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CABO FRIO, Brazil (AP) — In April, Brazil's federal police stormed the helipad of a boutique seaside hotel in Rio de Janeiro state, where they busted two men and a woman loading a chopper with 7 million reais ($1.3 million) in neatly packed bills.

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CABO FRIO, Brazil (AP) — In April, Brazil’s federal police stormed the helipad of a seaside hotel in Rio de Janeiro state, where they busted two men and a woman loading a chopper with 7 million reais ($1.3 million) in neatly packed bills.

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NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

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Technology companies led a broad sell-off on Wall Street Tuesday as bond yields surged amid renewed jitters that the Federal Reserve will act more aggressively than expected to tackle rising inflation.

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BEIJING (AP) — China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever for any country, as exports jumped 29.9% over a year earlier despite semiconductor shortages that disrupted manufacturing.

Stocks are off to a mixed start on Wall Street Friday as weakness in technology stocks again weighs on the broader market. The S&P 500 shrugged off an early decline and was up 0.1%. The Nasdaq rose 0.5%. Bond yields rose after traders interpreted the latest monthly jobs report as indicating more tightness in the labor market. The yield on the 10-year Treasury rose to 1.75% and briefly rose close to its highest level since the start of the pandemic. The yield is a benchmark for mortgage rates, which hit their highest level since May 2020 last week.

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Stocks slumped and bond yields rose Wednesday as Wall Street interpreted the minutes from the Federal Reserve's recent meeting of policymakers as a sign the central bank is poised to move faster to raise interest rates this year as it battles inflation.

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