AP National Business

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — The owner of a New York-based hedge fund that collapsed when it defaulted on margin calls has been arrested on charges alleging he defrauded leading global investment banks and brokerages. The charges unsealed Wednesday in an indictment in Manhattan federal court named Bill Hwang, the founder

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The United States is putting China, Russia and five other countries on its annual blacklist for lax enforcement of intellectual property rights that leaves American companies vulnerable to copyright and trademark piracy. All seven countries on this year’s list were on last year’s list, too. According

By SETH BORENSTEIN AP Science Writer Video meetings dampen brainstorming because we are so hyper-focused on the face in that box that we don’t let our eyes and minds wander as much, a new study found. Staring isn’t good for creativity. While it’s rude to stare at someone in real life, it’s expected when on

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Technology companies led stocks modestly higher on Wall Street in afternoon trading Wednesday, as the market clawed back some of its losses from a big sell-off a day earlier. The rally, which was losing steam into the final hour of trading,

BUDAPEST, Hungary (AP) — Hungary’s government extended a price cap on fuel and some basic food items for an additional two months as consumer prices continue to rise in the Central European country. In a video on Facebook, Prime Minister Viktor Orban said that the price cap on gasoline and diesel, which the government fixed

By DAVID KOENIG AP Airlines Writer Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling. Boeing said Wednesday that it lost $1.2 billion in the first quarter and took large write-downs for several programs. The loss was worse than Wall Street expected, and Boeing’s quarterly revenue also

Stocks are opening solidly higher on Wall Street Wednesday. The S&P 500 is up 0.6% and the Dow Jones Industrial Average gained 0.4%. The technology-heavy Nasdaq Composite gained 0.9%. Visa shares surged after reporting better-than-expected first-quarter earnings. Boeing slumped more than 6% in early trading after the aerospace giant lost more than $1.2 billion in

By The Associated Press Russia’s playing hardball on natural gas. State-owned exporter Gazprom says it’s stopping pipeline deliveries to Poland and Bulgaria. Russia is demanding payment in rubles, not dollars and euros. European leaders have rejected ruble payments, saying one side can’t change longstanding contracts in dollars and euros. But it’s about more than that.

BRUSSELS (AP) — The European Union moved Wednesday to lift visa requirements for people from Qatar and Kuwait to make it easier for them to enter many European countries for stays of up to 90 days.The EU’s executive branch, the European Commission, said it recommended allowing people from the two Mideast countries who hold biometric

Wall Street appeared ready for a rebound when the market opens Wednesday after some lackluster corporate earnings, the war in Ukraine and concerns over coming interest rate hikes led to sharp declines to start the week. Futures for the Dow Jones Industrials rose 0.8% and the S&P 500 rose 0.6% following gains in Europe and

By DAVID KEYTON and CARA ANNA Associated Press KYIV, Ukraine (AP) — The International Atomic Energy Agency’s director-general says the level of safety at Europe’s largest nuclear plant, currently under Russian occupation in Ukraine, is like a “red light blinking” as his organization tries in vain to get access for work including repairs. Rafael Grossi,

By PETER DEJONG Associated Press AMSTERDAM (AP) — After two years of celebrations muted by coronavirus lockdowns, the Netherlands is marking King Willem-Alexander’s 55th birthday with street parties, music festivals and a national poll showing trust in the monarch ebbing away. The king, who was once photographed drinking a beer with Vladimir Putin at the

By DAVID KOENIG AP Airlines Writer Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling. Boeing said Wednesday that it lost $1.24 billion in the first quarter and took large write-downs for several programs. The loss was worse than Wall Street expected, and Boeing’s quarterly revenue also

By SAM KEMMIS of NerdWallet Demand for travel has returned to pre-pandemic levels just in time for travel’s hottest season — summer. National parks, Mexico and other resort destinations have surging demand, making them less-than-ideal destinations for budget-conscious travelers. Instead, deal seekers should go to places that have been slow to recover, such as Italy

By VANESSA GERA and VESELIN TOSHKOV Associated Press WARSAW, Poland (AP) — Polish and Bulgarian leaders accused Moscow of using natural gas to blackmail their countries after Russia’s state-controlled energy company stopped supplying their countries with gas Wednesday. European Union leaders echoed those comments and were holding an emergency meeting on the Russian move. The

By KELVIN CHAN AP Business Writer LONDON (AP) — A hands-off approach to moderating content at Elon Musk’s Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material. Musk, who describes himself as a “free speech absolutist,” pledged to buy Twitter for $44 billion