AP Business

Wells Fargo agrees to pay $1 billion to settle shareholders’ …

FILE - A Wells Fargo bank sign hangs outside a window on Jan. 13, 2021, in New York. A judge on Tuesday, May 16, 2023, granted preliminary approval of a deal under which Wells Fargo will pay $1 billion to settle a class-action lawsuit filed by shareholders. The shareholders alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal that came to light in 2016. (AP Photo/Mark Lennihan, File)

Top AP Business Headlines

Stock market today: Wall Street weakens as energy stocks, …

FILE - A street sign is seen in front of the New York Stock Exchange in New York, Tuesday, June 14, 2022. AP Photo/Seth Wenig, File)

Debt Ceiling: Deal possible by end of week, McCarthy says; …

FILE - House Speaker Kevin McCarthy, of Calif., listens during a news conference in the Rayburn Room at the Capitol in Washington, May 11, 2023. (AP Photo/Nathan Howard, File)

Biden plan to sell land leases for conservation gets pushback

FILE - Cattle graze along a section of the Missouri River that includes the Upper Missouri River Breaks National Monument near Fort Benton, Mont., on Sept. 19, 2011. A Biden administration proposal would allow the sales of conservation leases on federal lands to restore degraded habitat. (AP Photo/Matthew Brown, File)

IRS moves forward with free e-filing system in pilot program …

FILE - The Internal Revenue Service 1040 tax form for 2022 is seen on April 17, 2023. The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all. After months of research, the IRS published a feasibility report on Tuesday, May 16, 2023, laying out taxpayer interest in direct file, how the system could work, its potential cost, operational challenges and more. (AP Photo/Jon Elswick, File)

NJ total gambling revenue up 9.5% in April but in-person …

A dealer conducts a game of roulette at the Tropicana casino in Atlantic City, N.J., on May 12, 2022. New Jersey's casinos, racetracks that accept sports bets and their online partners won $462.7 million in April, an increase of 9.5% from a year earlier. That figure includes winnings from internet and sports betting operations. But the amount won on-premises by physical casinos fell by 1.6% to $231.4 million. (AP Photo/Wayne Parry)

‘Taco Tuesday’ trademark tiff flares anew between fast …

FILE - A sign hangs at a Taco Bell on May 23, 2014, in Mount Lebanon, Pa. Declaring a mission to liberate "Taco Tuesday" for all, Taco Bell asked U.S. regulators Tuesday, May 16, 2023, to force Wyoming-based Taco John's to abandon its longstanding claim to the trademark. (AP Photo/Gene J. Puskar, File)

More AP Business

Biden vetoes bid by Congress to reinstate tariffs …

FILE - Solar panels work at the DTE O'Shea Solar Park in Detroit, Nov. 16, 2022. President Joe Biden vetoed on May 16, 2023, a congressional resolution that would have reinstated tariffs on solar panel imports from Southeast Asia, settling for now a long-running dispute over whether to punish China for trade violations that bypass U.S. rules limiting imports of cheap solar panels from Asia. (AP Photo/Paul Sancya, File)

Monopoly concerns push FTC to sue to block Amgen’s …

FILE - This photo shows signage outside the Amgen headquarters in Thousand Oaks, Calif on Nov. 9, 2014. Federal regulators are suing to block biotech drug developer Amgen’s more than $26 billion deal for Horizon Therapeutics. The Federal Trade Commission said Tuesday, May 16, 2023, that the deal, announced last December, would give Amgen unfair leverage to block competition for Horizon medications. (AP Photo/Mark J. Terrill, File)

Rain-swollen rivers flood some towns in north Italy; …

This photo provided by the Italian Firefighters shows firefighters rescuing a person from a flooded house in Riccione, in the northern Italian region of Emilia Romagna, Tuesday, May 16, 2023. Unusually heavy rains have caused major flooding in Emilia Romagna, where trains were stopped and schools were closed in many towns while people were asked to leave the ground floors of their homes and to avoid going out. (Vigili del Fuoco via AP)

Retail sales up 0.4% in April, buoyed by solid job …

A shopper peruses a mountain bicycle on display in a Costco warehouse Wednesday, May 10, 2023, in Sheridan, Colo. On Tuesday, the Commerce Department releases U.S. retail sales data for April. (AP Photo/David Zalubowski)

EU countries adopt law banning products which fuel …

FILE - Cut down trees lie near the limit of the Cordillera Azul National Park, Peru's Amazon, on Oct. 3, 2022. The 27 European Union countries have formally adopted new rules that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods. (AP Photo/Martin Mejia, File)

Crypto rules get final approval to make Europe a …

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states on Tuesday, giving the bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules, known as Markets in Crypto Assets, or MiCA, in the final step in the 27-nation bloc's legislative process. (AP Photo/Kin Cheung, File)

Home Depot sees first annual sales decline in more …

FILE - Cars are parked at a Home Depot in Philadelphia, on Sept. 21, 2022. After years of explosive growth during the pandemic, Home Depot's revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares skidding before the opening bell Tuesday May 16, 2023. (AP Photo/Matt Rourke, File)