AP Business
Business and economic news from the Associated Press.
Latest stories
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CNN says it was left off Air Force One for Trump's Saturday trip to a college football game
CNN says it has been left off Air Force One for President Donald Trump’s Saturday trip to a college football game. It is the latest media restriction imposed by the administration in an ongoing dispute with First Amendment implications. CNN reported Saturday that it had been scheduled to travel w...
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America In Focus: Money pressures climb as mortgage rate tops 7%, bond yields rise
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases. The weekly average rate on a 30-year fixed-rate home loan rose to 7.03% from 6.95% last ...
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China and US agree to establish AI safety channel and continue trade and military talks
China and the U.S. have agreed to set up a channel for handling AI-related incidents and accelerate work on military crisis communications. This follows a three-day summit between their leaders in Washington. The two sides will also work on a Board of Trade for selected bilateral trade issues. Th...
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Wall Street week ahead: consumer confidence, inflation, employment updates
NEW YORK (AP) — Wall Street has a busy week ahead with important updates on inflation, the jobs market and consumer confidence.
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China has kept its promise to stop funding overseas coal, but loopholes are helping coal expand
UNITED NATIONS (AP) — Addressing the U.N. General Assembly in 2021, Chinese President Xi Jinping pledged to stop funding overseas coal power plants in an effort to help curb climate change. Five years later, as the assembly meets this week, the world's climate commitments are dangerously offtrack...
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TikTok settles lawsuit with Alabama for at least $100 million, will implement safety features
TikTok will pay the state of Alabama at least $100 million and must implement a slew of safety features for teens in the state as part of a settlement agreement reached just before the case was set to go to trial.
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Brazil's President Lula bans online betting ahead of presidential election
RIO DE JANEIRO (AP) — Brazil’s President Luiz Inácio Lula da Silva on Friday signed an order banning fixed-odds betting just over a week ahead of the first round of the presidential election, in a move he said was designed to tackle the pervasive problem of families falling into debt.
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Meatpacking groups say ICE arrests could lead to higher prices and revenue loss
MISSION, Kan. (AP) — Meatpacking industry groups raised concerns Friday that recent heightened immigration operations in Texas, Kansas and Oklahoma have caused employees to miss work, leading to problems at meat-related businesses that could ultimately raise prices for consumers.
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Protests against war crimes verdicts add pressure on Kosovo's government
PRISTINA, Kosovo (AP) — Daily protests in Kosovo against war crimes convictions for former rebel commanders spread throughout the Balkan country on Friday, adding pressure on the government of Prime Minister Albin Kurti, who has faced a monthslong political crisis.
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Federal court says Pentagon can label Anthropic a supply chain risk
A federal appeals court has rejected Anthropic's challenge to the Pentagon's labeling of it as a supply chain risk. The decision, made by the U.S. Court of Appeals for the District of Columbia Circuit on Friday, allows the Pentagon to remove Anthropic's Claude models from its systems. The dispute...
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UN adds 61 companies to settlements blacklist over alleged Palestinian rights violations
GENEVA (AP) — The U.N. human rights office on Friday said it added 61 more companies to a blacklist of firms that it says are involved in violating Palestinian human rights through business ties to Israeli settlements in the occupied West Bank.
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Brightline reworks debt in bankruptcy court but its high-speed trains will keep running in Florida
The Brightline companies that bet more than $5 billion on developing the nation's only privately held passenger railroad are reworking their debt in bankruptcy court, but the bright yellow trains will continue running between Miami and Orlando.
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Louise Erdrich wins the Gish Prize, a top arts honor
NEW YORK (AP) — Louise Erdrich's latest honor inspired in her a new appreciation of how the supposedly solitary art of writing depends on the help of others.
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CNN left off Air Force One for Trump's upcoming trip, White House signals in new media restriction
The White House has signaled that CNN will be left off Air Force One for President Donald Trump’s Saturday trip. It is the latest media restriction imposed by the administration in an ongoing dispute with First Amendment implications. CNN was replaced by the conservative Real America’s Voice News...
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EU vows to defend its stand against X after the US backs a court challenge from Elon Musk
BRUSSELS (AP) — The European Union's executive arm said Friday it's prepared to defend a 120 million euro ($137 million) fine against the social media platform X after the U.S. government threw its support behind a legal effort by Elon Musk this week to have the case dismissed.
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Volkswagen to recall 2.86 million VW, Audi models over potential steering problem
FRANKFURT, Germany (AP) — Volkswagen Group said Friday it is recalling 2.86 million Volkswagen and Audi branded vehicles as a precautionary measure over a screw whose failure could cause a loss of steering.
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New humanitarian players hit UN sidelines in search of galvanizing force to counter aid cuts
NEW YORK (AP) — New players hit the United Nations General Assembly sidelines this week as humanitarian groups searched for a counterweight to foreign aid cuts that have hampered global fights against disease, malnutrition and poverty.
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Milan's airport is officially named after former Premier Berlusconi
It took over two years and some legal wrangling, but Italy’s second-busiest passenger airport was finally named on Friday after the late former Premier Silvio Berlusconi.
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Democrats press RFK Jr. on an ethics agreement change involving law firm fees
WASHINGTON (AP) — Congressional Democrats are pressing for answers from Health Secretary Robert F. Kennedy Jr. over what they describe as a previously undisclosed change to the ethics agreement he made before being confirmed, which they say calls into question his credibility and the integrity of...
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Divers recover a total of 52 bodies from capsized ferry in Indonesia after a dayslong search
JAKARTA, Indonesia (AP) — Divers in Indonesia have recovered a total of 52 bodies in a dayslong operation that followed the capsizing of a ferry in rough seas earlier this month, officials said Friday. Authorities had rescued 108 people, but 83 people remain missing.
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Pope Leo XIV affirms need for media to cover public figures when asked about Trump ban
Pope Leo XIV told reporters they were welcome to cover him as he responded a question about the Trump administration’s attempt to bar U.S. media from the White House by affirming the importance of journalists covering public figures. Leo spoke to reporters on board the papal plane on Friday as he...
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Poland halted asylum claims at the Belarus border and now wants Europe to follow its example
WARSAW, Poland (AP) — When Poland stopped registering asylum applications from migrants entering from Belarus in March 2025, authorities presented it as a temporary emergency measure to counter what they saw as a push by Russia and its ally Belarus to destabilize the country by directing tens of ...
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Europe uses subsidies, taxes and policy pauses to offset pain of high fuel prices
Governments across Europe are using subsidies, taxes, and policy changes to help their economies, companies and aggrieved citizens weather an energy crisis caused by wars in Ukraine and the Middle East. The Organization for Economic Cooperation and Development says that seven of the 10 nations wo...
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Exclusive: Board of Peace quietly met with UNRWA, ex-agency chief says
JERUSALEM (AP) — As the U.S.-created Board of Peace pushes ahead with plans to rebuild Gaza, it has said there’s no place for the U.N. body that for decades has provided support to displaced Palestinians. But the agency’s last chief says that behind the scenes, board members and others have been ...
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A reprieve from rising oil prices helps US stocks finish the week higher
A cooldown in oil prices helped release some of the pressure that’s built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% Friday to pull within 0.7% of its all-time high set last month. The Dow Jones Industrial Average rose 0.9%, an...
