AP National Business

NEW ORLEANS (AP) — The Biden administration has scheduled an offshore oil and gas lease sale for the Gulf of Mexico on Nov. 17, obeying a court order. The Democratic president’s moratorium on new oil and gas leasing on federal lands was blocked by a judge in June. The government said it would resume sales

By JONATHAN LANDRUM Jr. AP Entertainment Writer LOS ANGELES (AP) — Dr. Dre, Snoop Dogg, Eminem, Mary J. Blige and Kendrick Lamar will perform for the first time together on stage at the 2022 Pepsi Super Bowl Halftime Show. The NFL, Pepsi and Roc Nation announced Thursday that the five music icons will perform on

By KEN SWEET AP Business Writer WASHINGTON (AP) — The Senate narrowly approved President Biden’s pick to run the Consumer Financial Protection Bureau on Thursday, giving the bureau a director who is likely to embrace an aggressive “watchdog” role, similar to how the agency operated under former President Obama. Rohit Chopra’s nomination was approved 50-48,

LEXINGTON, Ky. (AP) — Regulators want the family of West Virginia Gov. Jim Justice to pay a penalty and follow through on a promise to fix environmental problems at eastern Kentucky coal mines. The Kentucky Energy and Environment Cabinet asked a circuit judge this week to enforce an agreement over reclamation violations. The Lexington Herald-Leader

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — The Biden administration is putting final touches on long-sought consumer protections against so-called “surprise” medical bills. The ban on charges that hit insured patients at some of life’s most vulnerable moments will take effect Jan. 1. Patients will no longer have to worry about getting a huge

By MARCY GORDON and BARBARA ORTUTAY AP Business Writers WASHINGTON (AP) — Senators have fired a barrage of criticism at a Facebook executive over the social-networking giant’s handling of internal research on how its Instagram photo-sharing platform can harm teens. The lawmakers accused Facebook of concealing the negative findings about Instagram and demanded a commitment

The Associated Press Stocks ended another volatile day lower on Wall Street Thursday, bringing the market closer to its first bear market since the beginning of the pandemic. The S&P 500, the benchmark for many index funds, fell and is now down 18.7% from the record high it set early this year, nearly at the

Stocks that traded heavily or had substantial price changes Thursday: Perrigo, Virgin Galactic rise; CarMax, Devon Energy fall.

GREELEY, Colo. (AP) — Officials say meatpacker JBS Foods Inc. faces about $59,000 in fines following the death of a worker who fell into a vat of chemicals used to process animal hides at one of the company’s meat processing facilities in northern Colorado. The Occupational Safety and Health Administration says the employee at the

By ELAINE KURTENBACH AP Business Writer Asian markets have tumbled on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic. Tokyo skidded 2% and Australia’s benchmark sank 2.3%. Markets in Shanghai and Hong Kong were closed for holidays. The S&P 500 ended September down 4.8%, its first monthly drop since

By KEVIN FREKING Associated Press WASHINGTON (AP) — With only hours to spare, Congress passed legislation that would avoid a partial federal shutdown and keep the government funded through Dec. 3. The bill now goes to President Joe Biden to be signed into law. The votes will help avert one crisis, but efforts to stave

By JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — Gun manufacturer Smith & Wesson plans to relocate its headquarters from Massachusetts in a $125 million investment expected to create 750 jobs in Tennessee. The company founded in 1852 is currently centered in Springfield, Massachusetts. Tennessee’s Department of Economic and Community Development says Smith & Wesson

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The number of U.S. clinics pushing unproven stem cell procedures has ballooned in recent years. The Food and Drug Administration gave clinics three years to show that their questionable treatments were safe and worked. But today none of the clinics have won FDA approval and there

The Associated Press Benchmark U.S. crude oil for July delivery fell 52 cents to $109.77 a barrel Tuesday. Brent crude for July delivery rose 14 cents to $113.56 a barrel. Wholesale gasoline for June delivery rose 1 cent to $3.81 a gallon. June heating oil rose 1 cent to $3.78 a gallon. June natural gas

WASHINGTON (AP) — Crews will use a barge outfitted with a crane to try to recover a cargo plane that ditched into the ocean off Honolulu. The National Transportation Safety Board said Thursday it is sending investigators to the site where the Boeing 737 went into the water back in July. The two pilots were

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Major stock indexes on Wall Street were mixed in afternoon trading Thursday and headed for steep monthly losses. The S&P 500 fell 0.2% and is on track for a 4% loss in September. It would mark the first monthly loss since January and the worst

By SARA BURNETT Associated Press CHICAGO (AP) — Republicans are using money from the $1.9 trillion coronavirus relief package for projects on conservatives’ wish lists. Alabama lawmakers are advancing a plan to use $400 million of the state’s coronavirus relief funds toward building prisons. In Texas, a Republican-led county pledged to help Gov. Greg Abbott

By TOM KRISHER, JONATHAN MATTISE and BRUCE SCHREINER Associated Press NASHVILLE, Tenn. (AP) — Ford’s blockbuster announcement this week that it would build four vast new factories in Kentucky and Tennessee by 2025 and hire nearly 11,000 workers raised a big unanswered question: Just how good will those jobs be? No one — not Ford,

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Soaring home prices are driving the fastest pace of growth in homeowner equity in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year. Homes with a mortgage gained an

By ALEX DANIELS of The Chronicle of Philanthropy Chronicle of Philanthropy Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday. Commissioned by the Knight Foundation, the report found that 30 of the largest grantmakers deployed a