AP National Business

By DAMIAN J. TROISE AP Business Writer Companies hit the brakes on deal-making during the first half of 2022 as concerns over pervasive inflation, interest rate hikes and the threat of a recession loomed over Wall Street. Companies announced $2.2 trillion worth of buyout deals in the first half, a 21% drop from a year

By TINASHE CHINGARANDE, ELIZABETH FLOOD, SPENCER FRIEDMAN and DANIEL LAWALL / Howard Center for Investigative Journalism Howard Center for Investigative Journalism In three states, the day-to-day management of state lotteries comes from multinational corporations, which reap millions of dollars in profits from state-approved gambling. That’s according to a new investigation from the Howard Center for

PARIS (AP) — French President Emmanuel Macron is warning his country’s people to prepare for a total cutoff of Russian natural gas by supporting alternatives and having public lights switched off at night. Macron said in a televised interview marking Bastille Day that France needs to engage in a period of nationwide energy “sobriety.” The

By NOHA ELHENNAWY Associated Press CAIRO (AP) — The U.S. Embassy in Libya says it’s concerned over the struggle for control of Libya’s oil corporation after its chairman was sacked. The embassy said in a statement on Thursday that it’s following the standoff over the leadership of Libya’s National Oil Corporation. The Tripoli-based government of

By ANITA SNOW and EUGENE GARCIA Associated Press PHOENIX (AP) — Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families. With gas prices soaring along with grocery costs, many people are seeking charitable food for the first time, and more

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate again. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose

By KONSTANTIN TESTORIDES Associated Press SKOPJE, North Macedonia (AP) — North Macedonia got a boost from European Commission President Ursula von der Leyen for the country’s hopes of eventually joining the European Union amid a dispute with Bulgaria. Von der Leyen told North Macedonia’s parliament — speaking in the Macedonian language — that “we want

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — A Lebanese minister is warning that the ruins of the Beirut Port silos, destroyed in a massive explosion two years ago, may collapse because of a recently ignited fire that is still smoldering. Hundreds of tons of highly explosive material that had been improperly stored in the

By DIANE JEANTET Associated Press RIO DE JANEIRO (AP) — Millions of Brazilians will get a hefty boost from a measure approved by Brazil’s Congress that sharply raises subsidies for the poor. It’s also likely to bolster incumbent President Jair Bolsonaro’s reelection campaign because it comes less than three months before voting. Lawmakers voted Wednesday

By KELVIN CHAN AP Business Writer LONDON (AP) — Emirates Air has rejected a demand by London’s Heathrow Airport for airlines to cut the number of passengers on summer flights in a bid to ease travel disruptions. The Mideast carrier calls it an “entirely unreasonable and unacceptable” move that shows “blatant disregard for customers.” The

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy. The Labor Department reported Thursday that the U.S. producer price index — which measures inflation before it hits consumers

By The Associated Press Twitter appears to be returning for some users after experiencing an hourlong outage that affected both its app and website on Thursday. Individuals attempting to use the social media platform were met with a message saying “Tweets aren’t loading right now. Try again.” According to Downdetector, users began reporting the outage

By JARI TANNER Associated Press HELSINKI (AP) — Estonia’s president has asked Prime Minister Kaja Kallas to form a new government after she tendered resignation of her one-party minority Cabinet to end a more than month-long political stalemate in the Baltic nation. Estonia’s government crisis culminated in early June. Kallas is the leader of the

By TOM KRISHER AP Auto Writer DETROIT (AP) — A major automaker, large truck stop chain and an electric vehicle charging company are proposing a network that would put charging plugs at 50-mile intervals along U.S. highways. General Motors, Pilot Travel Centers and EVgo said Thursday they will build 2,000 charging stalls at “up to”

VILNIUS, Lithuania (AP) — Lithuania’s prime minister says her country won’t try to reverse a decision by the European Union’s executive arm to allow certain sanctioned goods pass through its territory on the way to Russia’s Kaliningrad exclave. The European Commission said Wednesday that Russia can continue transporting certain cargo to Kalingrad by rail as

