AP National Business

By SARA RATHNER of NerdWallet When scary economic news is everywhere, your impulse might be to hunker down with your money until things improve. But adopting a scarcity mindset, where you believe there’s a limited amount of resources — whether or not that’s actually true for you — can get in the way of making

By NINIEK KARMINI Associated Press JAKARTA, Indonesia (AP) — Indonesia’s president has called on all citizens to remain united, vigilant and alert as they face crises caused by the war in Ukraine and coronavirus pandemic. In an address Tuesday, the eve of the country’s independence, President Joko Widodo told members of parliament and top officials

By MICHELLE CHAPMAN AP Business Writer Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home improvement projects. Revenue for the three months ended July 31 rose 6.5% to $43.79 billion. This beat the $43.35 billion that analysts surveyed by Zacks Investment Research were calling for. Sales

BEIJING (AP) — Unusually high temperatures and a prolonged drought are affecting large swaths of China, reducing crop yields and drinking water supplies. The lack of rain has been especially marked in the southwestern megacity of Chongqing, which encompasses a large area of mountains and rivers. State media say fire trucks are delivering water to

BERLIN (AP) — Police in Germany says one person has died and nine were seriously injured after a test car with autonomous steering capability veered into oncoming traffic. A spokesman for police in the southwestern town of Reutlingen said Tuesday that the electric BMW iX with five people on board swerved out of its lane

SEOUL, South Korea (AP) — Bill Gates is calling for South Korea to become more involved in international efforts to prevent infectious diseases like COVID-19 and is stressing the need for the world to be better prepared for the next pandemic. Gates was speaking to South Korea’s National Assembly on Tuesday. He noted South Korea’s

By CARA ANNA Associated Press NAIROBI, Kenya (AP) — Opposition figure Raila Odinga said Tuesday that he would challenge the results of Kenya’s close presidential election with “all constitutional and legal options” after Deputy President William Ruto was declared the winner, bringing new uncertainty to East Africa’s most stable democracy. Now the country faces weeks

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth. Benchmarks rose in morning trading in Japan, China and Australia, although shares dipped slightly in South Korea. Analysts warned major risks remain,

By FRANCES D’EMILIO Associated Press ROME (AP) — With a message that blends Christianity, motherhood and patriotism, Giorgia Meloni is riding a wave of popularity that next month could see her become Italy’s first female prime minister and its first far-right leader since World War II. Even though her Brothers of Italy party has neo-fascist

PUTRAJAYA, Malaysia (AP) — Malaysia’s top court has ordered former Prime Minister Najib Razak to begin his final appeal on Thursday after rejecting his request to throw out his graft conviction and 12-year sentence over potential judicial bias. The Federal Court said Tuesday it wasn’t convinced the judge was biased in his ruling against Najib.

By AYA BATRAWY Associated Press With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an

By ZEKE MILLER and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden signed Democrats’ landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple during the second quarter. But it also invested billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful

By The Associated Press The Federal Aviation Administration says it is reducing flights in the area around New York City because of lack of staffing. The agency says departing and arriving flights could be delayed up to two hours Monday at John F. Kennedy International, LaGuardia and Newark Liberty International airports. The FAA says passengers

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Dollar General faces nearly $1.3 million in penalties after government inspectors visited three of the chain’s stores in Georgia earlier this year and found worker-safety violations. The Occupational Safety and Health Administration says inspectors found obstructed exit routes, boxes of merchandise stacked unsafely and electrical

The Associated Press Stocks recovered from early losses and ended higher on Wall Street. Investors remain focused on the economy and upcoming reports from retailers this week. The S&P 500 rose 0.4% Monday after stumbling in early trading. The Dow Jones Industrial Average and Nasdaq also extended last week’s gains. Oil prices dropped sharply on

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Unity Software, Turquoise Hill fall; Gilead, Moderna rise.

