AP National Business

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — A heavily criticized private company that operates the transmission and distribution of power in Puerto Rico has secured a last-minute extension on its contract despite widespread objections. Luma Energy obtained the extension Wednesday following a 4-1 vote by the Puerto Rico Electric Power Authority’s

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation. The e-commerce company does not typically share how much it earns during its sales events and did not disclose

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less desperate for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million

BERLIN (AP) — German energy company Uniper is suing Gazprom for damages over natural gas that hasn’t been delivered since June when the Russian supplier started reducing amounts to Germany. Gas importer Uniper said Wednesday that it has initiated proceedings against Gazprom Export at an international arbitration tribunal in Stockholm. It said the cost to

By MICHELLE CHAPMAN AP Business Writer DoorDash is eliminating more than 1,200 corporate jobs, saying it hired too many people when delivery demand surged during the COVID-19 pandemic. CEO Tony Xu said in a message to employees Wednesday that DoorDash was undersized before the pandemic and sped up hiring to catch up with its growth.

BERLIN (AP) — The German government says it is considering taking a stake in Dutch grid operator TenneT, which has a large footprint in Germany. Germany already has a minority stake in rival grid operator 50 Hertz and Economy Minister Robert Habeck said Wednesday there were talks with TenneT too. Habeck declined to provide details

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks wavered in afternoon trading on Wall Street Wednesday ahead of a speech by Jerome Powell, the chair of the Federal Reserve, on the outlook for the economy and inflation. The S&P 500 fell 0.2% as of 1:23 p.m. Eastern, on pace for its fourth

By JEAN-FRANCOIS BADIAS Associated Press SAINT-AVOLD, France (AP) — France has restarted a shuttered coal plant as part of emergency efforts to keep heat and electricity on this winter. Russia’s war in Ukraine has triggered an energy crisis in Europe that has paved the way for coal’s comeback in a few countries. On top of

By JIM RENDON of The Chronicle of Philanthropy Chronicle of Philanthropy The Dallas Area Habitat for Humanity is using part of the $9 million gift it received from philanthropist MacKenzie Scott in March to provide its staff members a new employee benefit — $13,500 in the form of a forgivable loan to help with a

By YURI KAGEYAMA and MATT OTT AP Business Writers U.S. markets are flat ahead of a highly anticipated speech by the chair of the Federal Reserve that may give clues about future interest rate hikes. On the last trading day of the month, futures for the Dow Jones industrials and the S&P 500 appeared static.

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product — the economy’s total output

Germany’s energy minister says the government has formally decided to abandon an international energy accord that fossil fuel companies had used to oppose measures against climate change. The move follows similar decisions by Italy, France, Spain and other European countries to leave the 1998 Energy Charter Treaty, which includes provisions designed to protect foreign investments

By YURI KAGEYAMA and MATT OTT AP Business Writers U.S. markets are flat ahead of a highly anticipated speech by the chair of the Federal Reserve that may give clues about future interest rate hikes. On the last trading day of the month, futures for the Dow Jones industrials and the S&P 500 appeared static.

PRAGUE (AP) — Three energy companies including U.S. Westinghouse, France’s EdF and Korea’s KHNP are vying to build the Czech Republic’s newest reactor at the Dukovany nuclear power station as the country strives to become more energy independent and wean itself off fossil fuels. State-controlled power company CEZ says final bids for the contract to

By CRAIG JOSEPH of NerdWallet Even if your credit card already earns solid ongoing rewards, there are several ways to rev up those earnings, especially amid the heavy shopping that tends to happen during the holiday season. First, look for lucrative sign-up bonuses when you open a credit card and meet a spending threshold. Beyond

By ALEX NISHIMOTO Edmunds A plug-in hybrid electric vehicle or PHEV is a great starting point for those looking to dip their toes into the electric vehicle waters before diving in. The Toyota RAV4 Prime SUV has been one of the most popular options in the plug-in SUV market in recent years. But it now

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs. But the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a

By KANIS LEUNG Associated Press HONG KONG (AP) — Hong Kong publisher Jimmy Lai broke into the media industry about 30 years ago armed with the belief that delivering information equates with delivering freedom. Lai now is accused of endangering national security with his now-defunct pro-democracy newspaper Apple Daily. Lai, 74, faces up to a