AP National Business

By SAMY MAGDY Associated Press CAIRO (AP) — Cash-stripped Sudan has announced it will float the country’s currency as economic conditions deteriorate further, some four months after a military coup plunged the African nation into further turmoil. The Central Bank of Sudan said on Monday that banks and exchange firms will determine the value of

By SEAN MURPHY Associated Press Writer OKLAHOMA CITY (AP) — Republicans in the Oklahoma House are unveiling a package of new restrictions on the medical marijuana industry. The 12-point plan announced Monday is designed to crack down on the number of illegal growers who are selling cannabis on the black market. The marijuana business has

By NICHOLAS K. GERANIOS Associated Press SANDPOINT, Idaho (AP) — Sandpoint, Idaho, is a four-season resort town built along the shores of scenic Lake Pend Oreille. Its population surged by 21% in the past decade to about 8,900. Many of the newcomers are conservatives looking for like-minded people. To capitalize on that trend, a growing

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation’s grip on the global economy. The S&P 500 fell 2.7% after a barrel of U.S. oil surged to $130 overnight on the possibility the

By JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Boris Johnson has defended his government’s treatment of Ukrainians fleeing war, after France accused U.K. authorities of “inhumane” behavior towards the refugees. Johnson said Britain was being “very, very generous” but would not have “a system where people can come into the U.K. without

By JASEN LO Associated Press NEW ORLEANS (AP) — Americans paid a combined $561 million in late payment fees to electrical utilities in 2019.  But how much you pay depends on where you live. An AP analysis of federal regulatory data found that several major utility companies in states like Louisiana, Mississippi, Kentucky, Florida and

By TOM KRISHER AP Auto Writer DETROIT (AP) — The Biden administration is proposing stronger pollution regulations for new tractor-trailer rigs that would clean up smoky diesel engines and encourage new technologies during the next two decades. The proposal released Monday by the Environmental Protection Agency would require the industry to cut smog-and-soot-forming nitrogen oxide

By JUSTIN SPIKE Associated Press ZAHONY, Hungary (AP) — The violin was so beloved by Myroslava Sherbina that it was the one item she took as she fled Ukraine, along with the clothes she wore. But the instrument has remained silent since Russia invaded. The 20 year-old didn’t want to play “so I could hear

By DAVID KOENIG AP Business Writer Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of

By TOM KRISHER AP Auto Writer DETROIT (AP) — The Biden administration is proposing stronger pollution regulations for new tractor-trailer rigs that would clean up smoky diesel engines and encourage new technologies during the next two decades. The proposal released Monday by the Environmental Protection Agency would require the industry to cut smog-and-soot-forming nitrogen oxide

NAIROBI, Kenya (AP) — Moderna says it has signed a memorandum of understanding with Kenya’s government for the drugmaker’s first mRNA vaccine manufacturing facility in Africa. Moderna said in a statement Monday the goal is to produce up to 500 million doses of vaccines a year for the African continent. It says the focus is

LONDON (AP) — Leading Russian banks are looking into using a Chinese payment rival after Visa and Mastercard suspended operations over the invasion of Ukraine. All the big global accounting firms also said they would pull out of Russia in the latest corporate fallout. Sberbank and Tinkoff Bank say they’re considering the possibility of payment

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are falling in early trading on Wall Street, as more gains for oil prices threaten to worsen the world’s already high inflation. The S&P 500 was 1.5% lower after a barrel of U.S. oil leaped as high as $130 overnight on the possibility the

By JASEN LO Associated Press NEW ORLEANS (AP) — Americans paid a combined $561 million in late payment fees to electrical utilities in 2019.  But how much you pay depends on where you live. An AP analysis of federal regulatory data found that several major utility companies in states like Louisiana, Mississippi, Kentucky, Florida and

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Department store chain Kohl’s said it aims to increase sales by a low-single-digit percentage annually. The retailer plans to open 100 new small-format stores in the next four years and expand its partnership with Sephora to be a $2 billion business, among other moves. Kohl’s

NEW YORK (AP) — Stocks are opening lower on Wall Street but keeping their losses in check as an early spike in crude oil prices abated. The price of U.S. crude was up 1.8% to $117 a barrel Monday, but off its earlier high of $130 a barrel as talk escalated over the weekend about

The Associated Press The Federal Reserve issues a report on U.S. consumer borrowing Monday. The Labor Department serves up its latest tally of U.S. job openings Wednesday, and its February snapshot of inflation at the consumer level Thursday.

By MICHAEL LIEDTKE AP Technology Writer SAN RAMON, Calif. (AP) — Niantic Labs CEO John Hanke has been working on technology that helps people navigate and enjoy places in the real world since he helped create Google Maps nearly 20 years ago. So it’s not surprising that Hanke isn’t a fan of the current hyperbole

NEW YORK (AP) — U.S. markets were heading for a lower open Monday, following global markets as oil prices jumped and the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. U.S. crude traded above $120 a barrel Brent crude oil was trading around $125 a barrel. European markets opened lower and

By MICHELLE CHAPMAN AP Business Writer The investment firm of billionaire Ryan Cohen has taken a large stake in Bed Bath & Beyond and is recommending that the struggling retailer sell all or part of its business. RC Ventures LLC has acquired a nearly 10% stake in Bed Bath & Beyond, according to a regulatory