AP Business

Stock market today: Asian shares are sharply lower, …

A currency trader watches monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 4, 2023. Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high. (AP Photo/Ahn Young-joon)

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US automakers’ sales rose sharply over the summer, despite …

File - A strike sign is taped to a fence during the ongoing United Auto Workers strike at the Stellantis Toledo Assembly Complex on Monday, Oct. 2, 2023, in Toledo, Ohio. The strike against Detroit's three automakers didn't make much of a dent in auto sales last month. (Kurt Steiss/The Blade via AP, File)

Colorado high court to hear case against Christian baker …

FILE - Colorado lawyer Autumn Scardina poses for a photo outside the Ralph Carr Colorado Judicial Center, Oct. 5, 2022, in Denver. Scardina, who is transgender, sued Colorado baker Jack Phillips after he refused to make her a cake intended to celebrate her gender transition. Colorado’s highest court said Tuesday, Oct. 3, 2023, that it will hear the case of the Christian baker who refused to make a cake celebrating a gender transition. (AP Photo/Colleen Slevin, File)

United Airlines makes 2nd large order for new planes in …

FILE - A United Airlines Boeing 787 approaches for landing in Lisbon, Sept. 2, 2023, with the setting moon in the background. United Airlines is making its second massive order of new planes in less than a year, more than 100 in all, as the carrier renews its fleet. The most recent order announced Tuesday, Oct. 3, will include 50 Boeing 787-9s for delivery between 2028 through 2031, and 60 Airbus A321neos for delivery between 2028 and 2030. (AP Photo/Armando Franca, File)

The Supreme Court seems likely to side with the Consumer …

FILE - Sen. Elizabeth Warren, D-Mass., speaks during the Senate Committee on Banking, Housing and Urban Affairs hearing at Capitol Hill in Washington, April 27, 2023. The Supreme Court on Tuesday seemed likely to preserve the work of the Consumer Financial Protection Bureau against a conservative-led challenge. The CFPB case is one of several major challenges to federal regulatory agencies on the docket this term for a court that has for more than a decade been open to limits on their operations. The CFPB, the brainchild of Warren, has long been opposed by Republicans and their financial backers. (AP Photo/Jose Luis Magana, File )

More evidence that the US job market remains hot after …

File - Construction workers move equipment on Jan. 17, 2023, in New York. On Tuesday, the Labor Department reports on job openings and labor turnover for August. (AP Photo/Andres Kudacki, File)

Facebook and Instagram users in Europe could get ad-free …

FILE - A view of the mobile phone app logos for, from left, Facebook and Instagram in New York, Oct. 5, 2021. Meta plans to give European Facebook and Instagram users the option of paying for ad-free versions of the social media services as a way to comply with the continent’s data privacy rules, the Wall Street Journal reported on Tuesday, Oct. 3, 2023. (AP Photo/Richard Drew, file)

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A government shutdown in Nigeria has been averted …

Pedestrians cross a busy streets in Lagos, Nigeria, Tuesday Sept. 5, 2023. Made up of hundreds of thousands of members, the Nigeria Labor Congress workers association began Tuesday a two-day “warning strike,” in protest of the growing cost of living due to the removal of gas subsidies, threatening to “shut down” Africa’s largest economy if their demands for improved welfare are not met. their second in over a month. (AP Photo/Sunday Alamba)

South Asia is expected to grow by nearly 6% this …

Franziska Ohnsorge, World Bank Chief Economist for South Asia, points towards the screen as Auguste Tano Kouamé, Country Director, India, second right, and Dhruv Sharma, author of the India update, right, watch during the release the October 2023 development updates for India and South Asia, in New Delhi, India, Tuesday, Oct. 3, 2023. (AP Photo/Altaf Qadri)

Stock market today: Asian markets sink, with Hong …

FILE - A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong on July 21, 2023. Stocks mostly slipped in mixed trading Monday, Oct. 2, as the constrictor of higher interest rates tightened its coils around Wall Street. (AP Photo/Louise Delmotte, File)

Elon Musk facing defamation lawsuit in Texas over …

FILE - Twitter, now X. Corp., and Tesla CEO Elon Musk poses before his talks with French President Emmanuel Macron, May 15, 2023, at the Elysee Palace in Paris. A California man who says he was harassed after Musk amplified posts on his platform X, formerly known as Twitter, that falsely placed the man at a confrontation involving far-right protesters sued the billionaire for defamation in a lawsuit filed Monday, Oct. 2. (AP Photo/Michel Euler, Pool, File)

Microsoft CEO says unfair practices by Google led …

FILE - Microsoft CEO Satya Nadella speaks, Feb. 7, 2023, in Redmond, Wash. Nadella says unfair tactics used by Google led to its dominance as a search engine. Nadella's comments came in a landmark antitrust trial against Google’s parent company, Alphabet. He told a packed Washington, D.C., courtroom Monday, Oct. 2, 2023 that Google’s actions weakened Microsoft’s search engine Bing. (AP Photo/Stephen Brashear, file)

Fed’s Powell gets an earful about inflation and interest …

Federal Reserve Chair Jerome Powell, left, and Kevin Schreiber, CEO of the York County Economic Alliance, walk in York, Pa. on Monday, Oct. 2, 2023. Powell met with workers, employers and community leaders in York regarding efforts to strengthen the local economy. (AP Photo/Chris Rugebar)

All Onewheel electric skateboards are under recall …

File - Two people ride Onewheels through Wright Park in Tacoma, Wash., on Oct. 26, 2018. All models of Onewheel self-balancing electric skateboards are under recall after at least four deaths and multiple injuries were reported in recent years, federal regulators said last week.(AP Photo/Ted S. Warren, File)