AP Business
Business and economic news from the Associated Press.
Latest stories
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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...
-
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.
-
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...
-
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 ...
-
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...
-
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 ...
-
US stocks are mixed after oil prices ease and bond yields rise
A cooldown in oil prices is clashing on Wall Street with pressure building from the bond market, leaving the U.S. stock market mixed. The S&P 500 was virtually unchanged Friday, but only after flipping between gains and losses. The Dow Jones Industrial Average added 155 points, and the Nasdaq com...
-
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.
-
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.
-
Trump's state dinner for Xi features sea bass and a long list of tech titans
WASHINGTON (AP) — A tech-heavy guest list, the fashion choices of those on it, who sat where and what was on the menu marked the softer — often and glitzier — details of diplomacy as Donald Trump threw a Thursday night state dinner honoring China’s leader Xi Jinping.
-
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.
-
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 ...
-
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.
-
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.
-
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.
-
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...
-
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...
-
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.
-
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-thir...
