AP National Business

By TOM KRISHER AP Auto Writer DETROIT (AP) — The U.S. Securities and Exchange Commission is denying allegations that it is violating Elon Musk’s free speech rights by trying to enforce a 2018 securities fraud settlement. The commission says in an appeals brief filed Thursday that Musk waived his First Amendment rights by agreeing to

BERLIN (AP) — The German government says it is formally suspending export credit and investment guarantees for business in Iran in the wake of authorities’ crackdown on protests. The Economy Ministry said Friday that it also has suspended other “economic formats” including a dialogue on energy issues, in view of “the very serious situation in

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks wavered in afternoon trading on Wall Street Friday and headed for weekly losses as investors reviewed mixed news on the economy. The S&P 500 shook off an early loss and inched up 0.3% as of 2:17 p.m. Eastern. The Dow Jones Industrial Average was

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday’s report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a

MEXICO CITY (AP) — A grisly pre-Christmas killings of two young men and their uncle at an early 1900s house in Mexico City is putting attention on the dark side of the capital’s booming property market. The violence is fomented by a lack of legal documents and gangs that illegally seize properties. Actor Andrés Tirado,

NEW YORK (AP) — Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5% Friday. The government reported that a key measure of inflation is continuing to slow, though it’s still far higher than anyone wants to see. Also, growth in consumer

By HALELUYA HADERO AP Business Writer Retailers are scoring one win in the governmentwide spending bill. The $1.7 trillion funding package contains legislation that will force online marketplaces like Amazon and Facebook to verify high-volume sellers amid heightened concerns about retail theft. Brick-and-mortar retailers have been voicing concerns about the amount of goods being stolen

By ELAINE KURTENBACH and MATT OTT AP Business Writers BANGKOK (AP) — U.S. markets bounced between gains and losses early Friday after a closely-watched gauge of consumer inflation showed that a long surge in consumer prices seems to be easing. Futures for the Dow and S&P briefly shot up after the report was released, but

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday’s report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a

By ELAINE KURTENBACH and MATT OTT AP Business Writers Wall Street pointed slightly higher in premarket trading Friday as investors await the government’s final inflation-related report of the year. Futures for the S&P 500 rose 0.2% and futures for the Dow Jones Industrials were up 0.3%. On tap Friday is the Commerce Department’s consumer spending

By HEATHER HOLLINGSWORTH and JILL BLEED Associated Press MISSION, Kan. (AP) — Tens of millions of Americans endured bone-chilling temperatures, blizzard conditions, power outages and canceled holiday gatherings Friday from a winter storm that forecasters said was nearly unprecedented in its scope, exposing about 60% of the U.S. population to some sort of winter weather

LONDON (AP) — Air travelers are facing possible delays at U.K. airports as government employees who check passports go on strike. The walkout Friday is the latest in a spate of walkouts over pay amid a cost-of-living crisis. France braced for similar Christmas travel disruption, with a weekend rail strike starting to bite on Friday.

By E. EDUARDO CASTILLO Associated Press KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy sounded another defiant note on his return to his nation’s capital following his wartime visit to the United States. He said Friday that Ukrainian forces are “working toward victory” even as Russia launched new strikes across the country. Zelenskyy posted on

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares rose in Europe on Friday after a retreat in Asia ahead of updates on U.S. consumer spending and durable goods orders. Benchmarks climbed in London and Paris but fell in Hong Kong, Tokyo and Seoul. Oil prices surged more than $1 a barrel. Japan reported

LONDON (AP) — Air travelers are facing possible delays at U.K. airports as government employees who check passports go on strike. The walkout Friday is the latest in a spate of walkouts over pay amid a cost-of-living crisis. The strike by Border Force staff is due to continue through the end of the year, with

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s Cabinet has approved record defense spending next year in preparation for the country deploying U.S.-made Tomahawks and other long-range cruise missiles as part of a more offensive security strategy. The budget Prime Minister Fumio Kishida’s Cabinet approved Friday will surge to a record $55 billion, a

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares declined in Asia on Friday after a retreat on Wall Street driven by fears that strong economic data will lead the Federal Reserve to double down on its interest rate hikes to tame inflation. Shanghai was flat while other major indexes declined. U.S. futures edged