AP National Business

By BECKY BOHRER and MATTHEW DALY Associated Press JUNEAU, Alaska (AP) — The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope. The U.S. Bureau of Land Management’s recommendation is not final. It calls for up to three drilling sites initially, fewer than the five pursued

By LISA MASCARO and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy met face-to-face Wednesday for more than an hour of highly anticipated budget talks — “a good first meeting,” the new Republican leader said — but expectations were low for quick progress as GOP lawmakers push

By BECKY BOHRER and MATTHEW DALY Associated Press JUNEAU, Alaska (AP) — The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope. The U.S. Bureau of Land Management’s recommendation is not final. It calls for up to three drilling sites initially, fewer than the five pursued

By STEVE KARNOWSKI Associated Press The U.S. Air Force is telling North Dakota leaders it believes a Chinese company’s plan to build a wet corn milling plant near the Grand Forks Air Force Base poses a national security threat. The Fufeng Group’s proposed $700 million project had been touted as an economic boon. Now opponents

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — New Jersey lawmakers will soon discuss a proposed law that would ban smoking in Atlantic City’s casinos, the first action in nearly three years on an emotional issue that is dividing casino patrons and sickening some workers. A state Senate committee will hold a hearing

By DAVID KOENIG AP Airlines Writer President Joe Biden is taking swipes at airlines and hotels over some of the fees that they charge consumers. The president is also going after ticket sellers and internet and cable companies. On Wednesday, Biden called on Congress to pass legislation to limit what he called “junk fees.” He

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial.

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time,

By CORA LEWIS Associated Press NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. The rate increase will likely make it even costlier to borrow

By BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok. But the company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations and

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Wall Street climbed Wednesday to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss to

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — The sweet smell of green chile roasting on an open flame permeates New Mexico every fall, wafting from roadside stands and grocery store parking lots and inducing mouth-watering visions of culinary wonders. Now one state lawmaker says it’s time for everyone to wake up and

The Associated Press Wall Street rose to its highest level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss Wednesday to rise 1%. The Nasdaq jumped and the Dow ended barely higher.

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks climbed Wednesday to send Wall Street to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Advanced Micro Devices Inc., up $9.49 to $84.64. The chipmaker’s fourth-quarter financial results beat Wall Street forecasts. Electronic Arts Inc., down $11.92 to $116.76. The maker of “The Sims”, “FIFA” and other video games cut its revenue forecast for its fiscal

By LISA MASCARO and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy have met for more than an hour at the White House, aiming to avert a national debt limit crisis. There was no quick progress on related federal spending action, but the Republican leader called it

By MICHELLE L. PRICE Associated Press NEW YORK (AP) — New campaign finance reports show that former President Donald Trump’s political operation started this year with about $25 million socked away for his recently launched presidential campaign. That sum is substantially less than the $105 million he had on hand just one year ago when

By BRENDAN FARRINGTON Associated Press TALLAHASSEE, Fla. (AP) — Republican Gov. Ron DeSantis says Florida will have enough money to withstand a national economic downturn while still being able to provide tax breaks. DeSantis released his proposed $115 billion budget Wednesday with promises of sales tax relief on items like pet food and, children’s books

By KRUTIKA PATHI and SHEIKH SAALIQ Associated Press NEW DELHI (AP) — Embattled Indian billionaire Gautam Adani’s flagship company says it is reviewing its fundraising options after calling off a $2.5 billion share offering that was seen as a crucial test of investor confidence. The decision followed the loss of billions of dollars in market