DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. The package is likely to remain tied…

BORGO EGNAZIA, Italy — A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right. President Joe Biden said the agreement to tap into the windfall profits on some $280 billion in…

Stocks that traded heavily or had substantial price changes on Friday: RH, MSC Industrial fall; Adobe, Progressive rise NEW YORK — Stocks that traded heavily or had substantial price changes on Friday: Adobe Inc., up $66.57 to $525.31. The design software company raised its earnings forecast for its fiscal year. RH, down $47.32 to $229.73. The furniture and housewares retailer reported a much bigger first-quarter…

President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation ByKEN SWEET AP business writer NEW YORK — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of…

The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country ByCHINEDU ASADU Associated Press ABUJA, Nigeria — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to…

NEW YORK — U.S. stocks hung around their record levels on Friday as Wall Street remained relatively quiet following another slide in Europe. The S&P 500 edged down by less than 0.1%, marking the first time this week where it did not set an all-time high. The Dow Jones Industrial Average dipped 57 points, or 0.1%, while the Nasdaq composite added 0.1% to its record…

WASHINGTON — The Supreme Court on Friday struck down a Trump-era ban on bump stocks, the rapid-fire gun accessories used in the deadliest mass shooting in modern U.S. history, in a ruling that threw firearms back into the nation’s political spotlight. The high court’s conservative majority found that the Trump administration overstepped when it changed course from predecessors and banned bump stocks, which allow a…

CHICAGO — A lawsuit filed by 17 states challenging federal rules entitling workers to time off and other accommodations for abortions lacks standing, a federal judge in Arkansas ruled on Friday. Republican attorneys general from each state, led by Arkansas and Tennessee, sued the Equal Employment Opportunity Commission in April, days after the agency published rules for employers and workers to implement the Pregnant Workers…

BORGO EGNAZIA, Italy — Italian Premier Giorgia Meloni on Saturday dismissed a cease-fire offer for Ukraine by Russian President Vladimir Putin as “propaganda,” as she wrapped up a Group of Seven summit that saw a deal reached for a $50 billion loan to Ukraine. The loan will be provided by the U.S., U.K., Canada and possibly Japan, Meloni said. The frozen Russian assets to be…

TOPEKA, Kan. — A 170-year-old rivalry is flaring up as Kansas lawmakers try to snatch the Super Bowl champion Kansas City Chiefs away from Missouri even though economists long ago concluded subsidizing pro sports isn’t worth the cost. The Kansas Legislature’s top leaders endorsed helping the Chiefs and professional baseball’s Kansas City Royals finance new stadiums in Kansas ahead of a special session set to…