AP Business
Business and economic news from the Associated Press.
Latest stories
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Taiwan says US arms sales to island are unchanged, but a $14B package remains on hold
BANGKOK (AP) — Taiwan's defense minister said Tuesday that existing U.S. arms sales to Taiwan remain unchanged, and that Taipei remains in talks with the U.S. over individual deals. A record $14 billion arms package to the island, however, remains stalled.
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Asian stocks mostly fall after Wall Street losses and oil prices rise
Asian shares have mostly declined following Wall Street losses, and U.S. Treasury yields steadied after reaching their highest in roughly two decades. U.S. futures have edged lower. Meanwhile, oil prices have risen over uncertainties over U.S.-Iran negotiations and the possibility of a reopening ...
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Head Start preschools serve parents, too. Under Trump, advocates fear that will change
WASHINGTON (AP) — Cassie Reed and her two young children had just moved from a domestic violence shelter into a third-floor apartment in Spokane, Washington, when she spotted a soon-to-open Head Start preschool on the building's ground floor.
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From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
WASHINGTON (AP) — U.S.-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
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Brazil's Lula promotes popular betting ban within days of tight election
SAO PAULO (AP) — For 38-year-old Leandro Valdivia, Brazil’s President Luiz Inácio Lula da Silva ’s pre-election crackdown on fixed-odds betting came too late to save his marriage or $26,000 from his bank account. Still, he has anxiously checked the news since the government's ban was announced on...
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Newsom signs California law banning sales of single-use, battery-powered vapes
California will ban the sale of single-use, battery-powered vapes to fight plastic pollution under a law signed Monday by Gov. Gavin Newsom.
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News organizations ask court to bar White House enforcement of access ban until case is resolved
Three news organizations banished from White House grounds have asked a court to block enforcement of the action until the case is resolved. They say the Trump administration has “persisted in unpredictably and inconsistently implementing its ban” despite a judge’s restraining order. That include...
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Alito steps aside in a major climate case after scrutiny over oil stock holdings
WASHINGTON (AP) — Supreme Court Justice Samuel Alito recused himself Monday from a major climate-change case after facing calls to step aside due to stock holdings in oil companies.
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Nvidia is touting a software tool to contain runaway AI. How would it work?
Nvidia says a security platform for artificial intelligence that it announced on Monday can help stop autonomous AI agents from misbehaving.
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A bankrupt Camp Mystic seeks to sell the property as legal troubles grow
The owners of Camp Mystic have proposed selling off the riverfront property in bankruptcy. The plan hopes that a buyer will preserve the “historic mission” of the century-old private Christian girls camp, where 27 campers and counselors died in a 2025 flood. The camp filed a Chapter 11 bankruptcy...
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Trump announces a new $15B Iowa steel plant and claims it will be the nation's biggest
President Donald Trump has announced a new $15 billion steel plant will be built in Iowa with backing from an Indian conglomerate. The Republican president says the project will create the largest steel plant in U.S. history. Trump made the announcement Monday alongside steel industry executives ...
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Andrew Bailey, an FBI deputy director, says he's leaving the post after just over a year in the job
WASHINGTON (AP) — Andrew Bailey, one of the FBI's two deputy directors, announced Monday that he was leaving the position after just over a year on the job and would be returning to Missouri to spend time with his family.
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Kremlin transfers control of German retailer Metro's Russia business
FRANKFURT, Germany (AP) — President Vladimir Putin has ordered the Russian assets of German retailer Metro AG placed under temporary administration. The step comes against a background of tension between Germany and Russia over the war in Ukraine.
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Nvidia's board increases chipmaker's share buyback plan by $150 billion
Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips.
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This could be MLB's last postseason for a while with a lockout looming, players vowing to fight cap
NEW YORK (AP) — Days before the start of what could be Major League Baseball's last postseason for a while, Carlos Rodón was prepared for a long lockout if owners keep their salary cap proposal on the bargaining table.
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Underpaid workers building US Consulate in Milan will split multi-million payout from US firm
MILAN (AP) — The U.S. company building the new American consulate in Milan has agreed to a nearly 31-million-euro ($35 million) settlement that includes back pay and damages to foreign workers who prosecutors allege were paid less than $2 an hour, officials said Monday.
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In GOP Speaker Mike Johnson's district, the political mood is mixed for the party in power
SHREVEPORT, La. (AP) — The GOP's “Big Beautiful Bill” is rolling out in different ways across U.S. House Speaker Mike Johnson’s home district — from steakhouse servers getting a tax break on tips to a community center where people line up for a free hot lunch as SNAP benefits are being cut.
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Trump's mail voting crackdown tests Postal Service leader who says he's 'not political'
WASHINGTON (AP) — Long before he was the top official at the U.S. Postal Service, David Steiner was a corporate executive surfing mid-oughts television when he came across Donald Trump on “The Apprentice.”
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Nvidia unveils security platform to stop AI agents from going rogue
Nvidia on Monday unveiled a new security platform designed to stop artificial intelligence agents from going rogue, saying it sets “boundaries” that could have stopped previous breaches.
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Inside Malaysia's gambit to make its pungent durian the most wanted
KUALA LUMPUR, Malaysia (AP) — Malaysia is pushing to take durian, whose powerful smell delights its lovers and repels its haters, beyond its roadside stalls and family orchards to convince fans of the spiky fruit that its varieties are worth seeking out.
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US and China release $60 billion nonsensitive product lists for tariff cuts after Trump-Xi meeting
The United States and China have released lists of products worth about $30 billion each that will see tariff cuts. This deal is expected to help boost bilateral trade. The announcement follows a meeting between Chinese President Xi Jinping and President Donald Trump in Washington. The U.S. had a...
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High airfares could stick around even if jet fuel prices fall
Travelers could be stuck paying high airfares even if oil and jet fuel prices fall, major U.S. airlines and industry analysts say.
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Bond yields crank higher and pull US stocks further from their record
Yields in the U.S. bond market again touched their highest levels in roughly two decades and knocked U.S. stocks further from their record high. The S&P 500 fell 0.8% Monday. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite lost 0.9%. The yield on the 10-year Treasury brief...
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Trump administration lowers fuel economy standards, critics say at a significant environmental cost
The Trump administration released new fuel economy standards on Monday, relaxing regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. The new standards set the industry fleetwide average for light-duty vehicles at roughly 34.9 miles per gallon i...
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Trump said he would dine with Anthropic CEO amid mounting AI debate
WASHINGTON (AP) — President Donald Trump had plans to dine late Sunday with the CEO of Anthropic, one of the leading voices on artificial intelligence but also someone who's sparred with the Trump administration over the military's potential use of AI.
