AP National Business

By KIM TONG-HYUNG and HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — North Korea has imposed a nationwide lockdown to control its first acknowledged COVID-19 outbreak of the pandemic. It had held for more than two years to a widely doubted claim of a perfect record keeping out the virus that has spread to

WASHINGTON (AP) — The Senate has confirmed economist Phillip Jefferson to the Federal Reserve’s Board of Governors. Jefferson is the latest addition to the panel after delays and setbacks for President Joe Biden’s other nominees. He becomes fourth Black man to serve on the Fed’s board, and he would join Lisa Cook, the first Black

By BERNARD CONDON Associated Press NEW YORK (AP) — The lease to the Washington hotel run by Donald Trump’s family company while he was president has been sold to a Miami-based investor fund. The Trump Organization said Wednesday that it has completed the sale of rights to run the Trump International Hotel to CGI Merchant

By JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — The nation’s largest public utility plans to shut down a massive coal-fired power plant, but wants to replace it with natural gas. That would put the federal Tennessee Valley Authority out of step with President Joe Biden’s administration goal of a carbon-pollution-free energy sector by 2035.

By The Associated Press Spirit Airlines shareholders will vote next month on whether to accept a buyout offer from Frontier Airlines. Spirit said in a regulatory filing Wednesday that the vote will take place June 10. Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways.

By The Associated Press BURBANK, Calif. (AP) — The Walt Disney Co. missed Wall Street’s expectations for its fiscal second quarter, dinged by over $1 billion it paid in early termination fees for TV shows and films it wanted to use on its own streaming service. The remains in the crosshairs of Republican lawmakers and

By DEE-ANN DURBIN AP Business Writer Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell. The El Segundo, California, company said its revenue rose 1.2% to $109.5 million in the January-March period. That fell short of Wall Street’s forecast. Beyond Meat’s shares tumbled

The Associated Press Stocks fell on Wall Street Wednesday, led by more drops in technology companies, after a report on inflation came in worse than feared. The S&P 500 fell, the tech-heavy Nasdaq and the Dow Jones Industrial Average closed lower. Treasury yields initially jumped following the inflation report but later fell back. Wall Street

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Callaway, Alcon rise; Wendy’s, Fiverr International fall.

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

SAN FRANCISCO (AP) — Google on Wednesday took a big step toward pushing its Pixel product line-up down a road already paved by Apple and its array of trendsetting phones, tablets and watches. The internet giant’s latest additions to its six-year-old Pixel brand will include Google’s first smartwatch that draws on features and expertise it’s

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week. That includes its biggest one-day drop to date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter,

NEW YORK (AP) — New York City’s mayor is calling on the Biden administration to yank the federal firearms license of a Nevada company that sells parts and kits for ghost guns, firearms without serial numbers that have been increasingly turning up at crime scenes around the U.S. Mayor Eric Adams joined with gun control

By MATTHEW DALY Associated Press WASHINGTON (AP) — Democrats on the House Natural Resources Committee have asked the Justice Department to investigate whether a Trump administration interior secretary engaged in possible criminal conduct while helping an Arizona developer get a crucial permit for a housing project. David Bernhardt, who led the Interior Department from 2019

SAN FRANCISCO (AP) — Airbnb says it’s making the biggest changes in a decade to the way people search its site for short-term rental homes. Airbnb said Wednesday that it is adding more than 50 categories for searches. Currently, most people search Airbnb by entering dates and a location. Now they’ll be able to search

LONDON (AP) — Google says it struck licensing deals with 300 news publishers in Europe in its latest effort to comply with a recently introduced European Union copyright law. The tech giant signed the agreements with national, local and specialist news publications in Germany, Hungary, France, Austria, the Netherlands and Ireland. It said Wednesday that

Many people are puzzling what a Elon Musk takeover of Twitter would mean for the company and even whether he’ll go through with the deal.  If the 50-year-old Musk’s gambit has made anything clear it’s that he thrives on contradiction.  Musk boasts that he’s acquiring Twitter to defend freedom of speech. But he has long

By TOM KRISHER, MICHAEL LIEDTKE and ADAM GELLER Associated Press Many people are puzzling what a Elon Musk takeover of Twitter would mean for the company and even whether he’ll go through with the deal.  If the 50-year-old Musk’s gambit has made anything clear it’s that he thrives on contradiction.  Musk boasts that he’s acquiring

DALLAS (AP) — Southwest Airlines says it will spend more than $2 billion on changes to make flying on its planes more comfortable. The airline said Wednesday that it will add faster internet service, put power outlets at every seat and install larger overhead bins for carry-on bags. The changes won’t happen right away —

BANGKOK (AP) — Thailand’s public health minister says the government will distribute 1 million cannabis plants free when most legal restrictions on production and possession of the drug are lifted next month. Public Health Minister Anutin Charnvirakul, who spearheaded the country’s drive to decriminalize cannabis, signed a measure in February officially dropping cannabis from a

By The Associated Press The shutdown of a gas pipeline through Russian-held territory in Ukraine is sending a new wave of energy jitters through Europe. Ukraine’s pipeline system operator says it had to halt the flows through the pipeline because it no longer controls a key compressor station that’s in Russian hands. The move is

Kendall Nunamaker and her family of five in Kennewick, Washington, faced impossible math this month: how do they pay for gas, groceries and their mortgage with inflation driving up prices? Their struggle is increasingly common. The 8.5% jump in the consumer price index in March was the largest year-over-year increase since 1981, according to the

DETROIT (AP) — Hyundai is recalling more than 215,000 midsize cars in the U.S. _  most for a second time _ because fuel hoses can leak in the engine compartment and cause fires. The recall covers certain 2013 and 2014 Sonata sedans, many of which were recalled for the same problem in 2020. The Korean

Associated Press NEW YORK (AP) — Philip Morris will attempt to step further into the smoke-free tobacco market, offering to buy the chewing tobacco company Swedish Match for about $16 billion in cash. Swedish Match, based in Stockholm, makes nicotine pouches, chewing tobacco and moist snuff, among other products. It derives more than 65% of

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union’s executive arm has proposed requiring online platforms to detect and report the sharing of child sex abuse images on the internet. The regulation, which needs to be endorsed by member countries and the EU Parliament, would force companies operating in the EU to detect,