By FRANCES D’EMILIO Associated Press ROME (AP) — Italian journalist Eugenio Scalfari has died at 98. Scalfari helped revolutionize Italian journalism by founding liberal daily newspaper La Repubblica. The Rome-based paper broke ground when it burst onto already crowded newsstands in 1976, grabbing attention with punchy headlines and a sassy style. It was known for

By MICHAEL PHILLIS and SUMAN NAISHADHAM Associated Press Preston Brown knows the risk of wildfire that comes with living in the rural, chaparral-lined hills of San Diego County. He’s lived there for 21 years and evacuated twice. That’s why he fiercely opposed a plan to build more than 1,100 homes in a fire-prone area he

NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter, as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise. The nation’s largest bank by assets said Thursday that profits fell to $2.76 per share from $3.78

By JENNIFER PELTZ Associated Press NEW YORK (AP) — Donald Trump and two of his children — Donald Jr. and Ivanka — are due, in the coming days, to face questioning under oath in New York’s civil investigation into their business practices. But will the Trumps answer? The ex-president’s lawyer has indicated that he will

BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party have met to consider calls to expel former Chancellor Gerhard Schroeder. The ex-leader’s longstanding ties to the Russian energy sector and refusal to distance himself fully from President Vladimir Putin after Russia invaded Ukraine have left his political standing in tatters. An arbitration committee

By FRANCES D’EMILIO Associated Press ROME (AP) — Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation’s president quickly rebuffed him, leaving one of Western Europe’s main leaders at the helm for now. The rejection of the tendered

By HELENA ALVES and JOSEPH WILSON Associated Press BEMPOSTA, Portugal (AP) — More than 3,000 firefighters are battling alongside ordinary Portuguese citizens desperate to save their homes as several wildfires rage across the European Union country. Authorities say 25,000 acres have been scorched and 135 people have been injured by fires this week. Portuguese Prime

By JOVANA GEC Associated Press BELGRADE, Serbia (AP) — Authorities in Serbia have detained 85 migrants near the border with Hungary where a clash earlier this month apparently involving people smugglers left one person dead and several injured. Police said that a police task force found automatic weapons, guns, knives and other weapons and ammunition

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work together in countering the impact from Russia’s invasion of Ukraine. Yellen and other top financial officials from the Group of 20 leading rich and developing nations are gathering on the Indonesian island of

By RAF CASERT Associated Press BRUSSELS (AP) — European Union expects Russia’s war in Ukraine to wreak havoc with the economic recovery for the foreseeable future through lower annual growth and record-high inflation. The EU said Thursday that summer figures for the 19-nation eurozone predict inflation reaching an average of 7.6% this year, a major

BERLIN (AP) — Deutsche Telekom says it is selling a majority stake in its German and Austrian cellphone tower business to American and Canadian investors for $17.5 billion. The Bonn-based telecommunications company said U.S.-based DigitalBridge and Canada’s Brookfield would take a 51% share in GD Towers while it would retain the remaining stake “with significant

By OLEKSANDR STASHEVSKYI and FRANK BAJAK Associated Press KYIV, Ukraine (AP) — Never in the history of warfare have drones been used as intensively as in Ukraine, where they often play an outsized role in who lives and dies. Russians and Ukrainians alike depend heavily on unmanned aerial vehicles to pinpoint enemy positions and guide

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. Tokyo’s Nikkei 225 index added 0.6% to 26,797.47. The Kospi in Seoul was up 0.1% at

By KRUTIKA PATHI and KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Protesters have retreated from government buildings in Sri Lanka, restoring a tenuous calm to the economically crippled country. And the embattled president at last emailed the resignation that demonstrators have sought for months. President Gotabaya Rajapaksa fled a day earlier under pressure

By ASTRID SUAREZ and MANUEL RUEDA Associated Press BOGOTA, Colombia (AP) — Colombia’s next finance minister says the left-leaning government taking office next month will focus on increasing taxes on the rich so it can spend more on poverty programs. But Columbia University econonist Jose Antonio Ocampo says the new administration will respect the autonomy

