AP National Business

By ALANNA DURKIN RICHER Associated Press BOSTON (AP) — A federal prosecutor says a wealthy Russian businessman and associates made tens of millions of dollars by cheating the stock market in an elaborate scheme that involved hacking into U.S. computer systems to steal insider information about companies such as Miscrosoft and Tesla. Vladislav Klyushin is

By CHRIS MEGERIAN Associated Press BALTIMORE (AP) — President Joe Biden, a daily rail commuter during his years in the Senate, has visited an aging Baltimore tunnel that’s slated to be replaced with help from the bipartisan infrastructure legislation he signed in 2021. The Baltimore and Potomac Tunnel project would eliminate a bottleneck that delays

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: SoFi Technologies Inc., up 74 cents to $6.68. The financial services company reported strong fourth-quarter financial results. Alliance Resource Partners L.P., up $1.83 to $22.54. The Tulsa, Oklahoma-based coal miner’s fourth-quarter profit and revenue beat analysts’ forecasts. Colgate-Palmolive Co., up $1.29

The Associated Press Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 1.3% Monday as markets prepare for decisions on interest rates around the world and a slew of earnings reports. Wall Street ended last week at its highest level since early December in part

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority. The U.S. plans to borrow $932 billion during the January-to-March quarter.

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 dropped 1.3%, giving back some of the gains that had carried

DALLAS (AP) — Southwest Airlines and American Airlines are canceling dozens of flights in north Texas, which is under a winter storm warning until midweek. Tracking service FlightAware says about 30% of all flights at Dallas Love Field Airport, home to Southwest, were canceled by early Monday afternoon. At nearby Dallas Fort Worth International Airport,

DETROIT (AP) — A Detroit-area doctor has been sentenced to nearly 17 years in federal prison and ordered to pay $30 million. Frank Patino was accused of leading a scheme to bill Medicare and private insurers for unnecessary injections and write prescriptions for millions of opioids. The government says the fraud was one of the

By The Associated Press Boeing is trying to ramp up production of its 737 Max to take advantage of a backlog in orders for the jet. A Boeing executive said Monday that the company will add an assembly line at an existing plant in Everett, Washington. Boeing has room in the plant because it will

By RALPH D. RUSSO AP College Football Writer Broken promises and unrealistic expectations have been part of college football recruiting for as long as coaches have been pitching their programs in living rooms across America. Opportunities for playing time and a path to the NFL are being peddled, as always, but now potentially lucrative endorsement

The National Highway Traffic Safety Administration announced a consent order with Volvo Group North America that includes a civil penalty of $130 million for violations of the Vehicle Safety Act. The consent order comes after an investigation found that Volvo Group North America failed to recall vehicles in a timely fashion and to comply with

PARIS (AP) — France and Australia have announced plans to jointly produce and send several thousand 155-millimeter artillery shells to Ukraine. The first deliveries are expected by the end of March. The multimillion-dollar plan is the latest offer of support for Ukraine by both countries. It comes amid growing appeals from Ukrainian President Volodymyr Zelenskyy

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla made similar moves. The company says in a statement that it’s increasing production of the Mach-E this year and is taking advantage of streamlined costs

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are falling on Wall Street Monday ahead of a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 was 1% lower in afternoon trading, giving back some of

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla made similar moves. The company says in a statement that it’s increasing production of the Mach-E this year and is taking advantage of streamlined costs

By JON GAMBRELL Associated Press ABU DHABI, United Arab Emirates (AP) — Trying to sell France to Emirati investors, France’s finance minister has highlighted what he described as the business-friendly overhaul of President Emmanuel Macron while on a trip to Abu Dhabi. However, Bruno Le Maire’s comments Monday in the United Arab Emirates sidestepped ongoing

NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Wall Street was poised to open with lower Monday as attention turns to this week’s decision by the Federal Reserve on interest rates and a week heavy with big tech earnings. Futures for the Dow Jones industrials slipped 0.6% and

By CHRIS MEGERIAN Associated Press BALTIMORE (AP) — President Joe Biden has headed to Baltimore to visit an aging rail tunnel that’s slated to be replaced with help from bipartisan infrastructure legislation he signed in 2021. The Baltimore and Potomac Tunnel project is estimated to cost $4 billion and take a decade to finish. The