AP National Business

By MARY CLARE JALONICK, LISA MASCARO and KEVIN FREKING Associated Press WASHINGTON (AP) — House Republicans still don’t have a deal with President Joe Biden to raise the nation’s debt ceiling a little more than a week away from a potentially catastrophic default. House Speaker Kevin McCarthy says negotiators are working to “finish the job”

By LISA MASCARO, SEUNG MIN KIM and KEVIN FREKING Associated Press WASHINGTON (AP) — House Speaker Kevin McCarthy and debt ceiling negotiators have hit “crunch” time as they strain to make a deal with the White House to raise the nation’s debt limit, avert default and cut federal spending. McCarthy said Friday there is still

By DUSAN STOJANOVIC Associated Press BELGRADE, Serbia (AP) — Tens of thousands of people attended a rally in the Serbian capital in support of President Aleksandar Vucic. He is facing an unprecedented revolt against his autocratic rule amid the crisis triggered by two mass shootings that stunned the nation. Vucic’s supporters are being bused to

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — A passenger opened an emergency exit door during a plane flight in South Korea on Friday, causing air to blast inside the cabin and slightly injure 12 people, officials said. The plane landed safely. Some people aboard the Asiana Airlines Airbus A321 aircraft tried to

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3% and is on track to close the week with a small gain. The

By KELVIN CHAN AP Business Writer LONDON (AP) — OpenAI CEO Sam Altman is downplaying worries that the ChatGPT maker could exit the European Union if it can’t comply with the bloc’s strict new artificial intelligence rules. It comes after a top official rebuked him for comments raising such a possiblilty. Altman is traveling through

By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — Russia’s southern Belgorod region bordering Ukraine came under attack Friday from Ukrainian artillery fire, mortar shells and drones, authorities said, hours after two drones struck a Russian city in an area next to the annexed Crimea Peninsula. Moscow’s forces, meanwhile, struck a building containing psychology and

By LISA MASCARO, SEUNG MIN KIM, KEVIN FREKING and STEPHEN GROVES Associated Press WASHINGTON (AP) — House Speaker Kevin McCarthy says negotiators have “made progress” on a deal with the White House to raise the nation’s debt limit, avert default and cut federal spending. McCarthy said Friday there is still more work to do. Negotiators

By BRIAN MELLEY Associated Press LONDON (AP) — A London court on Friday rejected an attempt by the publisher of The Sun tabloid to throw out a lawsuit by actor Hugh Grant alleging that journalists and investigators it hired illegally snooped on him. Justice Timothy Fancourt said a trial will have to determine whether Rupert

By KEN SWEET AP Business Writer NEW YORK (AP) — About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase. The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan,

PARIS (AP) — French police have thrown a security cordon around a shareholders meeting in Paris of oil major TotalEnergies. Officers on Friday sprayed tear gas and pushed back climate protesters who chanted, “Be gentle, police officers, we’re doing this for your kids!” Police escorted some shareholders into the meeting Friday in a famed Paris

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A Tokyo company whose lunar lander slammed into the moon says a software issue and a last-minute switch in the touchdown location led to the crash. Officials for the company ispace said Friday that its spacecraft was originally supposed to land in a flat

By MIKE SCHNEIDER Associated Press ORLANDO, Fla. (AP) — Disney is opposing a request by Gov. Ron DeSantis to disqualify a judge overseeing the company’s First Amendment lawsuit against the Florida governor and others in which Disney says it was punished for speaking out against Florida legislation that critics have dubbed “Don’t Say Gay.” Disney

By JOSHUA GOODMAN and JIM MUSTIAN Associated Press The U.S. Drug Enforcement Administration stripped one of the nation’s largest drug distributors of its license to sell highly addictive painkillers Friday after determining it failed to flag thousands of suspicious orders at the height of the opioid crisis. The action against Morris & Dickson Co. that

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose in morning trading on Wall Street Friday, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 0.7%. The Dow Jones Industrial Average rose 240 points, or 0.7%, at 33,003 as

By PAN PYLAS Associated Press LONDON (AP) — Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation. Following higher-than-anticipated inflation figures this week, Jeremy Hunt says it’s necessary to prioritize measures to slow the pace of

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. That was much higher than

ATHENS, Greece — Diana Shipping: Q1 Earnings Snapshot

By KELVIN CHAN and DANICA KIRKA Associated Press LONDON (AP) — British Airways canceled dozens of flights Friday, blaming computer problems for disrupting plans for thousands of passengers at the start of a busy holiday weekend — a rocky kickoff to the summer travel season in Europe. The technical glitches and strikes by airport staff

PARIS (AP) — French police have thrown a security cordon around a shareholders meeting in Paris of oil major TotalEnergies. Officers on Friday sprayed tear gas and pushed back climate protesters who chanted, “Be gentle, police officers, we’re doing this for your kids!” Police escorted some shareholders into the meeting Friday in a famed Paris