AP National Business

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel. Wall Street ended up 0.1% on Monday

By ZEN SOO Associated Press HONG KONG (AP) — Alibaba, China’s biggest e-commerce company, plans to apply for a primary listing in Hong Kong. The move would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. CEO Daniel Zhang said the company was pursuing another primary

By JIM VERTUNO Associated Press AUSTIN, Texas (AP) — Conspiracy theorist Alex Jones is set to face a defamation trial over his false comments that the 2012 Sandy Hook Elementary School massacre was a hoax. A jury was selected Monday in Austin, Texas. Courts have already found the Infowars host liable for his portrayal of

By JAMES MacPHERSON Associated Press BISMARCK, N.D. (AP) — Gov. Doug Burgum says a crypto mining company is planning to redevelop a northeastern North Dakota anti-ballistic missile site abandoned in the 1970s into data center that may be used for the mining of bitcoin and other digital currencies. Bitzero announced last month that it planned

By JIM VERTUNO Associated Press AUSTIN, Texas (AP) — Conspiracy theorist Alex Jones is set to face a defamation trial over his false comments that the 2012 Sandy Hook Elementary School massacre was a hoax. Jury selection began Monday in Austin, Texas. Courts have already found the Infowars host liable for his portrayal of the

By KEVIN FREKING Associated Press WASHINGTON (AP) — President Joe Biden is asking Congress to move quickly to send to him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. Biden calls semiconductors “the building blocks for the modern economy.” The Senate is expected to take a

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is lowering its profit outlook for its fiscal second quarter and for the full year. The nation’s largest retail cites surging inflation on basics like food that is making shoppers cut back on discretionary items, particularly clothing, that carry higher profit margins. That consumer

By ALEX VEIGA AP Business Writer Wall Street capped a choppy day of trading with a mixed finish for stock indexes Monday, as investors brace for another sharp interest rate hike by the Federal Reserve this week as the central bank combats inflation. The S&P 500 edged up 0.1% after fluctuating between gains and losses.

Stocks that traded heavily or had substantial price changes Monday: World Wrestling Entertainment Inc., up $5.59 to $71.81. World Wrestling Entertainment jumped 9.5% after CEO Vince McMahon retired Friday amid an investigation into alleged misconduct. Weber Inc., down 95 cents to $6.56. The outdoor grill maker announced the departure of CEO Chris Scherzinger, pulled its

By KAY DERVISHI of The Chronicle of Philanthropy Chronicle of Philanthropy Hollywood film producer Dan Lin — known for movies such as Disney’s live action “Aladdin” and “The Two Popes” — is launching a nonprofit with more than $1 million from the Ford and MacArthur foundations as well as several other philanthropies. His goal is

By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are struggling to find common ground on how to wean the bloc off its reliance on Russian natural gas. They seek to appease wary consumers at home while upholding unity as Moscow turns down the tap. On the eve of an emergency meeting to

By GRETCHEN EHLKE Associated Press Tim Giago, the founder of the first independently owned Native American newspaper in the United States, has died at age 88, his former wife said. Giago, who died at Monument Health in Rapid City, South Dakota, on Sunday, created an enduring legacy during his more than four decades of work

BERLIN (AP) — Russia’s Gazprom says it would further reduce natural gas flows through a major pipeline to Europe to 20% of capacity, citing equipment repairs. The move announced Monday ramps up fears that Russia may cut off gas as political leverage over the war in Ukraine just as Europe tries to shore up storage

By ALEX VEIGA AP Business Writer Stocks on Wall Street were mixed in afternoon trading Monday, as investors braced for a two-day meeting of the Federal Reserve this week where it’s expected the central bank will raise interest rates sharply to combat inflation. The S&P 500 index was down 0.1% as of 2:44 p.m. Eastern

By CLAUDIA LAUER The Associated Press PHILADELPHIA (AP) — Wei Chen wants people who visit Philadelphia’s Chinatown to look through the community’s gateway arch and see the residents chatting in Mandarin on the steps to the apartments above or the vendors selling traditional Chinese food to families walking by, not a giant Philadelphia 76ers arena

By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are struggling to find common ground on how to wean the bloc off its reliance on Russian natural gas. They seek to appease wary consumers at home while upholding unity as Moscow turns down the tap. On the eve of an emergency meeting to

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — With inflation at a four-decade high, the job market strong and consumers still spending, the Federal Reserve is under pressure to continue raising interest rates aggressively. When it ends its latest policy meeting Wednesday afternoon, the Fed is expected to impose a second consecutive three-quarter-point hike

BERLIN (AP) — Russia’s Gazprom says it would further reduce natural gas flows through a major pipeline to Europe to 20% of capacity, citing equipment repairs. The move announced Monday escalates tensions over energy supplies that are dwindling just as the continent is trying to shore up its storage for winter. The Russian state-owned company