AP National Business

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down sharply

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Wall Street is rising Tuesday after a report showed inflation cooled more than expected last month, offering hope that pressure may ease on an already squeezed economy. The S&P 500 was 1% higher in afternoon trading. The Dow Jones Industrial Average

By MATTHEW DALY, MICHAEL PHILLIS, JENNIFER McDERMOTT and MADDIE BURAKOFF Associated Press WASHINGTON (AP) — Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more

BERLIN (AP) — Railway workers in Austria are set to get a significant wage increase under a deal to resolve a pay standoff that resulted in a one-day strike last month. Labor union vida and employers reached the agreement on Tuesday after several rounds of talks on pay for some 50,000 employees of about 65

By KEN SWEET AP Business Writer NEW YORK (AP) — U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the rapid collapse of FTX and hid its problems from the public

By MICHAEL PHILLIS, JENNIFER McDERMOTT, MADDIE BURAKOFF and MATTHEW DALY Associated Press WASHINGTON (AP) — Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street roared in relief Tuesday after a report showed inflation cooled more than expected last month, raising the chances that the economy can avoid a recession. The S&P 500 was 2.6% higher in early trading, adding to its strong last-hour rally from a day

BERLIN (AP) — A key figure in a massive German tax evasion case has been convicted of three counts of tax evasion and sentenced to eight years in prison. The state court in Bonn convicted German lawyer Hanno Berger on Tuesday in connection with alleged crimes between 2007 and 2011. The 72-year-old, a former German

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Aviation startup Boom Aerospace has lined up contractors to help design an engine for its supersonic plane. The company said Tuesday that Florida Turbine Technologies will design the engines, and a division of General Electric will also provide expertise. Boom says it plans to carry passengers

BEIJING (AP) — Some Chinese universities say they will allow students to finish the semester from home in hopes of reducing the potential for a bigger COVID-19 outbreak during the January Lunar New Year travel rush. It isn’t clear how many schools were taking part. But universities in Shanghai and nearby cities said students would

DETROIT (AP) — Stellantis is recalling about 1.4 million pickup trucks worldwide because the tailgates may not close completely and cargo could spill onto the road. The recall covers Ram 1500, 2500 and 3500 pickups from the 2019 to 2022 model years. The company, formerly Fiat Chrysler, says it found that striker plates on the

By TOM MURPHY AP Health Writer Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing another potential preventive shot for a deadly form of skin cancer. The company said a melanoma vaccine it is developing with pharmaceutical giant Merck fared well in a small study of patients who have had the

By KEN SWEET AP Business Writer NEW YORK (AP) — Sam Bankman-Fried, the former CEO of cryptocurrency platform FTX, orchestrated a years-long fraud by diverting investors’ funds to his private hedge fund and using them to make venture investments, lavish real estate purchases and large political donations, the U.S. Securities and Exchange Commission alleged Tuesday

By FRANCIS KOKUTSE and SAM MEDNICK Associated Press ACCRA, Ghana (AP) — The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation’s debt under control and restore financial stability. The announcement follows IMF officials’ two-week visit to Ghana’s capital Accra, where they discussed support for the

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Aviation startup Boom Aerospace finally has a supplier lined up to make engines for its supersonic plane. The company said Tuesday that Florida it will use a Florida company to help design its engines and a division of General Electric to produce them. The company says

By CHEYANNE MUMPHREY AP Education Writer PHOENIX (AP) — Mecca Patterson-Guridy wants to learn, but for some subjects, she isn’t always comfortable asking her teachers. So she has been turning to TikTok. Online, the 17-year-old high school junior in Philadelphia has found videos on social media platforms about protests over police shootings, civic engagement and

By ELIZABETH AYOOLA of NerdWallet This year has been full of economic uncertainty for many. High inflation has affected the cost of living, making housing, food and gas more expensive. Now that we’re near the end of the year, people may be setting financial goals for 2023. Consider looking at the current state of the

DETROIT (AP) — Stellantis is recalling about 1.25 million pickup trucks because the tailgates may not close completely and cargo could spill onto the road. The recall covers Ram 1500, 2500 and 3500 pickups from the 2019 to 2022 model years. The company, formerly Fiat Chrysler, says it found that striker plates on the pickups