FORT WORTH, Texas (AP) — The U.S. government is giving American Airlines permission to resume flights to five cities in Cuba outside the capital of Havana. The Transportation Department announced the approval on Wednesday. It follows President Joe Biden’s move to restore some links between the U.S. and Cuba that were dropped by the Trump

LOS ANGELES (AP) — The 7-Eleven convenience store chain is offering a $100,000 reward for information leading to the arrest and conviction of a gunman in a deadly string of Southern California store robberies. The chain on Wednesday asked people to anonymously supply information following Monday’s five-hour wave of holdups at six stores in Brea,

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — U.S. nuclear regulators say there are no environmental reasons to prevent the construction of a multibillion-dollar facility in southern New Mexico to temporarily store spent nuclear fuel from commercial power plants around the nation. The Nuclear Regulatory Commission issued its final environmental review of the

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday. Barr, a former top Treasury official under President Barack Obama, is the last of President Joe Biden’s three nominees to the Fed’s board of governors to win

By The Associated Press Twitter is telling employees that it’s not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle over the potential sale to Elon Musk.  It also says in a regulatory filing that Twitter is losing workers at a slightly higher rate

By TOM MURPHY AP Health Writer The Biden administration is warning pharmacies not to discriminate against women who may seek reproductive health prescriptions, including some that might be involved in ending a pregnancy. The Department of Health and Human Services said Wednesday that pharmacies receiving federal money from programs such as Medicare and Medicaid cannot

By JON MELTZER, LAUREN MOWRY, VICTORIA IFATUSIN and MICHAEL PURDIE / Howard Center for Investigative Journalism Howard Center for Investigative Journalism The growth of the lottery business nationwide was inspired in large part by the lobbying innovations of a single multinational gambling company, Scientific Games Holdings LP. A 1986 memo from Scientific Games co-founder and

By BARBARA ORTUTAY and MATT O’BRIEN AP Technology Writers Twitter has sued Tesla CEO Elon Musk in an attempt force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price.

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Netflix has picked Microsoft to help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a pledge to minimize the intrusions into personal privacy that often accompany digital ads. The alliance announced Wednesday marks a

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Protesters in Hungary’s capital have blocked main traffic arteries for the second day in a row in opposition to a tax overhaul pushed through this week by lawmakers from the country’s right-wing governing party. Several thousand demonstrators, many of them independent entrepreneurs affected by the new

The Associated Press Stocks ended another shaky day lower on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500, the Dow Jones Industrial Average and the Nasdaq fell. Stocks took a few U-turns through the day, as has become the norm on Wall

NEW YORK Stocks that traded heavily or had substantial price changes Wednesday: Delta, Fastenal fall; Twitter, Devon Energy rise.

The Associated Press Benchmark U.S. crude oil for August delivery rose 46 cents to $96.30 a barrel Wednesday. Brent crude for September delivery rose 8 cents to $99.57 a barrel. Wholesale gasoline for August delivery fell 3 cents to $3.23 a gallon. August heating oil rose 1 cent to $3.67 a gallon. August natural gas

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Inflation’s relentless surge didn’t merely persist in June. It accelerated. For the 12 months ending in June, the government’s consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981. And that was nothing next to what energy prices did: Fueled by heavy demand and by

By The Associated Press The euro has hit parity with the dollar, falling to its lowest level in 20 years and even skirting just below a one-to-one exchange rate with the U.S. currency this week. That’s the market’s verdict on Europe’s economic prospects. The euro is falling as fears of a recession grow due to

ROME (AP) — Italy’s agriculture minister warned Parliament on Wednesday that a third of Italy’s agricultural production was at risk because of drought and poor water infrastructure, and that the situation is only going to get worse in years to come. Stefano Patuanelli provided the latest data from government research institutes which showed that Italy

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe. A government official told a news conference in Budapest that there is “unlikely to be enough gas in Europe for the autumn and winter heating season.” The official