By DEE-ANN DURBIN AP Business Writer Kraft Heinz is recalling thousands of pouches of Capri Sun in the U.S. after some cleaning solution accidentally mixed with the juice on a production line. The company said it’s recalling about 5,760 cases of Capri Sun Wild Cherry flavored juice blend. The “Best When Used By” date on

Associated Press The top executive at Pfizer, a leading producer of COVID-19 vaccines, has tested positive for the virus and says he is experiencing very mild symptoms. Chairman and CEO Albert Bourla said that he started taking Pfizer’s Paxlovid pill treatment, and he’s staying in isolation while he recovers. Bourla said Monday in a brief

By SAM METZ and FELICIA FONSECA Associated Press SALT LAKE CITY (AP) — Banks along parts of the Colorado River where water once streamed are now just caked mud and rock as climate change makes the Western U.S. hotter and drier. More than two decades of drought have done little to deter the region from

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. has imposed sanctions on three high-ranking Liberian government officials for engaging in alleged public corruption. President George Weah’s chief of staff, the nation’s chief prosecutor and the current managing director of the national port authority have been designated by the Treasury Department’s Office of Foreign

STOCKHOLM (AP) — Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices. The Scandinavian country’s statistics agency said Monday that Norwegian exports reached 229 billion kroner ($24 billion) last month. That’s 0.4% higher than the previous record set in March. Norway’s trade surplus of 153.2 billion kroner

By DEE-ANN DURBIN AP Business Writer Starbucks on Monday asked the National Labor Relations Board to temporarily suspend all union elections at its U.S. stores, citing allegations from a board employee that regional NLRB officials improperly coordinated with union organizers. In a letter to the board chairman and other officials, Starbucks said the unnamed career

By MEAD GRUVER Associated Press GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer. But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly two miles (3.2 kilometers) into

The Associated Press Walmart reports its second-quarter results Tuesday. The Federal Reserve releases the minutes from its most recent interest rate policy meeting Wednesday. The National Association of Realtors issues its July snapshot of U.S. home sales Thursday.

PUTRAJAYA, Malaysia (AP) — Malaysia’s top court has begun hearing a final appeal by former Prime Minister Najib Razak to toss out his graft conviction linked to the massive looting of the 1Malaysia Development Berhad state fund. He would become Malaysia’s first former prime minister to be imprisoned if his case fails. Najib has reiterated

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s central bank has trimmed a key interest rate to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is believed to be trying to extend his hold on power. The ruling Communist Party has acknowledged it can’t hit this year’s

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan has reported its economy grew at an annual rate of 2.2% in the last quarter as consumer spending rebounded with an easing of pandemic precautions. The of a nation’s products and services, expanded 0.5% from January-March, during which the economy had stayed flat, according to

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that the continued decline comes as crude oil costs also remain low. The average price at the pump is down a dollar

By JAKE COYLE AP Film Writer NEW YORK (AP) — Sunday studio estimates say the Brad Pitt action film “Bullet Train” led all movies in ticket sales for a second straight weekend. A quiet spell in theaters and incredible staying power allowed “Top Gun: Maverick” to rocket back into third place in its 12th week

By JOHNSON LAI and KEN MORITSUGU Associated Press TAIPEI, Taiwan (AP) — A delegation of American lawmakers arrived in Taiwan on Sunday, just 12 days after a visit by U.S. House Speaker Nancy Pelosi that prompted China to launch days of threatening military drills around the self-governing island that Beijing says must come under its

By DEREK GATOPOULOS Associated Press KYIV, Ukraine (AP) — A United Nations-chartered ship loaded with 23,000 metric tons of Ukrainian grain destined for Ethiopia was getting ready to sail from a Black Sea port. It’s the first shipment of its kind in a World Food Program plan to assist countries facing famine. Ukraine and Russia

NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 billion, according to

By DEREK GATOPOULOS and VASILISA STEPANENKO Associated Press NOVOSELIVKA, Ukraine (AP) — As battles raged around Kyiv, one Russian advance was stopped in front of Maria Metla’s home. Artillery gutted most of the house, while the rest was pulverized by tank fire. Metla, 66, is now counting on her neighbors to have somewhere to live

