AP Business SummaryBrief at 3:49 p. m. EDT
What's offside? And all your other World Cup questions, answeredThere's a lot to know about this World Cup, and there are no dumb questions. We're here to help. This World Cup has prompted some questions we. . .
What's offside? And all your other World Cup questions, answeredThere's a lot to know about this World Cup, and there are no dumb questions. We're here to help. This World Cup has prompted some questions we simply can’t answer for you. Can anyone stop Messi? Does Merlin the duck like wearing that jersey? What happens if the Congo’s statue fan has to sneeze? That said, if you’re a first-time soccer watcher still confused by all this footie, we've got you covered on free kicks, hydration breaks, stoppage time. It's “offside,” not “offsides. ” The clock doesn't stop. The difference between a penalty kick and a free kick has to do with where a foul happens. US airlines are redesigning travel around their highest-paying passengersAmerica’s biggest airlines are expanding their premium cabins and adding more luxury perks to attract high-paying passengers. Experts say airline competition for customers who are willing to pay comfortable seats, chef-designed food and access to exclusive airport lounges has accelerated since the end of the COVID-19 pandemic. Analysts say first-class, business-class and premium-economy seats now generate a disproportionate share of airline revenue. Critics say the new era of luxury travel is widening the gap between premium and economy passengers. The CEO of United Airlines has argued that the industry isn't just courting big spenders but working to improve the experience of all travelers. Trump says Walmart cut prices at his request, but Walmart statement omits administration's roleWASHINGTON (AP) — President Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement. Trump faces backlash over inflation, which rose after his tariffs and the Iran war's impact on energy costs. He blames Democrats for the ongoing issue. In a social media post Monday, Trump says Walmart lowered prices at his request to celebrate the nation's 250th birthday. However, Walmart's statement describes the cuts as a seasonal strategy, with no mention of government interaction. Inflation has climbed 4. 2% over the past year, higher than the rate Trump inherited. Wall Street banks are sky-high about SpaceX, but investors remain cautiousNEW YORK (AP) — Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk’s rocket market appear to be earthbound. Many of the investment firms that underwrote SpaceX’s initial public offering issued their first research notes about the company Tuesday, and almost all recommended that investors buy the stock and forecast it to trade above $200 in the next 12 to 18 months. But after topping $200 in its first week of trading, the stock is trading around $152 per share, just above where it opened on June 12, its IPO day. Investors may be looking cautiously at the same factors that have Wall Street so enthusiastic. AI stocks resume their drops and drag markets lower worldwideNEW YORK (AP) — The roller-coaster ride for AI stocks is snapping lower again and weighing on Wall Street. The S&P 500 fell 0. 3% Tuesday, even though the majority of stocks within the index rose. The drops for stocks in the artificial-intelligence industry dragged the Nasdaq down 0. 6%, while the Dow Jones Industrial Average dipped 153 points. The weakness began in Asia, where Samsung Electronics tumbled 6. 9% in Seoul despite offering what analysts called a strong forecast for upcoming results. AI stocks worldwide have been under pressure because of worries their prices shot too high. Stocks also felt pressure from rising oil prices. Three tankers hit in the Strait of Hormuz as US revokes license authorizing sale of Iranian oilDUBAI, United Arab Emirates (AP) — Three tankers were struck by projectiles in the Strait of Hormuz. The British military on Tuesday announced the latest attacks targeting vessels moving through the fuel-shipping waterway that is central to negotiations seeking a permanent end to the war between the U. S. and Iran. Hours later, the U. S. revoked a license that had authorized the sale of Iranian oil. The Treasury issued the 60-day license last month, waiving sanctions on Iranian oil as part of an interim agreement to end the fighting. The fresh attacks threatened to choke off the flow of traffic in the strait just as countries hoped to restore normal shipping practices and ease the global economic strain of the war. Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court rulingNEW YORK (AP) — A former Democratic commissioner of one of the country’s top civil rights agencies has dropped a lawsuit challenging her dismissal by President Donald Trump. Jocelyn Samuels cited a recent Supreme Court ruling that dramatically enhanced the president’s power over independent agencies. Trump’s unprecedented dismissal of two Democratic commissioners from the Equal Employment Opportunity Commission cleared the way for his shake-up of civil rights enforcement. The EEOC moved forward with aspects of that plan Monday, releasing a regulatory agenda that would end annual collection of workplace demographic data and rescind guidance warning that it may be discriminatory to require workers to exclusively use English. Alberta and Ontario propose a pipeline to carry western Canada's oil to the eastTORONTO (AP) — The premiers of Alberta and Ontario have proposed a pipeline to carry western Canadian oil to the country's east as Canada seeks new markets. Alberta's premier says the proposed pipeline would run from Hardisty, Alberta, to Sarnia, Ontario, carrying up to 500,000 barrels of oil a day with potential for up to 800,000 barrels. Smith says the corridor could eventually be extended to Canada’s Atlantic coast, opening the door to oil exports to Europe. Ontario Premier Doug Ford says the pipeline would be a sound investment regardless of whether it is publicly or privately financed. A feasibility study is planned. South Korean law targeting 'fake news' takes effect as journalists' groups raise concernsSEOUL, South Korea (AP) — South Korea is enforcing a law that allows steep punitive damages against news outlets and social media influencers for spreading false information as journalist groups warned it could chill public discourse and invite censorship. The law that took effect Tuesday allows courts to award damages of up to five times the proven losses against news organizations and large social media channels, such as including YouTube creators, that circulate illegal, false or manipulated information to cause harm or generate profit. Distributors in addition could be fined $656,000 for repeating falsehoods. Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrightsHONG KONG (AP) — A debate over use of traditional Chinese symbols has cropped up after a court ordered a Chinese tea chain to pay the French luxury brand Louis Vuitton $1. 5 million over copyright infringement claims. Chinese state-media and individuals are questioning if the four-petal flower from the fashion house’s 130-year-old signature monogram can be traced back to ancient China, with some accusing Louis Vuitton of “monopolizing” traditional Chinese patterns. A Chinese court in recently ruled that the logo of Molly Tea, a Chinese tea chain, infringed Louis Vuitton’s four-petal flower design in its monogram trademark and ordered the tea company to pay 10. 3 million yuan to the French company, according to local media. Top Stories on WDRB. comCopyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.