AP Business
Business and economic news from the Associated Press.
Latest stories
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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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Tanker hit by projectile as it enters the Strait of Hormuz, and other Mideast developments
The British military said an “unknown projectile” struck a tanker as it entered the Strait of Hormuz on Monday, injuring two crew members. The vessel continued toward port under its own power.
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CNN, MS NOW, Politico say they've notified Trump they're suing over denied White House access
CNN, MS NOW and Politico say they’ve notified President Donald Trump's administration they’re filing a lawsuit over being denied White House access. They issued a joint statement Monday. Reporters from the three news organizations were blocked from the White House on Saturday, a day after Trump s...
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Germany's Merz struggles to stay on track after humiliating regional election defeat
German Chancellor Friedrich Merz faces a struggle to stabilize his position and keep his agenda on track after voters inflicted two more defeats on his party, ejecting it from a state legislature for the first time. The unpopular Merz vowed to stay on and push through reforms to Germany, minutes ...
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US futures climb as oil prices drop and investors await expected Trump-Xi meeting
U.S. futures are climbing as oil prices decline and investors await an expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington, which could cover trade, artificial intelligence and geopolitics. Futures for the S&P 500 gained 0.7% on Monday, while...
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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.
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Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
When Donald Trump ran for office a decade ago, he called China a menace to the U.S. economy. Today, the Republican president has changed his tune. He's playing down the impact that Beijing has on trade, artificial intelligence and other issues. His new strategy of currying favor with China’s Xi J...
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Longtime AP Florida politics reporter Brendan Farrington dies at 60
Brendan Farrington, a veteran news reporter who covered Florida politics, hurricanes and quirkiness for The Associated Press for more than 25 years, has died. He was 60.
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Lawsuit says Anthropic, OpenAI, SpaceXAI and Google made illegal agreement on AI slowdown
A new lawsuit claims that Anthropic, OpenAI, SpaceXAI and Google illegally agreed to slow their AI development. Filed Friday in the U.S. District Court for the Northern District of California, the lawsuit argues that this coordination violates antitrust laws and reduces consumer value for paid AI...
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Nobel laureate Narges Mohammadi tells the AP that Iranians paying the price for war and repression
Iran's most prominent human rights activist says Iranians are suffering seven months into the war and paying the price for the conflict. Narges Mohammadi is a Nobel Peace Prize laureate who was released from prison with a suspended sentence earlier this year. Her memoir titled “A Woman Never Stop...
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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 ...
