AP National Business

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell and bond yields rose on Wall Street Wednesday after details from last month’s Federal Reserve meeting showed the central bank intends to be aggressive in its efforts to fight inflation. Minutes from the meeting show that policymakers agreed to begin cutting the Fed’s

By The Associated Press Associated Press The United States and allies are again escalating sanctions against Russia after evidence that Russian troops murdered Ukrainian civilians in a town near Kyiv. Among the new sanctions are measures targeting the family of Russian President Vladimir Putin. The White House said Wednesday that President Joe Biden will sign

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The mayor of the besieged Ukrainian city of Mariupol says over 5,000 civilians have been killed during the monthlong Russian blockade. Vadym Boichenko said Wednesday that 210 of the dead were children. He said the Russian forces bombed hospitals, including one where 50

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their policy meeting

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The Kremlin is preparing for a new combat push in Ukraine as the country gathers its dead and collects evidence of alleged Russian atrocities. Ukrainian officials have stepped up calls for civilians to evacuate from towns near the front line ahead of the

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is moving closer to rapidly shrinking its huge $9 trillion stockpile of bonds in the coming months to fight high inflation, a move that would contribute to higher borrowing costs for consumers and businesses. In minutes from their most recent policy meeting three

By AAMER MADHANI, SAMUEL PETREQUIN and JOSH BOAK Associated Press WASHINGTON (AP) — The United States has announced new sanctions targeting Russia in retaliation for “war crimes” in Ukraine. The U.S. blocked two key Russian banks and also sanctioned Russian President Vladimir Putin’s two adult daughters. The United Kingdom piled on asset freezes Wednesday against

By KEN SWEET AP Business Writer NEW YORK (AP) — Russia says it made a debt payment in rubles this week, a move that may not be accepted by Russia’s foreign debtholders and could put the country on a path to an historic default. The action by Russia was in response to the most recent

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A subsidiary of one of the largest U.S. wind energy companies has been sentenced to probation and ordered to pay over $8 million in fines and restitution after at least 150 eagles were killed at its wind farms in eight states. NextEra Energy subsidiary ESI Energy

By ADAM SCHRECK and ANDREA ROSA Associated Press ANDRIIVKA, Ukraine (AP) — The Kremlin is preparing for a new combat push in Ukraine as the country gathers its dead and collects evidence of alleged Russian atrocities. Ukrainian officials have stepped up calls for civilians to evacuate from towns near the front line ahead of the

By MATTHEW DALY Associated Press WASHINGTON (AP) — House Democrats are accusing oil companies of “ripping off the American people” and putting profits before production as Americans suffer from higher gasoline prices amid the war in Ukraine. Oil executives, testifying before Congress for the second time in six months, responded that oil is a global

By FRANK JORDANS Associated Press BERLIN (AP) — The German government has presented a major package of reforms to boost the construction of renewable power as part of its efforts to meet its climate goals and become independent of energy imports from hostile nations such as Russia. The 600-page “Easter package” approved by Cabinet lays

By COREY WILLIAMS Associated Press DETROIT (AP) — A judge has ordered the demolition of the deteriorating Packard auto plant in Detroit, finding that it had become a public nuisance. Wayne County Circuit Court Judge Brian Sullivan wrote in a March 31 order that the plant’s Peruvian owner, Fernando Palazuelo, and his company, Arte Express

By JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court has reinstated for now a Trump-era rule that curtails the power of states and Native American tribes to block pipelines and other energy projects that can pollute rivers, streams and other waterways. In a 5-4 decision, the justices agreed to halt a lower court

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Vaccine experts are meeting to discuss the U.S. strategy for future COVID-19 booster campaigns. Key questions include how often the vaccines should be updated against new viral strains and who should get them. The Food and Drug Administration advisers won’t make any binding decisions during Wednesday’s

By THOMAS ADAMSON Associated Press PARIS (AP) — Luxury fashion brand Chanel says it will stop selling its clothes, perfumes and other luxury goods to Russian customers abroad if they plan to take the products back to the country. Some are calling the move a bold response to the invasion of Ukraine, while others say

By MATT SEDENSKY AP National Writer NEW YORK (AP) — A major report says American nursing home residents are subjected to ineffective care and poor staffing, and that facility finances are shrouded in secrecy and regulatory lapses go unenforced. The study out Wednesday from the National Academies of Sciences, Engineering, and Medicine is calling for

By AAMER MADHANI, SAMUEL PETREQUIN and JOSH BOAK Associated Press WASHINGTON (AP) — The United States has announced new sanctions targeting Russian President Vladimir Putin’s two adult daughters and says it is toughening penalties against Russian banks in retaliation for “war crimes” in Ukraine. The United Kingdom piled on asset freezes Wednesday against two major