Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

Walmart CEO Doug McMillon to retire in January and US operations chief John Furner will take over

SUMMARY: Walmart CEO Doug McMillon will retire in January, the retailer announced on Friday. The company said that John Furner, head of U.S. operations, will take over the post. McMillon's retirement is effective Jan. 31, 2026. Furner will start as CEO the next day.

WORDS: 288 - MOVED: 11/14/2025 8:20 a.m. EST

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US investment firm RedBird pulls out of buying Britain's Telegraph newspaper

SUMMARY: U.S. investment firm RedBird Capital has dropped its offer to buy the publisher of Britain's 170-year-old conservative-leaning Daily Telegraph newspaper for about 500 million pounds ($660 million). RedBird, which was leading a consortium, said in May that it had reached an in-principle agreement to become the controlling owner of the Telegraph Media Group. RedBird said in a statement Friday that it "will work hard to help secure a solution" for the group. The Telegraph group publishes the Daily and Sunday Telegraph newspapers, both of which are closely allied to Britain's Conservative Party.

WORDS: 186 - MOVED: 11/14/2025 8:54 a.m. EST

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London judge finds global mining company BHP Group liable in Brazil's worst environmental disaster

SUMMARY: A London judge has ruled that BHP Group is liable for Brazil's worst environmental disaster. The disaster occurred when a dam collapsed 10 years ago and released toxic waste into a major river. The collapse killed 19 people and devastated villages downstream. High Court Justice Finola O'Farrell said Friday that BHP was responsible even though it didn't own the dam at the time. BHP owns 50% of Samarco which is the company that was operating the mine where the dam ruptured. Around 600,000 Brazilians are seeking compensation. But the ruling only addressed liability. Damages will be determined in a second trial phase.

WORDS: 654 - MOVED: 11/14/2025 5:12 a.m. EST

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World shares skid, following Wall Street's retreat fueled by worries over AI and interest rates

SUMMARY: World shares have skidded following Wall Street's latest retreat due to worries over AI and interest rates. In South Korea, where computer chip makers have struck an alliance with artificial intelligence chip supplier Nvidia, the Kospi sank 3.8%. U.S. futures fell and oil prices advanced. On Thursday, the S&P 500 sank 1.7% and the Dow Jones Industrial Average also dropped fell 1.7%. The Nasdaq composite lost 2.3%. Nvidia and other AI superstar stocks dragged the market lower amid continued worries that their prices had shot too high. Questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen also have dimmed investor sentiment.

WORDS: 724 - MOVED: 11/13/2025 11:58 p.m. EST

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Google offers changes to satisfy EU ad-tech case but they don't include breakup

SUMMARY: Google has proposed major changes to its business practices to address an EU antitrust case targeting its ad-tech operations. The company said Friday that its submitted its compliance plan to Brussels but the proposed remedies don't include a breakup. Google aims to resolve the European Commission's concerns but said a break up would disrupt European publishers and advertisers. The company is also appealing a 2.95 billion euro fine imposed in September for favoring its own digital advertising services. Google's changes include offering more pricing options and modifying ad tools to address conflicts of interest. The Commission will review these proposals to ensure they end self-preferencing practices.

WORDS: 290 - MOVED: 11/14/2025 7:30 a.m. EST

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Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates

SUMMARY: The U.S. stock market tumbled to one of its worst days since its springtime sell-off. The S&P 500 sank 1.7% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell 1.7% from its own record set the day before, while the Nasdaq composite lost 2.3%. Nvidia and other AI superstar stocks dragged the market lower amid continued worries that their prices had shot too high. Also hurting the market were questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen.

WORDS: 841 - MOVED: 11/12/2025 11:33 p.m. EST

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Top economists call on world leaders to set up an international panel on inequality

SUMMARY: Hundreds of top economists and other experts including former U.S. Treasury Secretary Janet Yellen are calling for the world to set up an independent international panel on income and wealth inequality. The call in an open letter released Friday came before the Group of 20 summit in South Africa next weekend. That's when a report on inequality chaired by Nobel Prize-winning American economist Joseph Stiglitz is due to be presented to world leaders. That report said the world is facing an "inequality emergency" and it's leading to more political instability and conflicts and "decreased confidence in democracy."

WORDS: 309 - MOVED: 11/13/2025 5:26 p.m. EST

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Workers turn to 'polyworking' to combat frozen salaries and inflation

SUMMARY: Working professionals in the U.S. are taking on side jobs to supplement their incomes amid frozen salaries, inflation and fear of layoffs. Some people are concerned about instability in their workplaces or worried about layoffs. Others are reluctant to trust one employer to provide a steady job that lasts. There's even a trend known as "polyworking," or juggling multiple jobs. Sometimes it's supplementing earnings with gig work on apps such as Uber and Grubhub. Turning passion projects into "side hustles" that generate additional income is another common approach. Experts advise choosing something you love and being cautious of scams when starting a side business since it may take a while to generate a profit.

WORDS: 1110 - MOVED: 11/13/2025 10:01 a.m. EST

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How major US stock indexes fared Thursday, 11/13/2025

SUMMARY: The U.S. stock market tumbled to one of its worst days since its springtime sell-off. The S&P 500 sank 1.7% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell 1.7% from its own record set the day before, while the Nasdaq composite lost 2.3%. Nvidia and other AI superstar stocks dragged the market lower amid continued worries that their prices had shot too high. Also hurting the market were questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen.

