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Stock market today: Wall Street rises, and Dow leaps on hopes for no more rate hikes

NEW YORK (AP) — Stocks are gaining ground Tuesday after an encouraging report on U.S. inflation sent waves of relief through Wall Street. The S&P 500 was 1.9% higher and near its best level in two months. The Dow Jones Industrial Average was up 476 points, or 1.4%, as of 1:12 p.m. Eastern time, and …

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At summit, Biden aims to show he can focus on Pacific amid crises in Ukraine, Mideast and Washington

SAN FRANCISCO (AP) — President Joe Biden is looking to use this week’s summit of Asia-Pacific leaders to show world leaders the United States has the gumption, attention span and money to focus on the region even as it grapples with a multitude of foreign and domestic policy crises. Biden’s highly anticipated meeting with Chinese …

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Nepal bans TikTok and says it disrupts social harmony

KATHMANDU, Nepal (AP) — Nepal’s government decided to ban the popular social media app TikTok on Monday, saying it was disrupting “social harmony” in the country. The announcement was made following a Cabinet meeting. Foreign Minister Narayan Prakash Saud said the app would be banned immediately. “The government has decided to ban TikTok as it …

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Hyundai joins Honda and Toyota in raising wages after auto union wins gains in deals with Detroit 3

South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay …

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New ‘joint employer’ rule could make it easier for millions to unionize – if it survives challenges

A new federal rule that goes into effect next month could make it easier for millions of workers to form unions at big companies like McDonald’s. But it’s already facing significant pushback from businesses and some members of Congress. The rule — announced late last month by the National Labor Relations Board –- sets new …

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Long-haul carrier Emirates opens Dubai Air Show with $52 billion aircraft purchase from Boeing

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel’s war with Hamas clouds regional security. Its low-cost sister airline, FlyDubai, followed up with an $11 …

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For news organizations, the flood of Gaza war video is proving both illuminating and troubling

NEW YORK (AP) — A camera livestreaming the skyline of Gaza City captures streaks of light. Dash-cam video from a car in Israel spots a killer coming into view. A satellite identifies tank tracks in the dirt, and a mall security camera catches the moment a bomb in Gaza detonates. While journalists’ access to the …

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Stock market today: Asian shares are mostly lower in quiet trading ahead of Biden-Xi meeting

HONG KONG (AP) — Shares edged lower Monday in quiet trading in Asia ahead of a meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping. Tokyo advanced but other markets were little changed, edging lower. Oil prices fell. Biden and Xi are due to meet on the sidelines of the Asia …

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Donald Trump Jr. returning to stand as defense looks to undercut New York civil fraud claims

NEW YORK (AP) — Foiled in their longshot bid for an early verdict, Donald Trump’s lawyers will start calling witnesses of their own Monday in the New York civil fraud trial that threatens the former president’s real estate empire. First up: Donald Trump Jr., who’ll be returning to the witness stand two weeks after state …

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The APEC summit is happening this week in San Francisco. What is APEC, anyway?

WASHINGTON (AP) — The United States is hosting the annual APEC summit of world leaders this week for the first time since 2011. Leaders from the 21-member Asia-Pacific Economic Cooperation group will gather in San Francisco to talk about how to better spur trade and economic growth across the Pacific region. But the main summit …

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