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Business

Swings return to Wall Street, oil up after Russia sanctions

NEW YORK (AP) — Markets quivered Monday amid worries about how high oil prices will go and how badly the global economy will get hit after the U.S. and allies upped the financial pressure on Russia for its invasion of Ukraine. Stocks swung up and down several times, leaving the major ...

Bath & Body Works criticism a possible lesson: Charity CEO

The head of a civil rights nonprofit receiving donations from Bath & Body Works said she hopes the criticism of the company’s Black History Month collection becomes a learning experience. The maker of home and body fragrances caught some heat on social media earlier this month when it ...

Key inflation gauge hit 6.1% in January, highest since 1982

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. The figure reported ...

Drought, pesticides take a toll on Chile’s crucial honeybees

SANTIAGO, Chile (AP) — A drought has gripped Chile for 13 years and the flowers that fed Carlos Peralta’s honeybees around the central town of Colina have grown increasingly scarce. He said he had lost about 300 hives since the start of November and was left with a choice: try to keep the ...

Markets around the world shudder following Ukraine attack

NEW YORK (AP) — Stocks sank worldwide Thursday after Russia’s attack of Ukraine sent fear coursing through markets and threatened to push the inflation squeezing the global economy even higher. On Wall Street, the S&P 500 fell 1.1% to continue its dismal start of the year, though it ...

U.S. ports to get $450M to speed flow of goods, lower prices

WASHINGTON (AP) — Clogged U.S. ports are being given access to nearly $450 million in federal money from President Joe Biden’s infrastructure law as part of the administration’s recent stepped-up efforts aiming to ease supply chain congestion and lower prices for American ...