AP National Business

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation. At the same time, the Fed is expected to signal that it

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks rose Wednesday in Asia after a rally on Wall Street spurred by news that inflation in the U.S. cooled more than expected last month. The 7.1% consumer price index reading for November raised hopes Tuesday for easing pressure on the economy ahead of an interest

By ANTHONY IZAGUIRRE Associated Press TALLAHASSEE, Fla. (AP) — The Florida Senate has approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms. The Republican proposal passed Tuesday comes during the GOP-led Legislature’s second special session this year aimed at stabilizing the property

By MATT O’BRIEN, BARBARA ORTUTAY and DAVID KLEPPER The Associated Press What you’re seeing in your feed on Twitter is changing. But how? The social media platform’s new owner, Elon Musk, has been trying to prove through giving selected journalists access to some of the company’s internal communications dubbed “The Twitter Files” that officials from

By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — Three newspaper reporters in West Virginia say they have been fired after publicly criticizing their company’s video interview with a convicted former coal executive. Charleston Gazette-Mail reporters Caity Coyne, Lacie Pierson and Ryan Quinn confirmed their dismissals. The video feature is posted regularly on the Gazette-Mail’s

By KEN SWEET and FATIMA HUSSEIN AP Business Writer NEW YORK (AP) — The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the

The Associated Press Stocks closed higher on Wall Street after the government reported that inflation cooled more than expected last month, cementing expectations that the Federal Reserve is about to dial down the size of its interest rate hikes. The Fed is widely expected to raise its benchmark rate a half-point Wednesday, smaller than the

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Photronics, Moderna rise; Joann, Trimble fall.

By TOM KRISHER AP Auto Writer DETROIT (AP) — A large study by U.S. highway safety regulators found that more than half the people injured or killed in traffic crashes had one or more drugs, or alcohol, in their bloodstreams. Also, just over 54% of injured drivers had drugs or alcohol in their systems, with

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks on Wall Street finished higher Tuesday after a report showed inflation cooled more than expected last month, cementing expectations that the Federal Reserve is about to dial down the size of its interest rate hikes. The encouraging inflation

MILWAUKEE (AP) — Foxconn Technology Group qualified for tax breaks from the state of Wisconsin for a second year in a row in 2022 under revised contract terms that lowered benchmarks the technology company needed to meet. The Milwaukee Journal Sentinel reported Tuesday that the Taiwan-based company qualified for $8.6 million in tax credits based

By RAF CASERT Associated Press BRUSSELS (AP) — European Union energy ministers have failed yet again to overcome their deep differences on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days. The ministers emerged from their fifth emergency meeting emptyhanded

BOURNEMOUTH, England (AP) — American actor Michael B. Jordan is part of the new ownership group of Premier League club Bournemouth. The club announced Tuesday that billionaire Bill Foley’s takeover has been ratified by the league and that the “Creed” actor has a minority stake. Previous owner Maxim Demin sold his 100% stake to Black

By GLENN GAMBOA AP Business Writer WASHINGTON (AP) — The new CEO of FTX says the founder of the failed cryptocurrency exchange helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange. John Ray III called FTX’s collapse one of the worst business

LONDON (AP) — The European Union has moved closer to a clinching a deal over transatlantic data transfers aimed at resolving concerns about U.S. spying with a draft decision that confirms “comparable safeguards” to those in the EU, which has stringent privacy rules. The EU’s executive Commission released its draft decision approving the pact. It

By MATTHEW DALY, MICHAEL PHILLIS, JENNIFER McDERMOTT and MADDIE BURAKOFF Associated Press WASHINGTON (AP) — Scientists announced Tuesday that they have for the first time produced more energy in a fusion reaction than was used to ignite it — a major breakthrough in the decades-long quest to harness the process that powers the sun. Researchers

By KEN SWEET and FATIMA HUSSEIN AP Business Writer NEW YORK (AP) — The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the