AP National Business

By NINIEK KARMINI Associated Press JAKARTA, Indonesia (AP) — Foreign ministers from the Group of 20 leading rich and developing nations are gathering in Indonesia’s resort island of Bali for talks bound to be dominated by the conflict in Ukraine despite an agenda focused on global cooperation and food and energy security. The one-day gathering

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation. Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Oil prices fell more than $1 per barrel to stay below $100. Wall Street’s benchmark S&P 500 index

By SUSAN MONTOYA BRYAN Associated Press ALBUQUERQUE, N.M. (AP) — Virgin Galactic announced Wednesday that it is partnering with a Boeing subsidiary to manufacture the next generation of the twin-fuselage aircraft used to carry aloft the space tourism company’s rocket ship. Aurora Flight Sciences will build two of the special carrier planes at its facilities

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration and Juul have agreed to put their court fight on hold while the government  reopens its review of the company’s electronic cigarettes. The agreement Wednesday comes one day after the FDA placed a hold on its initial order banning Juul’s products.

By FRANCESCA EBEL and MARIA GRAZIA MURRU Associated Press KRAMATORSK, Ukraine (AP) — Russia has redoubled its push for Ukraine’s eastern Donbas region, with the Ukrainian military claiming to have repelled some advances. Ukrainian President Volodymr Zelenskyy says the fighting in Donbas is the most intense in the entire country. The Associated Press on Wednesday

The Associated Press Stocks are closing higher on Wall Street Wednesday following the release of minutes from the Federal Reserve’s most recent policy meeting. The S&P 500, the Dow Jones Industrial Average and the Nasdaq all finished the day in the green after a choppy day of trading. Minutes from the two-day meeting last month

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Kornit, DoorDash fall; Resolute Forest, Broadcom rise.

By AAMER MADHANI and JOSH BOAK Associated Press CLEVELAND (AP) — President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers. It’s part of a broader effort to reinvigorate his political standing with blue-collar voters. Ohio has been trending strongly Republican in recent years,

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writer Wall Street capped another choppy day of trading Wednesday with modest gains for the major stock indexes, after investors combed the minutes from the Federal Reserve’s most recent interest rate policy meeting for clues about what the central bank may do next to fight inflation.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writer Stocks turned higher on Wall Street in choppy afternoon trading Wednesday following the release of minutes from the Federal Reserve’s most recent policy meeting. The minutes of the two-day meeting last month show that Fed officials concluded higher interest rates could be needed to restrain

By MATTHEW PERRONE and TOM MURPHY Associated Press WASHINGTON (AP) — U.S. pharmacists can now prescribe the leading COVID-19 pill directly to patients. The Food and Drug Administration said Wednesday that pharmacists can begin screening patients to see if they are eligible and then prescribe Pfizer’s drug Paxlovid. Previously only doctors could prescribe it. Paxlovid

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — A company that has performed appraisals on some of Donald Trump’s most prized properties has been held in contempt of court for missing a deadline to turn over documents in the New York attorney general’s civil investigation into the former president’s business practices. Manhattan Judge

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their

By DAVID KOENIG AP Airlines Writer President Joe Biden plans to nominate the CEO of the Denver airport to become the next head of the Federal Aviation Administration. The White House announced Wednesday that Biden plans to nominate Phillip Washington. He has been the CEO of Denver International Airport since last year. Before that, he

BRATISLAVA, Slovakia (AP) — Slovakia’s government is facing another serious crisis after a junior party threatened to withdraw from the four-party coalition. The liberal Freedom and Solidarity party says it was not ready to be in the government any more together with Finance Minister Igor Matovic, a populist leader whose Ordinary People party won the

By COLLIN BINKLEY AP Education Writer New rules proposed by the Biden administration on Wednesday would make it easier for borrowers to get their federal student debt forgiven through several existing programs. The action is intended to overhaul relief programs that have been criticized for their burdensome paperwork requirements and long processing times. It builds

MIAMI (AP) — The Norwegian Cruise Line company is dropping a requirement that passengers test negative for COVID-19 before sailing. The company said Wednesday that testing will only be needed on ships departing from places where local rules still requires testing, including in the United States and Canada. The change starts Aug. 1. Norwegian says

By ALEX VEIGA AP Business Writer Stocks are mostly lower in afternoon trading on Wall Street Wednesday as worries about inflation, rising interest rates and a potential recession weigh on the broader market. The S&P 500 slipped 0.1% as of 1:37 p.m. Eastern after having been up 0.5% in the early going. The Dow Jones

By SYLVIA HUI Associated Press LONDON (AP) — Britain’s beleaguered Prime Minister Boris Johnson is determined to cling to power despite an open revolt within his Conservative Party. More than 30 government ministers quit in a mass walkout Wednesday, following in the footsteps of two of Johnson’s top Cabinet ministers who said Johnson’s government is