By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince’s spending power as

By AUDREY McAVOY Associated Press HONOLULU (AP) — For their 16th wedding anniversary, Democrats in Hawaii gifted Josh Green and his wife, Jaime, a comfortable margin of victory in the gubernatorial primary Saturday. Green, the state’s current lieutenant governor, handily defeated former first lady Vicky Cayetano and Kaiali’I Kahele, who decided to seek the governor’s

By CARA ANNA Associated Press NAIROBI, Kenya (AP) — Kenya’s peaceful presidential election saw a brief disruption when riot police responded to scuffles at the national ballot tallying center amid tensions over the close results. Police remained at the center on Sunday. An ally of longtime opposition leader and candidate Raila Odinga announced from the

BERLIN (AP) — Germany’s economy minister says German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas. Germany — the European Union’s biggest economy — is trying to wean itself off using natural gas from Russia

Shipping companies are preparing to halt the transport of goods on the Rhine as water levels in Germany’s biggest river near a critically low point. An ongoing drought affecting much of Europe has lowered the Rhine and prevented large ships with heavy loads from passing key waypoints. At one bottleneck on the Middle Rhine, an

By JILL LAWLESS Associated Press LONDON (AP) — Thousands of U.K. train drivers have walked off the job in a 24-hour strike over jobs, pay and conditions, scuppering services across much of the country. The walkout is the latest in a spreading series of strikes by British workers seeking substantial raises to offset soaring prices

THE HAGUE, Netherlands (AP) — Dutch financial prosecutors say they have detained a man suspected of involvement in “concealing criminal financial flows and facilitating money laundering” through the virtual currency mixer Tornado Cash. The financial prosecution service FIOD said in a statement released Friday that the 29-year-old man was arrested Aug. 10 in Amsterdam. The

By ANDREA ROSA and LUIGI NAVARRA Associated Press SIRMIONE Italy (AP) — Italy’s worst drought in decades has reduced Lake Garda, the country’s largest lake, to near its lowest level ever recorded, exposing swaths of previously underwater rocks and warming the water to temperatures that approach the average in the Caribbean Sea. Tourists flocking to

By BRIAN SLODYSKO Associated Press WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. For years,

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It’s something lawmakers and advocates have been seeking for years. For many

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Peloton is laying off almost 800 employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash. The moves were disclosed Friday in a memo to employees of the maker of high-end

By The Associated Press Associated Press Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part of a cost-cutting effort to lower its expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions. The McLean, Virginia-based company declined to provide details about the number

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Illumina, ResMed fall; Broadridge, Humana rise.

PRAGUE (AP) — Oil shipments from Russia through a critical pipeline to Czechia have resumed after more than a week. Czechia became the last central European country after Slovakia and Hungary to receive deliveries after a problem over transit payments was resolved. Russian state pipeline operator Transneft said Tuesday it halted shipments through the southern

MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine. The state statistical service reported the drop on Friday. Russia was hit with a wide array of sanctions following its move into Ukraine in late February, including ones that

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting but The Wall Street Journal, which was first

NEW YORK (AP) — Two Amazon-owned companies — Ring and Hollywood studio MGM — are teaming to create a TV show in the mold of “America’s Funniest Home Videos” using viral footage from Ring’s doorbell and smart-home cameras. The half-hour show, called “Ring Nation,” will be hosted by actor and comedian Wanda Sykes and premier

By CHRISTOPHER RUGABER and JOSH BOAK Associated Press Writers WASHINGTON (AP) — With inflation raging near its highest level in four decades, President Joe Biden on Tuesday signed into law his landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American

LOS ANGELES (AP) — California Gov. Gavin Newsom is proposing to extend the life of the state’s last operating nuclear power plant by at least five to 10 years to maintain reliable power supplies in the climate change era. A draft bill obtained Friday by The Associated Press said the plan would allow the plant

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A diesel pipeline in Wyoming owned by a company that’s being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons (205,000 liters) of fuel, state regulators and a company representative disclosed Friday. Cleanup work is ongoing

