AP National Business

By TOM KRISHER AP Auto Writer DETROIT (AP) — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies on

The Associated Press LAS VEGAS (AP) — CES is not allowing Russian companies to display their gadgets at the annual tech show because of the country’s invasion of Ukraine. A spokesperson for the Consumer Technology Association, the trade group putting together the event in Las Vegas, said the move has only impacted one potential exhibitor.

By JAMES BROOKS Associated Press LAS VEGAS (AP) — Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show. The show is getting back to normal after going completely virtual in 2021 and seeing a significant drop in 2022 attendance because of the pandemic. On

The Associated Press Stocks ended higher on Wall Street after a day of wavering as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation. The S&P 500 rose 0.8% Wednesday. The Dow Jones Industrial Average and the Nasdaq also rose. Stocks

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Salesforce Inc., up $4.81 to $139.59. The cloud computing software company is laying off about 10% of its workforce in the latest round of job cuts in the tech industry. Progress Software Corp., up 44 cents to $51.41. The business software

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street closed broadly higher Wednesday after wavering for much of the day as investors weighed the minutes from the Federal Reserve’s latest meeting of policymakers and welcomed encouraging data on job openings. The major indexes rallied following a government report showing that

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union has “strongly encouraged” its member states to impose pre-departure COVID-19 testing of passengers from China, in a move that is likely to upset Beijing and has already been criticized by the global airline industry. Following a week of talks between EU health experts, the

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street shed some of their gains in afternoon trading Wednesday after minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation. The Fed raised its key short-term interest rate

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union has “strongly encouraged” its member states to impose pre-departure COVID-19 testing of passengers from China, in a move that is likely to upset Beijing and has already been criticized by the global airline industry. Following a week of talks between EU health experts, the

By STEVE KARNOWSKI Associated Press ST. PAUL, Minn. (AP) — Minnesota’s Democratic leaders pledge to use their new control of the state Legislature to improve the economic security of residents and to quickly enact protections for abortion rights. Wednesday marked the first day of bill introductions of the 2023 session. The Democratic proposals include a

By SEUNG MIN KIM and ZEKE MILLER Associated Press COVINGTON, Kentucky (AP) — President Joe Biden on Wednesday held out the promised makeover of a dilapidated bridge over the Ohio River as a symbol of what can happen when Republicans and Democrats work together — even as he condemned what he labeled an “embarrassing” scene

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast. In the minutes of their mid-December

The Associated Press Russian President Vladimir Putin on Wednesday sent a frigate armed with the country’s latest Zircon hypersonic missile on a trans-ocean cruise in a show of force as tensions with the West escalate over the war in Ukraine. Russia touts that the Zircon missile can evade any Western air defenses by flying at

By MICHAEL LIEDTKE and MICHELLE CHAPMAN AP Business Writers Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown. The cuts announced Wednesday are by far the largest in the 23-year history of a San

By FRANK JORDANS Associated Press BERLIN (AP) — Germany likely missed its target for reducing greenhouse gas emissions last year, despite a massive effort by the new government to expand the use of renewable energy. Data published Wednesday by the Agora Energiewende think tank indicates that Germany released the equivalent of 761 million metric tons

By SEUNG MIN KIM and ZEKE MILLER Associated Press COVINGTON, Kentucky (AP) — President Joe Biden visited a dilapidated bridge connecting Ohio and Kentucky to talk up the virtues of bipartisanship with Senate GOP leader Mitch McConnell on Wednesday while at the same time blasting House Republicans for an “embarrassing” scene of disarray that has

DALLAS (AP) — James “Buster” Corley, a co-founder of the restaurant and entertainment chain Dave & Buster’s, has died. He was 72. Corley died Monday in a Dallas hospital after police were called to his home in the Texas city, according to his family and police. Dave & Buster’s announced Corley’s death in a statement

By SEAN MURPHY Associated Press OKLAHOMA CITY (AP) — Oklahoma has entered into four new settlements with opioid makers and distributors totaling more than $226 million. Outgoing Attorney General John O’Connor announced the agreements Wednesday with Walgreens, CVS, Walmart and opioid manufacturer Allergan. The three pharmacy chains announced in November that they had reached opioid

By SABINA NIKSIC and JAMEY KEATEN Associated Press SARAJEVO, Bosnia (AP) — The new year’s festivities are over in Bosnia, and visitors to the country’s winter resorts are packing to go home. Spring-like temperatures have left little or no snow on the mountains, and it’s unclear when the next visitors will arrive. The small Balkan

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks are broadly higher on Wall Street in afternoon trading Wednesday after another strong signal on the job market. The government reported that the number of job openings in November was higher than expected. While that could maintain pressure on the Federal Reserve to keep