National Business

NEW YORK (AP) — Wall Street blazed to another rally to cap a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. The S&P 500 jumped 1.2% Friday to reach its highest level since April 2022.

CINCINNATI (AP) — Ohio lobbyist Matt Borges was sentenced Friday to five years in prison for his part in the largest corruption scandal in Ohio history.

TORONTO — Canaccord Genuity Group Inc. says it is facing a regulatory investigation that could result in it paying a "significant penalty.

WASHINGTON (AP) — A sharply divided Supreme Court on Friday effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. “This fight is not over,” he said.

OTTAWA — Businesses continue to see larger-than-normal wage and price increases ahead, but those expectations are shifting closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.

WASHINGTON (AP) — In a defeat for gay rights, the Supreme Court's conservative majority ruled on Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.

OTTAWA — Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

WASHINGTON (AP) — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

LONDON (AP) — More than 150 company executives are urging the European Union to rethink the world's most comprehensive rules for artificial intelligence , saying Friday that upcoming regulations will make it harder for companies in Europe to compete

TORONTO — Hydro One Inc. says it has reached tentative agreements covering two contracts with the Power Workers' Union, which represents the company's front-line workers. Details of the proposed settlements were not immediately available.