By KEVIN FREKING Associated Press WASHINGTON (AP) — The Biden administration and Democrats are warning of dire consequences if Congress fails to act on computer chips legislation. They say Congress needs to pass a bill by the end of July that’s designed to boost semiconductor manufacturing in the United States. Advocates say the plan is

BERLIN (AP) — Russian energy company Gazprom appeared to cast doubt on the prospects of quickly restoring the flow of natural gas to full capacity through a major pipeline to Western Europe. The state-owned gas company reduced the flow through Nord Stream 1 to Germany by 60% last month. It cited technical problems involving a

By GLENN GAMBOA AP Business Writer Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett’s $3.1 billion gift last

LONDON (AP) — British rail workers will go on strike on July 27 over an ongoing pay dispute, a month after the country’s most disruptive railway strike in three decades paralyzed train networks across the U.K. The National Union of Rail, Maritime and Transport Workers said Wednesday its members will walk out for 24 hours,

By ASHOK SHARMA Associated Press NEW DELHI (AP) — Indian investigators have raided an Indian subsidiary of Chinese smartphone maker Oppo, accusing it of evading customs duties totaling $551 million. The Enforcement Directorate, India’s financial crime investigation agency, says it sent a notice to the company seeking recovery of the money. Oppo India is the

BERLIN (AP) — The European Space Agency on Wednesday celebrated the first flight of its Vega-C rocket, which is designed to provide more bang for customers’ buck in the increasingly competitive business of launching satellites into orbit. Vega-C is an upgrade to the Vega rocket that made its debut in 2012 as a launcher specializing

By ROB GILLIES Associated Press TORONTO (AP) — Canada’s central bank is raising its target interest rate by a full percentage point in an effort to fight inflation. And it warns more rate hikes are likely to follow. The Bank of Canada on Wednesday raised the overnight rate to 2.5% in the biggest increase since

MADRID (AP) — Real Madrid is driving away from a partnership of nearly two decades with Audi and switching to BMW as one of its main sponsors. The new deal means all Madrid soccer and basketball players will get BMW vehicles beginning this season. BMW Spain says it will provide fully electric cars to the

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union’s executive has decried the rule of law situation in Poland and Hungary and centered on perceived breaches in their judiciary and media in its annual report. The European Commission said that it was all the more important for the 27 nations to be a

ROME (AP) — Hundreds of taxi drivers in Italy are protesting for a second day against the government’s plans to allow more competition. Since Tuesday, a handful of drivers have been chained together in protest in the square outside Premier Mario Draghi’s office in Rome. Nearby in the main street, hundreds of drivers from Rome

By HELENA ALVES and JOSEPH WILSON Associated Press LISBON, Portugal (AP) — A spate of wildfires is scorching parts of Europe, with firefighters battling blazes in Portugal, Spain, Croatia and southern France on Wednesday amid an unusual heat wave that authorities are linking to climate change. In Portugal, Civil Protection commander André Fernandes said multiple

BERLIN (AP) — The German government has unveiled a new package of climate measures to close the emissions gap in the transport and housing sectors as part of the country’s plan to become carbon neutral by 2045. The transport minister said his department would boost the installation of electric vehicle charging stations, expand public transport

By AMANDA SEITZ Associated Press WASHINGTON (AP) — Social media platforms including Facebook and TikTok are failing to stop hate and threats against LGBTQ users, a report issued Wednesday from advocacy group GLAAD found. Those are some of the internet’s most vulnerable users, with a majority of LGBTQ people saying they’ve faced menacing posts or

By MICHELLE CHAPMAN AP Business Writer Days ahead of a shareholder vote at Spirit Airlines over a proposed buyout by rival budget carrier Frontier, the vote is being cancelled for a fourth time due to a lack of support from investors. Frontier Airlines’ CEO wrote a letter that his airline is “very far” from winning

By MARI YAMAGUCHI Associated Press TOKYO (AP) — A Tokyo court has ordered four former executives of the utility operating the tsunami-wrecked Fukushima nuclear power plant to pay 13 trillion yen ($94 billion) to the company, holding them liable for the 2011 disaster. In the closely watched ruling, the Tokyo District Court said the former

