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1 hour ago

Better results from retailers help send stock market higher

Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other retailers
1 hour ago
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, May 26, 2022. Asian stock markets were mixed Thursday after notes from the Federal Reserve's latest meeting confirmed expectations for more interest rate hikes but contained no surprises to rattle investors. (AP Photo/Kin Cheung)
1 hour ago

Correction: Starbucks-Union-Bargaining story

In a story published May 25, 2022, about Starbucks and unionization, The Associated Press erroneously reported the number of stores and workers that could be represented by a union
1 hour ago
1 hour ago

Twitter shareholders sue Musk, say he 'deflated' stock price

Twitter shareholders have filed a lawsuit against billionaire Elon Musk, accusing him of unlawfully sowing doubt about his bid to buy Twitter
1 hour ago
FILE - Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Twitter shareholders have filed a lawsuit accusing Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday, May 25, in the U.S. District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price. (Patrick Pleul/Pool Photo via AP, File)
1 hour ago

How major US stock indexes fared Thursday

Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other retailers
1 hour ago
1 hour ago

Macy's, Dollar Tree rise; Nutanix, Medtronic fall

Stocks that traded heavily or had substantial price changes Thursday: Macy’s, Dollar Tree rise; Nutanix, Medtronic fall
1 hour ago
2 hours ago

More Memorial Day travel expected, despite high gas prices

Pandemic-weary U.S. residents are confronting high gas prices as they decide whether to travel this Memorial Day weekend
2 hours ago
High gas prices are shown in Los Angeles, Tuesday, May 24, 2022. To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country. (AP Photo/Jae C. Hong)
2 hours ago
FILE - Cars line up in two directions at a gas station in New York City, on Dec. 23, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed. (AP Photo/Marty Lederhandler, File)
3 hours ago

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
3 hours ago
3 hours ago

Justices won't block Biden policy on 'social cost of carbon'

The Supreme Court has allowed the Biden administration to use a higher estimate than Republican-led states want for calculating damages to people and the environment from greenhouse gas emissions
3 hours ago
U.S. President Joe Biden waves as he boards Air Force One at Yokota Air Base in Fussa, Japan, Tuesday, May 24, 2022. (AP Photo/Eugene Hoshiko)
3 hours ago

Southwest, JetBlue boost forecasts on strong travel demand

Airline stocks are soaring, with Southwest and JetBlue saying revenue this summer will be even stronger than they were expecting
3 hours ago
3 hours ago

Sri Lanka PM stresses urgency for economic reform plan

Sri Lanka’s prime minister says that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund
3 hours ago
A Sri Lankan woman waits in a deserted gas station, hoping to buy kerosene oil for cooking in Colombo, Sri Lanka, Thursday, May 26, 2022. Sri Lankans for months have been forced to stand in long lines to buy scarce essentials, with many returning home empty-handed. There is a severe shortage of many goods, from food, cooking gas, medicine and fuel to toilet paper and matchsticks. (AP Photo/Eranga Jayawardena)
4 hours ago

Iraqi lawmakers pass bill criminalizing any ties with Israel

Iraqi lawmakers have passed a bill criminalizing any normalization of ties and any relations, including business ties, with Israel
4 hours ago
May 26

West mulls having Russian oligarchs buy way out of sanctions

Government officials familiar with the matter say Western allies are considering whether to allow Russian oligarchs buy their way out of western sanctions and using the money to rebuild Ukraine
May 26
May 26

At Davos, climate activists say major issues ignored

Climate activists are reflecting on discussions during this week's World Economic Forum in Davos, Switzerland
May 26
Climate activists Elizabeth Wathuti of Kenia, Vanessa Nakate of Uganda and Helena Gualinga of Ecuador attend the climate protest alongside the World Economic Forum in Davos, Switzerland, Thursday, May 26, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Evgeniy Maloletka)
May 26

Davos ends with Germany pushing global work on climate, war

German Chancellor Olaf Scholz has expressed hopes for global cooperation on climate change, hunger and war as dozens of climate activists demonstrated in the Swiss town of Davos
May 26
Former U.S. vice president Al Gore speaks during a conversation at the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)
May 26

Macy's raises annual profit outlook on strong Q1 results

Shoppers’ return to occasion dressing helped to power Macy’s fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans’ budgets
May 26
Shoppers walk to the Macy's store in the Downtown Crossing district, Wednesday, Nov. 17, 2021, in Boston. Macy’s reported better-than-expected results for the fiscal first quarter, Thursday, May 26, 2022, even as the department store chain faces higher costs. (AP Photo/Charles Krupa)
May 26

