Business News

Hospitals face crisis over COVID relief money

Musk: Doubt about spam could scuttle Twitter deal

Walmart profit hit as inflation hits lower earners

JetBlue goes hostile in bid for Spirit Airlines

Buttigieg sends $5B to cities for road safety

States struggle to replace fossil fuel tax revenue

Pilots at United will vote on contract after tentative deal

World shares advance despite losses on Wall Street

Musk paused deal over fake users. Here's why.

The Associated Press
EXPLAINER: 'Neutral' Europe recedes as NATO set to expand
Finland and Sweden are inching closer to joining NATO
May 15, 2022

26 minutes ago

Live updates | Ukraine hopes for Mariupol fighter exchange

Ukraine’s deputy defense minister expressed hope on Tuesday that the 264 Ukrainian fighters extracted from the Azovstal steel mill in Mariupol will be exchanged for Russian prisoners of war

26 minutes ago

In this photo taken from video released by the Russian Defense Ministry Press Service on Tuesday, May 17, 2022, wounded Ukrainian servicemen lay in a bus as they are being evacuated as they are being evacuated from the besieged Azovstal steel plant in Mariupol, Ukraine. More than 260 fighters, some severely wounded, were pulled from a steel plant on Monday that is the last redoubt of Ukrainian fighters in the city and transported to two towns controlled by separatists, officials on both sides said. (Russian Defense Ministry Press Service via AP)

36 minutes ago

FAA to let United use jets grounded after engine failure

Federal safety officials are moving to let United Airlines resume using about 50 planes that have been grounded since the engine of one of them blew apart over Denver last year

36 minutes ago

FILE - In this July 18, 2018, file photo, United Airlines commercial jets sit at a gate at Terminal C of Newark Liberty International Airport in Newark, N.J. Federal safety regulators have approved steps that will let United Airlines resume using dozens of Boeing 777 jets that have been grounded since the engine on one plane blew apart over Denver last year. The Federal Aviation Administration on Tuesday, May 17, 2022, confirmed that it has approved steps necessary for flights to resume using the planes, which have engines made by Pratt & Whitney. (AP Photo/Julio Cortez, File)

1 hour ago

Nearly 43,000 people died on US roads last year, agency says

Nearly 43,000 people were killed on U.S. roads last year

1 hour ago

World shares advance despite losses on Wall Street

Stocks rose in afternoon trading on Wall Street Tuesday as investors review an encouraging report on retail sales and a mixed batch of earnings from several big retailers

1 hour ago

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 17, 2022. Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. (AP Photo/Kin Cheung)

1 hour ago

UK raises stakes in EU feud with threat to break Brexit deal

The British government says it will pass a law to scrap parts of the trade treaty it signed with the European Union less than two years ago

1 hour ago

Britain's Prime Minister Boris Johnson with a Mark 3 shoulder launch LML (Lightweight Multiple Launcher) missile system, at Thales weapons manufacturer in Belfast, Monday May 16, 2022, during a visit to Northern Ireland. Johnson said there would be “a necessity to act” if the EU doesn't agree to overhaul post-Brexit trade rules that he says are destabilizing Northern Ireland's delicate political balance. Johnson held private talks with the leaders of Northern Ireland's main political parties, urging them to get back to work. (Liam McBurney/Pool via AP)

2 hours ago

Carnage, livestreamed: Tech platforms' role in mass killings

These days, mass shooters don’t stop with planning out their physical attacks.

2 hours ago

Wayne Jones, left, looks on as his aunt JoAnn Daniels, holds a photograph of his mother Celestine Chaney, who was killed in Saturday's shooting at a supermarket, during an interview with The Associated Press in Buffalo, N.Y., Monday, May 16, 2022. (AP Photo/Matt Rourke)

2 hours ago

Walmart profit hit as inflation afflicts low-wage earners

Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain

2 hours ago

FILE - A Walmart employee helps a customer outside the Walmart store in Philadelphia, Wednesday, Nov. 17, 2021. Walmart reported stronger sales for the fiscal first quarter, Tuesday, May 17, 2022, but its profits took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a still snarled global supply chain. (AP Photo/Matt Rourke, File)

