AP National Business

By ALAN FRAM Associated Press WASHINGTON (AP) — Democrats have finally driven President Joe Biden’s $2 trillion package of family services, health care and climate initiatives through the House. Now the focus turns to the Senate, where painful Republican amendments, restrictive rules and moderate Democratic Sen. Joe Manchin lurk. It took Democrats six months, but

By MATTHEW DALY Associated Press WASHINGTON (AP) — Democrats and climate activists generally support President Joe Biden’s decision to release a record-setting 50 million barrels of oil from America’s strategic reserve, even as the action appeared to contradict Biden’s long-term goal to fight climate change. The U.S. action announced Tuesday is aimed at global energy

By DAVID KOENIG and CATHY BUSSEWITZ AP Business Writers DALLAS (AP) — President Joe Biden is again dipping into the nation’s petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the release of 1 million barrels of oil per day from the strategic petroleum reserve for the

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised. In her third day of testimony

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are falling as worries about inflation set off expectations the U.S. Federal Reserve might accelerate its plans to raise interest rates. Benchmarks in Japan, Australia, South Korea and China slipped in early trading. The Fed will release minutes later in the day from its

By PATRICK WHITTLE and DAVID SHARP Associated Press PORTLAND, Maine (AP) — Maine’s environmental commissioner is suspending a permit for a 145-mile electricity transmission project in western Maine, delivering another blow to the controversial project. Her decision Tuesday comes after Maine residents rebuked the $1 billion project in a referendum and developers suspended construction under

By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised. In her third day of testimony

KANSAS CITY, Mo. (AP) — Federal regulators have cleared a path to consider Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad . The U.S. Surface Transportation Board decided that Canadian Pacific’s merger application is complete, dismissing concerns from other railroads. The board also laid out a schedule for its review of the deal

By MATT O’BRIEN AP Technology Writer Samsung said it plans to build a $17 billion semiconductor factory in Texas amid a global shortage of chips used in phones, laptops, cars and other electronic devices. Texas Gov. Greg Abbott and Samsung announced the project Tuesday. The chip shortage has emerged as both a business obstacle and

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Just over 5 million viewers tuned in to see Fox opinion host Tucker Carlson talk to Kyle Rittenhouse, who was acquitted of murder last Friday in a Wisconsin case that had the nation talking about guns and self-defense. It was Carlson’s biggest audience since the

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Just under 5 million viewers tuned in to see Fox opinion host Tucker Carlson talk to Kyle Rittenhouse, who was acquitted of murder last Friday in a Wisconsin case that had the nation talking about guns and self-defense. It was Carlson’s biggest audience since the

By BOB CHRISTIE Associated Press PHOENIX (AP) — E-cigarette giant Juul Labs will pay Arizona $14.5 million and won’t market to young people in the state to settle a consumer fraud lawsuit filed by the Arizona attorney general’s office. The settlement announced by Attorney General Mark Brnovich Tuesday is the second Juul has reached with

WASHINGTON (AP) — Wireless carrier T-Mobile is paying $19.5 million in a settlement with the Federal Communications Commission over a 12-hour nationwide outage in June 2020 that resulted in thousands of failed 911 calls. The FCC said Tuesday that as part of the settlement, T-Mobile will also commit to improving communications of outages to emergency

NEW YORK (AP) — Faced with the rising cost of goods and freight, discount retail chain Dollar Tree says it will be raising its prices to $1.25 for the majority of its products. Dollar Tree said Tuesday that the reason for raising its prices to $1.25 was not due to short-term conditions and said the

By PAUL WISEMAN, CATHY BUSSEWITZ and CHRISTOPHER RUGABER AP Business Writers WASHINGTON (AP) — LBJ tried jawboning. Richard Nixon issued a presidential edict. The Ford administration printed buttons exhorting Americans to “Whip Inflation Now.’’ Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of

Stocks that traded heavily or had substantial price changes Tuesday: Best Buy, Medtronic fall; Dollar Tree, Dycom rise.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 0.2%, The Dow Jones Industrial Average rose 0.5% and the

By ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden plans to require essential nonresident travelers crossing U.S. land borders, such as truck drivers and emergency response officials, to be fully vaccinated beginning on Jan. 22.  A senior administration official said the requirement brings the rules for essential travelers in line with those that

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — Tech giant Apple is suing Israel’s NSO Group, seeking to block the world’s most infamous hacker-for-hire company from breaking into Apple’s products, like the iPhone. Apple said in a complaint filed Tuesday in federal court in California that NSO Group’s spyware, called Pegasus, had been used