AP National Business

By ADRIANA MORGA Associated Press NEW YORK (AP) — For many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the last minute. But if you want to avoid the stress of the looming deadline, start getting organized as

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Norfolk Southern delivered 4% more fourth-quarter profit but higher expenses driven by soaring fuel costs hurt the bottom line even as service improved across the railroad. The Atlanta-based railroad said it earned $790 million, or $3.42 per share. That fell short of what Wall Street

By KEN SWEET AP Business Writer NEW YORK (AP) — Goldman Sachs spent eight years attempting to expand its business beyond corporations and the wealthy. But in recent months, the storied investment bank has signaled a partial retreat from those efforts by scrapping plans for a checking account broadly available to the public and mothballing

By JUAN ZAMORANO Associated Press PANAMA CITY (AP) — Two sons of former Panama President Ricardo Martinelli are expected back in Panama after completing prison sentences in the United States for laundering millions of dollars in bribes from Brazilian construction giant Odebrecht. Luis Enrique Martinelli Linares and Ricardo Martinelli Linares were scheduled to arrive Wednesday

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — Puerto Rico privatized its electricity production on Wednesday. The government chose Genera PR to take over the operation and maintenance of state power generation units in the U.S. territory as part of an initial $22.5 million annual contract. Genera is a subsidiary of New

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is weakening Wednesday on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others. The S&P 500 was 0.3% lower in afternoon trading after falling as much as 1.7% in the morning. It’s on pace for

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year. That’s due to factors including the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency.

By THALIA BEATY and GLENN GAMBOA Associated Press Amazon’s surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity

By MATTHEW DALY Associated Press WASHINGTON (AP) — Democratic Sen. Joe Manchin is moving to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. Manchin says Treasury Department guidelines allow manufacturers in Europe and other countries to bypass requirements that significant portions of EV batteries be produced

By AMANDA SEITZ Associated Press WASHINGTON (AP) — The government says a record 16.3 million people sought health insurance through the Affordable Care Act this year. That’s double the number covered when the marketplaces first launched nearly a decade ago. More than 3 million new members have joined the marketplace, which is also known as

By BERT WILKINSON The Associated Press GEORGETOWN, Guyana (AP) — The former leader of Guyana’s Environmental Protection Agency is criticizing the government’s plan to use satellites to monitor oil spills in the South American nation’s waters. The agency announced that it will use Colorado-based MAXAR Technologies to watch its oil fields from space. But Vincent

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is tumbling Wednesday on worries about how badly corporate profits will get hit by a slowing economy following a mixed set of earnings reports and forecasts from Microsoft and others. The S&P 500 was 1.5% lower in morning trading, on pace for a

NEW YORK (AP) — Stocks are opening lower on Wall Steeet on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others. The S&P 500 was 1.2% lower in early trading Wednesday, on pace for a second step down after reaching its highest level in seven weeks on

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Norfolk Southern railroad delivered 4% more fourth-quarter profit even though the number of shipments it hauled dipped slightly because it collected more surcharges for higher fuel prices and raised the rates it charges. The Atlanta-based railroad said it earned $790 million, or $3.42 per share.

By YURI KAGEYAMA and MATT OTT AP Business Writers Wall Street pointed toward losses before the bell Wednesday as investors await more earnings and economic data that may reveal whether inflation has slowed enough to satisfy Federal Reserve officials, who have hinted at another rate hike when they meet next week. Futures for the Dow

By KELVIN CHAN Associated Press LONDON (AP) — Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring cost of living. Union members voted to walk off

By DAVID KOENIG AP Airlines Writer Boeing is reporting a loss of $663 million in the fourth quarter. Revenue is up, but so are production costs as Boeing struggles with supply-chain problems. Boeing reported fourth-quarter results on Wednesday, and it was another disappointing quarter for the aerospace giant. The loss is a surprise to analysts,

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka’s Central Bank chief says the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan. Sri Lanka is bankrupt and has suspended repayment of

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The economic outlook has brightened in Europe’s largest economy. The German government on Wednesday raised its estimate for growth next year to an 0.2% expansion from a 0.4% contraction as the country manages its energy divorce from Russia and shells out support for consumers and