WORDS: 259 - MOVED: 11/13/2025 4:21 p.m. EST

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Starbucks workers kick off 65-store US strike on company's busy Red Cup Day

SUMMARY: More than 1,000 unionized Starbucks workers are on strike Thursday at 65 U.S. stores. The strike has closed some stores on Starbucks' Red Cup Day, which is typically one of the company's busiest days of the year. Starbucks gives away free, reusable cups to customers who buy a holiday drink. The union organizing Starbucks baristas says the striking workers are protesting a lack of progress in labor negotiations with the company. Starbucks Workers United says the walkout will impact stores in 45 cities, including New York, Philadelphia, Minneapolis and Dallas. Starbucks says fewer than 4% of its U.S. stores are unionized and sales were exceeding its expectations Thursday morning.

WORDS: 999 - MOVED: 11/12/2025 6:36 p.m. EST

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One Tech Tip: iPhone users can now add US passport info to their digital wallets

SUMMARY: iPhone users can now add their U.S. passport details to Apple Wallet. Apple introduced the "Digital ID" system on Wednesday, allowing passport information to be scanned at airport readers if travelers don't have a Real ID. The feature is in beta at TSA checkpoints in over 250 U.S. airports for domestic travel. However, it doesn't replace a physical passport for international travel. Users can add their passport by scanning it and verifying their identity with a selfie. Apple ensures data is encrypted and stored on the device, with face or fingerprint scans required for access.

WORDS: 597 - MOVED: 11/13/2025 10:29 a.m. EST

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IRS boosts contribution limits for 401(k) retirement plan savers

SUMMARY: Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Thursday that the maximum contribution for 401(k), 403(b), and most 457 plans will rise to $24,500, up from $23,500 this year. People aged 50 and over can make additional "catch-up" contributions, allowing them to contribute up to $32,500 annually. The IRS also raised the annual contribution limits for IRAs to $7,500. These changes aim to help retirement savers set aside more income, especially older workers who started saving later in life.

WORDS: 449 - MOVED: 11/13/2025 2:22 p.m. EST

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Streaming and parks shine for Disney in Q4, but weakening in cable and at the box office

SUMMARY: Disney's fiscal fourth-quarter performance was mixed, as a weak performance from its television networks and some films was buffered by strength in its streaming business and theme parks. The results come as Disney is still trying to work out a new licensing deal with YouTube after its content went dark on YouTube TV late last month, leaving subscribers of the Google-owned livestreaming platform without access to major networks like ESPN and ABC.

WORDS: 666 - MOVED: 11/13/2025 7:40 a.m. EST

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Doritos and Cheetos dial back the bright orange in new versions without artificial ingredients

SUMMARY: Doritos and Cheetos are getting a makeover. PepsiCo said on Thursday that it's launching toned-down versions of its bright orange snacks that won't have any artificial colors or flavors. Doritos and Cheetos Simply NKD ae set to hit store shelves on Dec. 1. It's part of a broader shift underway at PepsiCo, which announced in April that it would accelerate a planned transition to using natural colors in its foods and beverages. Dye-free doesn't mean Doritos and Cheetos Simply NKD will be colorless. Instead, they're just a lighter color, like a tortilla chip. PepsiCo launched its Simply line in 2002, but unlike the new Doritos and Cheetos, those chips aren't designed to taste like the originals.

WORDS: 337 - MOVED: 11/13/2025 1:46 p.m. EST

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Cash App's Moneybot might know your spending habits better than you do

SUMMARY: Cash App has introduced Moneybot, a new financial services chatbot that will be integrated into its banking app this winter. Unlike traditional banking chatbots, Moneybot can perform advanced actions like creating savings plans, buying or selling stock, and evaluating spending habits. This marks a shift towards agentic AI, where chatbots perform tasks on behalf of users. While banks have been cautious about adopting such technology due to liability concerns, Cash App is diving in. MoneyBot analyzes customer transactions and offers personalized recommendations. However, legal and privacy questions remain, especially regarding potential biases in its suggestions.

WORDS: 989 - MOVED: 11/13/2025 11:52 a.m. EST

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Average US long-term mortgage rate rises again, inching up to 6.24%

SUMMARY: The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, hovering near its low point so far this year. The average long-term mortgage rate ticked up to 6.24% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Just two weeks ago, the average rate was at 6.17%, its lowest level in more than a year. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation.

WORDS: 615 - MOVED: 11/13/2025 12:04 p.m. EST

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The unprecedented government shutdown will weigh on a US economy already under stress

SUMMARY: The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure. About 1.25 million federal workers haven't been paid since Oct. 1. Roughly 10,000 flights have been cancelled since last week and disruptions will continue even as air traffic controllers return to work. The Congressional Budget Office estimated that a six-week shutdown will reduce growth in this year's fourth quarter by about 1.5 percentage points. That would cut growth by about half from the third quarter.

WORDS: 1080 - MOVED: 11/13/2025 12:05 p.m. EST

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