DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic.
WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
NEW YORK (AP) — Stock indexes on Wall Street rose in choppy trading Wednesday afternoon following the release of minutes from the Federal Reserve's most recent interest rate policy meeting.
Asian stock markets mixed after Wall St sinks further
How major US stock indexes fared Tuesday
Closing prices for crude oil, gold and other commodities
Slumping technology stocks pull Wall Street lower
Asian shares mostly lower as inflation worries cloud outlook
Off the charts
More buyers opt for adjustable-rate mortgages as rates rise
Bonds, haven for elderly and cautious, are getting torched
Dollar surges to 2-decade high as investors seek refuge
Once Wall Street's stars, Big Tech falls back to Earth
Higher mortgage rates set stage for lower home sales
DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders.
Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default.
The U.S. Treasury Department led by Janet Yellen allowed a license to expire Wednesday that permitted Russia to keep paying its debtholders through American banks.
WASHINGTON (AP) — The Congressional Budget Office released an economic outlook Wednesday saying that high inflation will persist into next year, likely causing the federal government to pay higher interest rates on its debt.
Twitter's regularly scheduled shareholder meeting Wednesday didn't include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future.
Sri Lanka's prime minister tackles thorny finances, economy
Mexico's economy grew 1% in 1st quarter
Ford pays $19M to settle claims on fuel economy, payload
SC budget negotiators have almost $1B more to talk about
Food company to create more than 200 jobs in North Carolina
4 ways to protect your small business from cyberattacks
Man pleads guilty to misusing pandemic relief business loan
WVa woman selected as national small business person of year
Small businesses still struggle to find enough workers
Gov. Kelly vetoes local bans on plastic bags, straws
BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion.
WASHINGTON (AP) — The president of the Federal Reserve Bank of Kansas City, Esther George, said Wednesday that she will retire in January, as required by the Fed's mandatory retirement rules.
George, who has typically supported higher interest rates to ward off inflation — a “hawk,” in Fed parlance — spent 40 years at the Kansas City Fed and became president nearly 11 years ago.
Amazon shareholders on Wednesday voted down a proposal calling for an independent audit of working conditions at the e-commerce behemoth's warehouses.
The proposal's defeat at the Seattle-based company's annual shareholder meeting came despite calls from activist groups and unions to improve labor conditions at the warehouses where customer orders are sorted, packaged and shipped.
ANKARA, Turkey — A senior Turkish official has insisted after talks with Swedish and Finnish officials that Turkey will not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara’s objections.
The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a California law that would provide more rest and meal breaks than airline crews are guaranteed under federal rules.
INDIANAPOLIS (AP) — The Indiana Fever fired coach Marianne Stanley on Wednesday with the team off to a 2-7 start in her third season and promoted assistant Carlos Knox to interim coach.
Stanley, 68, brought a Hall of Fame resume to the Fever bench, but her teams won just 14 games in a little more than two seasons.
ANNAPOLIS, Md. (AP) — Top Maryland lawmakers said Wednesday that eliminating a scheduled gas-tax increase of more than 6 cents this summer won't solve the problem of high gas prices and would set back efforts to maintain infrastructure.
RALEIGH, N.C. (AP) — North Carolina government's most powerful Republican elected official threw his weight fully behind Medicaid expansion Wednesday, raising the stakes for an issue lingering in state politics for a decade that could result in hundreds of thousands of low-income adults getting insured.
INDIANAPOLIS (AP) — The Indianapolis 500 will be presented by Gainbridge for the next several years in a multi-year contract extension announced Wednesday with the online investment platform.
Gainbridge is an Indianapolis company that in 2019 became presenting sponsor of the most iconic motorsports race in the world.
KYIV, Ukraine (AP) — President Vladimir Putin issued an order Wednesday to fast track Russian citizenship for residents in parts of southern Ukraine largely held by his forces, while lawmakers in Moscow passed a bill to strengthen the stretched Russian army.
ISLAMABAD (AP) — Pakistani police have fired tear gas and scuffled with stone-throwing supporters of ousted Prime Minister Imran Khan ahead of planned marches Wednesday toward central Islamabad. The defiant former premier had called followers to rally outside Parliament to bring down the government and force early elections.
JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency on Wednesday proposed restrictions that would block plans for a copper and gold mine in Alaska's Bristol Bay region, the latest in a long-running dispute over efforts by developers to advance the mine in a region known for its salmon runs.
DES MOINES, Iowa (AP) — Iowa lawmakers ended their legislative session early Wednesday, about five weeks behind schedule because of a dispute over education spending.
The Senate and House adjourned just after midnight without reaching agreement on Gov.
PITTSBURGH (AP) — The Pittsburgh Steelers stayed in-house to find Kevin Colbert's replacement, promoting longtime executive Omar Khan to be the team's next general manager on Wednesday.
