AP National Business

By CHRIS MEGERIAN Associated Press WASHINGTON (AP) — A key member of President Joe Biden’s economic team is leaving his administration. A White House official says labor economist Cecilia Rouse will leave in the spring. Rouse was the first Black woman to serve as chair of the Council of Economic Advisers. Rouse has been on

By LAURAN NEERGAARD AP Medical Writer Pfizer said Friday that its updated COVID-19 booster may offer some protection against newly emerging omicron mutants even though it’s not an exact match. Americans have been reluctant to get the updated boosters rolled out by Pfizer and rival Moderna, doses tweaked to target the BA.5 omicron strain that

WARSAW, Poland (AP) — Experts from Ukraine have joined Polish and American investigators who are looking into a missile blast that killed two men in eastern Poland this week. Ukrainian Foreign Minister Dmytro Kuleba said Friday that the Ukrainian experts were at the grain-drying facility in the Polish village of Przewodow where the missile landed

By The Associated Press Ford is recalling more than 550,00 F-150 vehicles in the U.S. and Canada because the front windshield wiper motor may stop functioning, causing the wipers to stop working. The automobile maker said that the inoperative windshield wipers on the 2021-2022 models can reduce visibility in certain conditions, which could increase the

By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month

ORTIGIA, Sicily (AP) — Thousands of workers at a Russian-owned oil refinery in Sicily have protested the facility’s possible closure as Europe imposes a full embargo on Russian oil starting next month. Workers at the ISAB Srl plant are demanding action from Italy’s new economic development minister. He was meeting in Rome on Friday with

By MICHAEL LIEDTKE AP Technology Writer A federal judge was to decide Friday whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling bogus blood-testing technology. Holmes’ sentencing in the same San Jose, California, courtroom where she was convicted on four counts of investor fraud

By JOE McDONALD and MATT OTT AP Business Writers Wall Street headed higher before the opening bell Friday as earnings season winds down in a week weighed down yet again by anxiety over the Federal Reserve’s next potential interest rate increase Futures for the S&P rose 0.7% and the Dow inched 0.5% higher. Both indices

By KRUTIKA PATHI and TASSANEE VEJPONGSA Associated Press BANGKOK (AP) — Asia-Pacific leaders meeting in Bangkok appear likely to issue a statement condemning Russia’s war on Ukraine. Their foreign ministers agreed on a statement Friday deploring “in the strongest terms” the invasion by Moscow. But the foreign ministers of the 21-member Asia-Pacific Economic Cooperation forum

DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth. In a speech at a banking forum in Frankfurt, Germany, Christine Lagarde said Friday that the ECB expects

DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth. In a speech at a banking forum in Frankfurt, Germany, Christine Lagarde said Friday that the ECB expects

By JARI TANNER Associated Press HELSINKI (AP) — Investigators found traces of explosives at the Baltic Sea site where two natural gas pipelines were damaged in an act of “gross sabotage,” the prosecutor leading Sweden’s preliminary investigation said Friday. Mats Ljungqvist of the Swedish Prosecution Authority said the investigators carefully documented the area where the

By KRUTIKA PATHI and ELAINE KURTENBACH Associated Press BANGKOK (AP) — Asia-Pacific leaders meeting in Bangkok have denounced a North Korean missile test Friday in an emergency gathering convened by U.S. Vice President Kamala Harris. Harris and five other leaders met on the sidelines of the summit to discuss and condemn the test, part of

By KRUTIKA PATHI Associated Press BANGKOK (AP) — U.S. Vice President Kamala Harris is assuring Asian leaders “the United States is here to stay” as she pitches Washington as a reliable economic partner committed to the region and its prosperity. Harris told leaders at the Asia Pacific Economic Cooperation summit on Friday that the U.S.

By GEIR MOULSON Associated Press BERLIN (AP) — Germany’s biggest industrial union has agreed with employers on a pay deal that will see millions of workers get raises totaling 8.5% over two years as well as one-time payments meant to cushion the effect of sky-high inflation. The IG Metall union and employers reached a compromise