NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors' fears that surging inflation could cut deeply into corporate profits.
NEW YORK (AP) — The bears are rumbling toward Wall Street.
The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers.
NEW YORK (AP) — The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again.
That dynamic has only been intensified in recent months as inflation jumps sharply, and the latest financial report from Target underscores the challenges.
While Europeans bask in the warmth of spring, governments are in a race against winter.
Europe is trying to cut use of Russian natural gas because of the war in Ukraine, but still find enough fuel to keep the lights on and homes warm before it gets cold again.
WASHINGTON (AP) — As President Joe Biden embarks for Asia on Thursday, he's facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia's invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
WASHINGTON (AP) — President Joe Biden on Wednesday invoked the Defense Production Act to speed production of infant formula and authorized flights to import supply from overseas, as he faces mounting political pressure over a domestic shortage caused by the safety-related closure of the country's largest formula manufacturing plant.
PHILADELPHIA (AP) — When Chandler Jones realized she was pregnant during her junior year of college, she turned to a trusted source for information and advice.
Her cellphone.
“I couldn’t imagine before the internet, trying to navigate this,” said Jones, 26, who graduated Tuesday from the University of Baltimore School of Law.
BRUSSELS (AP) — The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and faster rollout of renewable power.
WASHINGTON (AP) — COVID-19 cases are increasing in the United States — and could get even worse over the coming months, federal health officials warned Wednesday in urging areas hardest hit to consider reissuing calls for indoor masking.
DETROIT (AP) — The U.S. government's road safety agency has dispatched a team to investigate the possibility that a Tesla involved in a California crash that killed three people was operating on a partially automated driving system.
ALISO VIEJO, Calif. (AP) — He was known by all as simply Dr. John, the quiet, calm physician who mentored kids in kung fu, finding time between patient appointments to encourage people to learn self-defense.
EAGAN, Minn. (AP) — Mike Pettine has just begun working with the Minnesota Vikings, the assistant head coach on a staff busy implementing a fresh culture and installing new schemes under the direction of first-time head coach Kevin O'Connell.
KYIV, Ukraine (AP) — Nearly 1,000 last-ditch Ukrainian fighters who had held out inside Mariupol's pulverized steel plant have surrendered, Russia said Wednesday, as the battle that turned the city into a worldwide symbol of defiance and suffering drew toward a close.
JUNEAU, Alaska (AP) — Alaska lawmakers faced the end of the regular legislative session Wednesday, with a state spending package — and the size of this year's check to residents from Alaska's oil-wealth fund — not yet resolved.
KYIV, Ukraine — President Volodymyr Zelenskyy said Russia has already fired more than 2,000 missiles during its attack on Ukraine, which he said was a large part of its arsenal.
He said the majority of the missiles hit civilian infrastructure and brought no strategic military benefit.
CORYDON, Ind. (AP) — A southern Indiana police officer who fatally shot a stranded motorist who opened fire on him was justified in doing so, a prosecutor said Wednesday.
BUFFALO, N.Y. (AP) — On Saturday afternoon, a white gunman in body armor killed 10 Black shoppers and workers at a supermarket in Buffalo, New York.
UNITED NATIONS (AP) — With global hunger levels at a new high, the United Nations chief said Wednesday he is in "intense contacts” with Russia and other key countries hoping for an agreement to allow the export of grain stored in Ukrainian ports and ensure Russian food and fertilizer have unrestricted access to global markets.
UNITED NATIONS -- The United Nations chief said Wednesday he is in “intense contacts” with Russia and other countries to stop escalating global hunger exacerbated by the war in Ukraine by allowing the export of grain stored in Ukrainian ports and ensuring Russian food and fertilizers have unrestricted access to world markets.
The U.S. Soccer Federation has agreed to pay its men’s and women’s national teams equally in a historic move that was years in the making.
The collective bargaining agreements announced Wednesday include identical pay structures and equal distribution of World Cup prize money, something that had been a major sticking point.
JACKSON, Miss. (AP) — The Mississippi Bureau of Investigation has a new director, and the state Capitol Police have a new chief and assistant chief.
Gov. Tate Reeves and Department of Public Safety Commissioner Sean Tindell on Wednesday announced the hiring of the new employees in the department.
HARRISBURG, Pa. (AP) — Heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick spent Wednesday essentially tied in Pennsylvania's hotly contested race for the Republican nomination to fill an open U.S.
OMAHA, Neb. (AP) — A federal appeals court has ruled that details of some of the conversations between the nation's four largest railroads about their rates can now be included in lawsuits challenging billions of dollars they charged their customers, but the mixed ruling will also exclude some documents.
HARTFORD, Conn. (AP) — The Department of Justice has given the green light to National Guard members on active duty for their states to join labor unions, despite a U.S. law that makes it a felony for military personnel on active federal duty to unionize.
NASHVILLE, Tenn. (AP) — Tennessee's highest court ruled Wednesday that Republican Gov. Bill Lee's school voucher program does not violate the state's constitution, clearing the biggest hurdle for a program that would let families use taxpayer dollars on private schools.
The U.S. Soccer Federation reached milestone agreements to pay its men's and women's teams equally, making the American national governing body the first in the sport to promise both sexes matching money.
A look at what’s happening in European soccer on Thursday:
ENGLAND
Before the final round on Sunday, the Premier League has three games on tap that had been postponed earlier in the season.
A study examining diversity hiring practices finds Major League Baseball with rising gender scores but also a three-decade low for Black players on opening day rosters.
Wednesday’s report card from The Institute for Diversity and Ethics in Sport at Central Florida issued an overall grade of B-minus, with a B for racial hiring and a C-plus for gender hiring.
The hotel name Zoetry (in Zoetry Montego Bay Jamaica) has an umlaut mark over the letter “e.”
For some travelers, all-inclusive hotels conjure up images of flavorless food served under a heat lamp in lush and vibrant destinations where guests never actually leave the resort grounds.
RALEIGH, N.C. (AP) — Several state legislators won't be returning to the North Carolina General Assembly next January after primary losses, while former lawmakers had mixed results in trying to get back to the House or Senate.
RENO, Nev. (AP) — A federal judge has ruled the Trump administration acted illegally in 2020 when it withdrew an earlier proposal to list as threatened a hen-sized bird found only in the high desert along the California-Nevada line.
WASHINGTON (AP) — Congressional bargainers announced Wednesday that they have reached a deal on legislation to boost health care services and disability benefits for veterans exposed to toxic burn pits in Iraq and Afghanistan.