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Former Bank of China chairman indicted for bribery in nation's long-running anticorruption drive
BEIJING (AP) — The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's yearslong a...
By US inflation slows but remains elevated in sign that price pressures are easing only gradually
WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday's report from the Labor D...
Mexico overtakes China as the leading source of goods imported by US
WASHINGTON (AP) — For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States. The shift reflects the growing tensions between Washington and Beijing as well as U.S. effor...
The US didn't just avoid a recession - it's adding hundreds of thousands of new jobs
WASHINGTON (AP) — The nation's employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy's continuing ability to shrug off the highest interest rates in two decades. Friday's govern...
Controversial podcast host Joe Rogan signs a new deal with Spotify for up to a reported $250 million
NEW YORK (AP) — Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also be available on competing platforms, including YouTube and Apple Podcasts. Spotify a...
As investors pile into psychedelics, idealism gives way to pharma economics
Money is pouring into the fledgling psychedelic medicine industry, with dozens of startup companies vying to be among the first to sell mind-expanding drugs for depression, addiction and other mental health conditions. While psychedelics are still...
A court rejected Elon Musk's $55.8B pay package. What is he worth to Tesla?
Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk's pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018,...
PGA Tour strikes $3 billion deal with Fenway-led investment group. Players to get equity ownership
PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal announced Wednesday that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. The launc...
Powell: Federal Reserve is on track to cut rates, though not likely for months
WASHINGTON (AP) — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it's n...
Auto dealers up campaign urging Biden administration to halt EPA tailpipe emission limits regulation
DETROIT (AP) — More than 4,700 auto dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency's efforts to enforce stricter vehicle-pollution standards. The missive comes just week...
A British painting stolen by mobsters is returned to the owner's son - 54 years later
An 18th century British painting stolen by New Jersey mobsters in 1969 has been returned more than a half-century later to the family that bought it for $7,500 during the Great Depression, the FBI's Salt Lake City field office announced Friday. The...
US pauses funding to UN agency for Palestinians after claims staffers were involved in Hamas attack
DEIR AL-BALAH, Gaza Strip (AP) — The U.N. agency for Palestinian refugees fired a number of its staffers in Gaza suspected of taking part in the Oct. 7 attack by Hamas and other militants on southern Israel, its director said Friday, prompting the U...
UN: Global trade is being disrupted by Red Sea attacks, war in Ukraine and low water in Panama Canal
UNITED NATIONS (AP) — The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade expert at the United Nations C...
Protesting farmers heap pressure on new French prime minister ahead of hotly anticipated measures
PARIS (AP) — Protesting farmers shut down long stretches of some of France's major highways again Friday, using tractors to block and slow traffic and squeeze the government ever more tightly to give in to their demands that growing and rearing f...
Ukraine says corrupt officials stole $40 million meant to buy arms for the war with Russia
KYIV, Ukraine (AP) — Employees from a Ukrainian arms firm conspired with defense ministry officials to embezzle almost $40 million earmarked to buy 100,000 mortar shells for the war with Russia, Ukraine's security service reported. The SBU said l...
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
WASHINGTON (AP) — Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy p...
Taking away Trump's business empire would stand alone under New York fraud law
NEW YORK (AP) — Within days, Donald Trump could potentially have his sprawling real estate business empire ordered "dissolved" for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con a...
Prisoners in the US are part of a hidden workforce linked to hundreds of popular food brands
ANGOLA, La. (AP) — A hidden path to America's dinner tables begins here, at an unlikely source – a former Southern slave plantation that is now the country's largest maximum-security prison. Unmarked trucks packed with prison-raised cattle roll out...
Business owners thought they would never reopen after Maine's deadliest shooting. Then support grew
LEWISTON, Maine (AP) — Immediately after Maine's deadliest mass shooting, the owners of the bowling alley and the bar in Lewiston where the gunman killed a total of 18 people were certain their doors were closed for good. Yet as time passed, they c...
Washington state reaches a nearly $150 million settlement with Johnson & Johnson over opioid crisis
OLYMPIA, Wash. (AP) — The Washington state attorney general announced a $149.5 million settlement Wednesday with drugmaker Johnson & Johnson, more than four years after the state sued the company over its role fueling the opioid addiction crisis. "...
British billionaire Joe Lewis pleads guilty in insider trading case
NEW YORK (AP) — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York, saying he knew that sharing nonpublic information about p...
US intensifies oversight of Boeing, will begin production audits after latest mishap for planemaker
The Federal Aviation Administration will begin auditing Boeing's aircraft production and increase oversight of the troubled manufacturer after a panel blew off a jetliner in midflight last week, the last in a string of mishaps for its marquee...
Houthi rebels vow fierce retaliation after American and British strikes against them
DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels vowed fierce retaliation Friday for American and British strikes against them, further raising the prospect of a wider conflict in a region already beset by Israel's war in Gaza. The b...
Who are the Houthis and why did the US and UK retaliate for their attacks on ships in the Red Sea?
WASHINGTON (AP) — When U.S. and U.K. warships and aircraft launched waves of missiles at Iranian-backed Houthi rebels in Yemen early Friday in Sanaa, it capped weeks of warnings to the group to cease their drone and missile attacks against commercial...
USDA estimates 21 million kids will get summer food benefits through new program in 2024
Nearly 21 million children in the U.S. and its territories are expected to receive food benefits this summer through a newly permanent federal program, the United States Department of Agriculture announced Wednesday. Thirty-five states, all five...
