AP Business
Business and economic news from the Associated Press.
Latest stories
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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 ...
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Takeaways: What a new AP-KFF survey reveals about rural American voters
WASHINGTON (AP) — A new poll from The Associated Press in partnership with KFF finds that about half of rural American voters believe the economy is worse off now than when President Donald Trump returned to office, pointing to economic frustration among a key group that has backed Trump and othe...
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How rural voters are feeling about Trump as the midterms approach, according to a new AP-KFF poll
About half of rural American voters believe the economy is worse off now than when President Donald Trump returned to office. That's according to a new survey that points to economic frustration among a key group that has largely backed Trump and other Republicans in recent elections. The poll of...
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Sen. Bernie Sanders unveils bill to ban artificial superintelligence and create Department of AI
Sen. Bernie Sanders and Rep. Greg Casar are introducing legislation that would ban artificial superintelligence, pause development of advanced AI systems and create a new Department of Artificial Intelligence. The proposal comes as prominent AI executives and researchers increasingly warn about p...
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Iranian advisers played a key role in the stunning advance by Yemen’s Houthis, sources tell AP
CAIRO (AP) — It took Houthi rebels less than 48 hours to seize Yemen's Red Sea coast from pro-government forces in a resounding blow to U.S. interests and Washington's regional allies.
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Ethiopian Airlines cancels flights to Tigray capital as fighters take over airport
ADDIS ABABA, Ethiopia (AP) — Regional forces in Tigray in northern Ethiopia took control of the local airport on Wednesday morning, prompting the state-owned carrier to cancel flights to the troubled region.
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Cambodia says it has dismantled scam compounds, while experts call for criminal prosecutions
PHNOM PENH, Cambodia (AP) — Cambodia's prime minister said Wednesday the country had eradicated the large-scale scam compounds it became known for globally, without providing significant new evidence.
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Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
Pressure from the U.S. bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink Wednesday, and the S&P 500 slid 0.8%. The Dow Jones Industrial Average dr...
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Dolly Parton's estate granted temporary restraining order against singer's nephew
A Tennessee judge has granted Dolly Parton’s estate a temporary restraining order against the late singer’s nephew Bryan Seaver and his private security company. She’s Alive, the entity founded to manage Parton’s estate, had filed the complaint against Seaver and Squadron Augmented Protection Ser...
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Worries about an AI internet takeover gain new urgency among doomsday scenarios
In a summer filled with revelations about artificial intelligence's rapid development, researchers were especially alarmed by runaway bots finding their way onto the internet and, in at least one instance, coordinating there with one another.
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Climate disasters are growing. So are cuts to programs that prepare for them
KATHMANDU, Nepal (AP) — Sitting on the floor of a makeshift shelter for survivors of Nepal's deadly recent floods, Tenzin Dolma Ghale said she had nothing left but the clothes she was wearing. Her entire village and members of her family were washed away by the surge of water and debris that kill...