Khan signed a four-year deal to succeed Colbert, who is retiring at the end of the month following a hugely successful run that included two Super Bowl victories and an appearance in a third.
Scars of war seem to be everywhere in Ukraine after 3 months
KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city.
UVALDE, Texas (AP) — A Facebook spokesman says messages posted by the gunman who killed 19 children and two teachers at a Texas elementary school were private.
Andy Stone says the messages “were private one-to-one text messages that were discovered after the terrible tragedy.” He says Facebook is cooperating with investigators.
WASHINGTON (AP) — The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation's largest baby formula plant that prompted an ongoing shortage.
SEOUL, South Korea (AP) — North Korea test-launched a suspected intercontinental ballistic missile and two shorter-range weapons toward its eastern waters Wednesday, South Korea said, hours after President Joe Biden ended a trip to Asia where he reaffirmed the U.S.
KANSAS CITY, Mo. (AP) — A Missouri man will be laid to rest on Saturday, more than 80 years after he died in the 1941 attack on Pearl Harbor.
The U.S. Navy returned the remains of Seaman 1st Class Wilbur Francis Newton to Kansas City International Airport on Tuesday.
It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores.
But when the celebrations die down, a daunting hurdle remains: To win the changes they seek — like better pay and more reliable schedules — unionized stores must sit down with Starbucks and negotiate a contract.
COLUMBUS, Ohio (AP) — In June 2021, Gov. Mike DeWine ended Ohio's participation in a federal pandemic unemployment aid program ahead of a government deadline for stopping the payments.
ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara's objections.
LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full responsibility” for the breaches, he insisted he would not resign.
NEW YORK (AP) — New York City’s planned ban on the sale of foie gras is being challenged in court by two upstate farms that claim it would leave them financially devastated.
The two major foie gras producers, Hudson Valley Foie Gras and La Belle Farm, said the law enacting the ban set to go into effect Nov.
TEHRAN, Iran (AP) — Iran's Foreign Ministry summoned the chief of Greece's diplomatic mission for allegedly seizing cargo from a vessel flying the Iranian flag in Greek waters, state media reported Wednesday.
The families of four people — including three teens — who died in a February plane crash off the North Carolina coast are suing the companies that owned the plane and employed the pilot, who also died.
BISMARCK, N.D. (AP) — North Dakota oil producers almost certainly will be paying higher state taxes for at least three months beginning June 1 due to strong oil prices, the state tax commissioner said Wednesday.
JACKSON, Miss. (AP) — Mississippi's next State Health Officer is Dr. Daniel P. Edney, who will replace Dr. Thomas Dobbs on Aug. 1.
Dobbs is resigning from the post he's held since 2018 at the end of July.
Two administrative law judges say Minnesota natural gas utilities should be allowed to pass on an extra $660 million in costs related to storm damage to their customers.
The state Department of Commerce and Attorney General’s Office allege the utilities made critical mistakes in their gas procurement procedures during the February 2021 storm and because of the mismanagement, customers should not pay for the extra costs.
BOSTON (AP) —
Massachusetts has sued more than a dozen companies involved in the manufacture or marketing of so-called forever chemicals, alleging they knowingly polluted the environment and endangered public health, state Attorney General Maura Healey said Wednesday.
Pfizer said Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries.
SEATTLE (AP) — The Seattle City Council has approved an ordinance freeing up more than $1 million to be used to recruit police officers to a department that has lost hundreds of staffers in the last two years.
ANAHEIM, Calif. (AP) — The Anaheim City Council has voted to cancel the sale of Angel Stadium to Los Angeles Angels owner Arte Moreno amid a political scandal that led the mayor to resign.
The unanimous vote Tuesday directed the city attorney to void a 2020 agreement to sell the city-owned ballpark and 151 acres (61 hectares) as part of a plan to develop the land around it.
NEW YORK (AP) — Darren Walker, Ford Foundation president and preeminent connector and advocate for artists and art institutions, joined the exclusive company of global superstars like Stevie Wonder, T.S.
WOODBRIDGE, Va. (AP) — A 9-year-old girl was shot and critically wounded in northern Virginia on Tuesday night, police said.
Prince William County Police officers called to Gatehouse Terrace in Woodbridge around 6:40 p.m.
CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement just as closing arguments were set to begin in a seven-week trial over the opioid epidemic, Attorney General Patrick Morrisey said Wednesday.
CANNES, France (AP) — In David Cronenberg’s “Crimes of the Future,” in which an artist played by Viggo Mortensen has organs and tumors plucked from his body in performance art excavations, Kristen Stewart plays a timid bureaucrat swiftly turned passionate devotee.