AP National Business

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world. The department issued a report Monday

By ANDREW SELSKY Associated Press SALEM, Ore. (AP) — Last week, police in southern Oregon raided a site that had roughly two tons of processed marijuana and 17,500 pot plants. Jackson County Commissioners say the surge in industrial-scale illegal marijuana growing operations is so serious that they asked Gov. Kate Brown to send in the

By HALELUYA HADERO AP Business Writer Philanthropist Laurene Powell Jobs is gearing up to invest $3.5 billion into climate initiatives through her foundation in the next 10 years. But if the prior donation patterns of Waverley Street Foundation continue, the public might never know where that money is going. Between 2017 and 2019, the foundation

By STAN CHOE AP Business Writer NEW YORK (AP) — The stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange

By DAMIAN J. TROISE AP Business Writer Stocks wobbled to a mixed finish on Wall Street Monday as the market’s momentum slowed down following its best week since July. The S&P 500 index rose 0.3% but the Dow Jones Industrial Average fell 0.1%. Gains in several big technology companies helped push the Nasdaq up 0.8%.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Sinclair, Zillow fall; State Street, Peabody Energy rise.

REDMOND, Wash. (AP) — Microsoft has confirmed that executives in 2008 warned Bill Gates to stop sending flirtatious emails to a female employee but dropped the matter after he told them he would stop. The Wall Street Journal was first to report that Brad Smith, then Microsoft’s general counsel and now its president and vice

By MICHELLE CHAPMAN and ALAN SUDERMAN AP Business Writers Sinclair Broadcast Group says that some of its servers and work stations were encrypted with ransomware and that data was stolen from its network. The company operates dozens of TV stations across the U.S. and some were reporting disruptions to their operations. Sinclair said it started

By JIM HEINTZ Associated Press MOSCOW (AP) — Russia’s total number of coronavirus infections has topped 8 million and its daily infection toll has hit a new record. The national coronavirus task force said Monday that 34,325 new infections over the past day raised the pandemic-long total to 8,027,012. That represents more than 5% of

By STAN CHOE AP Business Writer NEW YORK (AP) — In the latest milestone for Bitcoin, the country’s first exchange-traded fund linked to the most popular digital currency should become available to investors. The ETF from ProShares, with the ticker symbol “BITO,” is expected to begin trading Tuesday, barring any opposition from regulators. The fund

By MATT OTT and MARCY GORDON AP Business Writers WASHINGTON (AP) — House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has a “final chance” to correct previous testimony by executives on its competition practices. They sent a letter to Amazon President and CEO Andy Jassy, marking an escalation

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting industry has become the first in the United States to take in more than a billion dollars’ worth of bets in a single month. Figures released Monday show Atlantic City’s nine casinos and the three racetracks around the state that take

By FRANK JORDANS Associated Press LONDON (AP) — The powerful chief editor of Germany’s best-selling newspaper Bild has been relieved of his duties following revelations of misconduct. Publishing company Axel Springer SE said Monday that Julian Reichelt was being axed from his post “with immediate effect.” The 41-year-old was suspended earlier this year as part

By STAN CHOE AP Business Writer NEW YORK (AP) — ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol “BITO” is expected to begin trading Tuesday, barring any opposition from regulators. It’s the latest milestone for Bitcoin and for the ETF industry in

By KIMBERLEE KRUESI and JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — Tennessee is poised to spend approximately $900 million of its tax revenues on incentives, infrastructure projects and more under an agreement with Ford Motor Co. The sweeping spending package must be approved by the Republican-led General Assembly, which began that work Monday. The

MEXICO CITY (AP) — Mexico’s capital has returned to the lowest level on its COVID-19 pandemic warning system for the first time since June. In practice, the changes to daily life were small Monday. Mask wearing is still common in streets of the city of 9 million, but the rhythm of life in the capital

HELSINKI (AP) — The Chinese-controlled Swedish car maker Volvo Cars will make a return as a listed company after a hiatus of more than two decades following an initial public offering and share listing in Sweden later this month. The Goteborg, Sweden-headquartered Volvo Cars said in a statement Monday that the company, owned by China’s

LUXEMBOURG (AP) — European Union foreign ministers have looked at ways to stop illegal migration into the 27-nation bloc from neighboring Belarus including stopping companies from leasing jets to Belarusian airline Belavia. Several EU leaders have accused the government of Belarusian President Alexander Lukashenko of facilitating migration into the EU in retaliation for EU sanctions.

LOS ANGELES (AP) — The Walt Disney Co. is pushing back the release dates of many of its upcoming titles, including the untitled Indiana Jones movie and the Black Panther sequel “Wakanda Forever.” The company says Monday that the fifth Indiana Jones will be delayed almost a year and open in theaters in June 2023.

By TOM KRISHER AP Auto Writer DETROIT (AP) — Global automakers are stepping up the pace when it comes to building factories to prepare for what many believe will be a fast-moving transition from internal combustion engines to electric vehicles. On Monday, Toyota, Stellantis, Foxconn, Ford and Volvo all made announcements about electric vehicle component