CEO pay up 17% as profits, stocks soar; workers fall behind

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million
May 26
May 26

Big tech deals keep coming: Broadcom buys VMware for $61B

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and some economic uncertainty
May 26
FILE - The Exterior view of VMware headquarters in Palo Alto, Calif., Wednesday, Oct. 24, 2007. Computer chip and software maker Broadcom, on Thursday, May 26, 2022, will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year, despite rising inflation and some economic uncertainty. (AP Photo/Paul Sakuma, File)
May 26

Alibaba reports slowest growth yet amid COVID-19 outbreaks

Alibaba Group Holding on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China
May 26
FILE - A woman wearing a face mask run past the offices of Chinese e-commerce firm Alibaba in Beijing on Dec. 13, 2021. Alibaba Group Holding Ltd on Thursday, May 26, 2022, reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China. (AP Photo/Andy Wong, File)
May 26

Live updates | Putin says West will fail in isolating Russia

Russian President Vladimir Putin says the West will fail in its attempts to isolate Russia and face growing economic problems
May 26
Kyiv Mayor Vitali Klitschko speakes at a conversation about the war in Ukraine during the World Economic Forum in Davos, Switzerland, Thursday, May 26, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)
May 26

US economy shrank by 1.5% in Q1 but consumers kept spending

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter
May 26
In this July 21, 2021 photo, a consumer shops at a retail store in Morton Grove, Ill. The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy's outlook. Earnings reports from Walmart, Target and Amazon this month showed higher costs are hurting retailers' operations. (AP Photo/Nam Y. Huh)
May 26

Germany: G-7 nations can lead the way on ending coal use

Germany’s energy and climate minister says the Group of Seven wealthy nations can lead the way on ending the use of coal
May 26
Robert Habeck, Federal Minister for Economic Affairs and Climate Protection, and Steffi Lemke , Federal Minister for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, arrive at the meeting of the G7 Ministers for Climate, Energy and the Environment in Berlin, Germany, Thursday, May 26, 2022. (Kay Nietfeld/dpa via AP)
May 26

Fewer Americans apply for jobless benefits last week

Fewer Americans applied for jobless aid last week as the number of Americans collecting unemployment benefits remains near five-decade lows
May 26
FILE - A hiring sign is displayed outside of a Starbucks in Schaumburg, Ill., Friday, April 1, 2022. The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades. Applications for unemployment benefits rose by 1,000 to 203,000 for the week ending May 7, the Labor Department reported Thursday, May 12. (AP Photo/Nam Y. Huh)
May 26

Retailers' troubles sound the alarm for rest of economy

The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy’s outlook
May 26
In this July 21, 2021 photo, a consumer shops at a retail store in Morton Grove, Ill. The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy's outlook. Earnings reports from Walmart, Target and Amazon this month showed higher costs are hurting retailers' operations. (AP Photo/Nam Y. Huh)
May 26

How much the top-paid male, female CEOs made in 2021

Expedia's Peter Kern and Warner Bros
May 26
May 26

Davos updates | Scholz doesn't think Putin will win war

German Chancellor Olaf Scholz has reiterated his conviction that Russian President Vladimir Putin will not win the war in Ukraine
May 26
German Finance Minister Christian Lindner, left, and German Chancellor Olaf Scholz, right, talk prior to the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, May 25, 2022. (AP Photo/Michael Sohn)
May 26

Davos Voices: What leaders say about climate change, war

The World Economic Forum’s annual gathering of CEOs, government leaders and other elites this week in the Swiss town of Davos may seem full of important but impersonal announcements
May 26
Allen Blue is Vice President of Product Management and Co-Founder at LinkedIn pose for a photo after an interview with The Associated Press during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)
May 26

Female CEO’s pay rose 26% in 2021, but ranks remain small

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared
May 26
May 26

Turkish central banks keeps rate at 14% despite inflation

Turkey’s central bank kept its main interest rate unchanged for a fifth month running despite an annual inflation rate of nearly 70%
May 26
FILE - Turkey's President Recep Tayyip Erdogan arrives for a ceremony, in Ankara, Turkey on May 16, 2022. Within a two-week span, Turkey's president has caused a stir by throwing a wrench in Sweden and Finland's historic bid to join the NATO alliance, lashed out at NATO-ally Greece and announced plans for a new incursion into Syria. The Turkish leader appears to be using Turkey's power to veto NATO's expansion as an opportunity to air a variety of grievances against the Western nations and to force them to take action against Kurdish militants and other groups that Turkey views as terrorists. (AP Photo/Burhan Ozbilici, File)
May 26

