AP National Business

By ELAINE KURTENBACH AP Business Writer TOKYO (AP) — Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries over the impact of high inflation. Hong Kong’s Hang Seng led the declines, dropping 3.1%, while Tokyo’s Nikkei 225 index was

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — North Korea has reported 262,270 more suspected COVID-19 infections as its pandemic caseload nears 2 million. The new suspected cases were reported Thursday, a week after the country acknowledged its outbreak and scrambled to slow transmissions. North Korea’s outbreak could be worse than reported because

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have

By ANDREW DeMILLO Associated Press LITTLE ROCK, Ark. (AP) — Family Dollar says it’s closing an Arkansas distribution facility that prompted a recall of numerous products after more than 1,000 rodents were found. The company said Wednesday it will close the West Memphis facility by the end of October. The closure will affect about 300

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A federal appeals court has ruled that details of some of the conversations between the nation’s four largest railroads about their rates can now be included in lawsuits challenging billions of dollars they charged their customers. But the mixed ruling will also exclude some documents.

By TOM KRISHER AP Auto Writer DETROIT (AP) — The U.S. government’s road safety agency has dispatched a team to investigate the possibility that a Tesla involved in a California crash that killed three people was operating on a partially automated driving system. The National Highway Traffic Safety Administration on Wednesday confirmed that it had

By SCOTT SONNER Associated Press RENO, Nev. (AP) — A federal judge has ruled the Trump administration acted illegally in 2020 when it withdrew an earlier proposal to list as threatened a hen-sized bird found only in the high desert along the California-Nevada line. It’s the latest development in the on-again, off-again protection of the

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target, Lowe’s fall; TJX, Agilysys rise.

By REBECCA BOONE, LINDSEY TANNER and JENNIFER SINCO KELLEHER Associated Press Some U.S. moms looking for baby formula that is in short supply are dealing with another layer of stress — people asking why they don’t just breastfeed. Exclusive breastfeeding is recommended for the first six months of life by major medical entities like the

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — A Vatican cardinal has shed light on a scandal that had sparked questions about the Vatican’s commitment to financial transparency and accountability. Cardinal Angelo Becciu testified Wednesday that Pope Francis himself ordered the resignation of the Vatican’s first auditor general, because the auditor no longer had

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — Convicted pharmaceutical executive Martin Shkreli was freed Wednesday from prison after serving much of a seven-year prison sentence for lying to hedge fund investors and cheating investors in a drug company. His attorney, Ben Brafman, said Shkreli, 39, was released early from a prison in Allenwood,

By ZEKE MILLER and MIKE STOBBE Associated Press WASHINGTON (AP) — COVID-19 cases are increasing in the United States — and could get even worse over the coming months, federal health officials warned Wednesday in urging areas hardest hit to consider reissuing calls for indoor masking. Increasing numbers of COVID-19 infections and hospitalizations are putting

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors’ fears that surging inflation could cut

By FATIMA HUSSEIN Associated Press BONN, Germany (AP) — Treasury Secretary Janet Yellen is warning that Russia’s February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global stagflation. Yellen, speaking in Germany, added that the U.S. is

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks are falling sharply on Wall Street Wednesday as dismal results from Target renew fears that inflation is battering U.S. companies. Target lost more than a quarter of its value, dragging other retailers down with it, after saying its profit fell by half in

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Four EU countries plan to speed up the continent’s green transition and help wean it off Russian energy imports through a large new project to build wind farms in the North Sea. Danish Prime Minister Mette Frederiksen said Wednesday her country, together with Belgium, the

By JOSH BOAK Associated Press WASHINGTON (AP) — As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories. The world economy can’t cast U.S.

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Chris Wallace, the most prominent personality lured to the since-shuttered CNN+ streaming service, will host an interview show on Sunday nights on the television network starting this fall. The network says Wallace will resume production on “Who’s Talking to Chris Wallace,” which had streamed weekdays