AP National Business

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Markets are holding relatively steady after the Federal Reserve’s widely anticipated decision to raise interest rates by double the usual amount in a bid to fight inflation. The Fed also announced details of how it will start reducing its huge holdings of Treasury debt

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come. The increase in the Fed’s key

By TOM MURPHY AP Health Writer COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter. The vaccine maker said Wednesday that revenue from its coronavirus preventive shots jumped to $5.92 billion from $1.73 billion in last year’s quarter, when the vaccines were debuting in most markets. More than 217 million

COLUMBIA, S.C. (AP) — A South Carolina judge has approved a second round of refunds for customers of a utility that poured billions of dollars into two nuclear power plants that never produced a watt of power. About $61 million is being set aside for Dominion Energy South Carolina after the utility sold several properties

By CARLEY PETESCH Associated Press DAKAR, Senegal (AP) — Human Rights Watch has accused Russian mercenaries of executing, torturing and beating civilians in Central African Republic since 2019. Dozens of witnesses who spoke to the international rights organization outlined incidents of violence, including in July 2021 when Russian-speaking men carrying military-grade weapons set up a

By JOSH BOAK and FATIMA HUSSEIN Associated Press WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going

By MICHELLE CHAPMAN AP Business Writer Tupperware’s turnaround isn’t exactly going as planned, with inflation, COVID-19 and Russia’s invasion of Ukraine all weighing on the consumer products company. Sales dropped 16% in the first quarter, with Miguel Fernandez, President and CEO of Tupperware Brands, acknowledging that the company’s turnaround still needs a lot more work.

By JILL LAWLESS Associated Press LONDON (AP) — The shirt worn by Diego Maradona when he scored the controversial “Hand of God” goal against England in the 1986 World Cup has sold for 7.1 million pounds ($9.3 million), the highest price ever paid at auction for a piece of sports memorabilia. Auctioneer Sotheby’s sold the

By TOM MURPHY AP Health Writer CAMBRIDGE, Mass. (AP) — COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter. The vaccine maker said Wednesday that revenue from its coronavirus preventive shots jumped to $5.92 billion from $1.73 billion in last year’s quarter, when the vaccines were debuting in most markets.

CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro and high-ranking officials from the South American nation have met with the oil minister of Iran to discuss cooperation in energy matters and efforts to defeat economic sanctions imposed by the U.S. and its allies. Officials from both oil-producing nations ratified agreements in the meetings this week

NEW YORK (AP) — The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York’s attorney general announced Wednesday. Under the terms of a settlement signed by the attorneys general of all 50 states, Mountain View, California-based

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks were mixed and bond yields rose Wednesday ahead of a widely expected interest rate increase from the Federal Reserve. Oil prices rose as Europe moved toward banning Russian oil. Crude oil prices rose 3.7% after Europe took a step closer to placing an

By WILSON RING Associated Press SOUTH BURLINGTON, Vt. (AP) — The first overseas deployment of the Vermont Air National Guard’s F-35 fighter jets will have the pilots and their aircraft patrolling the skies of Europe during one of the most tense periods in recent history. More than 200 Vermont air guard personnel, their equipment and

By JILL LAWLESS and PETER MORRISON Associated Press BELFAST, Northern Ireland (AP) — Ever since Northern Ireland was founded as a Protestant-majority state a century ago, its governments have been led by unionist politicians who defined themselves as British. But if opinion polls are right, an election Thursday will see Sinn Fein, an Irish nationalist