2 hours ago

Retail sales rise 0.9% in April as consumers show resilience

U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high

2 hours ago

Customers walk to a Trader Joe's market, Aug. 13, 2019, in Cambridge, Mass. Employees of a Trader Joe's grocery store in Hadley, Massachusetts have joined the surge of food service and retail workers nationwide trying to join a union to better their working conditions and benefits. (AP Photo/Charles Krupa, File)

2 hours ago

FDA clears COVID booster shot for healthy kids ages 5 to 11

U.S. regulators have authorized a COVID-19 vaccine booster for healthy children ages 5 to 11

2 hours ago

FILE - A nurse holds a vial of the Pfizer COVID-19 vaccine for children ages 5 to 11, right, and a vial of the vaccine for adults, which has a different colored label, at a vaccination station in Jackson, Miss., Tuesday, Feb. 8, 2022. U.S. regulators authorized a COVID-19 booster shot for healthy 5- to 11-year-olds on Tuesday, May 17, 2022, hoping an extra vaccine dose will enhance their protection as infections once again are on the rise. (AP Photo/Rogelio V. Solis, File)

3 hours ago

Conspiracy theorists flock to bird flu, spreading falsehoods

An outbreak of avian flu is forcing farmers to cull their flocks and leading to concerns about even higher food prices

3 hours ago

Musk: Doubt about spam accounts could scuttle Twitter deal

Musk wants proof that less than 5% of the accounts on the platform are fake.

3 hours ago

FILE - Part of the Twitter page of Elon Musk is seen on the screen of a computer in Sausalito, Calif., on Monday, April 25, 2022. The Tesla CEO gave the strongest hint yet Monday, May 16, 2022, that he would like to pay less for Twitter than his $44 billion offer made the previous month. (AP Photo/Eric Risberg, File)

3 hours ago

Ukraine's crowdfunding aims to keep donors' interest in war

Ukraine is marrying some digital marketing tools with crowdfunding and other incentives for giving to keep global attention trained on its war efforts against the Russian invasion

3 hours ago

In this image taken from Zoom video, Mykhailo Fedorov, vice prime minister of Ukraine and minister of digital transformation, speaks during an interview with The Associated Press, from Kyiv, Ukraine, Wednesday, May 11, 2022. (AP Photo)

4 hours ago

Censure vote vs. Sri Lankan leader fails as crisis simmers

Sri Lanka’s governing party has defeated a move in Parliament to urgently debate a motion that would censure President Gotabaya Rajapaksa for the nation’s worst economic crisis

4 hours ago

May 17

AP Exclusive: Black Lives Matter has $42 million in assets

A new, 63-page IRS tax filing shared exclusively with The Associated Press shows the Black Lives Matter Global Network Foundation Inc. ended its last fiscal year with nearly $42 million in net assets

May 17

D'Zhane Parker, left, Cicley Gay, center, and Shalomyah Bowers pose for a portrait on Friday, May 13, 2022, in Atlanta. (AP Photo/Brynn Anderson)

May 17

Spain, Morocco reopen land border crossings as ties improve

The land borders between Spain and Morocco at Spain’s North African enclave cities of Ceuta and Melilla have reopened after being closed for more than two years because of the COVID-19 pandemic and later a diplomatic crisis between the two countries

May 17

FILE - Moroccans, including many who have been in the Spanish enclave of Ceuta since before the border crisis, wait at the border to return voluntarily to their home country, Thursday, May 20, 2021. The land borders between Spain and Morocco at Ceuta and Melilla, Spain’s North African enclave cities, have begun to reopen on Tuesday, May 17, 2022 after being closed for just over two years because of the COVID-19 pandemic and later a diplomatic crisis between the two countries. (AP Photo/Bernat Armangue, File)

May 17

Home Depot overcomes slow start to year, rising home prices

Home Depot’s fiscal first-quarter sales improved even as the chain faced a slower start to spring, and it raised its full-year guidance

