AP National Business

By FATIMA HUSSEIN Associated Press HERNDON, Va. (AP) — Treasury Secretary Janet Yellen is promoting Biden administration policies as the key to advancing the nation’s “long-term economic well-being” in the lead-up to the midterm elections. The former Federal Reserve chair visited a Virginia research and development business park with Democratic Sen. Tim Kaine on Friday

By BARBARA ORTUTAY AP Technology Writer TikTok’s algorithms are very good at finding videos to keep people glued to their phone screens for hours on end. What they are not so good at, a new report has found, is detecting ads that contain blatant misinformation about U.S. elections. That’s despite TikTok having banned all political

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were mostly lower Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. France’s CAC dipped 1.6% in early trading to 5,988.78. Germany’s DAX lost 1.4% to 12,584.52. Britain’s FTSE 100 shed

By DAVID KLEPPER Associated Press Social media platforms like Facebook, TikTok and Twitter say they’re taking steps to prevent the spread of misinformation about voting and elections ahead of next month’s midterms. Yet a look at some of the most popular platforms shows baseless claims about election fraud continue to flourish. Misleading claims about the

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese medical equipment maker Olympus has tapped Stefan Kaufmann, a German who has worked for two decades at the manufacturer, to be its chief executive. The appointment of Kaufmann takes effect April next year, pending the board’s approval in March, according to Tokyo-based Olympus Corp. Founded

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Thailand’s telecoms regulator has agreed to allow a merger between the country’s two main phone carriers in a decision that raises worries over whether reduced competition will harm consumer interests. The $7.3 billion deal will merge True Corp. and smaller DTAC, a subsidiary of Norway’s Telenor

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly lower Friday in muted trading, as investors kept an eye on inflation. Benchmarks fell in Tokyo, Seoul, Sydney and Hong Kong but rose in Shanghai and Mumbai. Japan’s core consumer prices rose 3.0% in September from a year earlier, according to government

By CHRIS MEGERIAN Associated Press PHILADELPHIA (AP) — President Joe Biden says the “rest of the world is looking” to see who holds control of Congress after the upcoming midterm elections. He is warning that Republican victories would jeopardize the nation’s standing abroad as tries to deliver a boost to Pennsylvania Democrat John Fetterman’s campaign

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon is shutting down a subsidiary that’s been selling fabrics for nearly 30 years. The closure of fabric.com is the online retailer’s latest cost-cutting move. Thursday is the last day customers can place an order on the site. It’s unclear how many employees will be

By JUAN A. LOZANO Associated Press HOUSTON (AP) — Attorneys for the families of two people who died during last year’s Astroworld music festival say they have settled wrongful death lawsuits. Ten people died and hundreds of others were injured during a massive crowd surge at the Nov. 5 concert in Houston, headlined by rapper

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon is shutting down a subsidiary that’s been selling fabrics for nearly 30 years. The closure of fabric.com is the online retailer’s latest cost-cutting move. Thursday is the last day customers can place an order on the site. It’s unclear how many employees will be

The Associated Press Stocks gave up an early gain and closed lower on Wall Street as markets continue an unsteady search for direction. Several companies made big moves, both higher and lower, as more of them reported their latest quarterly results. The S&P 500 fell 0.8% Thursday. The benchmark index was still holding on to

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after a strong two-day rally earlier this week. The S&P 500 fell 0.8%. Nearly three-fourths of the stocks in the benchmark index closed in the red,