AP Business
Business and economic news from the Associated Press.
Latest stories
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Lawsuit says Anthropic, OpenAI, SpaceXAI and Google made illegal agreement on AI slowdown
A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development.
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Russian election observer loses consciousness during arrest by police, opposition party says
Russia’s liberal opposition Yabloko party says that one of its election observers lost consciousness while being arrested by police at a St. Petersburg polling station. The happened incident happened Saturday on the second day of a tightly controlled parliamentary election. The voting to elect me...
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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over ...
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MS NOW, CNN and Politico say their journalists were denied access to White House after Trump ban
Reporters from CNN, MS NOW and Politico have been denied access to the White House. Reporters from the two cable networks both went live to report they’d been barred following a ban imposed by President Donald Trump. The actions escalated Trump’s long-running efforts to restrict news coverage by...
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US lifts sanctions targeting Eritrea's ruling party and the military
ADDIS ABABA, Ethiopia (AP) — The United States lifted sanctions against Eritrea’s ruling party and the military that the former Biden administration imposed, according to the U.S. Department of the Treasury.
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Telehealth companies keep exposing their customers' medical data. What should they do?
WASHINGTON (AP) — The appeal of telehealth is easy to explain: Instead of calling a doctor, booking an appointment and hoping to eventually get a prescription, you can log onto an app or website and get approved for a new medication within minutes.
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Will AI models achieve the ability to improve autonomously? Leading labs say the scenario is near
Once a distant ambition for technology researchers, the prospect of artificial intelligence models teaching themselves autonomously to be more efficient and capable appears ever closer to reality.
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Wall Street week ahead: housing market, unemployment updates
NEW YORK (AP) — Wall Street will get a key update this week on the U.S. housing market, along with a regular weekly unemployment update.
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Oil prices are high but could be much worse. Trump has China's Xi to thank for that
WASHINGTON (AP) — It could be much worse.
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Even as trading and markets moved faster, Warren Buffett made patience profitable and cool
OMAHA, Neb. (AP) — Even in the age of algorithms, short attention spans and TikTok teases, Warren Buffett continued to profit with his patient bargain-hunting approach while offering folksy advice on investing and life.
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Trump will be at the airport to greet Xi when China's leader arrives for his US state visit
WASHINGTON (AP) — The first state visit by the leader of China in more than a decade takes place next week when President Xi Jinping arrives in Washington for high-stakes talks — and a little schmoozing — at the White House with President Donald Trump.
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Bolivia approves $1.9 billion IMF deal, eliminates diesel subsidies
LA PAZ, Bolivia (AP) — Bolivian lawmakers approved a $1.9 billion loan agreement with the International Monetary Fund on Friday, delivering the conservative government a key victory in its efforts to ease the country's deep economic crisis as unions threatened renewed protests.
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Parents awarded $40 million after Uber found liable for passenger who was fatally struck on highway
The parents of a 23-year-old woman who was fatally struck after her Uber driver pulled over along a southern California highway were awarded $40 million after an arbitrator found both Uber and the driver liable for her death.
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Potential Democratic candidates race to respond to AI threat amid Trump's dismissals
NEW YORK (AP) — Amid growing anxiety over the risks posed by rapidly developing artificial intelligence technology, potential Democratic candidates for president are rushing to show that they're taking the warnings seriously — while Donald Trump brushes off concerns — and acknowledging they need ...
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Trump targets more news outlets, saying he will ban CNN, MS NOW and Politico from the White House
President Donald Trump says he is barring CNN, MS NOW and Politico from the White House due to what he called unfavorable coverage, and threatens that more such prohibitions of media outlets could follow. Trump wrote on his social media site Friday that effective immediately, “I am banning” CNN, ...
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FCC grants Paramount's indirect ownership request for Gulf funds in Warner Bros. Discovery buyout
CHICAGO (AP) — As Paramount looks to take over Warner Bros. Discovery, it’s racked up billions of dollars in financial backing from three Gulf countries. And the U.S. Federal Communications Commission has now approved the company's ask for sizeable indirect ownership from those foreign investors.
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Trump announces all 50 states joining Medicaid drug pricing model
President Donald Trump announced that all 50 states will join a program to provide Most Favored Nation pricing for some Medicaid drugs. The administration claims this plan, called the Medicaid “GENEROUS” model, will save billions on prescription drug costs. Last year, Trump signed an executive or...
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UK air traffic controller blames a millisecond-software glitch for flight cancellations
LONDON (AP) — A preliminary report Friday blamed a millisecond-software defect for the cancellation of over 2,000 flights in and out of the United Kingdom last week.
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Kremlin orders Russia businesses of Nestle, Auchan seized
FRANKFURT, Germany (AP) — The Kremlin has ordered the Russian businesses of Swiss-based food and beverage company Nestle and French retailer Auchan placed in temporary administration, procedure that previously has led to the forced sale of Western businesses to Russian owners at knockdown prices.
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One thing that hasn’t changed in 250 years: Americans’ willingness to get suckered
NEW YORK (AP) — America: land of possibility. And also: land of suckers.
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Scientists hope deeper-rooted soybeans can withstand climate extremes and store more carbon
CHAMPAIGN, Ill. (AP) — Research scientist Ashish Rajurkar kneels in the dirt, lifting a large clod of soil tangled around a soybean plant. He knocks away pieces of earth from the plant's roots, which slope straight down instead of out to the side like typical soybean plants.
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Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan
Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades.. The company said Friday that the 96-year-old Buffett will take become chairman emeritus and will take on his new role...
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Jon Stewart explains his ongoing philanthropic support of first responders
Jon Stewart says he never really decided to focus his charity efforts on first responders and their families. It just happened.
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EU chief floats 'associate membership' for Canada. But that doesn't exist yet
BRUSSELS (AP) — By opening the door this week for Canada to become the first “associate member” of the European Union, European Commission President Ursula von der Leyen offered Prime Minister Mark Carney hope, but also an illusion.
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Malaysia's king allows former leader Najib to serve rest of his graft sentence under house arrest
KUALA LUMPUR, Malaysia (AP) — Malaysia’s king on Friday granted former Prime Minister Najib Razak a rare royal clemency, allowing him to serve the remainder of his prison term for graft under house arrest.
