BIRMINGHAM, England (AP) — The U.K. government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows.
NEW YORK (AP) — Stocks on Wall Street rallied to their best day in months on Monday after falling bond yields eased some of the pressure that’s been battering markets.
The S&P 500's leap of 2.6% was its biggest since July, the latest swing for a scattershot market that’s been mostly falling this year on worries about a possible global recession.
The long list of celebrities promoting cryptocurrencies just got shorter. Kim Kardashian is being barred from doing so for three years — and will pay a $1 million fine -- to settle federal charges that she recommended a crypto security to her 330 million Instagram followers without making clear that she was paid to do so.
UK's Truss sticks by economic plan as her party worries
How major US stock indexes fared Monday 10/3/2022
Closing prices for crude oil, gold and other commodities
UK train strikes and energy hikes add to a week of turmoil
Stocks end September down 9.3%, worst month since March 2020
Off the charts
Homeowners see slower equity gains as housing market cools
Rare bear market in bonds strips investors of safe haven
Service sector remains strong despite inflation's grip
When autumn leaves start to fall, will Wall Street follow?
Food commodity prices slim down over the summer
Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship.
NEW YORK (AP) — Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
DETROIT (AP) — New vehicle sales in the U.S. are expected to have fallen slightly in the third quarter, even with improvement in September. But there are warning signs that consumers' appetite for expensive new cars, trucks and SUVs may be waning.
NEW YORK (AP) — Apple Music is about to cross a huge milestone, offering its eye-and-ear-popping 100 millionth song on the streaming service.
The music giant tells The Associated Press that internal data indicates Apple Music will reach the heady mark on Monday.
Weak yen, higher costs weigh on Japan business sentiment
This Week: Job openings, Levi Strauss earns, hiring snapshot
Israeli leader welcomes US plan for sea border with Lebanon
What the war in Ukraine means for Asia's climate goals
Nigerians mark independence anniversary ahead of key poll
'Big impact': UK economic chaos, pound plunge hit businesses
US has sent $8.28 billion in pandemic funds to local lenders
Low-interest loans available following storms in WVa
As small businesses raise prices, some customers push back
Octogenarian brothers make popular hand-drawn posters
Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks?
The Tesla billionaire's reputation for dismissing government pronouncements has some worried that he might flout an unfavorable ruling of the Delaware Court of Chancery, known for its handling of high-profile business disputes.
CELIKHAN, Turkey (AP) — Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun.
The 19-year-old, who hopes to study electronic engineering, has undertaken the strenuous work to help support his family and pay for books he needs to prepare for the university entrance exam.
WASHINGTON (AP) — The Supreme Court says it won’t intervene in a lawsuit in which Dominion Voting Systems accused MyPillow chief executive Mike Lindell of defamation for falsely accusing the company of rigging the 2020 presidential election against former President Donald Trump.
MADISON, Wis. (AP) — Democratic Gov. Tony Evers, just five weeks before he is up for reelection, announced Monday that if he wins he will propose a 4% increase in funding for local governments each of the next two years.
RIO DE JANEIRO (AP) — Jair Bolsonaro outperformed expectations with his reelection bid, proving that the right-wing wave he rode to the presidency remains a force in Brazil and giving him and opponent Luiz Inácio Lula da Silva three weeks to pursue votes ahead of a winner-take-all runoff.
NEW YORK (AP) — Rex Tillerson, who served a turbulent term as secretary of state under former President Donald Trump, was called as a government witness Monday at the trial of a Trump ally accused of leaking intelligence to the United Arab Emirates.
RICHMOND, Va. (AP) — Republican Gov. Glenn Youngkin called Monday for expanding nuclear power generation in Virginia, reevaluating a recent clean energy law celebrated by environmentalists, and restoring greater authority to state regulators who oversee the state's powerful utilities.
Mississippi's largest public corruption case, in which tens of millions of dollars earmarked for needy families was misspent, involves a number of sports figures with ties to the state — including NFL royalty Brett Favre and a famous former pro wrestler.
CHARLOTTE, N.C. (AP) — NASCAR’s beleaguered new car somehow made it out of Talladega Superspeedway in the cleanest race yet of this year’s playoffs.
It did little to quell the safety concerns surrounding the Next Gen car that debuted this season.
NEW YORK (AP) — New York City's thousands of food delivery workers will get places to recharge electric bike batteries, cellphones and themselves, under a city plan announced Monday to turn abandoned newsstands and other unused structures into facilities for the “deliveristas.”
CLARENCE, N.Y. (AP) — A 2,554-pound pumpkin grown in upstate New York has set a new U.S. record for the heaviest.
State and national records fell over the weekend at the Great Pumpkin Farm in the Buffalo suburb of Clarence, when Scott Andrusz's entry broke the previous national record of 2,528 pounds, The Buffalo News reported.
BENGHAZI, Libya (AP) — One of Libya’s rival governments signed preliminary economic and maritime deals with Turkey on Monday, in a move that has inflamed tensions between it and the North African country’s other administration.
MOSCOW (AP) — A Russian court on Monday set Oct. 25 as the date for American basketball star Brittney Griner’s appeal against her nine-year prison sentence for drug possession.
Griner, an eight-time all-star center with the WNBA’s Phoenix Mercury and a two-time Olympic gold medalist, was convicted Aug.
MINNETONKA, Minn. (AP) — UnitedHealth Group said Monday that it completed its acquisition of Change Healthcare, closing the roughly $8 billion deal a couple weeks after a judge rejected a challenge from federal regulators.