May 17

Yellen warns Europeans about working with China, urges unity

Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen is warning that they also must take a wary and united approach to checking China and its business practices

May 17

U.S Treasury Secretary Janet Yellen, right, talks to Holocaust survivor, Marian Turski, while attending a wreath-laying ceremony in front of the Ghetto Heroes Monument in Warsaw, Poland, Monday, May 16, 2022. (AP Photo/Michal Dyjuk)

May 17

New US hospitals face fiscal crisis over COVID relief money

A handful of U.S. hospitals are facing a financial crisis that officials say was caused by the federal government's rules for pandemic relief money

May 17

A man walks through the lobby of Thomasville Regional Medical Center in Thomasville, Ala., on Tuesday, May 3, 2022. The hospital is among three in the nation that say they are missing out on federal pandemic relief money because they opened during or shortly before the COVID-19 crisis began. (AP Photo/Jay Reeves)

May 17

New US hospitals face fiscal crisis over COVID relief money

A handful of U.S. hospitals are facing a financial crisis that officials say was caused by the federal government's rules for pandemic relief money

May 17

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

May 17

May 16

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

May 16

Buffett's firm reveals new stakes in Paramount, Citigroup

Warren Buffett’s company has revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks

May 16

FILE - Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Buffett's company on Monday, May 16, 2022, revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. (AP Photo/Nati Harnik, File)

May 16

Biden offers logistics support to ease formula shortage

President Joe Biden's administration has announced new steps to ease the national shortage of baby formula, including allowing more imports from overseas

May 16

President Joe Biden speaks in the Rose Garden of the White House in Washington, Friday, May 13, 2022, during an event to highlight state and local leaders who are investing American Rescue Plan funding. (AP Photo/Andrew Harnik)

May 16

Musk hints at paying less for Twitter than his $44B offer

Tesla CEO Elon Musk has given the strongest hint yet that he would like to pay less for Twitter than his $44 billion offer made last month

May 16

Federal Election Commission deadlocks, won't punish Trump

The Federal Election Commission has decided not to take action against former President Donald Trump after commissioners deadlocked over whether his campaign broke the law by masking how it was spending cash during the 2020 campaign

May 16

Former President Donald Trump speaks at a rally at the Delaware County Fairgrounds, Saturday, April 23, 2022, in Delaware, Ohio, to endorse Republican candidates ahead of the Ohio primary on May 3. (AP Photo/Joe Maiorana)

May 16

Judge: California's women on boards law is unconstitutional

A Los Angeles judge has ruled that California’s landmark law requiring women on corporate boards is unconstitutional

May 16

FILE - Then-California Gov. Jerry Brown talks during an interview in Sacramento, Calif., on Dec. 18, 2018. When former Gov. Brown signed the nation's first law requiring that women sit on corporate boards of publicly traded companies, he suggested it might not survive legal challenges. Three years later, a judge will begin hearing evidence on Wednesday, Dec. 1, 2021, in Los Angeles Superior Court that could undo a law that has already been credited with giving more women a seat in boardrooms. (AP Photo/Rich Pedroncelli, File)

May 16

BNSF tweaks attendance rules but unions still complain

BNSF railroad is tweaking its strict new attendance policy

May 16

FILE- A BNSF rail terminal worker monitors the departure of a freight train, on June 15, 2021, in Galesburg, Ill. BNSF railroad is tweaking its strict new attendance policy, but the unions that have challenged the rules that took effect in February say the changes don't go far enough. The railroad told employees that starting next month it will make several small changes in the formula it uses to determine whether workers are missing too many shifts, but unions say the rules still do too much to encourage workers to show up when they are sick or fatigued and they have contributed to more than 700 employees leaving the railroad at a time when BNSF is struggling to hire. (AP Photo/Shafkat Anowar, File)

May 16

Stocks end mostly lower, extending losing streak for S&P 500

Stocks ended another wobbly day mostly lower on Wall Street Monday, extending a losing streak for markets

May 16

In this photo provided by the New York Stock Exchange, trader James MacGilvray works on the floor, Friday, May 13, 2022. Stocks rallied on Wall Street Friday, but not enough to claw back all the losses the market has taken in this volatile week of trading. (Courtney Crow/New York Stock Exchange via AP)

May 16

JetBlue goes hostile in its bid for Spirit Airlines

It is asking Spirit shareholders to reject a $2.9B acquisition by Frontier.

