AP National Business

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to $8 per gallon as the industry reaped

By JILL LAWLESS Associated Press LONDON (AP) — First Minister Nicola Sturgeon has addressed lawmakers for the last time as Scottish leader. She expressed pride in her government’s achievements to lessen poverty and inequality. But she failed in her quest to make Scotland an independent country. Sturgeon faced strong criticism from opponents in her 286th

PODGORICA, Montenegro (AP) — Police in Montenegro say they have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency. Montenegro’s interior minister said Thursday that authorities were awaiting official confirmation of the identity of a man who was arrested at the

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are rallying Thursday to recover almost all of their steep loss from a day before, when markets tumbled into the close. The S&P 500 was 1.6% higher in morning trading. The Dow Jones Industrial Average was up 412 points, or 1.3%, at 32,442, as

By JAIME HANSON of NerdWallet By the end of the 2023 NCAA tournament, an estimated one in four Americans will have wagered $15.5 billion in bets on the various games, according to the American Gaming Association. Last year, Matt Cappelen — a 34-year-old firefighter from Elk Grove Village, Illinois — would have been in the

By JAMEY KEATEN and DAVID McHUGH Associated Press GENEVA (AP) — The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil. In a statement, the Swiss National Bank said Thursday that it’s providing large amounts of support

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are rising Thursday to recover much of their steep loss from a day before, when markets tumbled into the close. The S&P 500 was 1% higher in early trading. The Dow Jones Industrial Average was up 231 points, or 0.7%, at 32,261, as of

By ABBY SEWELL Associated Press BEIRUT (AP) — The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis. An IMF delegation met with Lebanese officials on Thursday. Ernesto Ramirez Rigo, the head of the IMF mission, said at a news conference later that continued inaction

By KARL RITTER Associated Press KYIV, Ukraine (AP) — Ukraine’s president on Thursday made his third visit in two days to areas that have felt the brunt of Russia’s war, with a trip to the southern Kherson region that was retaken from the Kremlin’s forces, and as a senior Kyiv commander hinted that a brewing

By JARI TANNER Associated Press HELSINKI (AP) — The Finnish president has formally sealed the Nordic country’s historic bid to join NATO by signing into laws the required legal amendments needed for membership in the military alliance. The president’s move Thursday means Finland is now just awaiting approval from Turkey and Hungary, the only two

By MICHELLE CHAPMAN AP Business Writer Shares of Coinbase tumbled 16% at the opening bell Thursday after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could face securities charges. The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a Wells Notice from

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — A top Russian security official warned Thursday about the rising threat of a nuclear war and blasted a German minister for threatening Russian President Vladimir Putin with arrest, saying that such action would amount to a declaration of war and trigger a Russian strike on Germany. Dmitry

By MATT OTT AP Business Writer The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels. The Labor Department said Thursday that jobless claims in the U.S. for the week ending March 18 fell by 1,000

By MARI YAMAGUCHI and TONG-HYUNG KIM Associated Press TOKYO (AP) — Japan’s Ministry of Economy, Trade and Industry has announced the country will lift export controls of three key semiconductor-related materials imposed in 2019 against South Korea. The move is effective Thursday. Almost simultaneously, Seoul said it would drop its complaint with the World Trade

TORONTO — Aeterna Zentaris: Q4 Earnings Snapshot

By DANICA KIRKA Associated Press LONDON (AP) — The Bank of England has focused on fighting inflation with an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system. Britain’s central bank boosted its key rate by a quarter-percentage point to 4.25% on Thursday. It’s a day

CHRISTIANSTED, Virgin Islands — Altisource: Q4 Earnings Snapshot

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Americans eager to buy a home this spring, beware: It’s slim pickings out there. The number of U.S. homes on the market is at near-historic lows, which could dim would-be buyers’ prospects for finding a house or condo and fuel competition for the most affordable

ATLANTA — SecureWorks: Fiscal Q4 Earnings Snapshot