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Business & Tech

US urges meat companies to ensure they don’t use child labor

OMAHA, Neb. (AP) — The Biden administration is urging U.S. meat processors to make sure children aren't being illegally hired to perform dangerous jobs at their plants. The call comes after an investigation found more than 100 kids working overnight for a company that cleans ...

Airline stocks shares fall on American’s so-so 1Q outlook

FORT WORTH, Texas (AP) — Airline stocks tumbled Wednesday after American Airlines issued a lackluster outlook that appeared to amplify fears that travel demand, which has surged for the past year, could finally be slowing in the face of inflation and economic uncertainty. American said it ...

Zelenskyy calls for confiscating Russian Central Bank funds

WASHINGTON (AP) — In an appeal to the heads of the IMF and World Bank, Ukraine's president on Wednesday renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine. "To charge the aggressor with compensation for damages," Ukrainian ...

Bank turmoil led Fed officials to forecast fewer rate hikes

WASHINGTON (AP) — Turmoil in the banking system after two major banks collapsed led many Federal Reserve officials to envision fewer rate increases this year out of concern that banks will reduce their lending and weaken the economy. The heightened uncertainty surrounding the banking sector ...

Stocks dip after inflation data, Fed economists’ warning

NEW YORK (AP) — Stocks dipped to close an up-and-down Wednesday on Wall Street following the latest update on inflation and the latest warning of a possible recession. The S&P 500 fell 16.99, or 0.4%, to 4,091.95 after drifting between small gains and losses through the day. The Dow ...

Stiff EPA emission limits to boost US electric vehicle sales

WASHINGTON (AP) — The Biden administration is proposing stiff new automobile pollution limits that would require up to two-thirds of new vehicles sold in the U.S. to be electric by 2032, a nearly tenfold increase over current electric vehicle sales. The proposed regulation, announced ...