AP Business
Business and economic news from the Associated Press.
Latest stories
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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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Carney and Macron deepen ties as Canada turns toward Europe and away from US dependence
SAINT-PIERRE, Saint-Pierre-et-Miquelon (AP) — Canadian Prime Minister Mark Carney and French President Emmanuel Macron moved Sunday to deepen a strategic partnership spanning space, defense, energy and business, another step in Canada’s accelerating turn toward Europe as relations with the United...
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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 ...
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Telehealth companies keep exposing their customers' medical data. What should they do?
WASHINGTON (AP) — The appeal of telehealth is easy to explain: Instead of calling a doctor, booking an appointment and hoping to eventually get a prescription, you can log onto an app or website and get approved for a new medication within minutes.
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US lifts sanctions targeting Eritrea's ruling party and the military
ADDIS ABABA, Ethiopia (AP) — The United States lifted sanctions against Eritrea’s ruling party and the military that the former Biden administration imposed, according to the U.S. Department of the Treasury.
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Will AI models achieve the ability to improve autonomously? Leading labs say the scenario is near
Once a distant ambition for technology researchers, the prospect of artificial intelligence models teaching themselves autonomously to be more efficient and capable appears ever closer to reality.
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Wall Street week ahead: housing market, unemployment updates
NEW YORK (AP) — Wall Street will get a key update this week on the U.S. housing market, along with a regular weekly unemployment update.
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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, ...
