AP National Business

By WILL WEISSERT and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden has signed into law plans for a sweeping overhaul of the U.S. Postal Service. The measure is meant to shore up the popular but beleaguered agency’s financial future and cement six-days-a-week mail delivery. The legislation cleared Congress last month after years

By LISA RATHKE Associated Press The federal government has requested a five-year sentence for a former Vermont ski resort executive accused in a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors’ money raised through a special visa program. According to a sentencing memo filed Tuesday, William Stenger,

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Spirit Airlines, Microsoft fall; Tilray, Landstar rise.

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The mayor of the besieged port city of Mariupol has put the number of civilians killed there at more than 5,000. Meanwhile, Ukraine continues to gather evidence of Russian atrocities and braces for what could become a climactic battle for control of the

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell and bond yields rose on Wall Street Wednesday after details from last month’s Federal Reserve meeting showed the central bank intends to be aggressive in its efforts to fight inflation. Minutes from the meeting show that policymakers agreed to begin cutting the Fed’s

By The Associated Press Associated Press The United States and allies are again escalating sanctions against Russia after evidence that Russian troops murdered Ukrainian civilians in a town near Kyiv. Among the new sanctions are measures targeting the family of Russian President Vladimir Putin. The White House said Wednesday that President Joe Biden will sign

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The mayor of the besieged Ukrainian city of Mariupol says over 5,000 civilians have been killed during the monthlong Russian blockade. Vadym Boichenko said Wednesday that 210 of the dead were children. He said the Russian forces bombed hospitals, including one where 50

By COLLIN BINKLEY AP Education Writer The Biden administration has announced that federal student loan payments will remain paused through Aug. 31, extending a freeze that began in 2020 but was set to end after this month. The action is meant to help millions of borrowers regain financial footing before they’re back on the hook

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their policy meeting

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The Kremlin is preparing for a new combat push in Ukraine as the country gathers its dead and collects evidence of alleged Russian atrocities. Ukrainian officials have stepped up calls for civilians to evacuate from towns near the front line ahead of the

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is moving closer to rapidly shrinking its huge $9 trillion stockpile of bonds in the coming months to fight high inflation, a move that would contribute to higher borrowing costs for consumers and businesses. In minutes from their most recent policy meeting three

By AAMER MADHANI, SAMUEL PETREQUIN and JOSH BOAK Associated Press WASHINGTON (AP) — The United States has announced new sanctions targeting Russia in retaliation for “war crimes” in Ukraine. The U.S. blocked two key Russian banks and also sanctioned Russian President Vladimir Putin’s two adult daughters. The United Kingdom piled on asset freezes Wednesday against

By KEN SWEET AP Business Writer NEW YORK (AP) — Russia says it made a debt payment in rubles this week, a move that may not be accepted by Russia’s foreign debtholders and could put the country on a path to an historic default. The action by Russia was in response to the most recent

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A subsidiary of one of the largest U.S. wind energy companies has been sentenced to probation and ordered to pay over $8 million in fines and restitution after at least 150 eagles were killed at its wind farms in eight states. NextEra Energy subsidiary ESI Energy

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The Kremlin is preparing for a new combat push in Ukraine as the country gathers its dead and collects evidence of alleged Russian atrocities. Ukrainian officials have stepped up calls for civilians to evacuate from towns near the front line ahead of the

By MATTHEW DALY Associated Press WASHINGTON (AP) — House Democrats are accusing oil companies of “ripping off the American people” and putting profits before production as Americans suffer from higher gasoline prices amid the war in Ukraine. Oil executives, testifying before Congress for the second time in six months, responded that oil is a global

By COREY WILLIAMS Associated Press DETROIT (AP) — A judge has ordered the demolition of the deteriorating Packard auto plant in Detroit, finding that it had become a public nuisance. Wayne County Circuit Court Judge Brian Sullivan wrote in a March 31 order that the plant’s Peruvian owner, Fernando Palazuelo, and his company, Arte Express

By FRANK JORDANS Associated Press BERLIN (AP) — The German government has presented a major package of reforms to boost the construction of renewable power as part of its efforts to meet its climate goals and become independent of energy imports from hostile nations such as Russia. The 600-page “Easter package” approved by Cabinet lays