By ALAN FRAM Associated Press WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats’ flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in November’s elections. The House used a

By BASSEM MROUE Associated Press BEIRUT (AP) — A judge has ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his trapped savings to stay behind bars. It’s apparently a bid to prevent copycats as desperation deepens over Lebanon’s economic meltdown. Relatives said Friday that keeping

By BARRY HATTON Associated Press LISBON, Portugal (AP) — Portugal’s prime minister says European authorities are considering a liquefied natural gas pipeline from Spain to Italy. That option would get around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe. Portugal’s Prime Minister Antonio Costa said Friday that

ATHENS, Greece (AP) — Greece’s coast guard says a search and rescue operation is continuing for a third day for migrants reported missing after their boat capsized south of the Greek island of Rhodes. The coast guard says a Greek frigate and three merchant ships are searching areas south of Rhodes and southeast of Karpathos.

By THALIA BEATY Associated Press NEW YORK (AP) — The Ford Foundation took the unprecedented step of issuing $1 billion in debt to help stabilize other nonprofits in June 2020. The move delighted investors and inspired several other large foundations to follow suit. Two years later, the foundations all stand by their decisions to take

Associated Press Johnson & Johnson is pulling baby powder containing talc worldwide next year after it did the same in the U.S. and Canada amid thousands of lawsuits claiming it caused cancer. Talc will be replaced by cornstarch, the company said. The company has faced litigation alleging its talcum powder caused users to develop ovarian

By JOE McDONALD AP Business Writer BEIJING (AP) — Three state-owned Chinese corporate giants say they will remove their shares from the New York Stock Exchange amid a dispute between Washington and Beijing over whether U.S. regulators can see records of their auditors. PetroChina Ltd., China Life Insurance Ltd. and China Petroleum & Chemical Co.

By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — A ship docked in a Ukrainian Black Sea port on Friday to begin loading up with wheat for hungry people in Ethiopia. It will be the first food delivery to Africa under a U.N. plan to unblock grain trapped by Russia’s war on Ukraine and bring

LONDON (AP) — The United Kingdom’s economy shrank in the three months to June. It’s a smaller-than-expected contraction but adds to jitters about the rocky months ahead. The Office for National Statistics said Friday that Britain’s gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. Health

By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in autos and industrial technology helped to offset a decline in smartphone sales under U.S. sanctions. Huawei Technologies Ltd.  is the biggest global maker of network gear for phone

By CARA ANNA Associated Press NAIROBI, Kenya (AP) — The head of Kenya’s electoral commission says vote-tallying in the country’s close presidential election isn’t moving fast enough. Meanwhile, parallel counting by local media dramatically slowed amid public concerns about censorship or meddling. With no clear winner emerging and perhaps days more to wait, social media

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the S&P 500 notched its fourth consecutive weekly gain. The benchmark index closed 1.7% higher, for a 3.3% weekly gain. The S&P 500 hadn’t posted such a good stretch

By JUSTIN SPIKE Associated Press DMYTRIVKA, Ukraine (AP) — One of the last working dairy farms on Ukrainian-controlled territory in the eastern Donbas region is doing everything it can to stay afloat in a place where neither workers nor animals are safe from Russia’s devastating war. Only around 200 head of cattle remain of the

By SYLVIE CORBET and NICOLAS GARRIGA Associated Press LUX, France (AP) — Once, a river ran through it. Now, white dust and thousands of dead fish cover the wide trench that winds amid rows of trees in France’s Burgundy region in what was the Tille River in the village of Lux. From dry and cracked

By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for people in the Medicare program. A new corporate minimum tax to ensure big businesses pay their share. And billions leftover to pay down federal deficits. All

By MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last operating nuclear power plant by five to 10 years to maintain reliable power supplies in the climate change era. The proposal to keep the Diablo Canyon Nuclear Power Plant running beyond

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company’s huge influence in the nation. Lee Jae-yong’s pardon is partially