May 16

A Frontier Airlines aircraft flying over Gloster City, N.J., approaches Philadelphia International Airport, Oct. 22, 2021. Spirit Airlines' board still supports Frontier Airlines' $2.9 billion takeover bid for the airline, saying it determined JetBlue's competing $3.6 billion offer isn't a superior proposal. Last month Spirit said that after speaking with financial and legal advisers, its directors believed JetBlue’s offer could “reasonably” turn out to be the better of the two deals. But on Monday, May 2, 2022 the company announced that it was determined that JetBlue's offer “is not reasonably capable of being consummated." (AP Photo/Matt Rourke)

May 16

Once a powerful symbol in Russia, McDonald's withdraws

Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s

May 16

FILE - Hundreds of Muscovites line up outside the first McDonald's restaurant in the Soviet Union on its opening day, in Moscow, Wednesday, Jan. 31, 1990. Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s. It was the first American fast-food restaurant to enter the Soviet Union. But now, McDonald's is temporarily closing its 850 restaurants in Russia in response to the Ukraine invasion. (AP Photo, File)

May 16

How major US stock indexes fared Monday

Stocks ended another wobbly day mostly lower on Wall Street Monday, extending the market's losing streak

May 16

JetBlue, Vulcan Materials fall; Carvana, ManTech rise

Stocks that traded heavily or had substantial price changes Monday: JetBlue, Vulcan Materials fall; Carvana, ManTech rise

May 16

A Bezos-Biden squabble: Can corporate taxes tame inflation?

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” and “misdirection.”

May 16

FILE - Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington, Sept. 19, 2019. Bezos became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” and “misdirection.” The White House quickly retorted Monday, May 16, 2022, that Bezos “opposes an economic agenda for the middle class.” (AP Photo/Pablo Martinez Monsivais, File)

May 16

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

May 16

Macron names Elisabeth Borne as France's new prime minister

Elisabeth Borne has been appointed France’s new prime minister

May 16

FILE - French Junior Minister for Ecology and Solidarity Elisabeth Borne leaves the Elysee Palace after the weekly cabinet meeting, in Paris, Wednesday, Sept. 5, 2018. France's president Emmanuel Macron appoints Elisabeth Borne as the country's new prime minister, Monday May 16, 2022. (AP Photo/Christophe Ena, File)

May 16

Passenger, cargo trains collide in Spain; 1 killed, 85 hurt

A cargo train has smashed into a rush-hour passenger train in Catalonia, killing an engineer and injuring 85 people

May 16

Starbucks to cover travel for workers seeking abortions

Starbucks says it will pay travel expenses for U.S. employees to access abortion or gender-confirmation procedures if those services aren't available within 100 miles of a worker’s home

May 16

FILE - A sign at a Starbucks location in Havertown, Pa., is seen April 26, 2022. Starbucks says it will now offer employees enrolled in its health care plan reimbursement for eligible travel expenses when accessing abortion or gender-affirming procedures, when those services are not available within 100 miles of a worker’s home. The Seattle coffee chain said Monday, May 16, 2022 that the benefit will also be available to dependents of employees enrolled in its health care coverage. (AP Photo/Matt Rourke, file)

May 16

Bank of England governor rejects criticism on inflation

Bank of England Gov. Andrew Bailey has rejected criticism that the institution didn’t move quickly enough to quash inflationary pressures

May 16

FILE - Andrew Bailey, Governor of the Bank of England, addresses the media on the Monetary Policy Report at the Bank of England in London, May 5, 2022. Bank of England Gov. Andrew Bailey on Monday May 16, 2022, rejected criticism that the institution didn’t move quickly enough to quash inflationary pressure, telling a parliamentary committee that monetary policymakers weren’t able to predict wars. (AP Photo/Frank Augstein, Pool, File)

