AP National Business

MADISON, Wis. (AP) — A Wisconsin man is charged in a plot to hack and steal from thousands of sports betting accounts. Court documents allege that 18-year-old Joseph Garrison and others stole roughly $600,000 from 1,600 accounts on an unnamed sports betting website. The U.S. Attorneys office says Garrison turned himself in to authorities in

MEXICO CITY (AP) — The Mexican government has sent in marines to take over part of a private railway line in southern Mexico. It is not clear whether the seizure of the rail line on the Isthmus of Tehuantepec on Friday constitutes an expropriation. The government says it will compensate the owners for what it

By KEVIN FREKING, LISA MASCARO and ZEKE MILLER Associated Press WASHINGTON (AP) — Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations, and a White House official acknowledged there are “real differences” making further discussions difficult. McCarthy said resolution to the standoff is

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is drifting lower Friday, but it’s still heading for its best week since March. The S&P 500 was 0.1% lower in late trading. The Dow Jones Industrial Average was 104 points, or 0.3%, at 33,432 with about 15 minutes left in trading, while

WASHINGTON (AP) — Hyundai Motor America and Kia America said Friday they have reached a settlement to resolve a class-action lawsuit prompted by a surge in vehicle thefts. The settlement could be valued at $200 million and covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S., the companies said. The

By DAVID KOENIG AP Airlines Writer FORT WORTH, Texas (AP) — American Airlines says it has a tentative contract agreement with pilots. American said Friday that it has negotiated a four-year deal with the Allied Pilots Association that includes industry-leading pay and profit-sharing. Rank-and-file pilots would have to ratify the deal before it takes effect.

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. and other Group of Seven nations are rolling out a new wave of global sanctions on Russia over its invasion of Ukraine. The latest sanctions target hundreds of people and firms — including those helping Moscow evade existing sanctions. They also target new sectors of

Associated Press Hyundai Motor America and Kia America will resolve class-action lawsuit prompted by a surge in vehicle thefts with a settlement agreement that could be valued at $200 million. The settlement covers about 9 million 2011-2022 model year Hyundai and Kia vehicles in the U.S. today, according to the companies. The cars are not

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street turned lower after talks on raising the nation’s debt limit came to a sudden halt, raising worries that the country could edge closer to risking a highly damaging default on U.S. government debt. The S&P 500 went from a gain of 0.3% to

By DARLENE SUPERVILLE and FATIMA HUSSEIN Associated Press WASHINGTON (AP) — A new poll finds that most U.S. adults say they are highly concerned about how the nation’s economy would be affected if the debt limit isn’t increased and the government can’t pay its debts. That’s according to a survey from The Associated Press-NORC Center

By KEVIN FREKING, LISA MASCARO and ZEKE MILLER Associated Press WASHINGTON (AP) — Debt ceiling talks came to an abrupt standstill Friday after a top ally to Republican House Speaker Kevin McCarthy said it’s time to “press pause” on negotiations, and a White House official acknowledged there are “real differences” that are making talks difficult.

By KEN SWEET AP Business Writer NEW YORK (AP) — Morgan Stanley’s long-time CEO James Gorman will retire in the next 12 months, he said Friday at the bank’s annual shareholder meeting. Gorman said the bank is looking at “three senior internal candidates” to be the investment bank’s new CEO. Once the transition does happen,

SAN FRANCISCO (AP) — San Francisco officials are investigating Twitter after six former employees allege that owner Elon Musk’s leadership team broke laws in turning the company’s headquarters into a “Twitter Hotel” for workers being pushed to stay up late to transform the social media platform. The San Francisco Chronicle reports that city officials are

By JAKE COYLE AP Film Writer CANNES, France (AP) — Sean Penn has strongly backed the current Hollywood screenwriters strike while speaking at the Cannes Film Festival on Friday, saying the dispute over artificial intelligence is “a human obscenity.” Penn addressed the ongoing Writers Guild of America strike in a press conference for his new

By The Associated Press This week’s new streaming options include rapper Jack Harlow’s acting debut, the return of Kesha and new projects for an heart-warming HGTV show. Here’s a collection curated by The Associated Press’ entertainment journalists of what’s arriving on TV, streaming services and music and video game platforms this week. NEW MOVIES TO

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is ticking higher Friday as it heads toward its best week since March, despite a long list of worries hanging over it. The S&P 500 was 0.3% higher in early trading and on pace for a 2.1% gain for the week. That would

NEW YORK (AP) — Wall Street is ticking higher as it heads towards its best week since March, despite a long list of worries hanging over it. The S&P 500 was 0.2% higher in early trading Friday and on pace for a 2% gain for the week. That would break a long, listless stretch where