AP Business
Business and economic news from the Associated Press.
Latest stories
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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.
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Russia's wartime economy faces long-term erosion from debt and military spending
FRANKFURT, Germany (AP) — The frictions in Russia’s wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed.
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Kauai small businesses ask tourists to return after Hurricane Lowell, with aloha and some patience
Watching her staff happily hand out free meals for hundreds of residents outside their Wailua commercial kitchen, food truck co-owner Kelly Kakalia felt fulfilled.
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Wall Street drifts lower as bond yields rise and oil prices swing
Wall Street closed out an up-and-down week with a mixed finish for U.S. indexes as bond yields rose and oil prices swung. The S&P 500 rose 0.2% Friday. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite added 0.4%. The majority of stocks on Wall Street fell, and pressure pick...
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Japan's central bank raises benchmark interest rate to 1.25%
TOKYO (AP) — Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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Africa's urban waste crisis is outpacing infrastructure investment and choking neighborhoods
JOHANNEBURG (AP) — Two men sit on top of a hill at the end of a narrow road in Johannesburg ’s industrial suburb of Kya Sands. But the hill is no natural feature — it is a mountain of illegally dumped trash, piled so high it now swallows the road beyond.
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Anthropic says its model Claude is helping to build the next version of itself
Anthropic has announced that its AI model, Claude, is significantly aiding in the development of building its successor. Claude is handling 26% of the model research and development for Anthropic, completing tasks under human supervision. Although Claude isn't fully autonomous, it collaborates on...
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A sweeping US sanctions bill offers Ukraine new leverage on Russia, but enforcement looms
KYIV, Ukraine (AP) — Ukraine has long argued that Russia will only negotiate seriously if the cost of continuing the war becomes too high.
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Killing endangered wildlife is legal if they aren't the target, new Trump rule says
BILLINGS, Mont. (AP) — Killing endangered animals while logging a forest or building a dam would not be considered illegal unless the animals were specifically targeted, under a new interpretation of the Endangered Species Act by President Donald Trump's administration that marks a sea change in ...