May 16

De-Arching: McDonald's to sell Russia business, exit country

McDonald’s says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people

May 16

FILE - This June 25, 2019, photo shows the sign outside a McDonald's restaurant in Pittsburgh. McDonald’s said higher U.S. menu prices and easing COVID restrictions elsewhere helped offset troubled markets like China and Russia in the first quarter. The Chicago-based burger giant said Thursday, April 28, 2022 its revenue rose 11% to $5.66 billion in the January-March period. (AP Photo/Gene J. Puskar, File)

May 16

EU's Russia sanctions effort slows over oil dependency

The European Union's efforts to impose new sanctions on Russia over the war in Ukraine appear to have bogged down

May 16

Canadian minister of foreign affairs Mélanie Joly and European Union foreign policy chief Josep Borrell arrive for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, May 16, 2022. European Union foreign ministers on Monday will discuss current affairs and have an exchange of views on the Russian aggression against Ukraine and the Global Gateway. (AP Photo/Olivier Matthys)

May 16

'Wagatha Christie' offers her side in whodunnit libel case

The woman known to British tabloid readers as Wagatha Christie has testified about the sleuthing techniques that led to her nickname

May 16

Coleen Rooney arrives at the Royal Courts Of Justice in London, Friday May 13, 2022. A trial involving two soccer spouses, one of whom publicly called out the other for allegedly leaking her private social media posts to a British tabloid newspaper, opened last Tuesday in London. Rebekah Vardy, 40, sued for libel after Coleen Rooney, 36, accused her of sharing the Instagram content with The Sun newspaper in October 2019. (Yui Mok/PA via AP)

May 16

Serbia's capital Belgrade paralyzed by numerous bomb threats

Belgrade has been targeted with a series of bomb threats, including threats against schools, bridges, restaurants and the airport

May 16

Johnson: UK will act on Northern Ireland rules if EU won't

Prime Minister Boris Johnson has renewed British threats to break a Brexit agreement with the European Union, blaming it for a political crisis that’s blocking the formation of a new government

May 16

Demonstrators protest outside Hillsborough Castle, ahead of a visit by British Prime Minister Boris Johnson, in Hillsborough, Northern Ireland, Monday, May, 16, 2022. Johnson on Monday renewed British threats to break a Brexit agreement with the European Union, blaming it for a political crisis that's blocking the formation of a new government in Northern Ireland. (AP Photo/Peter Morrison)

May 16

Live updates | Hungary to resist sanctions on Russian oil

Hungary’s prime minister has insisted that his country will not support any sanctions on Russian oil that would negatively affect Hungary’s energy security

May 16

A building damaged by multiple shelling stands in Kharkiv, Ukraine, Sunday, May 15, 2022. (AP Photo/Bernat Armangue)

May 16

In US, states struggle to replace fossil fuel tax revenue

Major energy producing states from Alaska to Pennsylvania are reaping a windfall from soaring oil and natural gas prices, stoked by the war in Ukraine and the U.S.-led ban on Russian oil imports

May 16

FILE - Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, N.M., one of the most active regions of the Permian Basin. Government budgets are booming in New Mexico. The reason behind the spending spree — oil. New Mexico is the No. 2 crude oil producer among U.S. states and the top recipient of U.S. disbursements for fossil fuel production on federal land. But a budget flush with petroleum cash has a side effect: It also puts the spotlight on how difficult it is for New Mexico and other states to turn their rhetoric on tackling climate change into reality. (AP Photo/Jeri Clausing, File)

May 16

Sweden ends neutrality, joins Finland in seeking NATO berth

Sweden will follow neighboring Finland and apply for NATO membership.

May 16

Prime Minister Magdalena Andersson receives media attention prior to the parliamentary debate on the Swedish application for NATO membership, in Stockholm, Monday, May 16, 2022. Sweden's lawmakers debate about applying for NATO membership, paving the way for a historic expansion of the alliance that could deal a serious blow to Russia. (Henrik Montgomery/TT News Agency via AP)

May 16

EU cuts forecast for economic growth as war's fallout widens

The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies

May 16