AP National Business

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous. On the one hand, turmoil in the banking sector and political battles over the government’s borrowing

By ELAINE KURTENBACH AP Business Writer Asian shares declined Wednesday, tracking losses on Wall Street as shares of beleaguered banks tumbled again and worries about the U.S. economy deepened. U.S. futures edged higher while oil prices were little changed. Investors are waiting for the Federal Reserve’s next move on interest rates. Wrapping up a two-day

By STEPHEN GROVES Associated Press WASHINGTON (AP) — The former top executives of two failed banks will testify before Congress this month. Lawmakers are digging into what caused a series of collapses at mid-sized financial institutions. The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank’s former

By BARBARA ORTUTAY AP Technology Writer In an about-face, Twitter says it has restored free access to a key tool for verified government and “publicly owned” services so they can tweet weather, transit and other alerts after New York City’s transit agency said earlier this week it would no longer use the platform for its

By TRÂN NGUYỄN Associated Press SACRAMENTO, Calif. (AP) — Big Tech companies such as Google and Meta might soon have to pay media outlets for posting and using their news content under a proposed California measure attempting to save local journalism. The bill, which cleared an important Assembly Judiciary Committee hearing Tuesday with bipartisan support,

By OLGA R. RODRIGUEZ Associated Press SAN FRANCISCO (AP) — Cash App founder Bob Lee died during surgery from stab wounds that pierced his heart and a lung, according to an autopsy report released Tuesday that also shows he had alcohol and drugs in his system. Doctors at San Francisco General Hospital tried for hours

By MICHAEL HILL Associated Press ALBANY, N.Y. (AP) — New York state is banning natural gas stoves and furnaces in most new buildings in an effort to reduce greenhouse gas emissions. The law negotiated by Gov. Kathy Hochul and her fellow Democrats in the Legislature is part of the state budget and puts New York

VANCOUVER, British Columbia — Equinox Gold: Q1 Earnings Snapshot

Associated Press CHICAGO (AP) — Federal jurors have convicted all four defendants of bribery conspiracy at their trial in Chicago that provided an inside look at pay-to-play politics in Illinois that prosecutors said involved the state’s largest electric utility and, at the time, one of its most powerful politicians. The verdicts Tuesday are a resounding

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford Motor Co. made $1.76 billion last quarter, swinging into the black from a $3.1 billion net loss for the same period a year ago. Excluding one-time items, Ford made 44 cents per share. That beat Wall Street estimates of 42 cents. Revenue rose 20% to

BURR RIDGE, Ill. — BankFinancial: Q1 Earnings Snapshot

By JAKE COYLE AP Film Writer NEW YORK (AP) — The first Hollywood strike in 15 years began Tuesday as the economic pressures of the streaming era prompted unionized TV and film writers to picket for better pay outside major studios, a work stoppage that already is leading most late-night shows to air reruns. “No

CALGARY, Alberta — Gran Tierra Energy: Q1 Earnings Snapshot

By MICHAEL RUBINKAM Associated Press Workers at a Pennsylvania chocolate factory smelled rotten eggs before a powerful natural gas explosion that leveled one building and heavily damaged another, killing seven people. That’s according to federal safety officials, who released a preliminary report on the March 24 blast. The National Transportation Safety Board’s five-paragraph account Tuesday

ENGLEWOOD, Colo. — Liberty Broadband: Q1 Earnings Snapshot

TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Mister Car Wash Inc. (MCW) on Tuesday reported first-quarter earnings of $21.1 million. The Tucson, Arizona-based company said it had net income of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share. The results fell short of Wall Street expectations.

TORONTO (AP) — TORONTO (AP) — Franco-Nevada Corp. (FNV) on Tuesday reported first-quarter net income of $156.5 million. On a per-share basis, the Toronto-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring gains, were 79 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed

By MIKE CORDER and LINDSAY WHITEHURST Associated Press THE HAGUE, Netherlands (AP) — Authorities in the U.S. and Europe arrested nearly 300 people, confiscated over $53 million, and seized a dark web marketplace as part of an international crack down on drug trafficking that officials say was the largest operation of its kind. The worldwide

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are falling Tuesday as shares of beleaguered banks tumble again and worries about the economy worsen. Rising fear has yields sinking in the bond market, while Wall Street waits for the Federal Reserve’s latest move on interest rates and Washington edges closer to what