AP National Business

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are mostly higher after another rally to record highs on Wall Street. Benchmarks in Tokyo, Seoul and Sydney rose, while Hong Kong fell and Shanghai was little changed. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the

By LISA MASCARO, DARLENE SUPERVILLE and ALAN FRAM Associated Press WASHINGTON (AP) — The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan is quickly running into criticism. Some Democratic lawmakers view it as too cumbersome and prefer the original plan of simply raising

LOS ANGELES (AP) — In an effort to ease congestion at the nation’s busiest port complex, officials say they will start fining shipping companies whose cargo containers linger for too long at marine terminals. The twin ports of Los Angeles and Long Beach say arriving containers scheduled to be moved by trucks will be allowed

WASHINGTON (AP) — Federal health officials are extending until mid-January its rules that cruise ships must follow to prevent COVID-19 outbreaks. The rules were scheduled to expire Nov. 1. The U.S. Centers for Disease Control and Prevention said Monday that the extension makes only minor modifications to current rules. The agency says that after Jan.

STONE MOUNTAIN, Ga. (AP) — The only bidder for management of Georgia’s Confederate-themed park is a new firm created by an official of the company that’s pulling out. The Atlanta Journal-Constitution reports that the Stone Mountain Memorial Association board voted on Monday to choose Thrive Attractions Management LLC as the finalist. It’s led by Michael

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Despite noises, flashing lights and video clips, the casino floor of today is not all that different than the casino floor of 60 or 70 years ago. What the casino floor of the future should look like was a topic at Monday’s East Coast Gaming

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — The Kellogg Co. is trying to persuade its 1,400 striking cereal-making workers to return to the bargaining table. The Battle Creek, Michigan-based company said Monday that it sent a message to the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that represents those workers

By TOM KRISHER AP Auto Writer DETROIT (AP) — Hertz has announced that it will buy 100,000 electric vehicles from Tesla. It’s one of the largest purchases of battery-powered cars in history and the latest evidence of increasing commitments to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the

By BARBARA ORTUTAY and KELVIN CHAN AP Business Writers Amid fallout from the Facebook Papers showing its failure to address the harms its social network has created around the world, Facebook on Monday reported higher profit for the latest quarter, buoyed by strong advertising revenue. Also on Monday, Facebook whistleblower Frances Haugen told British lawmakers

By ASHRAF KHALIL Associated Press WASHINGTON (AP) — The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium. Fresh numbers released Monday by the Treasury Department, which oversees the rental assistance

By JOSH BOAK Associated Press To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that’s billionaires. Biden never endorsed an outright “wealth tax” when campaigning for the White House last year. But his more conventional proposed rate  increases on the income

By BARBARA ORTUTAY and KELVIN CHAN AP Business Writers Amid fallout from the Facebook Papers showing its failure to address the harms its social network has created around the world, Facebook on Monday reported higher profit for the latest quarter, buoyed by strong advertising revenue. Also on Monday, Facebook whistleblower Frances Haugen told British lawmakers

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — The National Labor Relations Board says there’s sufficient interest to form a union at an Amazon distribution center in New York City. That’s after union organizers delivered hundreds of signatures to the federal agency. It’s a key step in authorizing a vote that could establish

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Wall Street notched some more record highs on Monday as a better-than-expected profit reporting season gets into higher gear. The S&P 500 rose 0.5%, surpassing the peak it set on Thursday. Tesla jumped to the biggest gain in the S&P 500

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Tesla, Moderna rise; Kimberly-Clark, Restaurant Brands fall.

By KEN SWEET AP Business Writer NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet Yellen said Monday that Janis Bowdler will be the department’s first counselor for racial

By RUSS BYNUM Associated Press BRUNSWICK, Ga. (AP) — The final giant chunk of an overturned cargo ship has been removed from waters along the coast of Georgia. Demolition of the South Korean freighter Golden Ray took almost a full year before the eighth and last segment of the shipwreck floated away Monday on a

By LISA MASCARO and DARLENE SUPERVILLE Associated Press WASHINGTON (AP) — Democrats are working frantically to shore up the revenue side of President Joe Biden’s domestic package. They are preparing to unveil a new tax on billionaires and some companies after earlier ideas fizzled. Biden said Monday he’s hopeful the talks with Congress can wrap

By DAVID BILLER Associated Press RIO DE JANEIRO (AP) — Facebook and Instagram have removed from their platforms a live broadcast that Brazil’s President Jair Bolsonaro delivered in which he said people in the U.K. who have received two coronavirus vaccine doses are developing AIDS faster than expected. Facebook’s press office confirmed the content was

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — Union organizers have delivered more than 2,000 signatures to federal labor officials in a bid to unionize workers at Amazon’s distribution center in Staten Island, New York. The National Labor Relations Board will now have to verify those signatures and confirm that organizers collected signatures