AP National Business

By KEN SWEET AP Business Writer NEW YORK (AP) — The three major U.S. banking regulators say they plan to rewrite many of the outdated regulations tied to a decades-old banking law. The law was designed decades ago to encourage lending to the poor and racial minorities in the areas where banks have branches. The

By HALELUYA HADERO and ANNE D’INNOCENZIO Associated Press NEW YORK (AP) — A leaked draft of a Supreme Court opinion that would abolish a nationwide right to abortion has thrust major companies into what’s arguably the most divisive issue in American politics. But while some are signaling support for abortion rights, many want to stay

By ALAN FRAM Associated Press WASHINGTON (AP) — Lawmakers are working toward a compromise on President Joe Biden’s $33 billion Ukraine aid request that they hope to have ready as soon as next week. Signs are emerging that for the measure to move quickly, Democrats may need to bow to Republican objections and drop Biden’s

By DAVID KOENIG and SARAH RANKIN Associated Press Boeing plans to move its corporate headquarters from Chicago to the Washington, D.C., area. That’s according to people familiar with the matter who were not authorized to discuss it publicly on Thursday. Boeing is a major defense contractor, so the reported move would put its executives close

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is using in

ATHENS, Greece (AP) — Greece’s prime minister has promised new state support to shield households from rising electricity costs, saying the country was forced to act alone after its European Union partners failed to adopt a joint response to the problem. Prime Minister Kyriakos Mitsotakis also said Thursday that Greece would partially fund the program

By MICHELLE CHAPMAN, TOM KRISHER and MATT O’BRIEN AP Business Writers Elon Musk has strengthened the equity stake in his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. A regulatory filing Thursday also said

By MATTHEW DALY Associated Press WASHINGTON (AP) — Following through on a campaign promise, the Biden administration on Thursday announced a wide-ranging enforcement strategy aimed at holding industrial polluters accountable for damage done to poor and minority communities. The strategy includes creation of an Office of Environmental Justice within the Justice Department to focus on

WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its fight against the worst inflation in 40 years by raising its

By MICHAEL CASEY Associated Press The U.S. Department of Veterans Affairs wasted nearly $2 million when most of the smartphones bought during the pandemic for homeless veterans went unused, according to an inspector general’s report. The report, released Wednesday, found that the Veterans Health Administration spent nearly $7 million to purchase 10,000 phones with unlimited

By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — A leading Catalan separatist politician says that Spain’s top intelligence official has acknowledged that her agency hacked into the cellphones of some politicians but insists it had proper judicial authorization. The digital rights group Citizen Lab says over 60 politicians, activists and others in Spain were

By HEATHER HOLLINGSWORTH and RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — For the first time, the U.S. came close to providing health care for all for the first time during the coronavirus pandemic. But it was for just one condition — COVID-19. Now, things are reverting to the way they were as federal money for

WASHINGTON (AP) — The Pentagon’s cyber arm says a team spent months working with officials in Lithuania to help protect government networks there from cyberattacks. The U.S. Cyber Command mission involved a specialized team that worked to identify vulnerabilities and counter malicious cyber activity affecting the networks of Lithuania’s foreign affairs ministry and defense systems.

SACRAMENTO, Calif. (AP) — Telecommunications industry groups have ended their bid to block California’s net neutrality law that prevents broadband providers from throttling service. In a federal court filing in Sacramento Wednesday, the groups and California Attorney General Rob Bonta jointly agreed to dismiss the case. The move follows a January federal appeals court decision

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve’s stepped-up fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by half a percentage point

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The U.S. dollar’s value surged in April as investors sought refuge amid a growing list of uncertainties hanging over the market and the Federal Reserve’s aggressive shift to fight rising inflation. The currency had been gaining strength throughout the economic recovery in 2021 and

ROCHESTER, N.Y. (AP) — More than 40 years after blazing a trail for female video game characters, Ms. Pac-Man was inducted Thursday into the World Video Game Hall of Fame, along with Dance Dance Revolution, The Legend of Zelda: Ocarina of Time and Sid Meier’s Civilization. The Hall of Fame considers electronic games of all

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Wall Street is shifting into reverse Thursday, giving up much of the big gains it made a day earlier on relief that the Federal Reserve wouldn’t be as aggressive as some feared in raising interest rates to fight inflation. The sharp reversal follows the

By CURT ANDERSON Associated Press ST. PETERSBURG, Fla. (AP) — The Walgreens pharmacy chain has reached a $683 million settlement with the state of Florida in a lawsuit accusing the company of improperly dispensing millions of painkillers that contributed to the opioid crisis. State Attorney General Ashley Moody said Thursday the deal was struck after

By MAE ANDERSON AP Business Writer NEW YORK (AP) — Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business