AP Business
Business and economic news from the Associated Press.
Latest stories
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Serbia's protesting youth formally join race challenging Vucic before next month's election
BELGRADE, Serbia (AP) — University students behind nearly two years of anti-government protests in Serbia on Monday formally entered the election race before an early parliamentary vote, challenging populist President Aleksandar Vucic.
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Abbott agrees to settlement over closure of largest baby formula plant in the US
Abbott Laboratories will pay $385 million to resolve claims tied to an investigation of contamination at a baby formula factory in Sturgis, Michigan, the largest in the country, which led to the supply shortages in 2022.
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Supreme Court to decide whether to hear Maine lobsterman’s challenge to GPS boat tracker requirement
PORTLAND, Maine (AP) — The Supreme Court will decide later this month whether to hear a lobster fisherman’s challenge to a government requirement that boats use electronic tracking devices. That case could have broad consequences for the American commercial fishing industry.
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Costco raises price for Kirkland motor oil, sets purchase limit
Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again.
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Officials say 4 people were hospitalized after a crane collapsed at a Miami construction site
MIAMI (AP) — A crane towering over a construction site in an upscale Miami neighborhood toppled onto a passing vehicle Monday morning, setting it on fire and injuring the driver and three construction workers, officials said.
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Trump dismisses new AI guardrails, says there is a 'SICK conspiracy' against AI and data centers
President Donald Trump says he is a sufficient guardrail against rogue artificial intelligence, claiming that any efforts to limit the technology is part of a “SICK conspiracy.” The president specifically said on social media on Monday that the administration has already stopped the AI company An...
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Japanese utility execs resign over falsified quake safety data for 2 nuclear reactors
TOKYO (AP) — The president of Chubu Electric Power Co., Japan's third-largest utility, said Monday that he and the chairperson are resigning to take responsibility over the company's yearslong manipulation of earthquake safety data for two nuclear reactors and that the operator will withdraw appl...
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EPA eliminates rule that limits planet-warming greenhouse gas emissions from power plants
WASHINGTON (AP) — The Environmental Protection Agency said Monday it is repealing rules that limit planet-warming greenhouse gas emissions from power plants fueled by coal and natural gas, an action the agency said would remove more than $300 billion in costs for the industry and help “unleash” A...
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The great American road trip, fueled by — and undercut by — the automobile that created it
NASHVILLE, Tenn. (AP) — There's something about the American road trip.
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Oprah Winfrey wants you to reach your ‘AHA’ moment at the Sphere
NEW YORK (AP) — Oprah Winfrey stood alone at the Sphere, attempting to comprehend what she had witnessed after U2’s opening night performance in 2023. Mesmerized by the multisensory event, the Queen of All Media had a thought: Could she use the groundbreaking, 4D capabilities of the globe-shaped ...
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PHOTO ESSAY: Border wall cuts through wildlife refuge
ALAMO, Texas (AP) — A segment of border wall erected in late July stands incomplete along the edge of a wildlife refuge in Alamo, Texas, after a lawsuit halted work.
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Houthis seize 2 strategic Red Sea islands, and other Mideast developments
Yemen's Houthi rebels have seized the strategic islands of Greater and Lesser Hanish in the southern Red Sea. This move strengthens their control over a key maritime shipping route. Houthi officials announced the takeover Monday amid Saudi-backed government forces' attempts to reclaim territory. ...
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Prosecutors charge German-Ukrainian woman with aiding Russian intelligence
BERLIN (AP) — Germany's federal prosecutor's office said Monday it had filed charges against a German-Ukrainian woman suspected of acting on behalf of Russian intelligence.
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European leaders meet as Arctic thaw opens shipping routes and Russian buildup stokes security fears
ROVANIEMI, Finland (AP) — European leaders joined forces Monday to highlight growing competition in the Arctic, where global warming is opening new shipping routes, governments are vying for vast natural resources and a Russian military buildup is heightening security concerns.
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Africa's biggest oil refinery opens to public ownership, sparking excitement among retail investors
LAGOS, Nigeria (AP) — Nigerian industrialist Aliko Dangote opened his refinery to public ownership Monday with plans to raise $1.6 billion from retail investors across the continent in Africa’s biggest initial public offering, or IPO.
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Saudi pipeline hit by drones will be out of service for weeks, further restricting oil flow
A crucial Saudi oil pipeline that was struck in an attack will mostly be out of service for weeks as the damage is repaired. That's according to two regional officials. The East-West Pipeline, which runs across the kingdom, is key to Saudi Arabia’s strategy of shifting its oil exports to the Red ...
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AI stocks drop on calls for a slowdown as rising oil prices push the 10-year yield to 5%
AI stocks are sliding worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity. Another climb in oil prices, meanwhile, briefly sent the bond market to its latest pressure-raising milestone Monday as the yield on the 10-year Treasury touched 5% for the first ...
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Steve Ballmer backs down on NBA punishment, apologizes as Clippers accept $30 million fine
INGLEWOOD, Calif. (AP) — Los Angeles Clippers owner Steve Ballmer won't fight the NBA's salary cap circumvention punishment in a reversal of the team's initial defiance and vow to fight against what it called “a heavily biased investigation.”
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Carney pitches Canada to global investors as Trump tries to pull investment south
TORONTO (AP) — U.S. President Donald Trump wants factories and investment moving south to the United States. Canadian Prime Minister Mark Carney is betting he can make billions flow north.
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Global customers crave texture, challenging companies to make crispier, gooier, chewier foods
Texture is having a crunchy, gooey moment in the food and beverage industry.
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New warnings about the risks of AI to humanity revive a long-running debate
New warnings from the artificial-intelligence industry have revived debate over whether advanced AI models could escape human control and threaten humanity. The CEO of Anthropic suggests the industry should slow down developing the technology and put more safeguards in place. Worries that an arti...
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Amazon suspends use of 21 Air, the cargo carrier whose plane careened off Miami runway and killed 5
The cargo airline that flew the plane that ran off the end of a Miami runway over Labor Day weekend and killed five people lost one of its biggest customers when Amazon suspended its partnership with 21 Air. It’s not yet clear if the company will lose more business. The Boeing 767 came in fast an...
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Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough
WASHINGTON (AP) — President Donald Trump had been hearing the message loud and clear for weeks about the sweeping cryptocurrency bill being written in the Senate: to get it across the line, he would have to agree to ethics provisions that apply to him, too.
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Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
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'60 Minutes' opens 59th season on CBS with no direct mention of show's off-season turmoil
NEW YORK (AP) — The venerable newsmagazine “60 Minutes” opened its 59th season on CBS-TV on Sunday night with no direct mention of the turmoil and departures that have unfolded behind the scenes in recent months.
