AP National Business

By FRANK JORDANS Associated Press BERLIN (AP) — A German official who won a defamation case against Twitter this week has dedicated his legal victory to Dr. Anthony Fauci, the top U.S. infectious disease expert recently targeted by Elon Musk. A Frankfurt regional court ruled Wednesday that Twitter has to remove false or defamatory tweets

NEW YORK (AP) — Stocks are opening lower across the board on Wall Street as traders grapple with a sharp pullback in retail spending last month and new signals from the Federal Reserve that interest rates will need to go higher than previously expected. The S&P 500 was down 1.4% in the early going Thursday,

By THALIA BEATY and GLENN GAMBOA Associated Press Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website called Yield Giving. Unveiled Wednesday night, the site also announced plans to introduce an “open-call process” that allows nonprofits seeking donations from

By RAF CASERT Associated Press BRUSSELS (AP) — European Union leaders have met to seek ways to stand up to the United States over its new green technologies plan that they say unfairly discriminates against European companies. The leaders meeting in Brussels on Thursday discussed means to counter fears that the EU is a waning

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has slowed its record pace of interest rate increases. But not by much. The bank decided Thursday meeting to hike rates by half a percentage point instead of three-quarters of a point after inflation fell unexpectedly in November. That’s still a

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO AP Economics Writer WASHINGTON (AP) — Americans cut back their retail spending last month as the holiday shopping season began amid high prices and rising interest rates that are forcing some families, particularly those with lower incomes, curtail their consumption. The government said Thursday that retail sales fell 0.6%

Shares of Tesla are sliding before the market open on Thursday after news broke that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock slipped to $153 in premarket trading and is nearing two-year lows. Musk, the new owner of Twitter, sold the shares from Monday

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Americans cut back their retail spending last month as the holiday shopping season began amid high prices and rising interest rates that are forcing some families, particularly those with lower incomes, curtail their consumption. The government said Thursday that retail sales fell 0.6% from November to

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has slowed its record pace of interest rate increases. But not by much. The bank decided Thursday meeting to hike rate by half a percentage point instead of three-quarters of a point after inflation fell unexpectedly in November. That’s still a

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank could slow its record pace of interest rate increases. But not by much. Analysts say the bank might decide at Thursday’s meeting on an increase of half a percentage point instead of three-quarters of a point after inflation fell unexpectedly in

By STAN CHOE AP Business Writer NEW YORK (AP) — The worst may still be to come for the stock market. Wall Street has been on a mini-rebound since mid-October, recovering some of its sharp losses from the first 10 months of the year. Many analysts expect stocks to end 2023 around their current range,

By ELAINE KURTENBACH and MATT OTT AP Business Writers Wall Street was poised to open with losses again on Thursday, one day after a retreat by investors dismayed over the Federal Reserve’s warning that still more interest rate hikes are in store following its latest increase. Futures for the S&P 500 were down 0.9% and

By KELVIN CHAN AP Business Writer LONDON (AP) — Britain’s central bank has raised its key interest rate increase again but toned down the pace as inflation shows signs of easing. Thursday’s announcement mirrors action by the U.S. Federal Reserve and European policymakers. The Bank of England raised the benchmark rate by half a percentage

LONDON (AP) — Thousands of nurses have walked off their jobs in England, joining ambulance and postal workers, bus drivers and airport baggage handlers who have staged strikes or planned them this month. The Royal College of Nursing said emergency hospital care would continue as normal on Wednesday and nurses will still staff chemotherapy and

By ZEN SOO AP Technology Writer HONG KONG (AP) — The company that assembles Apple Inc.’s iPhones has announced it is easing COVID-19 restrictions at its largest factory in China that led thousands of workers to quit and drastically slowed production. Foxconn Technology Group said in a statement on one of its official WeChat social

By DAKE KANG Associated Press BEIJING (AP) — A week after China dramatically eased some of the world’s strictest COVID-19 containment measures, uncertainty remained Thursday over the direction of the pandemic in the world’s most populous nation. While there are no official indications yet of the massive surge of critically ill patients some feared, social

LONDON (AP) — Britain’s central bank is expected to deliver its ninth straight interest rate hike. But it will likely be smaller than last month’s outsized increase as inflation shows signs of easing. Most economists expect the Bank of England to raise its key interest rate by half a percentage point Thursday, taking it to

GENEVA (AP) — The Swiss National Bank has raised its key interest rate. It comes as other central banks in Europe are following the U.S. Federal Reserve’s playbook in a bid to tame inflation. Switzerland’s central bank hiked its policy rate Thursday by half a percentage point, to 1%. The Swiss bank said that while

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank could slow its record pace of interest rate increases. But not by much. Analysts say the bank might decide at Thursday’s meeting on an increase of half a percentage point instead of three-quarters of a point after inflation fell unexpectedly in

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares skidded in Europe and Asia on Thursday after a retreat on Wall Street by investors dismayed over the Federal Reserve’s warning that still more interest rate hikes are in store following its latest increase. Oil prices fell and U.S. futures also dropped. The declines followed