Latest Business News

Ex-Twitter execs deny pressure to block Hunter Biden story

Feb. 08, 2023 15:44 PM EST

WASHINGTON (AP) — Former Twitter executives conceded Wednesday they made a mistake by blocking a story about Hunter Biden, the president’s son, from the social media platform in the run-up to the 2020 election, but adamantly denied Republican assertions they were pressured by Democrats and law...

Another $237M granted to Honda battery plant project in Ohio

Feb. 08, 2023 15:40 PM EST

COLUMBUS, Ohio (AP) — Ohio's privatized economic development office has finalized an agreement with Honda to infuse another $237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle...

Biden rallies workers in Wisconsin after big speech

Feb. 08, 2023 15:29 PM EST

DeFOREST, Wis. (AP) — Fresh from his State of the Union address, President Joe Biden rallied supporters in Wisconsin on Wednesday, preparing for an expected reelection announcement this spring and trying to shore up the backing of working-class voters who have edged away from Democrats in recent...

Closing prices for crude oil, gold and other commodities

Feb. 08, 2023 15:28 PM EST

Benchmark U.S. crude oil for March delivery rose $1.33 to $78.47 a barrel Wednesday. Brent crude for April delivery rose $1.40 to $85.09 a barrel. Wholesale gasoline for March delivery was unchanged at $2.46 a gallon. March heating oil fell 1 cent to $2.89 a gallon. March natural gas...

Pine Tree Power supporter seeks to stop public vote on debt

Feb. 08, 2023 15:26 PM EST

AUGUSTA, Maine (AP) — A supporter of a proposal to create a consumer-owned electric utility is suing to stop a separate popular vote that could stymie the effort by restricting long-term debt needed to buy out the existing utilities. The lawsuit filed Monday asks a judge to reverse...

Stocks fall on Wall Street, giving back recent gains

Feb. 08, 2023 15:24 PM EST

NEW YORK (AP) — Stocks are falling on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign. The S&P 500 was 1.2% lower in afternoon trading following another mixed set of earnings reports from big...

Stella Jean quits Milan Fashion Week over lack of inclusion

Feb. 08, 2023 15:11 PM EST

MILAN (AP) — The only Black designer belonging to Italy’s fashion chamber withdrew Wednesday from this month’s Milan Fashion Week, alleging a lack of support for diversity and inclusion after the chamber “abandoned” a project to promote young designers of color working in Italy. ...

Will Ferrell, Alicia Silverstone star in Super Bowl ads

Feb. 08, 2023 14:58 PM EST

NEW YORK (AP) — The Super Bowl is advertising's biggest, glitziest stage. Big name advertisers from Netflix to Google are paying as much as $7 million for a 30-second spot during the big game on Sunday, in order to capture the attention of the roughly 100 million viewers who tune...

More than 200 discarded shotguns found in Oklahoma dumpster

Feb. 08, 2023 14:16 PM EST

MIDWEST CITY, Okla. (AP) — An Oklahoma firearms dealer is under investigation after more than 200 shotguns were found in a dumpster outside a store he owns in suburban Oklahoma City, according to a search warrant by the federal Bureau of Alcohol, Tobacco and Firearms. “A Midwest...

In new role, Sanders demands answers from Starbucks' Schultz

Feb. 08, 2023 14:15 PM EST

WASHINGTON (AP) — As Vermont Sen. Bernie Sanders settles into his new role as chairman of the Senate committee that oversees health and labor issues, he says some corporations “should be nervous.” And the longtime liberal crusader’s first target is Howard Schultz, the interim CEO of...