PARIS (AP) — It was as much art fair as fashion show for Stella McCartney, who put on an art-infused spring collection at Paris Fashion Week on Monday vibrating with flashes of color.
Iconic Japanese contemporary artist Yoshitomo Nara collaborated on the designs showcased outside the Pompidou Center Modern Art Museum, while sculptor Jeff Koons casually popped in to say ‘hello’ to McCartney post-show across an atelier of world-famous sculptures by Constantin Brancusi.
WARSAW, Poland (AP) — Poland’s foreign minister on Monday signed an official note to Germany requesting the payment of about $1.3 trillion in reparations for the damage incurred by occupying Nazi Germans during World War II.
The head of the International Atomic Energy Agency, the U.N.’s nuclear watchdog, said the director general of Ukraine’s and Europe’s largest power plant, Ihor Murashov, has been released from Russian custody after his detention last week.
WASHINGTON (AP) — Jeffrey Chester, executive director of the Center for Digital Democracy, has advocated in Washington for privacy protection for 25 years, warning about threats to online privacy. The Associated Press spoke recently with Chester about growing public concern and official action.
NAIROBI, Kenya (AP) — Kenya’s new president says the Cabinet has “effectively” lifted the country’s ban on openly cultivating genetically modified crops, reversing a decade-old decision as the East African country struggles with food security and a deadly drought.
BRUSSELS (AP) — The European Union and Israel on Monday held high-level talks for the first time in a decade, with the Europeans pressing Israeli Prime Minister Yair Lapid about how to put a two-state solution to the conflict with the Palestinians into place.
ALBUQUERQUE, N.M. (AP) — New Mexico Attorney General Hector Balderas is calling on lawmakers to strengthen the state’s anti-corruption law.
A recent ruling by the New Mexico Supreme Court upheld the dismissal of criminal charges against four defendants, and Balderas told the Albuquerque Journal that the court “took away from citizens a very necessary tool to prosecute public officials who use their public office for their own personal gain.”
THESSALONIKI, Greece (AP) — A 41-year-old Tunisian man was arrested Monday for alleged disorderly behavior on a commercial flight that prompted the pilot to make an unscheduled landing in the northern Greek city of Thessaloniki, police said.
BERLIN (AP) — The leaders of Hungary, Austria and Serbia met Monday in Budapest to find solutions on how to stem the increasing number of migrants arriving in Europe, among them many young men from India.
WASHINGTON (AP) — The Supreme Court is siding with a Russian oil company in a dispute with Ukraine worth millions, a win for the company as Russia continues to wage war in Ukraine.
COPENHAGEN, Denmark (AP) — Sweden has sent a vessel capable of “advanced diving missions” to the Baltic Sea area where ruptured undersea pipelines had leaked natural gas for days, the Swedish navy said Monday.
WARSAW, Poland (AP) — Jerzy Urban, a spokesman for Poland's communist-era government in the 1980s who masterminded state propaganda and censorship for the regime in the final years before its collapse, has died.
When she was 19, writer Emily Maloney found herself facing about $50,000 in medical debt after hospital treatment for a mental health crisis. The debt followed her throughout her twenties, hurting her credit and leading to stressful calls from collection agencies.
ATHENS, Greece (AP) — Greece has promised to return to a budget surplus in 2023, submitting its first spending blueprint in 12 years that is not under the direct scrutiny of European bailout lenders.
Russia smuggling Ukrainian grain to help pay for Putin’s war
BEIRUT (AP) — When the bulk cargo ship Laodicea docked in Lebanon last summer, Ukrainian diplomats said the vessel was carrying grain stolen by Russia and urged Lebanese officials to impound the ship.
HONG KONG (AP) — Google has discontinued its Google Translate services in mainland China, removing one of the company’s few remaining services that it had provided in a country where most Western social media platforms are blocked.
BUDAPEST, Hungary (AP) — A theater in Hungary's capital will sit through a cold and quiet winter after its managers chose to shut it down rather than pay skyrocketing utility prices that are putting a squeeze on businesses and cultural institutions across Europe.
TOKYO (AP) — Japan’s Prime Minister Fumio Kishida said Monday that he will humbly listen to people’s “harsh voices” criticizing his governing party’s cozy ties to the ultra-conservative Unification Church and help victims of its allegedly fraudulent businesses and huge donation collection.
Today in History
Today is Monday, Oct. 3, the 276th day of 2022. There are 89 days left in the year.
RIO DE JANEIRO (AP) — Brazil’s top two presidential candidates will face each other in a runoff vote after neither got enough support to win outright Sunday in an election to decide if the country returns a leftist to the helm of the world’s fourth-largest democracy or keeps the far-right incumbent in office.
RENO, Nev. (AP) — Nevada's Republican gubernatorial candidate, Joe Lombardo, sought in a debate on Sunday to distance himself from former President Donald Trump over his lies about the 2020 election, but said Trump's policies were better than those under the Biden administration, which he blames for inflation and rising interest rates.
SANAA, Yemen (AP) — Yemen's warring sides have failed to reach an agreement to extend a nationwide cease-fire, the U.N. said Sunday, endangering the longest lull in fighting since the country's bloody civil war began.
PORT-AU-PRINCE, Haiti (AP) — Haiti’s government on Sunday announced that at least eight people have died from cholera, raising concerns about a potentially fast-spreading scenario and reviving memories of an epidemic that killed nearly 10,000 people a decade ago.
SOFIA, Bulgaria (AP) — An exit poll in Bulgaria suggested Sunday that the center-right GERB party of ex-premier Boyko Borissov, a party blamed for presiding over years of corruption, will be the likely winner of Bulgaria’s parliamentary election.