Associated Press Headlines

House approves antitrust bill targeting Big Tech dominance
Marcy Gordon - AP - 27 mins ago

WASHINGTON (AP) — The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators. (full story)

NATO believes Baltic Sea gas pipeline leaks were sabotage
Jan M. Olsen - AP - 2 hrs 12 mins ago

COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to two natural gas pipelines in the Baltic Sea. (full story)

Wall Street drops back to lowest since 2020 as fear returns
Damian J. Troise, Stan Choe and Alex Veiga - AP - Thu Sep 29, 8:35PM UTC

NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets. (full story)

UK's Truss defends economic plan that sent pound tumbling
Jill Lawless and Danica Kirka - AP - Thu Sep 29, 6:21PM UTC

LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the , saying she’s willing to make “controversial and difficult decisions” to get the U.K. economy growing. (full story)

EXPLAINER: How do we know when a recession has begun?
Christopher Rugaber - AP - Thu Sep 29, 7:40PM UTC

WASHINGTON (AP) — The economy , the government confirmed in a report Thursday, underscoring fears of a broad-based slowdown that could lead to a recession. (full story)

US long-term mortgage rates up for 6th week; 30-year at 6.7%
AP - Thu Sep 29, 3:28PM UTC

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. (full story)

US economy drops at 0.6% annual rate from April through June
Paul Wiseman - AP - Thu Sep 29, 2:44PM UTC

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. (full story)

Germany to spend billions to tackle high energy prices
AP - Thu Sep 29, 2:37PM UTC

BERLIN (AP) — Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses as are pushing Europe's largest economy into a looming recession. (full story)

Fewer people seek US unemployment aid amid solid hiring
Christopher Rugaber - AP - Thu Sep 29, 1:27PM UTC

WASHINGTON (AP) — The number of Americans filing for jobless benefits dropped last week, a sign that despite high inflation and . (full story)

Porsche shares rise in one of Europe's largest market debuts
David Mchugh - AP - Thu Sep 29, 10:16AM UTC

FRANKFURT, Germany (AP) — Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the . (full story)