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AP National Business

US employers added a surprisingly strong 339,000 jobs in May in a sign of economic health

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report from the government reflected the job market’s resilience after more

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Some ‘Diablo IV’ players report invalid license error message after early access launch

WASHINGTON (AP) — Early access for “Diablo IV” began Thursday night — but the rollout of the highly anticipated action role-playing video game didn’t come without speedbumps, notably for PlayStation users. While the early access launch of Blizzard Entertainment’s “Diablo IV” appeared to go smoothly for many players who pre-purchased eligible editions of the game,

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Biden to enforce ban on oil, gas drilling to protect tribal sites around New Mexico’s Chaco

ALBUQUERQUE, N.M. (AP) — The Biden administration is implementing a 20-year withdrawal banning oil and gas development outside the boundaries of Chaco Culture National Historical Park in northwestern New Mexico. The action taken by Secretary of the Interior Deb Haaland in the nation’s No. 2 oil-producing state was announced Friday. It is intended to protect

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IMF says Sri Lanka’s economic recovery shows signs of improvement but challenges remain

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday. The Indian Ocean island nation declared bankruptcy in April 2022 and said it was suspending repayment of its foreign

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US jobs report for May could point to slower hiring as Fed rate hikes cool demand for workers

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s surprisingly resilient job market may have delivered yet another month of solid hiring and pay gains in May, if economists’ forecasts prove to be correct. Still, some signs of cooling could emerge in the government report being released Friday. Analysts have estimated that hiring slowed

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Drought, water overuse prompt Arizona to limit construction in some fast-growing parts of Phoenix

By JACQUES BILLEAUD and SUMAN NAISHADHAM Associated Press PHOENIX (AP) — Arizona will not approve new housing construction on the fast-growing edges of metro Phoenix that rely on groundwater thanks to years of overuse and a multi-decade drought that is sapping its water supply. In a news conference Thursday, Gov. Katie Hobbs announced the restrictions

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