AP National Business

WASHINGTON (AP) — The Supreme Court has rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes. The lawsuit had previously been dismissed by lower courts. The suit argued that the Republican-led tax law, signed by then-President Donald Trump,

NEW YORK (AP) — Stocks are mixed in the early going on Wall Street Monday as traders get back to work after a holiday weekend. The S&P 500 was up 0.2%. The benchmark index is coming off its second weekly loss in a row. Banks and other financial companies were in focus as more of

By ARITZ PARRA Associated Press MADRID (AP) — A cybersecurity rights group says the phones of dozens of pro-independence supporters in Spain’s northeastern Catalonia, including the elected regional chief, were hacked with controversial spyware available only to governments. Citizen Lab says its large-scale investigation found that at least 65 individuals were targeted or infected with

By MATT O’BRIEN AP Technology Writer Christian Klein was a teenager the first time he set foot in SAP’s headquarters in Walldorf, Germany as an intern. Now the 41-year-old is CEO of the software giant and steering its revenue shift from licensing fees to cloud computing subscriptions. April marks SAP’s 50th anniversary and the culmination

By KEN SWEET AP Business Writer NEW YORK (AP) — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation’s second-largest bank was helped by higher net interest income and modest exposure to

NEW YORK (AP) — U.S. markets were pointing toward losses before the open on Monday, following Asian markets lower after China reported that its economy expanded at a 4.8% annual pace in January-March. Futures for the S&P 500 lost 0.3% and that for the Dow Jones Industrial Average slipped 0.1%. Markets in Europe and in

By ANGELA CHARLTON Associated Press PARIS (AP) — Paris prosecutors are studying a report by the EU fraud agency accusing French far-right presidential candidate Marine Le Pen of misusing public funds while serving in the European Parliament. The report also names other members of her nationalist party, which seeks to diminish the EU’s powers. The

By PAUL J. WEBER and DAVE COLLINS Associated Press AUSTIN, Texas (AP) — Infowars has filed for Chapter 11 bankruptcy protection as the website’s founder and conspiracy theorist Alex Jones faces defamation lawsuits over his comments that the Sandy Hook Elementary School shooting was a hoax. The bankruptcy filing in Texas puts civil litigation on

By LIZ WESTON of NerdWallet Information about you — things you may have thought were private — is stored in databases operated by consumer reporting agencies. If there is data to track, there’s a good chance it’s in a database somewhere, including the size of your paychecks, the medications you take or how often you

By JOSH BOAK Associated Press WASHINGTON (AP) — The Biden administration is taking a key step to ensure federal dollars will support U.S. manufacturing. New guidance issued Monday will require material for projects like bridges, highways and broadband internet funded by last year’s infrastructure package be produced in the U.S. Waivers can be granted if

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Monday is Tax Day, the federal deadline for individual tax filings and payments. The IRS expects to receive tens of millions of last-minute filings electronically and through paper forms. The executive director of the National Society of Tax Professionals, Nina Tross, says if people haven’t filed their

BEIJING (AP) — Officials say three people have died from COVID-19 in Shanghai, in the first reported deaths in the latest outbreak in China’s most populous and wealthiest city. A City Health Commission inspector says all three were elderly, had underlying diseases such as diabetes and hypertension and had not been vaccinated against the coronavirus.

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador has failed to get enough votes to pass a constitutional reform limiting private and foreign firms in the electrical power industry. The reforms would have undone much of the market opening in power generation carried out by his predecessor in 2013. The lower house of

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s president has appointed 17 new Cabinet ministers as he and his powerful family seek to resolve a political crisis resulting from the country’s dire economic state. The appointments Monday follow weeks of protests over fuel and food shortages and demands that President Gotabaya

BEIJING (AP) — Officials say three people have died from COVID-19 in Shanghai, in the first reported deaths of the latest outbreak in China’s most populous and wealthiest city. City Health Commission inspector Wu Ganyu said all three were elderly, had underlying diseases such as diabetes and hypertension and had not been vaccinated against the

By KEVIN FREKING Associated Press WASHINGTON (AP) — A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities. Congress is looking to boost chip manufacturing and research in the United States with billions of federal dollars. Both the House and the Senate have

The Associated Press Netflix reports its first-quarter results Tuesday. The National Association of Realtors issues its monthly snapshot of U.S. home sales Wednesday. American Airlines delivers its latest quarterly results Thursday.

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares are mostly lower in Asia after China reported that its economy expanded at a 4.8% annual pace in the last quarter. Markets in Europe and in Hong Kong and Sydney were closed for holidays. Oil prices retreated, while U.S. futures were lower after benchmarks fell

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s economic growth edged up to a still-weak 4.8% over a year earlier in the first three months of 2022 as a wave of coronavirus outbreaks led to shutdowns of major industrial cities. Official data showed growth accelerated from the previous quarter’s 4%, when the economy

BEIJING (AP) — Thousands of people in Shanghai who test positive for the coronavirus but have few or no symptoms are being ordered into quarantine centers in exhibition halls and other buildings. The move is part of official efforts to contain China’s biggest coronavirus outbreak since the 2-year-old pandemic began. Most of Shanghai was shut