AP National Business

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are drifting on Wall Street Wednesday following the Federal Reserve’s latest hike to interest rates, which are meant to get inflation under control. The S&P 500 was 0.4% lower in afternoon trading. The Dow Jones Industrial Average was down 330 points, or 1%, at

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by 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

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are drifting on Wall Street Wednesday following the Federal Reserve’s latest hike to interest rates, which are meant to get inflation under control. The S&P 500 was 0.2% lower in afternoon trading, paring its loss from shortly before the Fed’s announcement. The Dow Jones

By KEVIN FREKING Associated Press WASHINGTON (AP) — House Republicans have begun their promised aggressive oversight of the Biden administration. The focus Wednesday was on what watchdogs describe as “indications of widespread fraud” in federal coronavirus aid programs initiated under President Donald Trump. GOP lawmakers complained that too little attention was paid to the problems

By LISA MASCARO and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy are preparing for their first meeting since the GOP leader took power. The Wednesday afternoon sitdown comes ahead of a looming debt ceiling showdown. Biden has refused to engage in brinkmanship over lifting the nation’s

LONDON (AP) — Qatar Airways and Airbus have reached a settlement in a longstanding legal dispute over the A350 jetliner and billions of orders for other planes. The companies said in a statement Wednesday that the settlement was “amicable and mutually agreeable.’’ The statement says “a repair project is now underway and both parties look

THE HAGUE, Netherlands (AP) — The government of the Netherlands says a cow that died recently on a Dutch farm has tested positive for mad cow disease. It’s a rare case of the cattle illness that can cause a fatal brain disease in people who eat tainted beef. Agriculture Minister Piet Adema said the South

By MICHELLE CHAPMAN AP Business Writer FedEx, Rivian Automotive, and DraftKings have joined a growing list of U.S. corporations announcing job cuts. FedEx said Wednesday in an announcement sent to its employees that it is reducing the size of its officer and director team by more than 10% and consolidating some teams and functions. Rivian

By MATT O’BRIEN AP Technology Writer NEW YORK (AP) — Before the artificial intelligence tool ChatGPT was unleashed into the world, the novelist Robin Sloan was testing a similar AI writing assistant built by researchers at Google. It didn’t take long for Sloan, author of the bestseller “Mr. Penumbra’s 24-Hour Bookstore,” to realize that the

By JOE REEDY AP Sports Writer CUPERTINO, Calif. (AP) — After taking its first dip into sports streaming last year, Apple is now immersing itself. The tech giant kicked off a 10-year partnership with Major League Soccer on Wednesday with the launch of Season Pass on Apple TV+. “This is very important for us. It

By VADIM GHIRDA and STEPHEN McGRATH Associated Press BUCHAREST, Romania (AP) — A Romanian court on Wednesday upheld a second 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate who is held on suspicion of organized crime and human trafficking, an official said. Tate lost his appeal against a judge’s Jan. 20

LIMOURS, France (AP) — Ukraine’s defense minister says Ukrainian lives will be saved by a sophisticated air-defense radar that France is supplying. France says the Ground Master 200 is powerful enough to spot incoming missiles and exploding drones in the skies over all of Ukraine’s capital and its surrounding region. Ukrainian Defense Minister Oleksii Reznikov

By MARIA CHENG AP Medical Writer LONDON (AP) — A top U.S. health official has urged the World Health Organization to address allegations that one of its doctors repeatedly engaged in sexual misconduct. An AP investigation unearthed previous allegations against the same doctor that did not result in significant consequences. At the time of the

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. job openings rose to 11 million in December, a sign the American labor market remains hot and a blow to the Federal Reserve’s efforts to cool it off. The Labor Department said Wednesday that openings were up from 10.4 million in November. Economists had expected

DUBAI, United Arab Emirates (AP) — AMC Entertainment Holdings has decided to exit Saudi Arabia’s fast-growing market amid heavy competition less than five years after the lifting of a decades-long ban on movie theaters. The world’s biggest cinema chain, which announced the decision on Tuesday, said it had always planned to eventually hand operations over

PRAGUE (AP) — Officials in the Czech Republic say the government will end checks on the country’s border with Slovakia that were renewed last year amid a new increase in migration. The government announced the move on Wednesday. The measure has been in place since Sept. 29 at 27 border crossings and was initially supposed

By WANJOHI KABUKURU Associated Press Local climate activists in Congo are hoping Pope Francis’ visit will help spur action to protect the country’s rainforest from oil and gas interests. The Pope’s call to protect Congo’s “great green lungs of the world” on Tuesday was welcomed by campaigners who see the papal visit as a fresh

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are drifting on Wall Street Wednesday ahead of the Federal Reserve’s latest decision on interest rates. The S&P 500 was 0.2% lower in morning trading. The Dow Jones Industrial Average was down 190 points, or 0.6%, at 33,895, as of 10:20 a.m. Eastern time,

By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — Russia is mustering its military might in the Luhansk region of Ukraine, officials said Wednesday, in what Kyiv suspects is preparation for an offensive as the first anniversary of Moscow’s invasion approaches. Also Wednesday, President Volodymyr Zelenskyy’s government continued its crackdown on alleged corruption with the

By SUZAN FRASER and JARI TANNER Associated Press ANKARA, Turkey (AP) — Turkey’s president has reaffirmed that Turkey won’t allow Sweden to join the NATO military alliance as long as it permits protests desecrating Islam’s holy book. Turkey has been holding off approving Sweden and Finland’s membership in the alliance. The Turkish government has been