Japan's troubled Toshiba proposes outside directors to board

Troubled Japanese technology giant Toshiba has announced some additions to its proposed leadership ahead of a shareholders’ meeting next month
May 26
FILE - The logo of Toshiba Corp. is seen at a company's building in Kawasaki near Tokyo, on Feb. 19, 2022. Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, May 26, 2022, ahead of a shareholders’ meeting next month. (AP Photo/Shuji Kajiyama, File)
May 26

US making COVID antiviral drug more available at test sites

The White House has announced more steps to make the antiviral treatment Paxlovid more accessible across the U.S. as it projects COVID-19 infections will continue to spread over the summer travel season
May 26
White House COVID-19 Response Coordinator Dr. Ashish Jha speaks during the daily briefing at the White House in Washington, Tuesday, April 26, 2022. (AP Photo/Susan Walsh)
May 26

UK foreign secretary visits Bosnia to pledge support

British Foreign Secretary Liz Truss is visiting Sarajevo to reaffirm the U.K.’s commitment to peace and stability in Bosnia amid growing fears of malign influence from Russia in the ethnically-divided Balkan country
May 26
Foreign Secretary of the United Kingdom, Elizabeth Truss, arrives for an informal working dinner of the North Atlantic Council in Foreign Ministers' session with the Foreign Ministers of Finland and Sweden in Berlin, Germany, Saturday, May 14, 2022. (AP Photo/Michael Sohn)
May 26

Housekeepers struggle as US hotels ditch daily room cleaning

Many hotels across the United States have done away with daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling
May 26
Sonia Guevara poses for a photo, Wednesday, May 18, 2022, outside the Hilton hotel where she works as a housekeeper in downtown Seattle. Many hotels across the United States have done away with daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling. (AP Photo/Ted S. Warren)
May 26

Asian stocks mixed after Fed confirms rate hike plans

Asian stock markets are mixed after notes from the Federal Reserve’s latest meeting confirmed expectations of more interest rate hikes but contained no surprises to rattle investors
May 26
Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), center, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Wednesday, May 25, 2022. Asian stock markets were mixed Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. (AP Photo/Lee Jin-man)
May 26

Goodbye NYC; Estimates show big city losses, Sunbelt gains

Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic
May 26
FILE - New York's Lower Manhattan skyline, including the One World Trade Center, left, is reflected in water on April 6, 2013, as seen from Liberty State Park in Jersey City, N.J. Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic, with only Phoenix and San Antonio gaining new residents from 2020 to 2021, according to new estimates released, Thursday, May 26, 2022, by the U.S. Census Bureau. (AP Photo/Mel Evans, File)
May 26

Goodbye NYC; Estimates show big city losses, Sunbelt gains

Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic
May 26
FILE - New York's Lower Manhattan skyline, including the One World Trade Center, left, is reflected in water on April 6, 2013, as seen from Liberty State Park in Jersey City, N.J. Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic, with only Phoenix and San Antonio gaining new residents from 2020 to 2021, according to new estimates released, Thursday, May 26, 2022, by the U.S. Census Bureau. (AP Photo/Mel Evans, File)
May 26

Goodbye NYC; Estimates show big city losses, Sunbelt gains

Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic
May 26
FILE - New York's Lower Manhattan skyline, including the One World Trade Center, left, is reflected in water on April 6, 2013, as seen from Liberty State Park in Jersey City, N.J. Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic, with only Phoenix and San Antonio gaining new residents from 2020 to 2021, according to new estimates released, Thursday, May 26, 2022, by the U.S. Census Bureau. (AP Photo/Mel Evans, File)
May 26

Goodbye NYC; Estimates show big city losses, Sunbelt gains

Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic
May 26
FILE - New York's Lower Manhattan skyline, including the One World Trade Center, left, is reflected in water on April 6, 2013, as seen from Liberty State Park in Jersey City, N.J. Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic, with only Phoenix and San Antonio gaining new residents from 2020 to 2021, according to new estimates released, Thursday, May 26, 2022, by the U.S. Census Bureau. (AP Photo/Mel Evans, File)
May 25

