AP National Business

NEW YORK (AP) — Stocks are stuck in stasis Friday morning, as investors wait to hear from the head of the Federal Reserve about what may be coming next for interest rates. The S&P 500 was 0.1% lower in early trading, while bond yields were also making only tentative moves. The Dow Jones Industrial Average

NEW YORK (AP) — Some 150 artworks from the collection of Microsoft co-founder Paul G. Allen will be auctioned at Christie’s in New York this fall and are expected to bring in more than $1 billion in total. Christie’s says the works to be auctioned span 500 years of art history from Old Masters to

By DAVID BAUDER AP Media Writer NEW YORK (AP) — It was the kind of story that media reporter Brian Stelter would normally sink his teeth into — if only it didn’t involve him. CNN said last week it was cancelling “Reliable Sources,” its 30-year-old program on the media, and letting Stelter go, part of

By TOM MURPHY AP Health Writer COVID-19 vaccine maker Moderna is suing Pfizer and the German drugmaker BioNTech, accusing its main competitors of copying Moderna’s technology in order to make their own vaccine. Moderna said Friday that Pfizer and BioNTech’s vaccine Comirnaty infringes on patents Moderna filed several years ago protecting the technology behind its

By MICHELLE CHAPMAN AP Business Writer Elon Musk’s SpaceX and T-Mobile are teaming up to help provide voice and data services anywhere by having satellites connect with cellphones using T-Mobile’s wireless spectrum. The plan, called Coverage Above and Beyond, looks to use SpaceX’s Starlink satellites that are in low Earth orbit and T-Mobile’s wireless network

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Environmental Protection Agency says it’s designating two “forever chemicals” used in cookware, carpets and firefighting foams as hazardous substances. That clears the way for quicker cleanup of the groups of toxic compounds known as PFAS. Designation as a hazardous substance under the Superfund law means releases

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked. According to a Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose 6.3% in July from a

By PAUL BYRNE Associated Press KYIV, Ukraine (AP) — A team from the U.N.’s International Atomic Energy Agency is expected to visit the Russian-occupied Zaporizhzhia nuclear plant in Ukraine soon but more shelling was reported in the area overnight. The visit comes after the plant was temporarily knocked offline, fueling fears of a catastrophe in

Associated Press NEW YORK (AP) — Stocks in the U.S. and Europe turned lower Friday ahead of a speech by the Federal Reserve chair that could more shed light on the potential for more interest rate hikes. The DAX in Frankfurt fell 0.3% while the CAC 40 in Paris slipped 0.1%. The FTSE in London

MORAG, Poland (AP) — Poland is scheduled to seal a deal with South Korea for the purchase of some $5.8 billion worth of tanks, howitzers and ammunition. Poland’s deputy prime minister and the head of South Korea’s Defense Acquisition Program Administration are expected to sign the contracts at a military base in northern Poland on

BERLIN (AP) — The German government is considering backtracking on plans for consumers to pay a surcharge on natural gas amid mounting criticism that the money could flow to highly profitable energy companies. The surcharge could cost the average household several hundred euros a year. It is aimed at rescuing importers slammed by Russian cutbacks

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Treasury Department faces pushback from the cryptocurrency industry over sanctions imposed on a virtual currency mixing firm. The firm is accused of helping launder billions of dollars — with some funds going to North Korean hackers. Earlier this month, the Treasury Department imposed sanctions on the

ANKARA, Turkey (AP) — Turkey’s finance minister says said there was no reason for Turkish businesses to be concerned by a U.S. warning about possible sanctions on companies dealing with sanctioned Russian businesses. This week an influential Turkish business group confirmed that it had received from the U.S. Treasury cautioning that Turkish companies risk retributions

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Germany’s foreign minister says estimates show the Baltic Sea can produce “more than twice the installed capacity of all German coal-fired power stations” as the country works to meet climate change targets and to wean itself off of Russia-supplied energy. In a video message ahead

COPENHAGEN, Denmark (AP) — German Foreign Minister Annalena Baerbock says that estimates show that the Baltic Sea can produce “more than twice the installed capacity of all German coal-fired power stations.” Germany is ending the import of Russian oil and coal this year and aims to stop using Russian gas within the next two years.

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stock markets were higher Friday ahead of a speech by the Federal Reserve chair that investors hoped would shed light on plans for more interest rate hikes. London and Frankfurt opened higher. Tokyo and Hong Kong advanced while Shanghai declined. Oil prices rose. Investors focused

AMSTERDAM (AP) — Amsterdam’s Schiphol airport has reported a net profit of 65 million euros ($64.8 million) for the first six months of the year as passenger numbers soared despite post-pandemic staff shortages that led to huge lines and piles of luggage. The busy aviation hub had a net loss of 140 million in the

By YURI KAGEYAMA Associated Press TOKYO (AP) — They’re your run-of-the-mill “salarymen,” as company workers in Japan are called — hard-working, friendly and, well, rather regular. But the chief executive and general manager at a tiny Japanese security company are among the nation’s biggest TikTok stars, drawing 2.7 million followers and 54 million likes, and

BEIJING (AP) — The U.S. government is suspending 26 flights by Chinese airlines from the United States to China in a dispute over anti-virus controls after Beijing suspended flights by American carriers. The Department of Transportation accused Beijing of violating an air travel agreement while enforcing anti-virus controls that are among the world’s most extreme.

By GEOFF MULVIHILL Associated Press Driven by moral outrage over Russia’s invasion of Ukraine earlier this year, U.S. governors and other top state officials made it clear: They wanted to cut their financial ties with Russia. A few states quickly followed through. Idaho sold $300,000 of bonds in a Russian oil company in early March.