AP Business
Business and economic news from the Associated Press.
Latest stories
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Why bond yields are rising and why everyone should care
NEW YORK (AP) — Nearly everyone will feel the impact of what's going on in the bond market, no matter how far away and abstract it may seem.
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Argentina’s poverty rate rises above 30% under President Milei, reversing recent decline
BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped to 32.3% in the first half of 2026, official data showed Thursday, as incomes failed to keep pace with the rising cost of basic goods, a setback for libertarian President Javier Milei little more than a year before he seeks reelection.
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Trump's state dinner for Xi to feature sea bass and a long list of tech titans
WASHINGTON (AP) — A tech-heavy guest list, the fashion choices of those on it, who sits where, their body language throughout the night and what’s on the menu: these are the softer — often and glitzier — details of diplomacy.
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Mississippi colleges open food pantries to help students meet basic needs
When University of Mississippi Medical Center administrators heard that some students were struggling to afford food and other necessities, they stepped up to help.
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More than 160,000 pounds of meat bearing false USDA inspection labels recalled
More than 83 tons of meat are being recalled across the country because the products were not properly inspected by federal authorities and were shipped out with false inspection stickers. The U.S. Department of Agriculture said Tuesday that the nationwide recall impacts more than 167,000 pounds ...
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New firefighting fund launches but funding gap remains as wildfires worsen worldwide
NEW YORK (AP) — A United Nations report released Thursday shows that there is still a multibillion dollar funding gap for preserving tropical forests, which are key to fighting climate change.
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Chinese auto companies race ahead on EV technology, achieving 5-minute ultrafast charging
HONG KONG (AP) — Chinese electric vehicles’ ultrafast charging is only getting faster.
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ICE is wasting tens of millions of dollars on 'uninformed' detention projects, report finds
U.S. Immigration and Customs Enforcement and other agencies have wasted tens of millions of dollars pursuing ill-conceived plans to rapidly increase detention capacity, and the total will likely rise due to ongoing mismanagement, congressional investigators warned Thursday.
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Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
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. Mortgage buyer Freddie Mac said Thursday that the weekly average rate on a 30-year fixed...
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New York sues prediction market Polymarket, calling it an unlicensed gambling operation
New York has sued the prediction market Polymarket. It argues that the platform is an unlicensed gambling operation and wants a judge to block the company from operating in the state. Thursday's lawsuit is the latest legal challenge from a state moving to rein in popular betting apps that allow p...
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KFC opens a Texas restaurant to test ideas for reclaiming its fried chicken crown
KFC has been taking a licking from fried chicken rivals like Raising Cane's, but the global fast-food chain has a plan to return to the top of the U.S. pecking order.
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How sweeping job cuts have reshaped life and job prospects in the DC area, according to a new survey
Federal job cuts have deeply affected the Washington, D.C. area, according to a new survey from Gallup and the Greater Washington Community Foundation. Many residents, including those in higher-income households, have faced job losses and financial struggles. The survey shows that about two-third...
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Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare
Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security. The Labor Department said Thursday that 197,000 people applied for unemployment checks last week, fewest since mid-July and down from a re...
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Starbucks to shutter 250 stores in North America this week in 2nd wave of closings
Starbucks plans to close 250 North American stores later this week. Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren’t delivering acceptable financial results or can’t provide the experience Starbucks wants for customers and employees. The company didn’t say Th...
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Energy Department will spend $2 billion to squeeze more electricity from the aging power grid
ALLENTOWN, Pa. (AP) — The Energy Department said Thursday that it will spend almost $2 billion to try to squeeze more electricity out of the nation's aging and stressed power grid, as President Donald Trump's administration steps up efforts to avoid blackouts amid skyrocketing energy demand spurr...
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Ugandans plant trees near national park to keep people out of gorillas’ habitat
BWINDI, Uganda (AP) — In the tangled greenery of a Ugandan national park, mountain gorillas sit among the leaves, calmly carrying on as tourists trek into their forest home.
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Autonomous AI hacks raise thorny questions of legal accountability
WASHINGTON (AP) — The Justice Department has a long history of investigating and prosecuting hackers who break into a private company's network.
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3 US news outlets return to White House after judge orders Trump to lift ban
Reporters from CNN, MS NOW and Politico returned to the White House hours after a federal judge temporarily blocked President Donald Trump’s ban of the three news outlets. The judge said early Thursday that the news outlets must have their access restored. But reporters from all three outlets sai...
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Morocco’s Authenticity and Modernity Party leads in provisional election results
CASABLANCA, Morocco (AP) — Morocco’s Authenticity and Modernity Party won the largest number of seats in the country’s parliamentary election, according to provisional results announced by the Interior Ministry early Thursday.
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A shaky day for oil prices and the bond market leaves US stocks not far from where they started
Stocks ended a shaky day of trading on Wall Street roughly where they began following a couple sudden reversals. The S&P 500 finished Thursday nearly flat and edged down by less than 0.1% following several turns between losses and gains. The Dow Jones Industrial Average dropped 0.3%, and the Nasd...
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Hundreds of trucks jam Turkey-Iran border crossing as US blockade pushes trade overland
GURBULAK BORDER CROSSING, Turkey (AP) — Hundreds of trucks idle along the road into Iran from Turkey’s mountainous eastern border. Bustling even in normal times, the countries' largest crossing is now a make-or-break economic lifeline for Tehran as the U.S. navy blockades its ports.
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Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
FRANKFURT, Germany (AP) — When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy.
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FDA nominee says vaccines are safe despite Trump efforts to overhaul childhood shots
WASHINGTON (AP) — President Donald Trump's pick to lead the Food and Drug Administration voiced support for the safety of long-established vaccines at a hearing Thursday, even as senators questioned her about the White House's efforts to upend childhood immunizations.
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Trump lays out the pomp for Xi but says little about the significant tensions in US-China relations
Presidents Donald Trump and Xi Jinping met on Thursday for important talks on the U.S.-China relationship. They are divided on issues like the Iran war and trade, but both leaders hope personal rapport can prevent conflict. Trump emphasized their friendship, while Xi stressed healthy competition....
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One Tech Tip: iOS 27 comes with revamped screen time controls and other useful new features
Apple's latest mobile operating system update, iOS 27, rolled out last week, headlined by a more advanced version of its Siri assistant. But it also comes with a slew of other useful but less well known features for iPhone users.
