AP National Business

By RONALD BLUM AP Baseball Writer NEW YORK (AP) — The average salary in the major leagues rebounded to $4.4 million on opening day, boosted by a frenzy of free agent signings before and after the 99-day lockout, according to a study of baseball contracts by The Associated Press. New York Mets pitcher Max Scherzer

By FATIMA HUSSEIN and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Two House committees have launched an investigation into the government’s use of facial recognition software. The technology was most recently used by the Internal Revenue Service, but that was stopped after lawmakers and privacy advocates raised concerns. Critics of the software say databases could

LAS VEGAS (AP) — A Southern California shoe store owner accused of mistakenly shooting and wounding a 9-year-old girl when he opened fire at shoplifters has agreed to be returned from Nevada to face charges. Police have said Marqel Cockrell fled the state in his car after the girl was hit by bullets on Tuesday

SALINAS, Calif. (AP) — A massive fire at a Northern California food processing plant prompted authorities to tell thousands of nearby residents to evacuate and to order tens of thousands more to stay inside their homes. The fire at the Taylor Farms packaged salad plant in Salinas started Wednesday night and was still burning Thursday

SALINAS, Calif. (AP) — A massive fire at a Northern California food processing plant plume prompted authorities to tell thousands of nearby residents to evacuate and to order tens of thousands more to stay inside their homes. The fire at the Taylor Farms packaged salad plant in Salinas started Wednesday night and was still burning

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks fell on Wall Street Thursday as investors reviewed the latest economic data and corporate earnings amid lingering concerns about inflation and rising interest rates. The S&P 500 fell 1%, the Dow Jones Industrial Average fell 0.1%, and the Nasdaq fell

SACRAMENTO, Calif. (AP) — In a story published April 13, 2022, about California’s electric vehicle regulations, The Associated Press erroneously reported the rules are expected to lower greenhouse gas emissions annually by 384 million metric tons of carbon dioxide equivalent from 2026 to 2040. That number is the cumulative emissions savings over that time period,

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Like most businesses across the U.S., casinos are racing to hire new workers. That is leading to better wages and benefits in some places, and forcing casinos to become more creative. MGM Resorts used virtual reality goggles to let some job applicants experience what the

WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation. The average 5% rate on the 30-year mortgage was up from 4.72% last week, mortgage buyer Freddie Mac reports. The average rates

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — The Clinton Health Access Initiative selected Dr. Neil Buddy Shah as its new CEO Thursday, a sign of the global health organization’s move towards growth in low- and middle-income nations and use of new philanthropic efforts to help fund the expansion. Shah is currently managing

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration says it will begin cracking down on e-cigarettes that have used synthetic nicotine to skirt oversight. The companies behind those products sell vaping flavors that appeal to kids. Previously, the agency could only regulate products that used nicotine derived from tobacco.

By LAURIE KELLMAN Associated Press TEL AVIV, Israel (AP) — Israel’s leaders say the military’s laser defense system has successfully intercepted drones, mortars, rockets and anti-tank missiles in recent tests. Prime Minister Naftali Bennett said in a statement Thursday that the laser interceptions are “silent, they’re invisible and they only cost around $3.50” apiece. The

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Thursday as investors reviewed the latest economic data and corporate earnings amid lingering concerns about inflation and rising interest rates. The S&P 500 fell 0.5%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq fell

By The Associated Press PARIS (AP) — With tensions around the war in Ukraine as a backdrop, the Cannes Film Festival plans to host some 35,000 people as the movie industry looks to reclaim its pre-pandemic glamour. On Thursday, organizers unveiled the 18 films that will compete for the coveted Palme d’Or prize at the

By KEN SWEET AP Business Writer NEW YORK (AP) — Four big banks reported noticeable declines in their first quarter profits on Thursday, as the volatile markets and war in Ukraine caused dealmaking to dry up and a slowdown in the housing market caused the mortgage market to slow. The results from Citigroup, Goldman Sachs,

Associated Press NEW YORK (AP) — Stocks are mixed at the open on Wall Street Thursday as investors again turn their attention to the drama surrounding Elon Musk and Twitter. Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he’d accumulated a 9% stake. Twitter rose 2.2% to

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The head of the International Monetary Fund warned that Russia’s war against Ukraine was weakening the economic prospects for most of the world’s countries and called high inflation “a clear and present danger’’ to the global economy. IMF Managing Director Kristalina Georgieva said the consequences of