AP Business
Business and economic news from the Associated Press.
Latest stories
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Operator of 314 US Wendy's locations files for bankruptcy protection
One of Wendy’s largest U.S. franchisees has filed for bankruptcy protection after Wendy’s tried to terminate its franchise agreement.
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States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal
Twelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery have agreed to settle their lawsuits against the mega merger. Monday's announcement effectively paves the way for the $81 billion deal to cross the finish line, with some new commitments. The blockbuster ...
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Gates Foundation launches coalition to build more representative language data sets for AI
NEW YORK (AP) — The Gates Foundation is convening Anthropic, Google, OpenAI Foundation and dozens of other organizations to help make artificial intelligence more accessible in underrepresented languages.
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Federal Reserve official says fighting inflation likely to be 'painful'
WASHINGTON (AP) — A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.
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Second technical issue in 2 weeks afflicts UK's air traffic controller, prompting more travel chaos
LONDON (AP) — A technical issue afflicted the U.K.'s national air traffic controller on Monday, the second in two weeks, prompting more travel disruption and renewed calls for the organization's chief to quit.
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There's an easy way to get rid of all the reusable bags piling up in your home
NEW YORK (AP) — When professional home organizer Britnee Tanner visits her clients, she often spots extra reusable bags buried under the kitchen sink or stuffed in a corner of the pantry.
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World leaders in New York to grapple with climate. Fuel prices, AI and disasters complicate things
World and business leaders this week will grapple with the urgent costs of climate change. Experts say the rise of artificial intelligence and data centers, which consume a lot of energy, and higher fossil fuel prices due to wars in Iran, Venezuela and Ukraine are changing the conversation as the...
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Republicans target Las Vegas congressional district with help from Trump's 'no tax on tips' policy
LAS VEGAS (AP) — Susan Gonzalez plans to pay off her credit card now that she no longer needs to pay taxes on the dollar bills that she stashes away at the end of long shifts pouring beers and mixing cocktails in a smoky sports bar.
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Google hit with $463 million fine for EU location data rule breach
Google has been fined 403 million euros ($463 million) for breaching the European Union's strict privacy rules because it mishandled users' location data, the bloc's data privacy watchdog said Monday.
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Iran's Revolutionary Guard warns US over escalation, and other Mideast developments
Iran's Revolutionary Guard warned Monday that it would “change the geography of the war” if the United States escalates the conflict.
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CNN, MS NOW, Politico sue over denied White House access, citing First Amendment
CNN, MS NOW and Politico have filed a lawsuit over being denied White House access. Reporters from the three news organizations were blocked from the White House on Saturday, a day after Trump said he was barring them because of reporting he deemed “fake news.” On Monday morning, CNN was removed ...
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German leader faces tough time ahead after election defeats, but no sign of leadership challenge
German Chancellor Friedrich Merz is standing by his vow to stay in office after his party suffered two more regional election defeats and was voted out of a state legislature in a humiliating first. But he faces a struggle to keep his reform agenda intact. Minutes after polls closed on Sunday, th...
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Wall Street pulls within 1% of its record after oil prices and bond yields ease
U.S. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week. The S&P 500 rose 1.5% Monday and pulled within 0.4% of its all-time high set last month. The Dow Jones Industrial Average added 348 points, and the Nasdaq c...
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As Russian strikes destroy millions of books, Ukraine's literary future hangs in the balance
KYIV, Ukraine (AP) — Seconds before the Russian drone struck, Viktor Kruglov was thinking about textbooks — tens of thousands of them, and how to get them to Ukrainian schools faster.
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China and the US are competing for AI dominance but have shared concerns over safety
U.S. President Donald Trump and Chinese leader Xi Jinping are expected to meet this week to discuss artificial intelligence. The meeting comes amid rising concerns about AI's potential threats and the competitive tension between the two countries. On Sunday, U.S. Treasury Secretary Scott Bessent ...
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Trump shattered Canada’s old US relationship. Carney is building a new one in Europe
TORONTO (AP) — For nearly four decades, Canada built its economy around closer integration with the United States. President Donald Trump has turned that dependence into leverage, imposing tariffs, threatening Canada’s sovereignty and openly seeking to pull Canadian industrial production south.
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Bessent: US proposes AI incident alert system in talks with China
NEW YORK (AP) — Treasury Secretary Scott Bessent said Sunday the U.S. has proposed a new “notification mechanism” for artificial intelligence incidents that could affect national security, part of weekend discussions ahead of talks at the White House this week between President Donald Trump and C...
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Converse apologizes and pulls sneaker ad that critics said included racist imagery
The sneaker company Converse has removed a social media ad that sparked outrage among critics who viewed it as evoking the Ku Klux Klan and lynching.
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Box Office: 'Resident Evil' tops box office with franchise best debut of $60 million
Zach Cregger’s “Resident Evil” gave the North American box office a shot in the arm in its first weekend in theaters. The Sony Pictures release earned $60 million in ticket sales from 3,684 locations in the U.S. and Canada, according to studio estimates Sunday.
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Federal Reserve rate hike reflects new world of sticky inflation and faster growth
President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say. The economy is growing steadily despite being hit with re...
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Rising gas prices frustrate voters. Trump says it's an 'inexpensive price to pay' for the Iran war
Voters across the nation say skyrocketing gas prices are causing financial hardships for their families. Those concerns cuts across the political spectrum and are adding to a sour political environment that may be worsening for President Donald Trump and his Republican Party as early voting begin...
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Merz vows to press ahead with reforms after historic German state election defeat
German Chancellor Friedrich Merz has faced a major electoral setback in two state elections including a historic defeat for his party. Early projections Sunday showed that Merz's Christian Democratic Union received just 5% in Mecklenburg-Western Pomerania. That's the CDU's lowest result since Wor...
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In Chile, even beloved hot dogs feel the economic squeeze
SANTIAGO, Chile (AP) — It is lunchtime in downtown Santiago, and dozens of businesses around the Plaza de Armas are serving up one of Chile’s most democratic specialties: the “completo.”
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An Israeli is shot dead in the occupied West Bank, and other Mideast developments
An Israeli was fatally shot in the occupied West Bank, while Israel's military said it killed a man who attempted to ram his vehicle into troops elsewhere in the Palestinian territory.
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Macron backs Canada as EU associate member as Carney turns toward Europe
TORONTO (AP) — French President Emmanuel Macron on Sunday backed a proposal for Canada to become the European Union’s first associate member as he and Canadian Prime Minister Mark Carney moved to deepen strategic ties spanning space, defense, energy and business.
