AP National Business

By GARY D. ROBERTSON Associated Press RALEIGH, N.C. (AP) — A North Carolina-based semiconductor company says it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers. Wolfspeed Inc. announced on Friday that it plans to create 1,800 new jobs by the end of 2030 at a location in

KYIV, Ukraine (AP) — Poland’s prime minister says neighboring Ukraine is ready to supply his country with electricity and help reduce the use of coal for power generation in light of an anticipated energy crisis. Poland’s premier Mateusz Morawiecki and Latvia’s President Egils Levits were in Kyiv on Friday for talks with Ukraine’s president about

By HANNA ARHIROVA and YURAS KARMANAU Associated Press KYIV, Ukraine (AP) — Ukrainian forces on Friday claimed new success in their counteroffensive against Russian forces in the country’s east, taking control of a sizeable village and pushing toward an important transport junction. The United States’ top diplomat and the head of NATO noted the advances,

By DAVID KOENIG AP Airlines Writer Two key lawmakers want the government to investigate whether airlines used federal pandemic-relief money to encourage employees to quit. The lawmakers said Friday that taxpayers helped the airline industry during their darkest days at the start of the pandemic, and they deserve to know how the money was spent.

BERLIN (AP) — Environmentalists are claiming a small legal victory after a court in Germany said it would continue hearing a case brought by a farmer seeking to force automaker Volkswagen to end the sale of combustion engine vehicles. The plaintiff says drier soil and heavier rains due to climate change are harming his fields,

BERLIN (AP) — German gas importer VNG is seeking help from the government after cuts to Russian gas supplies forced it to buy gas at far higher prices on the market to fulfill its supply contracts. Energy company EnBW, which has a majority stake in VNG, said Friday that its subsidiary is submitting an application

By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are struggling to find full consensus on ways to shield the population from increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. The energy ministers of the EU’s 27 nations on

COPENHAGEN, Denmark (AP) — A Dutch coaster has sunk in the North Sea off western Denmark after colliding with another vessel. The Danish Navy said Friday that seven crewmembers from the Helge who had jumped into the sea have been rescued by helicopter and there are no reports of injuries. Details were sketchy about the

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street added to its recent gains Friday with a broad rally that broke the market’s three-week losing streak. The S&P 500 closed 1.5% higher, its third straight increase, and ended with a 3.7% gain for the week. That makes it the benchmark index’s best

By JOHN LEICESTER Associated Press LA CHAPELLE-SAINT-MESMIN, France (AP) — For the glassmakers at iconic French tableware brand Duralex, the mornings have become a horror show. Daily updates from energy traders drop into their email inboxes, showing the asphyxiating upward climb of prices for the natural gas and electricity that power their energy-devouring business. Before

By JULIE WATSON and JOHN ANTCZAK Associated Press SAN DIEGO (AP) — Southern Californians welcomed cooler temperatures and spotty rain Saturday from a tropical storm veering off the Pacific Coast days after a relentless heat wave nearly overwhelmed the state’s electrical grid. Officials braced for flooding in coastal and mountain areas and feared powerful winds

By AAMER MADHANI, JOSH BOAK and ANDREW WELSH-HUGGINS Associated Press NEW ALBANY, Ohio (AP) — President Joe Biden steered clear of partisan politics at Friday’s groundbreaking celebration for a huge new computer chip facility in Ohio — as a tough Senate contest in that state and a Democratic candidate seeking to distance himself from Biden

The Associated Press The stock market recovered from a midday stumble and ended higher, staying on track for its first weekly gain in four weeks. The S&P 500 rose 0.7% Thursday. The Nasdaq composite and the Dow Jones Industrial average also ended higher after bumpy rides of their own. Interest rate policies were in focus

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: AeroVironment, Asana rise; American Eagle, McCormick fall.

The Associated Press Benchmark U.S. crude oil for October delivery rose $1.60 to $83.54 a barrel Thursday. Brent crude for November delivery rose $1.15 to $89.15 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.35 a gallon. October heating oil fell 5 cents to $3.54 a gallon. October natural gas rose 8

By AMY TAXIN and DON THOMPSON Associated Press SANTA ANA, Calif. (AP) — An oil company on Thursday pleaded guilty in federal court to negligently discharging crude off the Southern California coast when its underwater pipeline ruptured last year, a spill that closed miles of shoreline and shuttered fisheries. Meanwhile, Houston-based Amplify Energy and two

WASHINGTON (AP) — The Federal Aviation Administration is going solar. The FAA said Thursday that it will pay nearly $4 million to install solar panels to create electricity for its air-traffic control and training center in Oklahoma City. The agency says the project will help it meet President Joe Biden’s order to reduce the environmental

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Major freight railroads, in a bid to apply pressure on unions and Congress, say a strike that could come after a key deadline passes next week would cost the economy more than $2 billion a day and disrupt deliveries of all kinds of goods and

Associated Press U.S. electric vehicle maker Rivian is partnering with Mercedes-Benz to build a factory in Europe that will produce electric vans for both companies. The companies announced a memorandum of understanding Thursday and plan to create a joint-venture to create the factory within a few years. The companies are looking to produce two large

By LORNE COOK Associated Press RAMSTEIN AIR BASE, Germany (AP) — NATO Secretary-General Jens Stoltenberg says Ukraine and its supporters face a tough winter. But he is urging the public in Western nations to keep faith in their efforts. Stoltenberg told The Associated Press on Thursday the war is at a critical point as Russia

BRUSSELS (AP) — Hundreds of cab drivers have clogged traffic in Brussels in an international demonstration against Uber.  The hail ride company is seen as unfairly distorting the market. The drivers want Belgian and European Union authorities to curb the spread of Uber and say the service does not face the tax burden and regulation

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment. On Thursday, Chair Jerome Powell suggested that

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — Some retailers are taking lobster off the menu after an assessment from an influential conservation group that the harvest of the seafood poses too much of a risk to rare whales and should be avoided. Whales can suffer injuries and fatalities when they become entangled in

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped again this week to their highest level in almost 14 years, certain to keep even more potential buyers out of a housing market that’s cooled considerably since the Federal Reserve began jacking up its benchmark borrowing rate. Mortgage buyer Freddie