AP National Business

By SAMY MAGDY Associated Press CAIRO (AP) — A spokesperson for Egypt’s Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway. The Malta-flagged Seavigour suffered a mechanical malfunction while transiting the canal from the Mediterranean Sea to the Red Sea on Sunday. The canal

By SAMY MAGDY Associated Press CAIRO (AP) — A spokesperson for Egypt’s Suez Canal says a tanker transporting curd oil broke down in the canal on Sunday, disrupting traffic in the global waterway. The Malta-flagged Seavigour suffered a mechanical malfunction while transiting the canal from the Mediterranean to the Red Sea. The canal authority has

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped

By GABE STERN Associated Press/Report for America CARSON CITY, Nev. (AP) — Gov. Joe Lombardo wants to help build Major League Baseball’s smallest ballpark — arguing that the worst team in baseball can boost Las Vegas, a city striving to call itself a sports mecca. Nationwide debate about public funding for private sports clubs has

By MICHAEL HILL Associated Press ARGYLE, N.Y. (AP) — Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm. And that’s a problem. There aren’t enough places to sell it. The 700 pounds (318 kilograms) of pungent flower was harvested last year as part of New

By CHRIS MEGERIAN Associated Press WASHINGTON (AP) — With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. It was a decidedly low-key denouement to a monthslong drama that unnerved financial markets at home and abroad and

SAN FRANCISCO (AP) — A top Twitter executive responsible for safety and content moderation has left the company, her departure coming soon after owner Elon Musk publicly complained about the platform’s handling of posts about transgender topics. The departure pointed to a fresh wave of turmoil among key officials at Twitter since Musk took over

MOSCOW (AP) — Russian President Vladimir Putin’s spokesman said Saturday that journalists from countries that Russia regards as unfriendly have been banned from covering this year’s economic forum in St. Petersburg, one of the country’s showpiece events. The move underlines the intensifying animosity between Russia and countries that have imposed sanctions connected to the fighting

By CORA LEWIS and ADRIANA MORGA Associated Press NEW YORK (AP) — A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt. If Congress approves a debt ceiling deal negotiated by House Speaker

By CHRIS MEGERIAN Associated Press WASHINGTON (AP) — President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, dodging Monday’s deadline when the Treasury warned that the United States would start running short of cash to pay all its bills. The bipartisan measure, passed by the House on Wednesday and

By CHRIS MEGERIAN Associated Press WASHINGTON (AP) — President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, just two days before the U.S. Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the House and Senate, eliminates the

By BECKY BOHRER, JENNIFER SINCO KELLEHER and GENE JOHNSON Associated Press JUNEAU, Alaska (AP) — Morgan Robidou posed next to the bright aluminum hull of his prized new vessel, a 30-foot (9-meter) fishing boat that he could use to take friends, family or tourists out after salmon or halibut in the bountiful waters of southeast

By SCOTT McFETRIDGE, HANNAH FINGERHUT and RYAN J. FOLEY Associated Press DES MOINES, Iowa (AP) — A structural engineer’s report issued last week indicated a wall of a century-old apartment building in Iowa was at imminent risk of crumbling, yet neither the owner nor city officials warned residents of the danger days before the building

By ZEKE MILLER and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted” in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he said would have been catastrophic for the

By KEN SWEET AP Business Writer NEW YORK (AP) — Customers of Chase’s online banking services have seen double transactions, fees and payments in their accounts. But by late Friday the bank said it had fixed the glitch. Numerous Chase customers had posted on social media that their rent or bill payments were taken out

By ZEKE MILLER and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — President Joe Biden planned to praise the contentious, just-passed budget deal in a speech to the nation Friday evening, ready to sign the agreement averting the country’s first-ever government default, which would have sent shock waves through the U.S. and global economies. The measure

By RANDALL CHASE Associated Press DOVER, Del. (AP) — An attorney for a Pennsylvania coal exporter says West Virginia Gov. James Justice is refusing to pay a balance of $1.9 million on a judgment against him and one of his family-owned coal companies. The attorney for Xcoal Energy & Resources also told a federal judge

By KEN SWEET AP Business Writer NEW YORK (AP) — Customers of Chase’s online banking services saw double transactions, fees and payments in their accounts on Friday, in a glitch that was not fixed until late in the day. Numerous Chase customers had posted on social media that their rent or bill payments were taken