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U.S. jobless claims hit lowest level in over 50 years

By Matt Ott, Associated Press

The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic.

Thousands of Sacramento teachers strike as Minneapolis walkout continues

By Steve Karnowski, Olga R. Rodriguez, Heather Hollingsworth, Associated Press

The California capital is the second major U.S. school district this month to see a work stoppage over pay and staffing shortages. In Minneapolis, teachers are in their third week of a strike.

Putin wants 'unfriendly countries' to pay rubles for gas exports

By Associated Press

Economists said the move appeared designed to try to support the ruble, which has collapsed against other currencies since Putin invaded Ukraine and Western countries responded with far-reaching sanctions against Russia.

Russia's war in Ukraine disrupts worldwide food prices and supply

By Stephanie Sy, Maea Lenei Buhre

The Black Sea region straddling Russia and Ukraine is known as the “breadbasket of Europe” because of the bounty from its fertile soil. But since the Russian invasion farmers have left those fields for safety or to take up arms,…

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Disney takes on balancing act as workers walk out in protest of Florida's anti-LGBTQ legislation

By Mike Schneider, Brendan Farrington, Associated Press

With some workers across the U.S. staging a walkout, The Walt Disney Co. finds itself performing a high-wire act of balancing the expectations of a diverse workforce against demands from an increasingly polarized and politicized marketplace.

SEC claims authority to subpoena Elon Musk over tweets

By Tom Krisher, Associated Press

The SEC disclosed publicly in documents filed Tuesday that it is investigating Musk's Nov. 6, 2021 tweets that asked followers whether he should sell 10 percent of his Tesla stake.

Russia court bans Facebook, Instagram over 'extremism' charges

By Associated Press

Prosecutors have accused the social media platforms of ignoring government requests to remove what they described as fake news about the military action in Ukraine.

SEC proposes new rules for companies to monitor climate risks

By Marcy Gordon, Associated Press

Under the proposals, public companies would have to report on their climate risks, including the costs of moving away from fossil fuels.

Powell says the Federal Reserve will hike further and faster if necessary

By Christopher Rugaber, Associated Press

His remarks caused a sharp drop in the stock market with its implication that potentially much higher rates could be on the way for mortgages, auto loans, credit cards and other consumer and business borrowing.

Saudi Arabia says it 'won't bear any responsibility' for high oil prices

By Isabel Debre, Associated Press

The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets.