AP National Business

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed’s rules on investments. Eric Rosengren, the president of the Federal Reserve Bank of Boston,

By BRIAN MELLEY Associated Press LOS ANGELES (AP) — Attorneys for families sickened and forced from their Los Angeles homes after the nation’s largest-known natural gas leak say they’ve reached a settlement of up to $1.8 billion with a utility. The settlement announced Monday with Southern California Gas Co. and its parent company will compensate

By TOM KRISHER and BRUCE SCHREINER Associated Press GLENDALE, Ky. (AP) — Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025.  It’s a dramatic investment in the future of EV technology that will create an estimated 10,800 jobs and shift the automaker’s

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is preparing to tell Congress that the current spike in U.S. inflation has proven to be larger and more long-lasting than expected. But he is due to say that if inflation does not abate, the Fed is ready to use its

By HUIZHONG WU Associated Press TAIPEI, Taiwan (AP) — China’s Foreign Ministry says two Canadians detained in late 2019 who were allowed to return to Canada were released on bail for health reasons. A ministry spokesperson made the comment as Beijing sought to downplay the connection between their release and the return to China of

By NICHOLAS K. GERANIOS Associated Press SPOKANE, Wash. (AP) — Greyhound Lines Inc. will pay $2.2 million to settle a lawsuit over the bus line’s practice of allowing U.S. Customs and Border Protection agents to board its buses in Washington state to conduct immigration sweeps. State attorney General Bob Ferguson announced the settlement Monday. The

TALLAHASSEE, Fla. (AP) — Republican Gov. Ron DeSantis is asking Florida’s secretary of state to investigate Facebook based on a news article that reported the social media company gives preferential treatment to prominent people. DeSantis wrote to Secretary of State Laurel Lee on Monday to see if Facebook’s policies violated Florida election law. The Republican

By JILL LAWLESS Associated Press LONDON (AP) — The British government has put dozens of soldiers on standby to help easy fuel supply problems caused by a shortage of truck drivers. The delivery problems have spurred panic buying of gasoline. The government said Monday that it was placing British army tanker drivers in “a state

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Robert Kaplan will step down as president of the Federal Reserve Bank of Dallas early next month, the Dallas Fed announced Monday. Kaplan, 64, will become the second senior Fed official to resign after ethics questions were raised over their trading activity in the financial markets.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks wound up a mixed bag on Wall Street Monday as losses for several Big Tech companies checked gains elsewhere in the market. The S&P 500 fell 0.3%, while the tech-heavy Nasdaq lost 0.5%. Microsoft fell 1.7% and Apple gave back 1.1%. The Dow Jones

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Global Citizen Live, a 24-hour concert that featured performances from Stevie Wonder, Jennifer Lopez, BTS and Elton John and dozens of other stars, raised $1.1 billion in commitments and pledges over the weekend to fight extreme poverty. Broadcasting from sites on six continents, including New

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Robert Kaplan will step down as president of the Federal Reserve Bank of Dallas early next month, the Dallas Fed announced Monday. Kaplan, 64, will become the second senior Fed official to resign after ethics questions were raised over their trading activity in the financial markets.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Kraton, Hess rise; Apple, Moderna fall.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Kraton, Hess rise; Apple, Moderna fall.

The Associated Press Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. Banks and technology stocks made some of the strongest gains. Bond yields rose. Concerns about inflation have been weighing on the market and have kept major indexes in a

The Associated Press Stocks wound up a mixed bag on Wall Street Monday as losses for several Big Tech companies checked gains elsewhere in the market. The S&P 500 and the tech-heavy Nasdaq fell. The Dow Jones Industrial Average rose, as did a measure of small-company stocks. Treasury yields continued to climb.

ATHENS, Greece (AP) — Greek state ERT TV has reported that the leaders of Greece and France are expected to announce a major, multi-billion euro deal in Paris on Tuesday involving the purchase by Greece of French-built warships. ERT said Monday that Greece was planning to acquire at least three French FDI frigates and another

ATHENS, Greece (AP) — Greek state ERT TV has reported that the leaders of Greece and France are expected to announce a major, multi-billion euro deal in Paris on Tuesday involving the purchase by Greece of French-built warships. ERT said Monday that Greece was planning to acquire at least three French FDI frigates and another

LAS VEGAS (AP) — The owner of The Cosmopolitan of Las Vegas is selling the 3,000-room Las Vegas Strip hotel in a $5.65 billion deal. New York private equity firm Blackstone said Monday that the new owners will be the Cherng Family Trust, headed by Panda Express billionaires Andrew and Peggy Cherng; real estate investment

LAS VEGAS (AP) — The owner of The Cosmopolitan of Las Vegas is selling the 3,000-room Las Vegas Strip hotel in a $5.65 billion deal. New York private equity firm Blackstone said Monday that the new owners will be the Cherng Family Trust, headed by Panda Express billionaires Andrew and Peggy Cherng; real estate investment