AP National Business

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed broadly lower on Wall Street Monday, adding to their hefty losses from last week when the Federal Reserve pledged to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.7% after wavering between small gains and

By MARCY GORDON AP Business Writer WASHINGTON (AP) — Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices. The data can be used to identify people and track their movements to and from sensitive locations, including reproductive health clinics, homeless shelters and places of worship.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks are edging lower on Wall Street in afternoon trading Monday, adding to their hefty losses from last week when the Federal Reserve pledged to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.2% as of 3:20

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal providing 24% pay raises. That’s in line with what a special presidential panel of arbitrators recommended earlier this month to resolve the stalemate before a strike could happen.

By KEN SWEET AP Business Writer NEW YORK (AP) — A Federal Reserve official says that the central bank’s new real-time payments system known as FedNow is expected to go live as early as May 2023. FedNow is expected to allow banks of any size to send payments to each other in real-time. That will

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell in afternoon trading on Wall Street Monday, as investors remain unnerved by the Federal Reserve’s pledge to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.3% as of 2:27 p.m. Eastern. The benchmark index fell

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists. It says the suit is an egregious instance of agency overreach. In its lawsuit filed in

WILMINGTON, Del. (AP) — Elon Musk’s legal team is demanding to hear from Twitter’s whistleblowing former security chief, who could help bolster Musk’s case for backing out of a $44 billion deal to buy the social media company. Former Twitter executive Peiter Zatko — also known by his hacker handle “Mudge” — received a subpoena

By PAUL BYRNE Associated Press KYIV (AP) — A U.N. nuclear watchdog team set off on an urgent mission Monday to safeguard the Russian-occupied Zaporizhzhia atomic power plant at the heart of fighting in Ukraine, a long-awaited trip the world hopes will help avoid a radioactive catastrophe. The stakes couldn’t be higher for the International

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Supreme Court’s landmark ruling on climate change could have implications for a range of other issues, including a case involving nuclear waste storage and a proposal requiring companies to disclose how climate risk affects their businesses, advocates across the political spectrum say. Two Republican attorneys general

BERLIN (AP) — The head of the European Union’s executive branch and Germany’s chancellor have pledged a reform of the continent’s electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices. European Commission President Ursula von der Leyen said in a speech in Bled, Slovenia on Monday that

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — NASA called off the launch of its mighty new moon rocket on its debut flight with three test dummies aboard Monday after a last-minute cascade of problems culminating in unexplained trouble related to an engine. The next launch attempt will not take place until

ANKARA, Turkey (AP) — Opposition parties in Turkey have filed legal complaints with court authorities to press Turkish prosecutors to investigate corruption allegations made by a fugitive mafia boss against a group of people close to President Recep Tayyip Erdogan’s ruling party.  Sedat Peker — a crime boss-turned-whistleblower — claimed on Twitter that officials, including

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks fell broadly in midday trading on Wall Street Monday, as investors remain unnerved by the Federal Reserve’s pledge to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.7% as of 11:45 a.m. Eastern. Around 70%

STOCKHOLM (AP) — A fire has been reported on passenger ferry in the Baltic Sea with nearly 300 people but officials said the blaze — which was described as “limited” — was put out. No one was reported injured. A maritime official said the ferry, which was north of the Swedish island of Gotland, will

NEW YORK (AP) — Stocks are opening lower on Wall Street, continuing to add to their losses following a drop last week as traders realized how determined the Federal Reserve is to keep interest rates high to fight inflation. Technology companies and banks had some of the biggest losses in the early going Monday. This

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A fuel leak and then an engine problem during final liftoff preparations led NASA to call off the launch of its mighty new moon rocket Monday on its debut flight with three test dummies aboard. The next launch attempt will not take place until

BEIJING (AP) — Authorities in central China have announced the arrests of 234 people allegedly involved in a scam to bilk people out of their savings with the false promise of high interest rates. The scandal drew national attention after investors seeking information about their money were prevented from reaching the capital of Henan province,

BERLIN (AP) — A group representing transit companies says about 52 million tickets allowing people to use local public transportation across Germany for just 9 euros (dollars) per month were sold over the summer. The project ends this week amid widespread calls for some kind of successor. The “9-euro ticket” was introduced for three months

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — Fuel leaks have forced NASA to scrub the launch of its new moon rocket on a no-crew test flight. The next launch attempt will not take place until Friday at the earliest. The 322-foot Space Launch System rocket was set to lift off Monday