AP Business
Business and economic news from the Associated Press.
Latest stories
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Senate is to vote on cryptocurrency regulation as Democrats push back on Trump investments
The Senate is set to vote on whether to move forward with legislation to create a new regulatory framework for cryptocurrency. It's a pivotal election-year test for the $2.3 trillion market as many Democrats say it doesn’t go far enough to rein in President Donald Trump’s investments. Tuesday's v...
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Belarus' authoritarian leader meets US envoy to push for lifting sanctions
TALLINN, Estonia (AP) — Belarus’ authoritarian President Alexander Lukashenko met with a U.S. envoy on Tuesday to push for the lifting of the remaining U.S. sanctions against his country.
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China can block citizens from leaving the country over national security or tech export violations
BEIJING (AP) — New border control rules taking effect in China on Tuesday could ban citizens from leaving the country if they engage in illegal activity that endangers national or industrial security.
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As the world debates the risks of AI, China closes the technology gap with the US
HONG KONG (AP) — As the rapid development of artificial intelligence triggers a renewed debate about its risks, the United States and China keep racing to develop increasingly powerful models even as they express their own concerns.
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Why I object to 'hitting a number' for retirement
When someone says they’re retiring because they “hit their number,” my alarm bells go off because it’s often a signal that the retirement plan isn’t as holistic or risk-conscious as it should be.
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Houthi official says Saudi airstrikes leave 3 dead, and other Mideast developments
A Houthi spokesperson says Saudi airstrikes have left three people dead in Yemen's southwest. The Associated Press couldn't independently verify the claim. Houthi spokesperson Anees al Asbahi posted on X on Tuesday that two of those killed were children and that another two people where wounded a...
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NATO jets shoot down drone over Lithuania and Russian ship fires flares at Danish helicopter
NATO says its fighter jets have shot down a drone that entered Lithuanian airspace. NATO officials announced the incident Tuesday, the day after the head of the alliance said strikes close to its territory would only increase its support for Ukraine in the war against Russia’s full-scale invasion...
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Muslim region in southern Philippines holds first elections
MANILA, Philippines (AP) — A predominantly Muslim region in the southern Philippines held its first elections for a regional parliament Monday and Tuesday following years of delays, moving it closer to self-rule after decades of insurgency and violence.
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Carney heads to Europe for high-stakes speech and deeper EU ties as Canada clashes with Trump
TORONTO (AP) — Canadian Prime Minister Mark Carney is heading to Europe in the middle of a trade war with U.S. President Donald Trump, seeking a deeper relationship with the European Union that could give Canadians greater freedom to work and study there.
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Federal Reserve is expected to raise its benchmark rate, defying Trump's demands
The Federal Reserve is widely expected to lift its short-term interest rate for the first time in three years to fight stubbornly high inflation. Such a move Wednesday would put the central bank at odds with President Donald Trump’s demands. An increase in the Fed’s rate, currently about 3.6%, is...
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Microsoft commits to sweeping AI privacy rules for students. Will other tech giants follow?
Millions of students every day turn to AI chatbots for help with schoolwork, emotional support and personal advice — often unaware of where their conversations and other personal information end up.
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Gates Foundation warns AI could widen inequality as foundation pledges $1B to expand access
NEW YORK (AP) — Bill Gates is warning technology companies and world leaders that they must act now to ensure artificial intelligence combats social inequities rather than deepening disparities — and his foundation is pledging $1 billion to improve access.
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Tech CEOs call for AI regulation. Trump and Congress are not rushing to act
WASHINGTON (AP) — The technology industry's increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government's willingness and ability to confront what may become a defining is...
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US stocks slip after oil prices and the bond market crank up the pressure
The U.S. stock market is slipping as oil prices and the bond market crank up the pressure on Wall Street. The S&P 500 fell 0.4% Tuesday. The Dow Jones Industrial Average dropped 506 points, and the Nasdaq composite sank 0.6%. They felt pressure as the yield on the 10-year Treasury climbed to 5.01...
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Energy giants seeking to merge say they'll extend Virginia residents' bill credits and add jobs
Power giants NextEra Energy and Dominion Energy are rolling out plans to sweeten their proposed merger in Virginia, Dominion’s home base. Florida-based NextEra announced earlier this year that it wants to acquire Dominion to create what the companies say would be the world’s biggest regulated ele...
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What the closure of Saudi Arabia's East-West pipeline could mean for oil flows
CHICAGO (AP) — Saudi Arabia's closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials.
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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) — An 85-foot (26-meter) 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 calls AI risks a 'hoax,' 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 are part of a “SICK conspiracy.” The president specifically said on social media on Monday that the administration has already stopped the AI company A...
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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 and announced it is taking a separate but related step to prevent future administrations from regulating clim...
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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.
