AP Business
Business and economic news from the Associated Press.
Latest stories
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Judge orders White House to restore access to CNN, MS NOW and Politico
A federal judge temporarily blocked President Donald Trump’s ban of three news outlets from the White House grounds. He said CNN, MS NOW and Politico must have their access restored. The ruling released early Thursday hands the outlets at least a temporary reprieve in what has been an extraordina...
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Morocco’s Authenticity and Modernity Party leads in provisional election results
CASABLANCA, Morocco (AP) — Morocco’s Authenticity and Modernity Party won the largest number of seats in the country’s parliamentary election, according to provisional results announced by the Interior Ministry early Thursday.
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Hundreds of trucks jam Turkey-Iran border crossing as US blockade pushes trade overland
GURBULAK BORDER CROSSING, Turkey (AP) — Hundreds of trucks idle along the road into Iran from Turkey’s mountainous eastern border. Bustling even in normal times, the countries' largest crossing is now a make-or-break economic lifeline for Tehran as the U.S. navy blockades its ports.
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Global shares mostly lower as oil rises and markets await Trump-Xi talks
Global shares are trading mostly lower as investors took in the recent swings in oil prices and the U.S. bond market. Benchmarks declined in early Thursday trading in France, Germany and Britain. U.S. shares were set to drift lower with Dow future and S&P 500 futures slipping. In Asia, Japan's be...
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Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
FRANKFURT, Germany (AP) — When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy.
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Senators to question FDA nominee about her views on abortion pill and vaccines
WASHINGTON (AP) — President Donald Trump’s nominee to take over the Food and Drug Administration is set to answer questions Thursday, with Senate lawmakers likely to focus on her plans for vaccines, the abortion pill and other products that have come under new scrutiny at the regulatory agency.
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Trump and Xi Jinping head into Washington summit with both leaders thinking time is on their side
WASHINGTON (AP) — Presidents Donald Trump and Xi Jinping have no shortage of difficult issues to cover when they sit down for talks on Thursday at the White House.
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One Tech Tip: iOS 27 comes with revamped screen time controls and other useful new features
Apple's latest mobile operating system update, iOS 27, rolled out last week, headlined by a more advanced version of its Siri assistant. But it also comes with a slew of other useful but less well known features for iPhone users.
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US will make up to $7 billion in loans to help Trump ally Milei tap Argentina’s oil and minerals
BUENOS AIRES, Argentina (AP) — The Trump administration said Wednesday it would set aside $7 billion for loans to support energy, mining and infrastructure projects in Argentina, its latest move to secure energy and critical minerals closer to home and back the South American country's libertaria...
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OpenAI's breach of Australian health department website prompts rebuke from Albanese
Australian Prime Minister Anthony Albanese says he is extremely concerned about OpenAI's security breach of a government website, and that the artificial intelligence company took too long to reveal the incident. Albanese made the breach public Thursday following a telephone conversation with Ope...
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Meta bets big on wearable AI, new AI agent as Zuckerberg pushes back against AI doom
Meta is diving into AI with new wearable devices and an AI agent called Muse. At the company's annual Connect conference, CEO Mark Zuckerberg emphasized optimism about AI's future. He distanced Meta from calls to slow AI development, arguing for empowering people. Meta introduced updates to its A...
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Skyrocketing diesel prices rattle Republicans as midterms approach
Diesel fuel, which powers the global economy and the American heartland, is hitting record prices as the war in the Middle East intensifies, leaving Republican candidates reeling and contemplating extreme steps that economists warn could only increase pain for consumers.
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Colombia's president sends troops to a Caribbean city after an outburst of violence
SANTA MARTA, Colombia (AP) — Troops patrolled the unusually empty streets of Colombia’s Caribbean resort city of Santa Marta on Wednesday as President Abelardo de la Espriella tried to restore order a day after an outburst of violence blamed on a drug-trafficking gang.
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Caesars stockholders approve $6 billion merger with Fertitta
LAS VEGAS (AP) — Caesars Entertainment shareholders have approved a multibillion-dollar merger with Fertitta Gaming that would create one of the largest gaming empires.
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Judge hears arguments without immediately ruling in lawsuit over White House ban on 3 news outlets
A federal judge weighing President Donald Trump’s ban of three news outlets from White House grounds expressed some skepticism Wednesday in response to the government’s defense of the move. U.S. District Judge Timothy Kelly didn’t rule from the bench after hearing arguments in the extraordinary s...
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Melania Trump rings New York Stock Exchange opening bell to launch new women's initiative Imperia
WASHINGTON (AP) — Melania Trump rang the opening bell at the New York Stock Exchange on Wednesday to promote her new initiative to help women become leaders and achieve economic power.
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Billionaire's political contributions make the Epstein files a focus of Ohio's US Senate race
COLUMBUS, Ohio (AP) — Billionaire Les Wexner has long been a magnet for political campaigns seeking contributions — especially in his native Ohio, where the retail tycoon directed a generous portion of his giving to candidates from both parties. Then came the Epstein files.
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More tech and hand-breaded chicken coming to McDonald's as part of $8.5 billion modernization push
McDonald’s said Wednesday it will spend $8.5 billion over the next decade to modernize its restaurants globally.
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40 years after Chernobyl, Italy greenlights a return to nuclear energy
ROME (AP) — Italy’s Senate on Wednesday gave final approval to legislation paving the way for a return to nuclear power nearly four decades after the Chernobyl disaster prompted the country to abandon atomic energy.
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What to know about the deal by Britain to surrender the Chagos Islands
LONDON (AP) — The fate of the Chagos Islands is in the hands of one man almost half a world away.
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Gap partners with boy band Just Your Type in multiyear partnership
NEW YORK (AP) — The Gap, a clothing brand that has featured everything from swing-and-jump blues to hip-hop and rap in commercials, is now tapping into the boy-band business.
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Prince Harry warns that AI chatbots may be more dangerous than social media for young users
NEW YORK (AP) — Prince Harry warned Wednesday at the Clinton Global Initiative that artificial intelligence chatbots designed to provide companionship are even more dangerous to young people than social media.
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FDA panel endorses first-of-a-kind cancer blood test from Grail
WASHINGTON (AP) — Federal health advisers on Wednesday endorsed a blood test designed to spot signs of various cancers in apparently healthy people while warning that it's far from clear how well the technology works.
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Australian executive in Myanmar linked to alleged financial misconduct is freed from jail
YANGON, Myanmar (AP) — An Australian businessperson who served as executive director of the American Chamber of Commerce in Myanmar was released from jail after more than 100 days of detention on financial misappropriation allegations, a Myanmar legal official said Wednesday.
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Rivian R2 vs. Tesla Model Y, an Edmunds electric SUV showdown
The Tesla Model Y has been the sales king of small electric SUVs since the moment it arrived. Many rivals have chased its success, but none have come close. Now it’s Rivian’s turn. The Rivian R2 is the California EV automaker’s first small electric SUV, and it’s gunning for the Model Y. Rivian’s ...