BERLIN (AP) — Austria’s far-right Freedom Party has chosen former lawmaker Walter Rosenkranz as its candidate to challenge liberal incumbent Alexander Van der Bellen in the country’s presidential election in October. The party said its leadership nominated Rosenkranz unanimously on Tuesday evening. Freedom Party candidate Norbert Hofer lost to Van der Bellen in a runoff

By SAM KEMMIS of NerdWallet Travel to Europe might be an attractive option to travelers looking for a budget vacation in 2022. In May 2022, airfare prices to Europe jumped 13% year-over-year compared with 38% for domestic airfare in the U.S. The dollar is strong this year, meaning your cash can go further on the

By DAVID KOENIG AP Airlines Writer The summer is off to a profitable start for Delta Air Lines. The airline said Wednesday that it earned $735 million in the second quarter, as planes were packed with vacation travelers. Still, the earnings per share fell short of Wall Street expectations. Delta blames that on high fuel

By MICHAEL CANTU Edmunds If you’re in the market for a pickup truck, you might be considering a hybrid model with today’s sky-high gas prices. These trucks have a gasoline-powered engine that’s augmented with electric motors and a battery to help improve fuel economy. But there are nuances to each automaker’s hybrid systems. The experts

By OLEKSANDR STASHEVSKYI, HANNA ARHIROVA and MARIA GRAZIA MURRU Associated Press Kyiv, Ukraine (AP) — The Ukrainian foreign minister says grain exports from his country’s ports won’t resume without security guarantees for ship owners, cargo owners and Ukraine as an independent nation. Military officials from Russia and Ukraine held their governments’ first face-to-face talks in

GENEVA (AP) — The World Economic Forum reports that a cost-of-living crisis sparked in part by higher fuel and food prices is expected to hit women the hardest. The think tank behind the annual gathering of elites in the Swiss Alpine town of Davos says a hoped-for recovery from a ballooning gender gap hasn’t materialized

By AYSE WIETING, SUZAN FRASER and EDITH M. LEDERER Associated Press ISTANBUL (AP) — U.N. Secretary-General Antonio Guterres says Russian and Ukrainian officials meeting in Istanbul have taken a “critical step forward” to ensure the export of grain from Ukraine’s Black Sea ports to help ease the global food crisis. Turkish Defense Minister Hulusi Akar

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s monthly trade surplus soared to a record $97.9 billion in June as exports picked up after the easing of anti-virus controls that shut down Shanghai and disrupted trade. Customs data showed exports rose 17.9% to $331.2 billion, up from May’s 16.9% growth. Imports edged up

By KRISHAN FRANCIS and KRUTIKA PATHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s president fled the country Wednesday, plunging a nation already reeling from economic chaos into more political turmoil. Protesters demanding a change in leadership then trained their ire on the prime minister and stormed his office. President Gotabaya Rajapaksa and his

By JILL LAWLESS Associated Press LONDON (AP) — The race to succeed Prime Minister Boris Johnson is being called Britain’s most diverse political leadership campaign. Half of the eight contenders to replace Johnson as Conservative Party leader aren’t white, and only two are white men. But if the contenders reflect the face of modern Britain,

COLOMBO, Sri Lanka (AP) — Sri Lanka’s president, who had announced he would resign Wednesday, has fled the country after months of turmoil culminated in protesters converging on the presidential palace. Here’s what’s happening in Sri Lanka: — The country is hurtling toward bankruptcy — Daily essentials including food and medicine are scarce — Political

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. U.S. futures edged lower while oil prices advanced. Wall Street’s benchmark S&P 500 index lost 0.4% on Wednesday after data

WELLINGTON, New Zealand (AP) — New Zealand’s central bank has lifted its benchmark interest rate by half a percentage point to 2.5% as it attempts to curb inflation. Wednesday was the third time this year that the Reserve Bank of New Zealand has lifted the cash rate by 50 basis points, following hikes in April

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy.

