AP National Business

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — The statistics discussed at the inaugural Global Citizen NOW conference were bleak. The COVID-19 pandemic has pushed 100 million people back into lives of extreme poverty. Up to 243 million people could face food insecurity between now and November due to the war in Ukraine.

By AMANDA SEITZ Associated Press WASHINGTON (AP) — Facebook parent Meta said it will start publicly providing more details about how advertisers target people with political ads just months ahead of the U.S. midterm elections. The announcement follows years of criticism that the social media platforms withhold too much information about how campaigns, special interest

Associated Press Amazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed. That surge helped the e-commerce giant rake in soaring profits in the past two years. But as the worst of the pandemic eased, Amazon found itself with too much warehouse space and too many

By MARCY GORDON AP Business Writer WASHINGTON (AP) — The District of Columbia has sued Meta chief Mark Zuckerberg. It’s seeking to hold him personally liable for the Cambridge Analytica scandal, privacy breach of millions of Facebook users’ personal data that became a major corporate and political scandal. D.C. Attorney General Karl Racine filed the

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, with technology and financial sector stocks

Associated Press MILWAUKEE (AP) — Video game workers at a division of game publisher Activision Blizzard have voted to unionize, creating the first labor union at a large U.S. video game company. A count of ballots on Monday revealed the results of the election affecting a small group of Wisconsin-based quality assurance testers at Activision

SAN FRANCISCO (AP) — A major New York pension fund that has invested in both Facebook’s corporate parent and Twitter believes it’s time to shake up the companies’ boards of directors because of their inability to keep violent content off their influential social media services. The New York State Common Retirement Fund outlined its grievances

FRANKFURT, Germany (AP) — The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation. In a blog post on the Frankfurt, Germany-based bank’s website, President Christine Lagarde said Monday that she expects asset purchases that buoy

Associated Press MILWAUKEE (AP) — Video game workers at a division of game publisher Activision Blizzard are waiting to find out if they’ve formed the first labor union at a large U.S. video game company. A count of ballots on Monday will reveal the results of an election affecting a small group of Wisconsin-based quality

By KATHLEEN RONAYNE Associated Press SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom says he may impose mandatory water restrictions if people don’t start using less as a drought drags on. He raised the possibility Monday in a meeting with local water agencies that supply major urban centers like Los Angeles and San Francisco. The

By CURT ANDERSON Associated Press ST. PETERSBURG, Fla. (AP) — A Florida law intended to punish social media platforms like Facebook and Twitter for allegedly discriminating against conservative thought is an unconstitutional violation of the First Amendment. A three-judge panel of the 11th U.S. Circuit Court of Appeals unanimously concluded that it was overreach for

By FRANK JORDANS Associated Press BERLIN (AP) — A longtime contractor for Shell has accusing the oil and gas company of “double talk” by saying it wants to cut greenhouse gas emissions while working on tapping new sources of fossil fuel. Safety consultant Caroline Dennett said Monday that she was ending her links with the

NEW YORK (AP) — Mayor Eric Adams says investigators of a fatal shooting on a New York subway train have few leads. Adams said Monday that the shooting was “unimaginable” and “the worst nightmare.” Adams says there were no police officers on the train car where the shooting occurred. He says the city will evaluate

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Americans’ financial health reached its highest level in nearly a decade last year, the Federal Reserve said Monday, spurred by a strong job market and government support payments. Almost eight in 10 adults said last fall that they were either “doing okay or living comfortably” when

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.8% as of 3:12 p.m. Eastern. The Dow Jones Industrial Average rose

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — A veteran Russian diplomat to the U.N. Office at Geneva says he handed in his resignation before sending out a scathing letter to foreign colleagues inveighing against the “aggressive war unleashed” by President Vladimir Putin in Ukraine. The 41-year-old Boris Bondarev confirmed his resignation in a

By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” as the global threat of food insecurity rises with Russia’s war in Ukraine, saying he’s seen encouraging signs from some of the world’s richest people, like Elon Musk and Jeff

NEW YORK (AP) — Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 is up 0.9% in the early going. The tech-heavy Nasdaq is up 0.6% and the Dow Jones Industrial Average climbed 1%. European