AP National Business

BEIJING (AP) — Chinese leader Xi Jinping has said the conflict in Ukraine has “sounded an alarm for humanity,” but proposed no solutions. China continues to assume a position of neutrality while backing its ally Russia by refusing to criticize its invasion of Ukraine or even to refer to it as an invasion in deference

By OLGA R. RODRIGUEZ and JANIE HAR Associated Press SAN FRANCISCO (AP) — One man was killed and another was wounded in a shooting on a San Francisco subway train Wednesday that ended in the city’s historically LGBTQ neighborhood just days before Pride celebrations, police said. The shooting occurred shortly before 10 a.m. on a

By MATTHEW DALY Associated Press WASHINGTON (AP) — Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months. If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — A choppy day of trading on Wall Street ended with a modest pullback for stocks Wednesday, the latest bout of volatility for the market amid concerns about inflation and uncertainty over whether rising interest rates will help or hinder the economy.

The Associated Press Stocks gave up an afternoon gain and ended slightly lower on Wall Street Wednesday. Energy companies helped pull the market lower after crude oil prices sank. The S&P 500 fell 0.1%, the Dow Jones Industrial Average fell 0.2% and the Nasdaq lost 0.1%. The price of U.S. crude oil fell 4%. Investors

FORT WORTH, Texas (AP) — American Airlines said Wednesday that customers with PreCheck can go through security checkpoints at Dallas-Fort Worth International Airport with a face scan and phone app instead of showing their driver’s license or passport. The airline said that it intends to expand the test, which started Wednesday, to airports in Miami,

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Sonoco Products, Korn Ferry rise; Chevron, Altria fall.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks were mixed in late-afternoon trading on Wall Street Wednesday amid concerns about inflation and whether rising interest rates will help or hinder the economy. The S&P 500 rose 0.1% as of 3:44 p.m. Eastern. The index bounced between a gain

By MATTHEW BROWN and AMY BETH HANSON Associated Press YELLOWSTONE NATIONAL PARK (AP) — Throngs of tourists gleefully watched the legendary Old Faithful geyser shoot towering bursts of steaming water while others got stuck in “bison jams” on picturesque valley roads as visitors returned Wednesday for the partial reopening of Yellowstone National Park after destructive

By SUZAN FRASER and AYSE WIETING Associated Press ANKARA, Turkey (AP) — Turkey and Saudi Arabia have declared their readiness to start a “new era of cooperation.” The declaration came Wednesday during a visit by Saudi Crown Prince Mohammed bin Salman — his first to Turkey since the brutal slaying of Saudi columnist Jamal Khashoggi

COLUMBUS, Ohio (AP) — Ohio State University has won its fight to trademark the word “The.” The U.S. Patent and Trademark Office approved the university’s request Tuesday. The school says it allows Ohio State to control use of “The” on branded products associated with and sold through athletics and collegiate channels. Those include such items

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, the prime minister told lawmakers Wednesday in comments that underscored the country’s dire situation as it seeks help from international lenders. Ranil Wickremesinghe told Parliament the South Asian nation faces

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks steadied on Wall Street after wavering between gains and losses in the early going Wednesday amid concerns about inflation and whether rising interest rates will help or hinder the economy. The S&P 500 rose 0.7% as of 2:26 p.m. Eastern.

By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures. But it’s not clear Biden has the votes to suspend the taxes. Many lawmakers in his own party have expressed reservations.

SEATTLE (AP) — A union has reached a deal with Alaska Airlines for a two-year contract extension that provides substantial raises for 5,300 gate agents, stores personnel and office staff, as well as for ramp workers who load cargo. The Seattle Times reports the deal announced Wednesday does not cover a separate group of about

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks wavered in turbulent trading on Wall Street Wednesday amid concerns about inflation and whether rising interest rates will help or hinder the economy. The S&P 500 rose 0.3% as of 12:49 p.m. Eastern. The index has bounced between a gain of 0.8% and

By ANDREA RODRÍGUEZ Associated Press HAVANA (AP) — The first storm of the new hurricane season hit Cuba in mid-June and collapsed or damaged dozens of homes in the capital — tearing off pieces of roof, balconies and facades. That highlighted one of Cuba’s main social problems: a shortage of quality housing caused by decades

By JILL LAWLESS Associated Press LONDON (AP) — Britain is facing the second of three national railway strikes after new negotiations between union and employers ended in deadlock. The Rail, Maritime and Transport Union accused the government of “wrecking” Wednesday’s talks. It said the 24-hour walkout by 40,000 cleaners, signalers, maintenance workers and station staff

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell