AP National Business

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares have fallen in cautious trading after stocks on Wall Street sank to a new low for the year. Tokyo, Shanghai, Seoul and Sydney were lower while Hong Kong edged higher. Technology shares led the decline Tuesday on Wall Street. Increasing coronavirus infections in Asia,

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — A new report shows that an app that’s expected to be widely used by athletes and others attending next month’s Winter Games in Beijing has glaring security problems that could expose sensitive data to interception. Citizen Lab, an internet watchdog group, said in a report published

By ABDULLAH AL-SHIHRI and AYA BATRAWY Associated Press RIYADH, Saudi Arabia (AP) — A delegation led by South Korea’s president visiting Saudi Arabia has inked a preliminary deal to explore a project to develop a potentially cleaner form of energy. This comes even as Saudi Arabia remains South Korea’s top supplier of crude oil. Still,

TAMPA, Fla. (AP) — A Florida man has been sentenced to three years and six months in prison for fraudulently collecting over $800,000 in COVID-19 relief funds. Court records show 63-year-old Louis Thornton III was sentenced Friday in Tampa federal court. He pleaded guilty in September to wire fraud. He must also pay back relief

By BERNARD CONDON Associated Press NEW YORK (AP) — Donald Trump plans to build thousands of new luxury homes at his struggling Doral golf club in hopes of reviving the fortunes of the Miami-area property. The club is the biggest revenue generator in his golf business, but has suffered from a one-two punch of a

By HOPE YEN and TOM KRISHER Associated Press WASHINGTON (AP) — With traffic fatalities spiking, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and the Transportation Department should stop using it. Jennifer Homendy chairs the National Transportation Safety Board.

By MATTHEW BROWN and JONATHAN J. COOPER Associated Press BILLINGS, Mont. (AP) — The Biden administration says it will significantly expand efforts to stave off catastrophic wildfires that have been torching areas of the U.S. West by more aggressively thinning forests around “hot spots” where nature and neighborhoods collide. Officials have crafted a $50 billion

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell to a new low for the year on Wall Street Tuesday and bond yields surged amid renewed jitters the Federal Reserve will lift interest rates to tackle rising inflation. The S&P 500 fell 1.8%, the Dow Jones Industrial Average lost 1.5% and the

Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs, Hain Celestial fall; Activision, Exxon rise.

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge signed a plan that slashes the U.S. territory’s public debt load as part of the largest municipal debt restructuring in U.S. history and allows the government to start repaying creditors. The plan

WARSAW, Poland (AP) — The environment ministers of Poland and the Czech Republic say they have made progress but still need to consult on some points in solving a stalemate over a Polish lignite mine. They made the comments Tuesday after a round of talks in Warsaw on the Turow mine in southwestern Poland.  The

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell to a new low for the year on Wall Street Tuesday and bond yields surged amid renewed jitters the Federal Reserve will lift interest rates to tackle rising inflation. The S&P 500 fell 1.8%, the Dow Jones Industrial Average lost 1.5% and the

By FELICIA FONSECA Associated Press FLAGSTAFF, Ariz. (AP) — The U.S. Department of Housing and Urban Development has announced another round of tribal housing grants. The $83 million will benefit 74 tribes across the country, boosting the amount awarded through the American Rescue Plan Act to over $200 million. The Oglala Sioux Tribe in South

By MARCY GORDON AP Business Writer WASHINGTON (AP) — U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations. The Justice Department and the Federal Trade Commission announced they are seeking public comment on how current merger guidelines

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — New York likely surpassed New Jersey for the top spot in the U.S. sports betting market during the first two weekends mobile bets were offered. That’s according to a company that most of the legal U.S. sports betting industry uses to verify that its customers

By KEN SWEET AP Business Writer NEW YORK (AP) — Truist Bank says it is reducing its overdraft fees. It’s the latest big bank to announce a substantial overhaul of overdraft policies that often impact the most vulnerable customers. The North Carolina-based bank plans to roll out a new checking account this summer that will

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — A new report shows that an app that athletes and others attending next month’s Winter Games in Beijing must install has glaring security problems that could expose sensitive data to interception. Citizen Lab, an internet watchdog group, said in a report published Tuesday the MY2022 app

DETROIT (AP) — Ford and security company ADT have formed a joint venture that will help businesses protect vehicles and expensive equipment they carry from theft. The first product from the venture called Canopy is a system that uses cameras, radar, global positioning and artificial intelligence to spot a potential thief and notify ADT, which