Sam Bankman-Fried could face 2 criminal trials, with prosecution on some charges delayed until 2024
NEW YORK — FTX founder Sam Bankman-Fried may face two criminal trials after a federal judge on Thursday granted a request by prosecutors to delay a trial on some of the charges until next year.
Fed Chair Powell sees progress on inflation, though not quickly enough
WASHINGTON — Inflation may be cooling — just not yet fast enough for the Federal Reserve.
The S&P 500 is in a bull market. Here’s what that means and how long the bull might run
The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low.
SEC lawsuits against cryptocurrency companies raise questions about industry’s future
WASHINGTON — First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.
GM’s electric vehicles will gain access to Tesla’s vast charging network
DETROIT — Electric vehicles made by General Motors will be able to use much of Tesla’s extensive charging network beginning early next year under an agreement the two companies announced Thursday.
Illumina CEO resigns amid pressure from activist investor Carl Icahn
NEW YORK (AP) — Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
Here’s how to prepare to start paying back your student loans when the pandemic payment freeze ends
NEW YORK — A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay
After ballooning for years, CEO pay growth is finally slowing.
Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire
WASHINGTON — Kwasi Bandoh, a senior recruiter for an airline, stood before a group of aviation mechanic students at their graduation ceremony last month and congratulated them for all having jobs.
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Apple appears poised to unveil a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination.
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
FRANKFURT, Germany — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.
China’s 1st domestically made passenger plane completes maiden commercial flight
BEIJING (AP) — China’s first domestically made passenger jet flew its maiden commercial flight on Sunday, as China looks to compete with industry giants such as Boeing and Airbus in the global aircraft market.
Companies are finding it’s not so simple to leave Russia. Some are quietly staying put
When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment. Billions of dollars’ worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.
Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right
WASHINGTON — The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.
More businesses require teens to be chaperoned by adults, curbing their independence
PARAMUS, N.J. — Jennifer Sepulveda used to drop off her 14-year-old son, Jorden, at the local mall on a Friday or Saturday night, where he would catch a movie with his friends and then hang out afterwards at the food court or elsewhere.
More dogs could show up in outdoor dining spaces. Not everyone is happy about it
Just in time for the summer dining season, the U.S. government has given its blessing to restaurants that want to allow pet dogs in their outdoor spaces.
Will Biden’s hard-hat environmentalism bridge the divide on clean energy future?
WASHINGTON — When John Podesta left his job as an adviser to President Barack Obama nearly a decade ago, he was confident that hundreds of miles of new power transmission lines were coming to the Southwest, expanding the reach of clean energy throughout the region.
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
BEIJING — Stepping up a feud with Washington over technology and security, China’s government on Sunday told users of computer equipment deemed sensitive to stop buying products from the biggest U.S. memory chipmaker, Micron Technology Inc.
Argentina is suffering economic carnage. This hard-liner thinks she has the solution
As a former Argentine security minister, Patricia Bullrich is best known for her record of cracking down on drugs and violent crime. Now she’s trying to convert that steely reputation into votes for the presidency of a country on the edge of an economic precipice.
The US has approved $42 billion in loan forgiveness for public service workers. Here’s what to know
The U.S. has approved more than $42 billion in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of a program aimed at getting more people to work in public service jobs, the U.S. Department of Education said this week.