AP Business
Business and economic news from the Associated Press.
Latest stories
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US construction giant agrees to a $35 million settlement for workers building the Milan consulate
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 after new, troubling incidents
Nvidia on Monday unveiled a new security platform that the chipmaker said can stop artificial intelligence agents from going rogue.
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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 reciprocal $30 billion 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 boost bilateral trade. The announcement follows a meeting between Chinese President Xi Jinping and President Donald Trump in Washington. The U.S. had alread...
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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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Oil prices get back to rising and knock down US stocks
Rising oil prices are knocking U.S. stocks lower. The S&P 500 fell 0.5% Monday and gave back some of its gains from last week, which had brought it to the brink of its all-time high. The Dow Jones Industrial Average dropped 380 points, and the Nasdaq composite slipped 0.5%. Stocks felt pressure a...
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Trump administration lowers fuel economy standards, critics say at a significant environmental cost
The Trump administration is releasing new fuel economy standards that relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. Fuel economy requirements set out how far new vehicles need to travel on a gallon of gasoline. The change furthers P...
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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.
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Trump asked China's president if he wanted to buy US arms, ambassador says
WASHINGTON (AP) — President Donald Trump has asked Chinese President Xi Jinping if he wanted to buy weapons from the United States, the U.S. ambassador to China said.
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Walmart says it's not using personal information to set prices as it expands digital shelf labels
NEW YORK (AP) — Walmart is aiming to assuage customers' fears about its new pricing technology as it rolls out digital price labels at its stores.
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Turkey's ruling-party deputy chair steps down after share trading allegations
ISTANBUL (AP) — Turkey’s ruling party accepted the resignation of a deputy chair on Sunday after she was accused of selling shares worth tens of millions of dollars shortly before a stock market crisis.
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Eviction of 87-year-old sparks encampment protest in Madrid over housing crisis
MADRID (AP) — Protesters outraged by the eviction of an 87-year-old woman camped overnight in Madrid’s historic Puerta del Sol plaza, where more demonstrators — including multigenerational families — joined them on Sunday for a second day of protests over Spain’s housing crisis.
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Armani charts its future as Bottega Veneta sheds layers in Milan
MILAN (AP) — The future of Giorgio Armani ’s empire is coming into sharper focus a year after the designer’s death. On the runway in Milan, his signature elegance defined the latest collection previewed on Sunday, while behind the scenes talks are set to begin on the sale of a stake, as stipulate...
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Anthropic and OpenAI sound the alarm on AI safety — and seek to shape how it's controlled
As tech titans warned an AI-weary world that their own advanced systems could endanger humanity, the question emerged: What do they have to gain? The answer may lie in the companies’ efforts to score political goals ahead of the U.S. midterm elections and the money top artificial intelligence lab...
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Andy Burnham brings good vibes to Labour’s annual conference but tough choices are coming
The Labour Party has opened its annual conference, the first with Prime Minister Andy Burnham in charge. Burnham is aiming to use the four-day gathering in Liverpool to move past a decade of turmoil for Britain's economy and politics. He plans to deliver a hopeful message in his keynote speech on...
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OpenAI pauses training of latest models after agents probed US government sites in unexpected ways
NEW YORK (AP) — OpenAI said it has paused training of its latest artificial intelligence models as reports of AI agents going rogue mount.
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87-year-old's eviction becomes a rallying cry for protest of Spain's housing crisis
MADRID (AP) — Tens of thousands of people took to the streets in Madrid on Saturday to protest against Spain's housing crisis and ask for protective measures for tenants, anti-fraud rules, and a ban on evictions without alternative housing.
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CNN says it was left off Air Force One for Trump's Saturday trip to a college football game
The White House left CNN off Air Force One for President Donald Trump’s trip Saturday to a college football game in Tennessee, marking the latest media restriction from the administration in an ongoing dispute with First Amendment implications.
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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.
