilty Tuesday in Orlando federal court to wire fraud, aggravated identity theft and illegal monetary transaction. He

BY FATIMA HUSSEIN Associated Press WASHINGTON (AP) — On the same day the Federal Reserve gave a sobering report on the U.S. economy’s trajectory, administration officials highlighted how they have kept some of the nation’s smallest businesses afloat through the pandemic. Roughly $8.28 billion has been disbursed to 162 community financial institutions across the country,

By STEPHEN SMITH Associated Press NEW ORLEANS (AP) — Actor Anthony Mackie was not carrying his Captain America shield when he returned to his hometown of New Orleans to help repair hurricane-damaged roofs but for people in his old neighborhood knowing their tarp-covered roofs were getting repaired was a blockbuster hit. Mackie is working with

By MARK PRATT Associated Press PROVIDENCE, R.I. (AP) — A federal judge says Rhode Island’s truck tolling system for funding repairs to the state’s crumbling bridges is unconstitutional and must end within 48 hours of the entry of his judgment. U.S. District Court Judge William E. Smith wrote in Wednesday’s decision tht the tolls discriminate

The Associated Press Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7% Wednesday, as did the Dow Jones Industrial Average. The Fed’s fifth rate hike of the year came in as expected, three-quarters of a percentage point, but the central

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Senate has taken major action to address climate change by ratifying an international agreement that compels the United States and other countries to limit use of hydrofluorocarbons. Those highly potent greenhouse gases are commonly used in refrigeration and air conditioning and are more powerful than carbon

The Associated Press Benchmark U.S. crude oil for November delivery fell $1 to $82.94 a barrel Wednesday. Brent crude for November delivery fell 79 cents to $89.83 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.49 a gallon. October heating oil fell 4 cents to $3.33 a gallon. October natural gas rose

By LLAZAR SEMINI Associated Press TIRANA, Albania (AP) — NATO has sent a senior-level delegation to Albania on Wednesday to help the tiny Western Balkan country cope with the consequences of recent cyberattack that the government blamed on Iran. NATO said the alliance’s deputy assistant secretary general led a team of experts to offer the

By MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — South African President Cyril Ramaphosa has an urgent meeting scheduled with his Cabinet to discuss an electricity crisis which has led to unprecedented levels of nationwide power blackouts. The troubled state-owned power utility Eskom is implementing scheduled, rolling blackouts in an attempt to save electricity while struggling

By ALEXANDRA OLSON AP Business Writer NEW YORK (AP) — Home Depot workers in Philadelphia have filed a petition with the federal labor board to form what could be the first store-wide union at the world’s largest home improvement retailer. The petition, filed with the National Labor Relations Board, seeks to form a collective bargaining

GRAND RAPIDS, Mich. (AP) — A judge has given tentative approval to a $54 million settlement involving 3M Co., a shoe manufacturer and property owners in western Michigan. They say their land and wells were contaminated by toxic “forever chemicals.” The deal involves approximately 1,700 properties north of Grand Rapids. The compounds are in a

By MICHAEL R. SISAK and LARRY NEUMEISTER Associated Press NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that

By COLLEEN BARRY AP Fashion Writer MILAN (AP) — Milan Fashion Week opened Wednesday with a sense of renewal. The calendar returned to near pre-COVID levels with 68 runway shows, 104 presentations and 30 events.  A crop of new designers fill the five-day calendar, including many of color for perhaps the most diverse week of

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — The state of Maine and a fishing group are appealing a federal judge’s decision that new rules intended to protect endangered whales must stand. The judge earlier this month denied a request from fishermen to stop federal regulators from placing the new restrictions on lobster fishing.

By MALAK HARB Associated Press DUBAI, United Arab Emirates (AP) — The United Arab Emirates has called on its courts to begin enforcing the judgements of British courts, in a move that could affect the city of Dubai’s status as a haven for the world’s wealthy. The decision affects all noncriminal civil, financial and marital

By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. The nationwide average price for a gallon ticked up less

By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable. The National Association of Realtors said Wednesday that existing home sales fell 0.4% last month from July to a seasonally

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers. Walmart said Wednesday it is now focusing on hiring seasonal workers only, rather than permanent workers. Just like

COLUMBIA, S.C. (AP) — A 63-year-old worker died in the public bathroom of a South Carolina department store, but her body was not discovered for four days, authorities said. Bessie Durham, who worked for an outside company that cleans the Belk store at Columbiana Centre, was found dead Monday, investigators said. Her cleaning cart was

By DUSAN STOJANOVIC Associated Press BELGRADE, Serbia (AP) — Large numbers of Russians have rushed to book one-way tickets out of the country after Russian President Vladimir Putin announced a partial mobilization of military reservists for the war in Ukraine. Flights filled up quickly and the prices of airline tickets skyrocketed on Wednesday, apparently driven

OREGON, Ohio (AP) — Officials say a fire at an oil refinery in Ohio killed two people and the facility has been shut down. The fire started Tuesday night at BP’s Husky Toledo Refinery. There is no word on how it started or the extent of the damage. A BP spokesperson said Wednesday the two

BRUSSELS (AP) — Thousands have gathered in Belgium to protest against skyrocketing electricity, natural gas and food prices. Trade unions and city police say that around 10,000 people took part in Wednesday’s demonstration. People from across the country marched behind banners reading “Life is much too expensive” or carrying placards marked “Freeze prices.” A Belgian

