By ELAINE KURTENBACH and MATT OTT AP Business Writers Wall Street inched lower ahead of the opening bell Friday and oil prices jumped after the U.S. and British militaries bombed Yemen in retaliation for Houthi attacks in the Red Sea that have disrupted international trade. Futures for the S&P 500 lost 0.3% and futures for
Continue ReadingBy TOM KRISHER and DAVID KOENIG AP Business Writers The Federal Aviation Administration says it will increase oversight of Boeing and audit production of the 737 Max 9 jetliner after a panel blew off an Alaska Airlines plane in midflight last week, the latest in a string of mishaps at the troubled aircraft maker. The
Continue ReadingBy KEN SWEET AP Business Writer NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal the lingering industry costs of last year’s banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. All
Continue ReadingSAN JUAN, Puerto Rico (AP) — Voters in St. Maarten have upheld the Dutch Caribbean territory’s main political party, the National Alliance, in general elections. Preliminary results released Friday say the party of the current prime minister won four of Parliament’s 15 seats. Officials reported a 65% voter turnout, with more than 22,500 people registered
Continue ReadingBy PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. wholesale inflation fell for a third straight month in December, further evidence that price pressures in the economy are easing. The government’s producer price index — which tracks inflation before it reaches consumers — declined 0.1% from November to December. Measured year over year, producer
Continue ReadingBy COURTNEY BONNELL and GRAHAM DUNBAR Associated Press LONDON (AP) — The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports. The deal was announced Friday by the IOC and Budweiser maker Anheuser-Busch InBev for the
Continue ReadingBy SAMYA KULLAB Associated Press KYIV, Ukraine (AP) — British Prime Minister Rishi Sunak unveiled new military funding for Ukraine on Friday during a visit to Kyiv aimed at reassuring the country that the West is still providing support nearly 23 months after Russia’s invasion. The package, worth 2.5 billion pounds ($3.2 billion) over the
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires. The collection happens as IRS leadership tries to promote the latest work it has done to modernize the agency with Democrats’ Inflation Reduction Act funding. Republicans are threatening to chip away
Continue ReadingSPOFFORD, Texas (AP) — A Texas Department of Public Safety helicopter patrolling the state’s border with Mexico has crashed, injuring at least one person. DPS Lt. Chris Olivarez says in a statement on X, former known as Twitter, that the helicopter crashed Thursday night near Spofford in Kinney County while patrolling the Texas border near
Continue ReadingBy JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels vowed fierce retaliation Friday for American and British strikes against them, further raising the prospect of a wider conflict in a region already beset by Israel’s war in Gaza. The bombardment — launched in response to a recent campaign of drone
Continue ReadingPARIS (AP) — French President Emmanuel Macron’s office says new Prime Minister Gabriel Attal held his first Cabinet meeting on Friday with one motto: “work, work, work.” The 34-year-old Attal leads a relatively small team of 14 ministers who gathered around Macron at the French presidential palace. The government will be reinforced within days by
Continue ReadingBy COURTNEY BONNELL and DAVID McHUGH AP Business Writers LONDON (AP) — The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that’s delaying shipments and raising transport costs. The
Continue ReadingLONDON (AP) — Burberry, the London-based luxury goods fashion house, lost around 10% of its market value on Friday after it warned that profits this year would be lower than anticipated. It said wealthy shoppers, particularly in the Americas, tightened their belts during the crucial Christmas trading period. The company said its recent trading had
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By Mark Morales, CNN (CNN) — The families of victims who were killed or injured in a 2022 shooting attack at a Buffalo, New York, supermarket will meet with Justice Department officials ahead of a previously scheduled status hearing, an attorney representing victims’ families says. On May 14, 2022, a White gunman killed 10 people
Continue ReadingCOPENHAGEN, Denmark (AP) — Norway’s government says Anders Behring Breivik, a right-wing extremist who killed 77 people in 2011, remains dangerous and should stay in solitary confinement. Breivik is suing the government, saying his human rights are being violated. The government’s lawyer said Friday, the last day of a five-day hearing, that there is nothing
Continue ReadingBy Paradise Afshar and Taylor Romine, CNN (CNN) — An investigation is underway to figure out why a US Navy helicopter crashed this week into San Diego Bay during routine training, Navy officials said. All six crew members got a medical evaluation after the incident Thursday around 6:40 p.m. – almost two hours after sunset – the military branch said in a
Continue ReadingBy ANIRUDDHA GHOSAL Associated Press HANOI, Vietnam (AP) — Indonesia and Vietnam agreed to cooperate on fisheries on Friday as Indonesian President Joko Widodo met Vietnam’s President Vo Van Thuong on Friday. The two countries signed an agreement to cooperate in the fisheries sector, but the text of the agreement wasn’t made public but experts
Continue ReadingBy HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — Russian tourists going on a ski trip will be the first international travelers to visit North Korea since the country’s borders closed in 2020 amid the global pandemic lockdown. A report on Russia’s state-run Tass news agency said an unspecified number of tourists from the
Continue ReadingBy COLLIN BINKLEY AP Education Writer WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it’s
Continue ReadingBy JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — U.S.-led airstrikes on Yemen’s Houthi rebels in response to their attacks on Red Sea shipping pulled the world’s focus Friday back on the yearslong war raging there, even as tensions rise across a Middle East already torn by Israel’s war on Hamas in the
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