AP National Business

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm. Since 2016, Japan’s key interest rate has been minus 0.1%. The world’s third-largest economy has been battling deflation, or a

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high. Shanghai and Tokyo declined while Hong Kong and Seoul advanced. Wall Street fell

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as executive chairman, two months after he secured a pardon of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government.  Lee’s promotion is partially symbolic as he

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The problems have hardly gone away. Inflation, still near a 40-year high, is punishing households. Rising interest rates have derailed the housing market and threaten to inflict broader damage. And the outlook for the world economy grows bleaker the longer that Russia’s war against Ukraine drags

MANHATTAN BEACH, Calif. (AP) — The rapper formerly known as Kanye West was escorted out of the California-based headquarters of athletic shoemaker Skechers after he showed up unannounced Wednesday, a day after Adidas ended its partnership with the artist following his antisemitic remarks. The Grammy winner, who legally changed his name to Ye, “arrived unannounced

MANHATTAN BEACH, Calif. (AP) — The rapper formerly known as Kanye West was escorted out of the California-based headquarters of athletic shoemaker Skechers after he showed up unannounced Wednesday, a day after Adidas ended its partnership with the artist following his antisemitic remarks. The Grammy winner, who legally changed his name to Ye, “arrived unannounced

MANHATTAN BEACH, Calif. (AP) — Kanye West was escorted out of the California-based headquarters of athletic shoemaker Skechers after he showed up unannounced Wednesday, a day after Adidas ended its partnership with the artist following his antisemitic remarks. West, who legally changed his name to Ye, “arrived unannounced and without invitation” at Skechers corporate headquarters

By GENE JOHNSON Associated Press SEATTLE (AP) — A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for repeatedly and intentionally violating campaign finance disclosure law, in what is believed to be the largest campaign finance penalty in U.S. history. The penalty issued by King County Superior Court Judge Douglass

By BARBARA ORTUTAY AP Technology Writer Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales as it faces competition from TikTok’s wildly popular video app. The quarter’s weak results raised fresh questions about whether Meta’s plans to spend $10 billion a year on the

By TOM KRISHER and MATT O’BRIEN AP Business Writers Elon Musk, the billionaire poised to acquire Twitter later this week, strolled into the company’s headquarters Wednesday carrying a porcelain sink and tweeting “Entering Twitter HQ – let that sink in!” Musk’s $44 billion deal to take Twitter private faces a Friday deadline, although the video

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is disbanding Argo AI, the autonomous vehicle company it co-owns with Volkswagen. The company says in its third-quarter earnings materials that it’s switching investment priorities from fully autonomous vehicles to advanced driver-assist systems. Ford is taking a $2.7 billion accounting charge to reduce the value

By MATTHEW DALY Associated Press WASHINGTON (AP) — Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program. The Biden administration is making the grants available as part

By BARBARA ORTUTAY AP Technology Writer Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising revenue amid competition from the wildly popular video app TikTok. The quarter’s weak results raised fresh questions about whether Meta’s plans to spend $10 billion a year on the metaverse

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Microsoft, Spotify fall; Visa, Wingstop rise.

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A second railroad union has rejected its deal with the major U.S. freight railroads, reflecting workers’ increasing frustration with the lack of paid sick time in the industry. The vote by the Brotherhood of Railroad Signalmen adds to concerns about the possibility of a strike

By TOM KRISHER and MATT O’BRIEN AP Business Writers SAN FRANCISCO (AP) — Elon Musk posted video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company. Musk also changed his Twitter profile to refer to himself as “Chief Twit” and his location

The Associated Press Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 fell 0.7% Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2%. The Dow ended just barely in the green, thanks in part to

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Weak quarterly results from several big technology companies weighed on stocks Wednesday, leaving major indexes mixed on Wall Street. The S&P 500 fell 0.7% after shedding an early gain, while the tech-heavy Nasdaq composite dropped 2%. The lower finish ended a three-day winning streak for