By The Associated Press DUBAI, United Arab Emirates (AP) — Iranians experienced a near-total internet blackout on Wednesday amid days of mass protests against the government over the death of a woman held by the country’s morality police for allegedly violating its strictly-enforced dress code. An Iranian official had earlier hinted that such measures might

By COLLEEN BARRY AP Fashion Writer MILAN (AP) — The Milan Fashion Week opening Wednesday celebrates perhaps its most diverse season ever. The five-day calendar is showcasing collections by perhaps its most diverse lineup of designers, including the new creative directors at Salvatore Ferragamo and Bally and the return of Haitian-Italian designer Stella Jean after

By SAM KEMMIS of NerdWallet Airbnb hosts are facing an onslaught of frustrations born of renting out their properties to short-term guests. Certain guests have proven disrespectful of hosts’ homes, with some squatting illegally — and getting away with it — and others trashing properties with Silly String, feces and more. Even if guests are

By MUNIR AHMED Associated Press ISLAMABAD (AP) — Officials say the devastating floods in Pakistan’s worst-hit province have killed 17 more people in the past 48 hours, including nine children. The U.N. children’s agency meanwhile renewed its appeal for $39 million to help the most vulnerable flood victims. UNICEF said in a statement on Wednesday

By EILEEN NG Associated Press KUALA LUMPUR, Malaysia (AP) — The parents of a Malaysian man who died after falling prey to a human trafficking scheme have appealed to the government to rescue other scam victims trapped in Myanmar and Cambodia. Goi Zhen Feng left for Bangkok in January to meet a woman he had

By RONALD MONTOYA Edmunds Look into just about any new car and you’ll either find a touchscreen or “virtual buttons” that seek to approximate the function of a mechanical button. The appeal of touchscreens and virtual buttons on new cars is to make the vehicle appear sleeker and pack more features into limited dashboard real

By CIARÁN GILES Associated Press MADRID (AP) — Gibraltar Port authorities say they are working to mitigate the impact of a new oil leak from a partly sunken ship in its bay area. Bad weekend weather triggered the leak, which is affecting fishing in both the British territory and in a town in nearby in

By KEN SWEET AP Business Writer WASHINGTON (AP) — The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing. JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser and other chief executives said the U.S.

MADRID (AP) — Spain has fined delivery company Glovo nearly 79 million euros ($78 million) for violating a 2021 law that obliged app-based food delivery platforms to make their riders full employees. Spanish Labor Minister Yolanda Díaz said Glovo had continued to treat some 10,000 regular riders as self-employed workers when they should have been

By FRANK JORDANS Associated Press BERLIN (AP) — Hundreds of police have raided 24 properties across Germany linked to Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, in connection with alleged breaches of sanctions and money laundering rules. Prosecutors in Frankfurt and Munich said Wednesday in separate statements that some 250 state

By SYLVIA HUI Associated Press LONDON (AP) — Britain’s government says it will cap wholesale energy bills for businesses this winter to ensure companies don’t go bust amid soaring energy prices. Authorities said the government will pick up nearly half of all business energy bills for six months starting Oct. 1. Officials haven’t said the

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Indigenous traditional owners have won a court challenge that prevents an energy company from drilling for gas off Australia’s north coast. The Federal Court decision on Wednesday against Australian oil and gas company Santos Ltd. is a major win for Indigenous rights. The traditional owner of

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices gained. Wall Street’s benchmark S&P 500 index fell

By FRANK JORDANS Associated Press BERLIN (AP) — The German government says it’s agreed to nationalize the country’s biggest natural gas importer, Uniper, expanding state intervention in the industry to prevent an energy shortage resulting from Russia’s war in Ukraine. The deal with Uniper announced Wednesday builds on a rescue package agreed to in July

By KARL RITTER Associated Press KYIV, Ukraine (AP) — Russian President Vladimir Putin ordered a partial mobilization of reservists Wednesday to bolster his forces in Ukraine, a deeply unpopular move that sparked rare protests across the country and led to almost 1,200 arrests. The risky order follows humiliating setbacks for Putin’s troops nearly seven months

By MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) — The campaign that could bring legalized sports betting to California is the most expensive ballot-initiative fight in U.S. history at about $400 million and counting, pitting wealthy Native American tribes against online gambling companies and less-affluent tribes over what’s expected to be a multibillion-dollar marketplace.

By CORA LEWIS Associated Press NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual

By ELAINE KURTENBACH AP Business Writer The Asian Development Bank has downgraded its forecasts for growth in the region, citing the war in Ukraine, rising interest rates to combat decades-high inflation, and China’s slowing economy. The Manila, Philippines-based development lending agency revised its estimate for growth in developing Asian economies to 4.3%, down from an

CHICAGO (AP) — A Chicago state senator has been indicted on federal charges that he sought a bribe to oppose legislation that would have required a statewide evaluation of red-light camera systems. Prosecutors said Tuesday that Sen. Emil Jones III, the latest public official implicated in the bribery scheme, also is charged with lying to

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Water.org announced a $1 billion plan Tuesday to help 100 million people in Africa, Asia and Latin America get lasting access to water and sanitation. The Water.org Water & Climate Fund, unveiled at the Clinton Global Initiative conference in New York, plans to use $50