AP National Business

NEW YORK (AP) — Stocks are edging higher in early trading on Wall Street Tuesday, finding some stability a day after dropping into a bear market. A report showed that inflation at the wholesale level slowed unexpectedly last month, a rare bit of encouraging news about inflation, which has been slamming markets in recent days.

WARSAW, Poland (AP) — Polish President Andrzej Duda has signed into law regulations replacing the controversial body disciplining judges with a new accountability panel. The hope is that the move will persuade the European Union to release billions of euros in pandemic funds frozen over Poland’s political control of the judiciary. Poland’s top politician, Jaroslaw

By GLENN GAMBOA AP Business Writer “Hamilton” creator Lin-Manuel Miranda, pop star Ricky Martin and award-winning actress/singer Michaela Jae Rodriguez will join the Hispanic Federation Tuesday to launch a new advocacy initiative serving Latinx LGBTQ+ communities. The Advance Change Together (ACT) initiative will provide 20 Latinx nonprofits grants of $25,000 to $50,000 to support their

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from a bout of inflation that shows no sign of slowing. Tuesday’s report from the Labor Department showed that the producer price index — which measures inflation before

LONDON (AP) — The names of the 72 people who lost their lives in a London high-rise tower blaze have been read out at a memorial service to mark five years since the tragedy. Former prime minister Theresa May and London Mayor Sadiq Khan joined survivors and the bereaved at the Westminster Abbey service to

By The Associated Press Coinbase Global says it plans to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a restructuring in order to help manage its operating expenses in response to current market conditions. The cryptocurrency trading platform said in a regulatory filing that it expects to have about

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korea’s prime minister has warned that disruptions of cargo transport by a nationwide truckers’ strike could cause “irrecoverable” damage to the country’s economy, as the protest entered its eighth day. The Transport Ministry says about 6,800 truckers rallied at various sites across South Korea

ANKARA, Turkey (AP) — President Recep Tayyip Erdogan said Tuesday the Turkish national carrier will rebrand as “Türkiye Hava Yolları” instead of “Turkish Airlines” as part of a push for his country to be known internationally as “Türkiye” instead of “Turkey.” Earlier this month, Ankara sent a letter to the United Nations, formally registering the

By DANICA KIRKA Associated Press LONDON (AP) — British Prime Minister Boris Johnson defended his plan to send asylum-seekers of various nationalities to Rwanda just hours before the first plane was set to leave Tuesday, saying that efforts to block the flights were “abetting the work of criminal gangs” involved in smuggling people across borders.

By JENNIFER McDERMOTT and GEOFF MULVIHILL Associated Press A congressional panel is set to examine payouts under a federal coronavirus pandemic aid program intended to help small businesses weather the COVID-19 outbreak. Tuesday’s hearing comes amid revelations as much as 20% of the money may have been awarded to fraudsters. The COVID-19 Economic Injury Disaster

Associated Press Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy the social media platform, the company said Tuesday. Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they’d be able to submit questions in

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global stocks drifted lower Tuesday in the wake of Wall Street’s tumble into a bear market, as investors anxiously contemplated a new and uncertain world of higher interest rates, international conflict and recession fears. Shares traded down in Europe, erasing brief gains after the markets opened,

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — The 2022 back-to-school shopping season should enjoy strong sales increases from a year ago, fueled by heavy demand for trendy fashion, though the growth won’t be as robust as last year when business was rebounding from pandemic-related virtual schooling. Mastercard SpendingPulse, which tracks spending across

By DALIA RAMIREZ of NerdWallet Summer music festivals can be a once-in-a-lifetime experience, but costs can be excessive for many fans. With expenses for food, drinks, outfits, flights and hotels on top of the ticket price, budgeting for a festival can outperform even the best lineups. Taking advantage of credit card rewards for entertainment purchases,

WARSAW, Poland (AP) — Polish President Andrzej Duda has signed into law regulations replacing the controversial body disciplining judges with a new accountability panel. The hope is that the move will persuade the European Union to release billions of euros in pandemic funds frozen over Poland’s political control of the judiciary. Duda’s office said the

By SYLVIA HUI Associated Press LONDON (AP) — Scottish First Minister Nicola Sturgeon has started her campaign for a second independence referendum. Sturgeon argues that Scotland would be economically better off outside the United Kingdom. Sturgeon leads the Scottish National Party as well as the devolved government in Scotland. She released on Tuesday the first

By YURAS KARMANAU Associated Press LVIV, Ukraine (AP) — Russian troops control about 80% of the fiercely contested eastern Ukrainian city of Sievierodonetsk and have destroyed all three bridges leading out of it but Ukrainian authorities are still trying to evacuate the wounded, a regional official said Tuesday. Serhiy Haidai, governor of the eastern Luhansk

By DANICA KIRKA Associated Press LONDON (AP) — British Prime Minister Boris Johnson beat back criticism of his plan to send asylum-seekers to Rwanda, saying that efforts attempting to block the flights were “abetting the work of criminal gangs’’ involved in smuggling people across borders. Johnson’s government has reached an agreement with Rwanda to deport

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Shares opened mostly higher in Europe early Tuesday and Asian shares recovered from the worst of their losses following Wall Street’s tumble into what’s called a bear market. London and Frankfurt gained on the open but fell back slightly later in the morning. Shanghai advanced while

By KATIE TAM and ZEN SOO Associated Press HONG KONG (AP) — A floating restaurant that fed Cantonese cuisine to Queen Elizabeth II, Tom Cruise and millions of other diners has been towed from its Hong Kong harborfront location after falling victim to the pandemic. The parent company of Jumbo Floating Restaurant couldn’t find a