AP National Business

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: JPMorgan, UnitedHealth Group rise; Kroger, Chevron fall.

The Associated Press Benchmark U.S. crude oil for November delivery fell $3.50 to $85.61 a barrel Friday. Brent crude for December delivery fell $2.94 to $91.63 a barrel. Wholesale gasoline for November delivery fell 7 cents to $2.63 a gallon. November heating oil fell 11 cents to $3.98 a gallon. November natural gas fell 29

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Atlanta Federal Reserve President Raphael Bostic has acknowledged that many of his financial trades and investments violated the central bank’s ethics rules. He says corrected all five years of his financial disclosures since becoming president in 2017. Bostic said the trades were made by several investment

BERLIN (AP) — The European Investment Bank says the world’s top development banks provided more than $80 billion last year to help countries tackle climate change, passing a goal they set in 2019. The EIB said Friday it and seven other financial institutions committed almost $50.7 billion to low- and middle-income countries and over $31

By KEN SWEET AP Business Writer NEW YORK (AP) — Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise. The moves clear big regulatory hurdles for a deal that will push U.S. Bank closer to the size of Wall Street’s mega banks. The regulators stipulated in

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — The European Union’s energy commissioner says natural gas from undersea deposits in the eastern Mediterranean can help replace Russia’s supply of the fossil fuel to Europe. Commissioner Kadri Simson told a conference in the Cypriot capital, Nicosia, on Friday that the region can play an increasingly

By JEFF AMY Associated Press ATLANTA (AP) — Workers have begun loading radioactive fuel into a new nuclear reactor in Georgia. The announcement Friday by utilities means the first new nuclear reactor built in decades in the United States is on track to begin generating electricity in coming months. Georgia Power says workers will transfer

MADRID (AP) — European Union police agency Europol says Spanish police have dismantled an organized crime group believed to have been running Europe’s biggest “narco-bank,” used to launder the proceeds from drug trafficking. Europol says the group, composed mainly of Syrians, operated out of a Spanish town and provided financial services to gangs linked to

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things. Retail sales were flat last month, down from a revised. 0.4% growth in August. The Commerce Department

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Dolly Parton laughs at the idea that she is some sort of secret philanthropist. Sure, social media sleuths did piece together this week that the country superstar had been quietly paying for the band uniforms of many Tennessee high schools for years. And yes, it

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Dolly Parton proudly accepted the Carnegie Medal of Philanthropy at Gotham Hall Thursday night, saying she was “proud and honored to be a part of anything that is going to make the world a better place.” The country superstar was celebrated along with Dallas entrepreneur

By MATT OTT AP Business Writer WASHINGTON (AP) — Wells Fargo easily beat Wall Street’s third-quarter revenue forecasts as higher interest rates helped offset a steep decline in home lending. The nation’s biggest mortgage lender brought in $19.5 billion in revenue for the period, thanks to $12.1 billion in net interest income, a 36% increase

By MICHELLE CHAPMAN AP Business Writer The Beyond Meat executive charged with biting a man’s nose during a fight last month has left the plant-based meat company. The El Segundo, California, company said in a regulatory filing that its Chief Operating Officer Doug Ramsey left Beyond Meat on Friday. Beyond Meat had suspended Ramsey last

By ALEXANDER TURNBULL Associated Press PARIS (AP) — Continuing strikes at TotalEnergies group refineries in France are seriously disrupting fuel supplies as the left-wing CGT union has rejected a deal over a pay increase. Two other unions, the CFDT and CFE-CGC which represent a majority of the group’s French workers, agreed overnight with TotalEnergies on

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — What keeps driving inflation so high? The answer, it seems, is nearly everything. Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed out of the pandemic recession two years ago. Then it was a surge in consumer spending fueled

By TOM MURPHY AP Health Writer UnitedHealth trumped third-quarter expectations and hiked its 2022 forecast again as one of the largest U.S. health insurance providers moved deeper into delivering care. The health care giant said Friday that it booked 17% revenue growth from its Optum segment, which runs doctors offices and clinics as well as

By DAVID PITT Associated Press DES MOINES, Iowa (AP) — The U.S. Department of Agriculture on Friday proposed sweeping changes in the way chicken and turkey meat is processed that are intended to reduce illnesses from food contamination but could require meat companies to make extensive changes to their operations. Despite decades of efforts to

By COLLEEN LONG Associated Press IRVINE, California (AP) — President Joe Biden is highlighting his administration’s efforts to lower prescription drug costs on Friday as part of his three-state Western tour this week, as he confronts a sobering inflation report in the waning weeks before midterm elections.Biden visited a community college in Irvine, California, to

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan says Turkey and Russia have instructed their respective energy authorities to immediately begin technical studies on a Russian proposal that would turn Turkey into a gas hub for Europe. Russian President Vladimir Putin has floated the idea of exporting more gas

By DANICA KIRKA and JILL LAWLESS Associated Press LONDON (AP) — Embattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on a major part of her tax-cutting economic plan Friday as she struggled to hang on to her job after weeks of turmoil on financial markets. But the market response was

By RANDALL CHASE Associated Press DOVER, Del. (AP) — A lawyer for billionaire Elon Musk had barely begun speaking during a recent hearing when the Delaware judge presiding over Twitter’s lawsuit against Musk abruptly cut her off. “Skip the rhetoric and go to the meat,” Chancellor Kathaleen St. Jude McCormick said bluntly. The judge’s tone