AP National Business

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Consumers picked up their spending modestly in April from March, buoyed by a solid job market and easing inflationary pressures. A bump up in demand for new cars also helped results, according to the Commerce Department report issued Tuesday. Retail sales increased 0.4% in April

LOS ANGELES (AP) — LOS ANGELES (AP) — Daily Journal Corp. (DJCO) on Monday reported net income of $9.4 million in its fiscal second quarter. On a per-share basis, the Los Angeles-based company said it had profit of $6.85. Earnings, adjusted for non-recurring gains, came to $2.49 per share. The newspaper publisher posted revenue of

FT WORTH, Texas — Tandy: Q1 Earnings Snapshot

DETROIT (AP) — Stellantis is telling owners of nearly 220,000 Jeep Cherokee SUVs worldwide to park them outdoors and away from other vehicles because the power liftgates can catch fire even when the engines are off. The company is recalling certain Cherokees from the 2014 through 2016 model years. Water can get into the liftgate

By ELAINE KURTENBACH and MATT OTT AP Business Writers Wall Street tipped lower Tuesday after data showed China’s economy is weaker than expected, while Home Depot cut its profit and sales outlook for the year, signaling a spending shift by Americans strapped by inflation and anxious about a possible recession. The Dow Jones industrial Average

By MICHELLE CHAPMAN AP Business Writer After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares skidding before the opening bell Tuesday. It was a rough start to a busy week of

By PAN PYLAS Associated Press LONDON (AP) — The number of people in the U.K. not working because of long-term sickness has risen to a record high, partly because of ongoing health problems related to the coronavirus pandemic. The Office for National Statistics said Tuesday that 2.55 million people were not able to work in

FRANKFURT, Germany (AP) — The former head of Volkswagen’s luxury division Audi pleaded guilty Tuesday to charges tied to the automaker’s diesel emissions scandal, becoming the highest-ranking executive convicted over cars that cheated on emissions tests with the help of illegal software. Rupert Stadler answered “yes” to a statement read in court by his attorney

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Canadian Prime Minister Justin Trudeau has arrived in South Korea for a meeting with South Korean President Yoon Suk Yeol at which they are expected to discuss expansion of trade and challenges posed by North Korea. Trudeau, the first Canadian leader to visit South Korea

LONDON (AP) — Wireless carrier Vodafone says it’s laying off 11,000 workers as part of a major revamp aimed at cutting costs and boosting flagging financial performance. Vodafone is one of the world’s biggest mobile phone companies by subscribers. It made the announcement Tuesday as it reported that its annual earnings dropped 1.3% and forecast

LEIDEN, Netherlands — ProQR: Q1 Earnings Snapshot

EDEN PRAIRIE, Minn. — Stratasys: Q1 Earnings Snapshot

By MATT O’BRIEN AP Technology Writer The head of the artificial intelligence company that makes ChatGPT is set to testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology. OpenAI CEO Sam Altman is scheduled to speak at a Senate hearing Tuesday. His San Francisco-based startup rocketed to

BEIJING — Baidu Inc.: Q1 Earnings Snapshot

ZURICH — On Holding: Q1 Earnings Snapshot

By KEN SWEET The Associated Press NEW YORK (AP) — The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies’ long-term health. Executives at Silicon Valley

HOD-HASHARON, Israel — Allot Communications: Q1 Earnings Snapshot

HOUSTON — San Juan Basin Royalty: Q1 Earnings Snapshot

CALGARY, Alberta — NXT: Q1 Earnings Snapshot

RICHMOND HILL, Ontario — GeneNews: Q1 Earnings Snapshot