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk of a recession. The government’s consumer price index

PORTLAND, Ore. (AP) — The state of Oregon has slashed financial penalties it assigned a baker who refused to bake a wedding cake for a lesbian couple almost 10 years ago. Oregon Public Broadcasting reports the Bureau of Labor and Industries is ordering Aaron Klein to pay $30,000 damages, instead of $135,000, in compliance with

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — Brazil’s foreign minister says the country wants to buy as much diesel fuel as it can from Russia following a deal with Moscow. Carlos França called Russia “a strategic partner” and said Tuesday that Brazil is in short supply of diesel. He says Brazil has

By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — Physicians and researchers are urging New Mexico legislators to allow the use of psychedelic mushrooms in mental health therapy aimed at overcoming depression, anxiety, psychological trauma and alcoholism. A legislative panel on Tuesday was scheduled to hear a proposed legal framework to establish access to

By AMANDA SEITZ Associated Press Washington (AP) — A Twitter employee testified that he spent a sleepless night on Jan. 5, 2021, worrying that people might die the next day during a rally that former President Donald Trump regularly promoted with angry rhetoric on his social media accounts. The Twitter employee raised repeated concerns with

By MATT O’BRIEN Associated Press Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price. Back in April, Musk

By DEE-ANN DURBIN AP Business Writer Starbucks is closing 16 U.S. stores because of repeated safety issues, including drug use and other disruptive behaviors that threaten staff. The coffee giant is closing six stores in its hometown of Seattle, six in Los Angeles, two in Portland, Oregon and one each in Philadelphia and Washington. Starbucks

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — Federal authorities say 1 million gallons of oil have been collected since April 2019 at the nation’s longest oil spill iste, in the Gulf of Mexico off Louisiana. The spill began nearly 18 years ago when Hurricane Ivan caused an underwater mudslide that collapsed an oil

By HALELUYA HADERO AP Business Writer Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began Tuesday. Consumers are searching for the best deals they can find, including time-sensitive deals that are offered on the site for a short period of time. According to an analysis

The Associated Press Stocks on Wall Street closed lower Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq fell. Big companies are beginning to report their latest quarterly results this week. PepsiCo’s profits easily beat analysts’ estimates.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Canoo, InMode rise; Gap, PriceSmart fall.

ATHENS, Greece (AP) — In a story published July 8, 2022, about Greece and Bulgaria marking the completion of a new pipeline, The Associated Press erroneously reported that the future capacity of the pipeline could be expanded to 5 million cubic meters a year. The correct figure is 5 billion, not 5 million.

The Associated Press Benchmark U.S. crude oil for August delivery fell $8.25 to $95.84 a barrel Tuesday. Brent crude for September delivery fell $7.61 to $99.49 a barrel. Wholesale gasoline for August delivery fell 20 cents to $3.26 a gallon. August heating oil fell 11 cents to $3.66 a gallon. August natural gas fell 27

By RAQUEL REDONDO and HELENA ALVES Associated Press MADRID (AP) — Weather forecasters say Spain is expected to have its second heat wave in less than a month and that it will will last at least until the weekend. Meteorologists said an overheated mass of air and warm African winds are driving temperatures in the

By The Associated Press A Moscow court has fined Apple 2 million rubles (about $34,000) for refusing to store the personal data of Russian users on servers in Russia. Zoom Video Communications and Ookla which runs the internet tool Speedtest were both fined 1 million rubles under the same law. The Russian government has been

FORT WORTH, Texas (AP) — American Airlines says it will earn a pretax profit for the second quarter, and its stock is soaring. Shares of American Airlines rose 10% in early afternoon trading Tuesday. The big airline said it expects to report a pretax profit of $585 million for the May-June quarter, and revenue will

By JONATHAN MATTISE and ADRIAN SAINZ Associated Press NASHVILLE, Tenn. (AP) — The nation’s largest public utility is seeking proposals for for a huge addition of carbon-free electricity. The Tennessee Valley Authority’s request for carbon-free proposals seeks up to 5,000 megawatts of carbon-free energy before 2029. It’s the first request nuclear industry experts know of