Workers' advocates turned away at Dollar General meeting

A civil rights advocate says he and two Dollar General store workers were denied access to the company’s shareholder meeting in Tennessee where they had been outside protesting for better pay and workplace safety improvements
May 25
FILE - The Rev. William Barber and the Poor People's Campaign talk to reporters about the need for the "Build Back Better" plan, voting rights, health care, immigrant rights and action on climate change, during a news conference on Capitol Hill in Washington, Wednesday, Oct. 27, 2021. The Rev. William Barber, a civil rights advocate says he and two Dollar General store workers were denied access to the company's shareholder meeting Wednesday, May 25, 2022 where they had been outside protesting for better pay and workplace safety improvements. (AP Photo/Jose Luis Magana, File)
May 25

Twitter to pay $150M penalty over privacy of users' data

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span
May 25
FILE - In this April 26, 2017, photo is a Twitter app icon on a mobile phone in Philadelphia. Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span. The Justice Department and the Federal Trade Commission announced the settlement Wednesday, may 25, 2022, with Twitter. (AP Photo/Matt Rourke, File)
May 25

Administration opposes airlines in lawsuit over crew breaks

The Biden administration is siding against the airline industry in a case that involves whether California-based flight crews should get the rest breaks that are required under state law
May 25
FILE - American Airlines ticket agent Henry Gemdron, left, works with a customer at Miami International Airport in Miami, on Sept. 30, 2020. The Biden administration is siding against the airline industry in a case that involves whether California-based flight crews should get the rest breaks that are required under state law. The airlines say they should not — that only the federal government can regulate the airline industry. On Wednesday, May 25, 2022 the Biden administration asked the U.S. Supreme Court to let the California law stand or send the matter back to lower courts for more consideration. (AP Photo/Lynne Sladky, File)
May 25

Russia takes steps to bolster army, tighten grip on Ukraine

Russian President Vladimir Putin is trying to strengthen his control of southern Ukraine by giving residents of two regions a fast path to Russian citizenship
May 25
A local resident walks next to a house destroyed in a Russian shelling in Kramatorsk, Ukraine, Wednesday, May 25, 2022. (AP Photo/Andriy Andriyenko)
May 25

How major US stock indexes fared Wednesday

Stocks rose broadly on Wall Street Wednesday after minutes from the Federal Reserve’s most recent meeting indicate the central bank intends to move “expeditiously” to raise interest rates back to more neutral levels in its fight to tame inflation
May 25
May 25

Nordstrom, Caleres rise; Mr. Cooper, Raymond James fall

Stocks that traded heavily or had substantial price changes Wednesday: Nordstrom, Caleres rise; Mr. Cooper, Raymond James fall
May 25
May 25

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
May 25
May 25

Fed officials signal rates may head to 'restrictive' levels

Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high
May 25
Federal Reserve Board Chair Jerome Powell takes the oath of office for his second term, Monday, May 23, 2022, in Washington. (AP Photo/Patrick Semansky)
May 25

Scars of war seem to be everywhere in Ukraine after 3 months

No matter where Ukrainians live, the 3-month-old war never seems to be far away
May 25
A worker paints a "Saint Javelin", a Virgin Mary holding an American-made anti-tank missile, in Kyiv, Ukraine, Tuesday, May 24, 2022. No matter where they live, the 3-month-old war never seems to be far away for Ukrainians. Those in towns and villages near the front lines hide in basements from constant shelling, struggling to survive with no electricity or gas — and often no running water. But even in regions out of the range of the heavy guns, frequent air raid sirens wail as a constant reminder that a Russian missile can strike at any time — even for those walking their dogs, riding their bicycles and taking their children to parks in cities like Kyiv, Kharkiv, Odesa and Lviv.(AP Photo/Natacha Pisarenko)
May 25

Twitter shareholders meet amid Elon Musk's takeover drama

Twitter’s regularly scheduled shareholder meeting Wednesday didn't include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform
May 25
FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. Twitter's regularly scheduled shareholder meeting Wednesday, May 25, 2022, won't include a vote on Musk’s $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future. (AP Photo/Susan Walsh, File)
May 25

Unionized Starbucks stores face hard work of bargaining

It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores
May 25
Joe Thompson stands in front of Starbucks in Santa Cruz, Calif., on May 20, 2022. It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores. But when the celebrations die down, a daunting hurdle remains. To win the changes they seek, like better pay and more reliable schedules, unionized stores must sit down with Starbucks and negotiate a contract. I(Joe Thompson via AP)
May 25

Davos updates | VW: Supply chain woes ease; orders backed up

Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders
May 25
Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People at the European Commission attends a session at the 51st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, May 25, 2022. (Gian Ehrenzeller/Keystone via AP)