AP National Business

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks on Wall Street are clawing back some of their recent losses in afternoon trading Thursday, despite ongoing wariness among investors about stubbornly high inflation and rising interest rates. The S&P 500 was up 1.4% as of 2:47 p.m. Eastern, with

By BOBBY CAINA CALVAN and LARRY NEUMEISTER Associated Press NEW YORK (AP) — Michael Avenatti was sentenced Thursday to four years in prison for stealing book proceeds from Stormy Daniels, the porn actress who catapulted him to fame as he represented her in courtrooms and cable news programs during her legal battles with then-President Donald

By LISA RATHKE Associated Press BURLINGTON, Vt. (AP) — A Colorado man pleaded not guilty Thursday in federal court in Vermont to kidnapping a man who was later found shot to death in a snowbank in 2018 in what prosecutors allege is a murder-for-hire case stemming from a financial dispute. Federal prosecutors say they believe

By EDEN STIFFMAN of The Chronicle of Philanthropy Chronicle of Philanthropy For years California, Florida, Oregon, Washington, and other states have relied on incarcerated men and women to fight wildfires. They are trained to perform grueling work while earning just a few dollars, sometimes as little as $2 a day. Incarcerated workers who serve as

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states, and it will convert about 3,000 temporary workers

By ALMUDENA CALATRAVA Associated Press BUENOS AIRES, Argentina (AP) — Argentina’s economy that has been struggling to recover from the pandemic and suffers one of the world’s highest inflation rates. So millions in the country get by in large part thanks to politically influential social organizations that help manage state welfare programs. The power of

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks edged lower on Wall Street Thursday and trading was choppy as investors remain cautious amid concerns about economic growth and rising interest rates. The S&P 500 fell 0.5% as of 10:25 a.m. Eastern. The Dow Jones Industrial Average fell 251 points, or 0.8%,

WARSAW, Poland (AP) — The European Commission chief is visiting Warsaw to officially confirm the EU executive’s long-delayed approval of Poland’s pandemic recovery plan, which would enable conditional release of billions of euros in grants and loans to the country. Commission President Ursula von der Leyen met Poland’s Prime Minister Mateusz Morawiecki for talks about

Associated Press WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down slightly this week, though interest rates on the key 30-year home loan remain at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked down to 5.09% from 5.1% last week. By contrast, the average rate stood at 2.99% a

Associated Press LONDON (AP) — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation. The decision Thursday steps up the pace by the alliance, known as

By HALELUYA HADERO AP Business Writer Democratic members of the House Committee on Oversight and Reform are accusing Amazon of “obstructing” their investigation into the company’s labor practices during severe weather events. Amazon’s policies have been under more scrutiny since the deadly collapse of a company warehouse last year in Edwardsville, Illinois. Regulators have found

By PAUL WISEMAN and MAE ANDERSON AP Business Writers WASHINGTON (AP) — This is expected to be the best summer job market for teens in 15 years. Researchers at Drexel University’s Center for Labor Markets and Policy predicted in a report last month that an average of 33% of youths ages 16 to 19 will

NEW YORK (AP) — Stocks are off to a mixed start on Wall Street Thursday as weakness in technology companies offsets gains elsewhere in the market. Microsoft weighed down the tech sector with a 3% loss after cutting its financial forecasts for the current quarter, citing unfavorable changes in exchange rates. The S&P 500 fell

By TOM KRISHER and PATRICK ORSAGOS Associated Press AVON LAKE, Ohio (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states, and it will convert

By PAUL WISEMAN and MAE ANDERSON AP Business Writers WASHINGTON (AP) — Mary Jane Riva, CEO of the Pizza Factory, has a cautionary message for her customers this summer: Prepare to wait longer for your Hawaiian pie or calzone. The Pizza Factory’s 100 West Coast locations are desperately short of workers. With about 12 employees