AP Business SummaryBrief at 1:23 a.m. EDT (2024)

Too many people, not enough management: A look at the chaos of 'overtourism' in the summer of 2024

SINTRA, Portugal (AP) — To be visited during the summer of “overtourism” in 2024 means traffic jams, water problems and high housing prices. It's the first year in which tourism is expected to beat records set before the coronavirus pandemic. Despite well-publicized protests and some drunken tourist behavior, residents and analysts don't necessarily blame the travelers. They say it's more a matter of crowd and economic management. Many hotspots have responded. Portugal has limited its residence-by-investment visa program. Lisbon is curbing tuk-tuk scooters. Amsterdam has broadened its “Stay Away” campaign. Japan put up a screen to stop people from flooding a parking lot to take selfies of Mount Fuji.

Perdue recalls 167,000 pounds of chicken nuggets after consumers find metal wire in some packages

NEW YORK (AP) — Check your freezer. Perdue Foods is recalling more than 167,000 pounds of frozen chicken nuggets and tenders after some customers reported finding metal wire embedded in the products. According to Perdue and the U.S. Agriculture Department’s Food Safety and Inspection Service, the recall covers select lots of three products: Perdue Breaded Chicken Tenders, Butcher Box Organic Chicken Breast Nuggets and Perdue Simply Smart Organics Breaded Chicken Breast Nuggets. As of Friday, there were no confirmed injuries or adverse reactions tied to eating these products. Consumers who have the recalled chicken are urged to throw it away or return it to its place of purchase. Perdue is offering full refunds to impacted consumers who contact the Maryland-based company.

Asian stocks are mixed after Wall Street's best week of the year

Asian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of itsbest weeksince November with a slight uptick in U.S. stocks Friday. U.S. futures were higher while oil prices dropped. The market’s focus this week will be at Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech at a setting that has been home to big policy announcements in the past. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. Treasury yields eased a bit following a couple mixed reports on the U.S. economy. The yield on the 10-year Treasury fell to 3.88%.

What is 'price gouging' and why is VP Harris proposing to ban it?

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food. The proposal, introduced Friday, is an attempt to tackle a clear vulnerability of Harris’ head-on: Under the Biden-Harris administration, grocery prices have shot up 21%, part of an inflation surge that has raised overall costs about 19% and soured many Americans on the economy, even as unemployment fell to historic lows. Wages have also risen sharply since the pandemic, and have outpaced prices for more than a year. Still, surveys find Americans continue to struggle with higher costs.

Harris to meet with Teamsters, but union president isn't invited to speak at Democratic convention

DETROIT (AP) — Teamsters union members will host Vice President Kamala Harris for a roundtable discussion in the near future. But the union's president, Sean O'Brien, has yet to get an invitation to speak at next week’s Democratic National Convention. Kara Deniz, a spokeswoman for the 1.3 million member union, told the Associated Press in an email Friday that the Teamsters are working with the Harris campaign on dates for the roundtable. But she says O’Brien has not received a reply to his request to speak at the Democratic convention. O'Brien angered some Democrats by speaking at the GOP convention last month.

Possible work stoppage at Canada's two largest railroads could disrupt US supply chain next week

DETROIT (AP) — Canada’s two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union threatens to cause lockouts or strikes that would disrupt cross-border trade with the U.S. Both the Canadian Pacific Kansas City and Canadian National railroads have stopped taking certain shipments of hazardous materials and refrigerated products. They are threatening to lock out Teamsters Canada workers starting Thursday if deals are not reached. Canadian Pacific Kansas City says that on Tuesday it will stop all shipments that start in Canada and all shipments originating in the U.S. that are headed for Canada. A long work stoppage could cause significant supply chain disruptions.

Trump zigzags between economic remarks and personal insults at rally in critical Pennsylvania

WILKES-BARRE, Pa. (AP) — Former President Donald Trump has repeatedly swerved from a message focused on the economy into non-sequiturs and personal attacks, including thrice declaring that he was better looking than Vice President Kamala Harris. Trump, on Saturday, wound back and forth between hitting his points on economic policy and delivering a smattering of insults and impressions of President Joe Biden and French President Emmanuel Macron at a rally in northeastern Pennsylvania. Trump’s rally was in a swath of the pivotal battleground state where he hopes conservative, white working-class voters near Biden’s hometown will boost the Republican’s chances of winning back the White House.

Harris campaign reserves $370M in ads after Labor Day, including battleground state push

WASHINGTON (AP) — Vice President Kamala Harris’ campaign says it is reserving $370 million in advertising to run between Labor Day and Election Day. In a memo Saturday, the Harris-Walz campaign said the fall advertising push will include $170 million in television reservations running for nine weeks, starting Sept. 3, in battleground states. It also includes more than $200 million in digital reservations on platforms such as Hulu, Roku and YouTube. That does not include spending on ads on social media or search services. Former President Donald Trump’s campaign has only reserved advertising time after Labor Day in two states, the battlegrounds of Pennsylvania and Georgia, according to data from the media tracking firm AdImpact.

Looking to buy a home? You may now need to factor in the cost of your agent's commission

LOS ANGELES (AP) — Thinking of buying a home with the help of a real estate agent? You can no longer take it for granted that a seller will cover the cost of your agent’s commission. Home sellers have traditionally offered a blanket commission to a buyer’s agent when they listed their home on the market. But that will no longer be allowed as of this weekend, when various changes to U.S. real estate industry practices are set to take effect. A homebuyer may still try to negotiate such an offer from the seller. But if they decline, that would leave the homebuyer on the hook for paying for their agent’s services.

X announces suspension of Brazil operations, alleging ‘censorship orders’ from Supreme Court justice

MEXICO CITY (AP) — Social media company X says it will close its operations in Brazil, claimingBrazilian Supreme Court Justice Alexandre de Moraesthreatened to arrest their legal representative in Brazil if they did not comply with orders. X is removing all remaining Brazil staff in the country, “effective immediately” though the company said service will still be available to the people of Brazil. The company did not clarify how it could claim to suspend operations while continuing to provide services to Brazilians. Earlier this year, the company clashed with de Moraesover free speech, far-right accounts and misinformation on X. The company says his most recent orders amounted to censorship, and shared a copy of the document on X.