The Wayback Machine - http://web.archive.org/web/20240515050131/https://apnews.com/business

Business

FILE - An AMC movie cinema is shown before opening Friday, Jan. 29, 2021, in Garland, Texas. (AP Photo/LM Otero, File)

Meme stocks are roaring again. This time may be different

GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply.

FILE - Safety cards in seat backs are seen on an Alaska Airlines Boeing 737 Max 9 aircraft awaiting inspection at the airline's hangar at Seattle-Tacoma International Airport Jan. 10, 2024, in SeaTac, Wash. The Justice Department says Boeing violated a settlement that let the company avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft. (AP Photo/Lindsey Wasson, File)

Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

FILE - Rubila Clemente waters green onions, on April 19, 2024, at Christopher Farm in Modoc, Ind. On Tuesday, May 14, 2024, the Labor Department releases producer prices data for April. (AP Photo/Joshua A. Bickel)

Wholesale price increases accelerated in April as inflation remains sticky

FILE - Federal Reserve Board Chair Jerome Powell appears before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington. Powell said Tuesday, May 14, that the central bank is unlikely to hike its key interest rate in response signs of stubborn inflation, and underscored his view that price increases would soon start to cool again. (AP Photo/Mark Schiefelbein, file)

Fed’s Powell downplays potential for a rate hike despite higher price pressures

President Joe Biden speaks in the Rose Garden of the White House in Washington, Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (AP Photo/Susan Walsh)

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

Financial Markets

The front of the New York Stock Exchange is adorned with signs for the tool maker DeWalt in honor of the 100th year anniversary of the company on Tuesday, May 14, 2024. Markets on Wall Street inched slightly higher ahead of the release of more inflation data from the U.S. government. (AP Photo/Peter Morgan)

Stock market today: Wall Street ends higher, sending Nasdaq to a record high

Personal Finance

FILE - Travelers walk through Miami International Airport on Nov. 22, 2023, in Miami. Experts say paying down debt and saving for a rainy day remain the safest things to do with your tax refund. Some consumers are spending the money, however, on things like travel and patio furniture.(AP Photo/Lynne Sladky, File)

Your tax refund could be bigger this year. Here’s what to do with it

Economy

A general view of the Bank of England in London, Thursday May 9, 2024. The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying about some key inflation measures. In a statement Thursday, the bank’s nine-member Monetary Policy Committee voted 7-2 to keep rates unchanged, with the 2 dissenters backing a quarter-point reduction. (Yui Mok/PA via AP)

British economy rebounds strongly in first quarter of the year, ending ‘technical recession’

Tech

FILE - The YouTube app is displayed on an iPad in Baltimore. YouTube has blocked access to videos of a protest song in Hong Kong, days after court approved an injunction banning the song in the city. (AP Photo/Patrick Semansky, File)

YouTube blocks Hong Kong protest anthem after court injunction bans song in the city

More news

Mexican citizens were traveling to work at a Florida farm when a pickup hit their bus, killing 8

Officials say Mexican citizens were among those going to work at a Florida watermelon farm when the bus they were traveling in was hit and crashed, killing eight people.

Latest US inflation report may provide clues to future path of prices and interest rates

It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soon?

Walmart lays off hundreds of employees and requires others to relocate

Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Fr

California to make $3.3 billion available for mental health, substance use treatment centers

California Gov. Gavin Newsom announced Tuesday the state will make $3.3 billion available by July for counties and private developers to start building more behavior health treatment centers.

Former NFL coach Jon Gruden loses Nevada high court ruling in NFL emails lawsuit

Former NFL coach Jon Gruden has lost a Nevada Supreme Court ruling in a contract interference and conspiracy lawsuit he filed against the league after he resigned from the Las Vegas Raiders in 2021.

How major US stock indexes fared Tuesday, 5/14/2024

Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5% Tuesday, and is sitting just shy of its own all-time high.

How Cannes works, from the standing ovations to the juries to the Palm Dog

The Cannes Film Festival is hallowed ground in cinema but understanding its unique landscape can be confounding.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery fell $1.10 to $78.02 per barrel Tuesday. Brent crude for July delivery fell 98 cents to $82.38 per barrel.

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year.

TikTok content creators sue the US government over law that could ban the popular platform

Eight TikTok content creators have sued the U.S. over the new federal law that would could ban the social media platform nationwide.

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year, after four decades leading the newspaper his family has owned since 1896.

US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico

The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.

8 watches owned by F1 great Michael Schumacher fetch more than $4 million at auction in Geneva

Eight watches belonging to auto racing icon Michael Schumacher sold Tuesday for nearly 4 million Swiss francs ($4.4 million) at a Geneva auction.

Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges

Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York.

Google unleashes AI in search, raising hopes for better results and fears about less web traffic

Google has rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links.

Feds urge people not to put decals on steering wheels after a driver is hurt by flying metal pieces

Federal auto safety regulators are warning people not to stick decals on their steering wheels because they can be hurled at drivers if the air bags inflate in a crash.

Here are the locations that Red Lobster is closing in the US

Red Lobster says it is closing nearly 50 of its restaurants in the U.S. The locations span across more than 20 states — cutting back on Red Lobster’s presence in cities like Denver, San Antonio, Indianapolis and Sacramento.

Red Lobster closes dozens of locations across the US just months after ‘endless shrimp’ losses

Dozens of Red Lobster locations across the U.S. are now on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off the contents of over 50 Red Lobster locations that were closed as part of the seafood chain’s “footprint rationalization.”

As Melinda French Gates leaves the Gates Foundation, many hope she’ll double down on gender equity

Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States.

Sony Group, The Container Store rise; Alibaba, Smart Sand fall, Tuesday, 5/14/2024

Stocks that traded heavily or had substantial price changes on Tuesday: Sony Group, The Container Store rise; Alibaba, Smart Sand fall.