AP National Business

By JOE McDONALD and MATT OTT AP Business Writers Wall Street held steady in premarket trading Friday as some of the nation’s biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Futures for the Dow Jones industrials ticked up 0.1% and futures for the S&P 500 were essentially

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s government on Friday approved a controversial plan to open the country’s first casino in the city of Osaka as it seeks to lure more foreign tourists. The casino resort is to include conference facilities, an exhibition hall, a hotel and a theater and is expected to

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest rate hikes are needed to get prices under control. Christopher Waller, a member of the Fed’s governing board, did not specify how

By EMILY WANG FUJIYAMA and MAURICIO SAVARESE Associated Press BEIJING (AP) — Chinese leader Xi Jinping has met with visiting Brazilian President Luiz Inácio Lula da Silva as part of a push to boost ties between two of the world’s largest developing nations. The meeting came on the second day of Lula’s visit to China,

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January. Retail sales dropped 1% in March from February, a sharper decline than the 0.2% fall in

NEW YORK — Citigroup: Q1 Earnings Snapshot

By KEN SWEET AP Business Writer JPMorgan Chase & Co. posted a 52% jump in its first-quarter profits, helped by higher interest rates, which allowed the bank to charge customers more for loans. The bank saw deposits grow noticeably, as business and customers flocked to the banking titan after the failure of Silicon Valley Bank

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Friday reported first-quarter profit of $4.99 billion. The San Francisco-based bank said it had earnings of $1.23 per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15

By TOM MURPHY AP Health Writer UnitedHealth beat first-quarter forecasts and hiked its 2023 guidance for the first time, pushed in part by more growth from its Optum care segment. The health care giant said Friday that revenue jumped 25% from its Optum segment, which provides care and manages prescription drug benefits. Operating earnings from

NEW YORK — BlackRock: Q1 Earnings Snapshot

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stock markets rose Friday after U.S. inflation eased in March and China reported unexpectedly strong exports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices rose. Wall Street futures were lower, giving up part of Thursday’s gains after U.S. inflation at

By MICHAEL GOLDBERG Associated Press/Report for America ROLLING FORK, Miss. (AP) — The scent of the Mississippi Delta’s soil took hold of Charlie Weissinger’s psyche at an early age, and he has chased it ever since. Weissinger, 37, works at a bank to support his farming addiction in Rolling Fork, where his family has grown

BEIJING (AP) — Chinese leader Xi Jinping was due to meet visiting Brazilian President Luiz Inácio Lula da Silva on Friday in Beijing as the leaders seek to boost ties between two of the world’s largest developing nations. The meeting comes on the second day of Lula’s visit to his country’s most important trading partner

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — As finance leaders from around the world meet at the World Bank in Washington this week, food service workers at the poverty-fighting organization are highlighting what they see as a galling situation: The workers who put food on the table for an organization whose mission is to

By LEANNE ITALIE Associated Press NEW YORK (AP) — They’re the biggest of brands. But with no logos. And that’s the whole point. Call it stealth wealth, or quiet luxury. For the rich and those who aspire, logo-free fashion with outsized price tags is having a moment — at least among people who can spend

By ANIRUDDHA GHOSAL AP Science Writer SURGUJA, India (AP) — Poonam Gond is learning to describe her pain by numbers. Zero means no pain and 10 is agony. Gond was at seven late last month. “I have never known zero pain,” she said, sitting in the plastic chair where she spends most of her days.

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after United States inflation eased in March and China reported unexpectedly strong exports. Shanghai, Tokyo and Seoul advanced. Hong Kong was unchanged. Oil prices rose. Wall Street’s benchmark S&P 500 index rose 1.3% on Thursday after U.S. inflation