AP National Business

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — To avert a dangerous U.S. default, the House was heading toward approval of a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against

By DEE-ANN DURBIN AP Business Writer Rapper, producer and entrepreneur Sean “Diddy” Combs sued Diageo Wednesday, saying the spirits company didn’t make promised investments in his vodka and tequila brands and treated them as inferior “urban” products. The lawsuit, filed with the New York Supreme Court in Manhattan, says Diageo North America starved Combs’ Ciroc

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June. But they indicate hikes could resume later this year. Three leading Fed officials have expressed support for the idea of skipping

By LARRY NEUMEISTER and KEN SWEET Associated Press NEW YORK (AP) — JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until his 2019 arrest. Dimon made the revelation during a videotaped deposition Friday in connection with lawsuits filed against the nation’s largest bank. The lawsuits on behalf of victims and the U.S.

By MARK ANDERSON AP Sports Writer LAS VEGAS (AP) — The NBA Finals could’ve featured glamour teams like the Boston Celtics and Los Angeles Lakers, and conventional thinking before the NHL playoffs stated the dominant Boston Bruins and star-studded Edmonton Oilers were on a near-collision course to meet in the Stanley Cup Final. All four

STAMFORD, Conn. — Emeren Group: Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — NetApp Inc. (NTAP) on Wednesday reported fiscal fourth-quarter profit of $245 million. The San Jose, California-based company said it had profit of $1.13 per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share. The results beat Wall Street expectations. The average estimate

AYER, Mass. — American Superconductor: Fiscal Q4 Earnings Snapshot

NEW YORK — PVH: Fiscal Q1 Earnings Snapshot

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — The debt ceiling and budget cuts package is heading toward House passage after crossing a crucial hurdle Wednesday. President Joe Biden expressed optimism the deal he negotiated with Speaker Kevin McCarthy would pass later in the evening. They have worked

By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — Pope Francis has asked aides to get to the bottom of how at least $17 million was transferred from the Vatican’s U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest. The story of what happened to the money and how is one

By WYATTE GRANTHAM-PHILIPS AP Business Writer WASHINGTON (AP) — Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West. Adidas ended its yearslong partnership with Ye in late October, in light of his antisemitic remarks and other

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is slumping with stock markets worldwide Wednesday as worries rise about the strength of the global economy and inflation. The S&P 500 was 0.8% lower in afternoon trading. The Dow Jones Industrial Average was down 212 points, or 0.6%, at 32,827, as of

By DAVID KOENIG AP Airlines Writer A federal judge is ruling that families of passengers who died in the second crash of a Boeing 737 Max can seek damages for the pain and terror suffered by their relatives before the plane crashed in Ethiopia. The ruling posted Tuesday night is a setback for Boeing, which

By NICHOLAS PAPHITIS Associated Press ATHENS, Greece (AP) — Former Greek Foreign Minister Theodoros Pangalos has died at age 84. Pangalos was known for his undiplomatic outbursts and on whose watch Greece suffered one of its most embarrassing foreign policy debacles in 1999. Pangalos’ family said on Twitter that he died peacefully at home Wednesday.

By The Associated Press Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota’s huge complex in Georgetown, Kentucky, which will build Toyota’s first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans

By TOM KRISHER and ASHRAF KHALIL Associated Press WASHINGTON (AP) — The U.S. government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. The announcement by the National Highway Traffic Safety Administration represents its latest move

By SCOTT McFETRIDGE, HANNAH FINGERHUT and ERIN HOOLEY Associated Press DAVENPORT, Iowa (AP) — As some residents of an Iowa apartment building that partially collapsed remain unaccounted for, officials in the city of Davenport say they were able to rescue several pets from a safer area of the six-story building. Davenport authorities have not provided

By JARI TANNER Associated Press HELSINKI (AP) — Latvian lawmakers have picked the Baltic country’s long-serving and popular foreign minister as its new head of state in a tight vote. The 100-seat Saeima legislature elected Edgars Rinkevics as president to serve for a four-year term. He received 52 votes. That’s one vote more than required