AP National Business

By SYLVIE CORBET Associated Press PARIS (AP) — French President Emmanuel Macron is calling for boosting the development of artificial intelligence in Europe. He wants to put in place “smart” regulations that don’t impede tech companies’ growth. Macron visited Europe’s biggest startup and tech event Vivatech. He said “we’re too far behind in terms of

By DEE-ANN DURBIN AP Business Writer After more than two decades as America’s best-selling beer, Bud Light has slipped into second place. Mexican lager Modelo Especial overtook Bud Light in U.S. retail dollar sales in the month ending June 3, according to Bump Williams Consulting. Modelo controlled 8.4% of U.S. grocery, convenience and liquor store

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Gambling giant MGM Resorts International says it did nothing wrong in its dealings with a New York City man who accuses it of preying on his gambling addiction with repeated cash bonuses intended to keep him gambling. In court papers, MGM says Sam Antar, a

By HANNAH FINGERHUT Associated Press DES MOINES, Iowa (AP) — Two firms have been tasked with investigating the partial collapse of a six-story apartment building in Davenport, Iowa, that left three dead, many injured and dozens displaced. Davenport officials say Wednesday they’ve hired White Birch Group, LLC, and SOCOTEC Engineering to complete a cause and

By WYATTE GRANTHAM-PHILIPS AP Business Writer WASHINGTON (AP) — Federal prosecutors want Elizabeth Holmes to pay $250 each month to victims of her failed blood testing startup after she leaves prison, but her attorneys are pushing back citing “limited financial resources” available to the disgraced founder of Theranos. The U.S. filed a motion last week

CAMDEN, N.J. (AP) — Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive

CHARLOTTE, N.C. (AP) — Regulated sports betting and horse racing should begin across North Carolina in the first half of next year after Gov. Roy Cooper signed legislation that greatly expands gambling within the state’s borders into law. The Democratic governor held a bill-signing ceremony Wednesday at Spectrum Center, home to the NBA’s Charlotte Hornets.

CHARLOTTE, N.C. (AP) — Regulated sports betting and horse racing should begin across North Carolina in the first half of next year after Gov. Roy Cooper signed legislation that greatly expands gambling within the state’s borders into law. The Democratic governor held a bill-signing ceremony Wednesday at Spectrum Center, home to the NBA’s Charlotte Hornets.

By DAVID KOENIG AP Airlines Writer U.S. officials said Wednesday they will require new airline planes to have a second barrier to make it harder for passengers to break into the cockpit when the main door is open. The Federal Aviation Administration rule will apply to commercial planes made after mid-2025. The rule will affect

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Gambling giant MGM Resorts International says it did nothing wrong in its dealings with a New York City man who accuses it of preying on his gambling addiction with repeated cash bonuses intended to keep him gambling. In court papers, MGM says Sam Antar, a

By FRANK JORDANS Associated Press BERLIN (AP) — German officials say that an array of climate measures being introduced by the government will bring the country closer but not all the way toward meeting its national goals for cutting greenhouse gas emissions by 2030. Germany’s Climate Ministry said Wednesday that measures already in place or

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are drifting higher Wednesday, as Wall Street waits to hear what the Federal Reserve’s latest economy-moving decision will be on interest rates. The S&P 500 was 0.3% higher in afternoon trading after riding a winning streak to its best level since April 2022. The

By SCOTT McFETRIDGE Associated Press A coalition of activist groups and researchers has released a report it hopes will increase pressure on agribusiness giant Cargill to do more to fight deforestation and human rights abuse. The document released Wednesday accuses the family-owned company of not following through on commitments to help end such practices. It

SAN FRANCISCO (AP) — Advanced Micro Devices has revealed a new artificial intelligence chip in its race to compete with rival chipmaker Nvidia in supplying the foundation for a boom in AI-fueled business tools. The semiconductor company, based in Santa Clara, California, described its new MI300X chip as “the world’s most advanced accelerator for generative

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are drifting Wednesday, as Wall Street waits to hear what the Federal Reserve’s latest economy-moving decision will be on interest rates. The S&P 500 was 0.2% higher in morning trading after riding a winning streak to its best level since April 2022. The Dow

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation. Yet top Fed officials

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated interest rate hikes by the Federal Reserve. The Labor Department’s producer price index — which measures inflation before it reaches consumers

By CORA LEWIS Associated Press NEW YORK (AP) — The Federal Reserve’s likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be nearing the end of its rate-hiking campaign to cool inflation. That’s not to say the Fed is done raising rates.

By JILL LAWLESS Associated Press LONDON (AP) — A late-life masterpiece by Austrian artist Gustav Klimt could become the most expensive painting ever sold in Europe when it is auctioned later this month. Auctioneer Sotheby’s said on Wednesday that “Dame mit Fächer” (Lady with a Fan) will go up for sale on June 27 in