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U.S. Treasury Secretary Janet Yellen attends a press conference in Beijing, China, Monday, April 8, 2024. Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Americans and Chinese have been united in their interest in what Janet Yellen will eat next. (AP Photo/Tatan Syuflana)
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East. She's also pledging that the U.S. and its allies won’t hesitate to … more
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FILE - This May 18, 2021, photo shows a woman typing on a laptop on a train in New Jersey. Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. (AP Photo/Jenny Kane, File)
Business boom: Record numbers of people are starting up new small businesses
NEW YORK (AP) — Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. New business applications jumped in 2020 as … more
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FILE - Philip Jefferson, then-nominee to be a member of the Federal Reserve Board of Governors, listens during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Feb. 3, 2022, in Washington. Jefferson, now Federal Reserve Vice Chair, suggested Tuesday, April 16, 2024, that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. (Ken Cedeno/Pool via AP, File)
A top Federal Reserve official opens door to keeping rates high for longer
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated … more
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FILE - Wind turbines operate at an energy plant near Stetten, north of Kaiserslautern, Germany, as the sun rises on, March 19, 2024. According to a new report published Tuesday, April 16, 2024, last year, marked the best year for new wind projects. (AP Photo/Michael Probst, File)
2023 was a record year for wind installations as world ramps up clean energy, report says
The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the … more
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FILE - Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New York. UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance. The health care giant also Tuesday, April 16, that care patterns in the year’s first quarter met its expectations after soaring medical costs at the end of last year surprised Wall Street. (AP Photo/Patrick Sison, File)
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company’s performance. The health care giant also Tuesday … more
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FILE - People pose for a photograph next to an International Monetary Fund banner, during the World Bank/IMF spring meetings at IMF headquarters in Washington, April 11, 2023. The International Monetary Fund has upgraded its outlook for the global economy in 2024, saying the world appears headed for a "soft landing" — reining in inflation without much economic pain and producing steady if modest growth. (AP Photo/Jose Luis Magana, File)
IMF: Outlook for world economy is brighter, though still modest by historical standards
WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation … more
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FILE - This Tuesday, Jan. 14, 2014, file photo shows a Bank of America sign in Philadelphia. Bank of America said, Tuesday, April 16, 2024, its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates. (AP Photo/Matt Rourke, File)
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
NEW YORK (AP) — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates. … more
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Apple CEO Tim Cook, left, shakes hands with Vietnamese Prime Minister Pham Minh Chinh in Hanoi, Vietnam on Tuesday, April 16, 2024. The tech giant CEO is on a visit to Vietnam to promote cooperation and boost investment in the Southeast Asian nation. (Duong Van Giang/VNA via AP)
Apple CEO says that he wants to increase investments in Vietnam
HANOI, Vietnam (AP) — Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian … more
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FILE - Joe Biden, former Vice President, makes a visit to his childhood home in Scranton Pa., Oct. 23, 2019. President Joe Biden will return to his childhood hometown of Scranton on Tuesday, April 16, 2024, to kick off three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to crisscross the battleground state while Donald Trump spends the week in a New York City courtroom for his first criminal trial. (Jason Farmer/The Times-Tribune via AP, File)
Biden returns to his Scranton roots to pitch tax plan
WASHINGTON (AP) — President Joe Biden returns to his childhood hometown of Scranton on Tuesday to open three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to work … more
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In this photo released by Xinhua News Agency, German Chancellor Olaf Scholz, right, visits German company Covestro's Asia-Pacific Innovation Center in Shanghai, Monday, April 15, 2024. German Chancellor Olaf Scholz has called for fair competition in trade relations with China while warning about dumping and overproduction while speaking to students in Shanghai on Monday. (Fang Zhe/Xinhua via AP)
On a China visit, the German chancellor says Russia's invasion of Ukraine threatens global security
BEIJING (AP) — German Chancellor Olaf Scholz told Chinese leader Xi Jinping who hosted him in Beijing on Tuesday that Russia’s full-scale invasion of Ukraine threatens global security, in an … more
A facility that is set to be a plant for electric vehicles powered by all-solid-state batteries is seen during a media tour in Yokohama, Japan, Tuesday, April 16, 2024. Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by 2028, the company said Tuesday during a media tour of an unfinished pilot plant. (AP Photo/Yuri Kageyama)
Nissan says it will make next-generation EV batteries by early 2029
YOKOHAMA, Japan (AP) — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished … more
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FILE - Clouds hang over a home destroyed in a wildfire in Kula, Hawaii, Tuesday, Aug. 15, 2023. The Maui Fire Department is expected to release a report Tuesday, April 16, 2024, detailing how the agency responded to a series of wildfires that burned on the island during a windstorm last August. (AP Photo/Jae C. Hong, File)
Maui Fire Department to release after-action report on deadly Hawaii wildfires
HONOLULU (AP) — The Maui Fire Department is expected to release a report Tuesday detailing how the agency responded to a series of wildfires that burned on the island during a windstorm last August … more
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