AP National Business

The Associated Press Stocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy to fight inflation. The S&P 500 fell 1.2% Thursday. The Dow Jones Industrial Average and the Nasdaq also fell.

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Amazon.com Inc., down $2.02 to $83.12. The e-commerce giant is cutting about 18,000 positions. Bed Bath & Beyond Inc., down 72 cents to $1.69. The home goods retailer warned investors of substantial doubt about its ability to continue as a “going

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Exercise equipment maker Peloton Interactive has agreed to pay roughly $19 million in fines related to its delay in reporting a defect for its treadmills that caused one death and multiple injuries, the federal consumer watchdog said Thursday. The Consumer Product Safety Commission said that

FORT WORTH, Texas (AP) — Federal officials say American Airlines retaliated against flight attendants who complained about jet fuel fumes seeping into airplane cabins. The Occupational Safety and Health Administration has proposed a fine of less than $7,000 against American. The airline will contest the fine. Flight attendants who complained about getting sick say the

By RIO YAMAT and DAVID KOENIG Associated Press LAS VEGAS (AP) — Delta Air Lines says it will start providing free Wi-Fi for all passengers on most of its U.S. flights starting next month. The airline said Thursday that it provide the service through a partnership with T-Mobile. By the end of the year, Delta

NEW YORK (AP) — New York Attorney General Letitia James is suing the former CEO of the failed cryptocurrency lending platform Celsius Network, saying he misled investors. The lawsuit filed Thursday seeks to ban Alex Mashinsky from doing business in the state. James says Mashinsky, a co-founder of Celsius, encouraged investors to put billions of

NEW YORK (AP) — New York Attorney General Letitia James is suing the former CEO of the failed cryptocurrency lending platform Celsius Network, saying he misled investors. The lawsuit filed Thursday seeks to ban Alex Mashinsky from doing business in the state. James says Mashinsky, a co-founder of Celsius, encouraged investors to put billions of

By HALELUYA HADERO AP Business Writer LAS VEGAS (AP) — More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors who can help their businesses grow. But amid the slew of layoffs in

By MUNIR AHMED Associated Press ISLAMABAD (AP) — Pakistani officials are increasingly concerned whether next week’s U.N.-backed conference will succeed in raising the billions of dollars needed to help survivors and launch reconstruction efforts following last summer’s devastating floods. Authorities say they need $16.3 billion, half of which will be financed from the budget. The

LAS VEGAS (AP) — Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla. The German luxury automaker said at the CES gadget show in Las Vegas Thursday that it will start building the North American network this year

By MATT OTT AP Business Writer WASHINGTON (AP) — The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glimmer of hope. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate inched up to 6.48% this week

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it canceled 15,000 flights around Christmas and left holiday travelers stranded. CEO Robert Jordan said Thursday that Southwest has processed about 75% of the

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Beleaguered Bed Bath & Beyond is warning it may need to file for bankruptcy as struggles to attract shoppers. The Union, New Jersey-based home goods chain said Thursday that it’s looking at options including restructuring its business in bankruptcy. It acknowledged that even those efforts

By ALEXANDRA OLSON and MICHELLE CHAPMAN AP Business Writers The Federal Trade Commission proposed a rule Thursday that would ban U.S. employers from imposing noncompete clauses on workers, a sweeping measure that could make it easier for people to switch jobs and deepen competition for labor across a wide range of industries. The proposed rule

LONDON (AP) — The British government is dangling the prospect of public-sector pay hikes next year in an attempt to end strikes by nurses and ambulance staff. The government on Thursday invited union leaders for talks on 2023-24 pay rates and promised a “cooperative spirit.” But the government also said it will introduce legislation to

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — Federal ocean regulators say a new fishing plan has a chance to rebuild the New England cod stock, which is a goal even many commercial fishermen have long regarded as far fetched. Atlantic cod were once a cornerstone of the New England economy, but the catch

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Struggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue to drop and it struggles to attract shoppers. The company, based in Union, New Jersey, said that it’s looking at

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell broadly on Wall Street and Treasury yields rose Thursday after another hot reading on the job market raised worries that the Federal Reserve will need to keep inflicting pain on the economy to fight inflation. The S&P 500 fell 1.2%, clawing back all

BERLIN (AP) — A top German official says the government is working on legislation enabling the use of underground carbon storage, a much-discussed technology that he said is preferable to releasing carbon dioxide into the atmosphere. Vice Chancellor Robert Habeck, who is also Germany’s economy and climate minister, pointed in a speech Thursday to the

Associated Press CHISINAU, Moldova (AP) — The U.S. has pledged $30 million in aid to Moldova to help the small country tackle an energy crisis and other economic hardships “caused by the Kremlin’s unprovoked and unjustified war” against Ukraine. An official from the U.S. Agency for International Development said Thursday the funds will be paid