AP National Business

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood

By ALEX VEIGA AP Business Writer Stocks are lower on Wall Street in morning trading Thursday, extending their losing streak to a fifth day as investors remain wary of how the economy will hold up as the Federal Reserve ratchets up interest rates to fight inflation. The S&P 500 was down 1% as of 10:11

By The Associated Press Permanently misspelled tweets might soon be a thing of the past. Twitter said Thursday it will roll out an editing feature to subscribers of its premium Twitter Blue service later this month. In an update on its plans to introduce an edit button, the social media company said it has been

By KAY DERVISHI of The Chronicle of Philanthropy Chronicle of Philanthropy Two biopharmaceutical companies will give $5 million and $500,000, respectively, to nonprofit organizations in the United States and abroad that are responding to the growing monkeypox outbreak. The pledges come as the early philanthropic response to the disease, which disproportionately affects LGBTQ people, has

DETROIT (AP) — Ford is recalling nearly 200,000 large SUVs because the heating and cooling fan motors can fail and catch fire. The recall covers Ford Expeditions and Lincoln Navigators from the 2015 through 2017 model years. The Dearborn, Michigan, company says in government documents that it has reports of 25 fires caused by the

DETROIT (AP) — An autonomous vehicle run by Cruise LLC got into a wreck while making a left turn, causing the company to update software and recall 80 vehicles. The San Francisco-based unit of General Motors says the crash happened June 3. The company says it filed recall paperwork at the request of federal safety

NEW YORK (AP) — Wall Street was poised to open trading with more losses Thursday as investors braced for higher interest rates and inflation worries for the foreseeable future. Futures for the Dow Jones Industrial Average slipped 0.3% as did futures for the S&P 500. Major U.S. indices have suffered four straight days of declines

By STAN CHOE AP Business Writer NEW YORK (AP) — Welcome to the worst month of the year for Wall Street. The average September has been 10 times worse than the second-worst month of the year for the U.S. stock market, going back to 1950. Not only that, September has been the only month of

By KELVIN CHAN AP Business Writer LONDON (AP) — Microsoft’s plan to buy video game company Activision Blizzard faced a potential setback Thursday after British antitrust regulators demanded concessions from both companies to ease competition concerns about the blockbuster deal. The Competition and Markets Authority said it was worried the $69 billion deal would hurt

MOSCOW (AP) — The board chairman of Russia’s largest private oil company Lukoil has died. Russian news agencies on Thursday cited sources saying that Ravil Maganov had fallen from a hospital window in what may have been a suicide. A Lukoil statement said Maganov “passed away after a severe illness” but did not give further

By ASHRAF KHALIL Associated Press WASHINGTON (AP) — Amid months of mass flight cancellations and delays, the Department of Transportation has launched a customer service dashboard to help vacationers ahead of the travel-heavy Labor Day weekend. Starting Thursday, travelers will be able to check the dashboard and see what kinds of guarantees, refunds or compensation

By JOE McDONALD AP Business Writer BEIJING (AP) — The Chinese government on Thursday called on Washington to repeal its technology export curbs after California-based chip designer Nvidia said a new product might be delayed and some work might be moved out of China. The latest controls add to mounting U.S.-Chinese tension over technology and

By EILEEN NG Associated Press KUALA LUMPUR, Malaysia (AP) — Malaysian former first lady Rosmah Mansor has been ordered to serve 10 years in prison after being found guilty of soliciting and receiving bribes during her husband’s corruption-tainted administration, a week after he was imprisoned over the massive looting of the 1MDB state fund. Rosmah

By ASHRAF KHALIL Associated Press WASHINGTON (AP) — The Department of Transportation has launched a customer service dashboard to help vacationers ahead of the travel-heavy Labor Day weekend. Starting Thursday, travelers will be able to check the dashboard and see what kinds of guarantees, refunds or compensation the major domestic airlines offer in case of

BERLIN (AP) — German carrier Lufthansa says it is canceling almost all passenger and cargo flights Friday from its two biggest hubs, Frankfurt and Munich, due to a planned strike by pilots. A union representing Lufthansa pilots said early Thursday that they will stage a walk-out after demands for a pay increase were rejected by

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were lower Thursday, tracking a broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. France’s CAC 40 declined 1.6% to 6,025.93 in early trading, while Germany’s DAX slipped 1.6% to 12,633.32. Britain’s FTSE 100 was

BERLIN (AP) — German carrier Lufthansa says it is canceling almost all passenger and cargo flights Friday from its two biggest hubs, Frankfurt and Munich, due to a planned strike by pilots. A union representing Lufthansa pilots said early Thursday that they will stage a walk-out after demands for a pay increase were rejected by

By MICHAEL R. BLOOD and ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — The California Legislature on Wednesday approved Gov. Gavin Newsom’s blueprint to extend the lifespan of the state’s last operating nuclear power plant by up to five years, after he warned the state could face rolling blackouts if its twin reactors were retired

By EILEEN NG Associated Press KUALA LUMPUR, Malaysia (AP) — Malaysian former first lady Rosmah Mansor has been ordered to serve 10 years in prison after being found guilty of soliciting and receiving bribes during her husband’s corruption-tainted administration, a week after he was imprisoned over the massive looting of the 1MDB state fund. Rosmah

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — The International Monetary Fund says it has reached a preliminary agreement to provide $2.9 billion over four years to help crisis-hit Sri Lanka. A visiting IMF team says the agreement is subject to the approval of IMF leaders and contingent on financing assurances from Sri