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The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.
The AP Business News supervisor can be reached at (800)-845-8450, ext. 1680.
IMF-GLOBAL ECONOMY — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. By Paul Wiseman and Fatima Hussein, according to the International Monetary Fund. SENT: 850 words, photos.
SMALL BUSINESS-CREDIT CRUNCH — Borrowing for small businesses was already constrained due to rising interest rates. Following the recent Silicon Valley Bank collapse, some banks – particularly the small and midsize banks that serve small businesses — may be forced to tighten credit further, since they’re seeing an outflow of deposits. By Mae Anderson and Anne D’Innocenzio. SENT: 900 words, photos.
Political Cartoons
AP POLL-ELECTRIC VEHICLES — Many Americans aren’t yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the history-making shift from the country’s century-plus love affair with gas-driven vehicles still has a ways to travel. By Tom Krisher, Matthew Daly and Hannah Fingerhut. SENT: 1,040 words, photo.
FINANCIAL MARKETS — Wall Street is drifting, with stocks and bonds making modest moves ahead of reports later in the week with the potential to move markets. By Stan Choe. SENT: 610 words, photos. UPCOMING: About 800 words by 4:30 p.m., photo.
TUPPERWARE-TROUBLES — Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange. By Matt Ott. SENT: 380 words, photo.
BERKSHIRE HATHAWAY-INVESTMENTS — Warren Buffett’s company has increased its investment in five Japanese trading houses. Buffett says Berkshire now owns 7.4% of those companies. By Josh Funk. UPCOMING: 350 words, photo.
TV-SO MANY SHOWS — Most shows used to kick off in the fall, air big episodes in November and February, and go out with a bang in May for sweeps. Network television still largely follows that model, but the streamers and premium cable competitors of the new guard tend to operate with different goals. Everyone wants to be fresh in the minds of Emmy voters. By Alicia Rancilio. SENT: 860 words, photos.
ARTIFICIAL-INTELLIGENCE-AUDITS — President Joe Biden’s administration wants stronger measures to test the safety of artificial intelligence tools such as ChatGPT before they are publicly released, though it hasn’t decided if the government will have a role in doing the vetting. By Matt O’Brien. SENT: 320 words, photo.
VOTING MACHINES-DEFAMATION CASE — A judge holds a final pretrial conference with attorneys ahead of what could be a dramatic trial to decide whether Fox News should be held liable for airing false allegations that Colorado-based Dominion Voting Systems rigged the 2020 presidential election against former President Donald Trump. By Randall Chase. ON MERITS.
NERDWALLET-MILLENNIAL MONEY-THERAPY MAKE RICHER — Investing in the stock market isn’t the only thing that may bring a financial return: Studies have found that seeking help from a therapist may lead to financial benefits. By Alana Benson of NerdWallet. SENT: 950 words, photo.
SWITZERLAND CREDIT SUISSE — Switzerland’s parliament opens a three-day special session to discuss event surrounding the Credit Suisse takeover by UBS and a broader look at possible further reforms as legislative elections loom this fall. By Jamey Keaten. SENT: 770 words, photos.
AUSTRALIA-CHINA — Australia has suspended a complaint to the World Trade Organization in a bid to reopen the Chinese market to Australian barley for the first time in three years. SENT: 520 words, photos.
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