AP National Business

By ELLEN KNICKMEYER and FATIMA HUSSEIN Associated Press WASHINGTON (AP) — With Russia’s military attacking across Ukraine, President Joe Biden is expected to roll out at least some of the toughest sanctions and financial penalties that the U.S. can muster in response. Biden for weeks has promised “swift and severe costs” if Russian forces moved

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks tumbled worldwide Thursday after Russia’s attack of Ukraine sent fear coursing through markets and upped the pressure on the high inflation already squeezing the global economy. The S&P 500 sank 1% to continue its dismal start of the year. European markets dropped even more,

MIAMI BEACH, Fla. (AP) — An alcohol ban designed to curb heavy late night drinking among spring breakers in Miami Beach will be in effect for two weeks in March. The city’s commissioners voted 4-3 Wednesday to prohibit the sale and consumption of alcohol after 2 a.m. between March 7 and March 21 along the

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates fell slightly this week, after rising to their highest level in three years last week. The average rate on a 30-year loan declined to 3.89% this week from 3.92% the previous week, mortgage buyer Freddie Mac reported Thursday. Available housing has

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks tumbled worldwide Thursday after Russia’s attack of Ukraine sent fear coursing through markets and upped the pressure on the high inflation already hurting people and businesses around the world. The S&P 500 sank 1.6% to continue its dismal start of the year. It’s now

By FATIMA HUSSEIN, JOE McDONALD and DAVID McHUGH Associated Press WASHINGTON (AP) — As the Biden administration prepares its response to Russia’s attack on Ukraine, U.S. Treasury Department officials and their counterparts in Europe are tasked with finding ways to make Russia’s economy pay a price. One key question is how to measure the success.

By SYLVIA HUI Associated Press LONDON (AP) — All government-mandated coronavirus restrictions have ended in England, including the legal requirement for people who test positive for COVID-19 to isolate at home. Officials say that those who tested positive will still be advised to stay at home for at least five days, but from Thursday they

By STAN CHOE AP Business Writer NEW YORK (AP) — Stock prices have tumbled 10% since the S&P 500 set its record high early this year, hurt by worries about interest rates, inflation and conflict in Ukraine. But based on measures that Wall Street uses to gauge stocks, they look perhaps 15% cheaper. That’s shaving

GELSENKIRCHEN, Germany (AP) — The logo of Russian state-owned energy giant Gazprom is being removed from the jerseys of German soccer team Schalke following Russia’s wide-ranging attack on Ukraine. Schalke says the logo will be replaced by lettering reading “Schalke 04” instead following what it called “recent developments.” A senior Gazprom executive had already quit

By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week. Jobless claims fell by 17,000, from 249,000 to 232,000 for the week ending Feb. 19, the Labor Department reported Thursday. The four-week average for claims,

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported in a slight upgrade from its earlier estimate. For all of 2021, the nation’s gross domestic product — its total output of goods and services —

DETROIT (AP) — Ford is recalling nearly a quarter-million heavy duty pickup trucks in the U.S. because the drive shafts can fracture and cause a loss of power. The recall covers certain F-250 and F-350 Super Duty pickups from the 2017 through 2022 model years. The trucks have gasoline engines and aluminum drive shafts. Ford

NEW YORK (AP) — U.S. markets pointed toward a sharply lower open, following a global plunge and a surge in oil prices Thursday after Russian President Vladimir Putin launched military action in Ukraine, prompting Washington and Europe to vow sanctions on Moscow that may roil the global economy. Oil prices jumped by more than $7

By TOM MURPHY AP Health Writer COVID-19 vaccine sales jumped 44% for Moderna in the final quarter of 2021, and the drugmaker expects demand for booster shots to fuel more growth in 2022. Moderna said Thursday that it has signed purchase agreements for about $19 billion in sales for 2022 with options for an additional

By LORNE COOK Associated Press BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg says Russia has launched war on Ukraine and that the security alliance will defend every inch of its territory. Stoltenberg called for a summit of NATO leaders for Friday. He spoke shortly after the trans-Atlantic alliance agreed Thursday in emergency talks to further

By ANNA HELHOSKI of NerdWallet Everyone can’t be a STEM major; there are still vital roles necessary in lower-paying fields like humanities, arts and social sciences. But when you follow your dreams from college to career, the return doesn’t always match the investment — especially if you take on debt. For those who expect low

By JOE McDONALD AP Business Writer BEIJING (AP) — China has called for talks to resolve the Ukraine crisis and avoided criticizing President Vladimir Putin’s attack. In a step that could help reduce the impact of Western sanctions, Beijing also approved imports of Russian wheat. Chinese ties with Russia have grown stronger under President Xi

By LORNE COOK Associated Press BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg says Russia has launched war on Ukraine and shattered peace on the European continent. Stoltenberg on Thursday called for a summit of NATO leaders for Friday. He spoke shortly after the trans-Atlantic alliance agreed after emergency talks to further beef up its land,

By TOM KRISHER AP Auto Writer DETROIT (AP) — U.S. auto safety regulators are investigating complaints that the automatic emergency braking systems on more than 1.7 million newer Hondas can stop the vehicles for no reason. The National Highway Traffic Safety Administration says it has 278 complaints that the problem can happen in 2017 through

By LORNE COOK Associated Press BRUSSELS (AP) — NATO has agreed to further beef up its land, sea and air forces on its eastern flank near Ukraine and Russia after President Vladimir Putin ordered a military offensive in Ukraine.  NATO ambassadors said in a statement after emergency talks Thursday that “we are deploying additional defensive