Business

NEW YORK (AP) – Stocks fell and bond yields rose on Wall Street on Thursday as investors reviewed the latest economic data and corporate earnings amid ongoing concerns about inflation and rising interest rates. The S&P 500 was down 1% as of 3:44 p.m. ET, on course for its second straight weekly loss. The Dow … Read more

The first of four men accused of a failed plan to build a biotechnology plant in Vermont using tens of millions of dollars in foreign investor money raised through a special visa program faces sentencing Thursday. William Stenger, 73, the former president of Jay Peak Ski Resort, pleaded guilty to providing false documents last August. … Read more

COLOMBO, Sri Lanka (AP) — Sri Lankans shared rice pudding and oil cakes to celebrate their traditional New Year Thursday opposite the president’s office, where they camped for a sixth day and called for his resignation amid the worst economic crisis on record. Soldiers disabled in the island nation’s civil war lit a stove, Buddhist … Read more

AUSTIN, Texas (AP) — Texas Gov. Greg Abbott on Wednesday resisted mounting pressure over his new border policy that has blocked trucks bound for the U.S. and closed some of the world’s busiest trade bridges, like the Mexican government, businesses and even some allies urge him to give way. The two-time Republican governor, who has … Read more

OLYMPIA, Wash. (AP) — E-cigarette giant Juul Labs will pay Washington state $22.5 million and has agreed to a series of reforms to limit its use and sale by minors in a statement Wednesday by the attorney general to prevent the agreement announced by Bob Ferguson. Ferguson filed a consumer protection lawsuit in September 2020, … Read more

LVIV, Ukraine (AP) – The detention in Ukraine of fugitive Ukrainian oligarch Viktor Medvedchuk, a former leader of a pro-Russian opposition party and a close confidant of Russian President Vladimir Putin, was greeted with enthusiasm in Kyiv and anger in Moscow. Analysts say Medvedchuk will become a valuable pawn in talks between Russia and Ukraine … Read more

COLOMBO, Sri Lanka (AP) – Sri Lankan Prime Minister Mahinda Rajapaksa on Wednesday offered to meet with protesters manning the entrance to the president’s office and said he would share their ideas on how to solve the economic, social and political crisis listen to the country. Protesters camped out for a fifth day demanding the … Read more

NEW YORK (AP) — JPMorgan Chase said its first-quarter profits fell 42% year over year, in part because the bank lost nearly $1.5 billion in assets due to higher inflation and the Russo-Ukrainian war – Dollar has written off. The country’s largest bank by assets said it posted profit of $8.3 billion, or $2.63 per … Read more

TOKYO (AP) – Asian stocks were mostly higher on Wednesday after new data showed that U.S. inflation, while still at a 40-year high, was not as bad as some analysts had expected. Benchmarks rose in Japan, South Korea, Hong Kong and Australia. US futures were also higher, while oil prices were little changed. Stocks fell … Read more

TOKYO (AP) – Asian stocks were mostly higher on Wednesday on hopes that restraints on US interest rates could ease after new data showed signs of slowing inflation. Benchmarks rose in early trade in Japan, South Korea and Australia while falling in China. Regional optimism was lifted by the easing of a COVID-19 lockdown in … Read more