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Iran's rial hits a record low, battered by regional tensions and an energy crisis
Read full article: Iran's rial hits a record low, battered by regional tensions and an energy crisisThe Iranian rial has fallen to its lowest level in history, losing more than 10% of its value since Donald Trump won the U.S. presidential election in November.
Georgia's outgoing president urges EU to use more leverage to back protesters
Read full article: Georgia's outgoing president urges EU to use more leverage to back protestersGeorgia’s outgoing president wants the European Union to press her country’s pro-Russia government to hold a new election.
Group says New Jersey toxic waste dumping caused $1B in harm, calls settlement inadequate
Read full article: Group says New Jersey toxic waste dumping caused $1B in harm, calls settlement inadequateA Jersey Shore environmental group says damage from decades of toxic waste dumping at one of America's most notorious pollution sites caused $1 billion worth of damages.
Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds
Read full article: Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll findsElon Musk’s attachment to President-elect Donald Trump has created an unprecedented alliance between America’s most powerful politician and its richest businessman.
Stock market today: World stocks are mixed ahead of the Federal Reserve's decision on rates
Read full article: Stock market today: World stocks are mixed ahead of the Federal Reserve's decision on ratesEuropean markets have started the day higher after a mixed trading session in Asia ahead of the Fed’s last rate decision this year.
Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
Read full article: Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soonFederal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.
Nissan, Honda confirm talks on closer collaboration but say there's been no decision on a merger
Read full article: Nissan, Honda confirm talks on closer collaboration but say there's been no decision on a mergerJapanese automakers Nissan Motor Corp. and Honda Motor Co. have confirmed that they are discussing closer collaboration but denied reports they have decided on a merger.
Grubhub to pay $25M in deceptive practices settlement with Illinois attorney general and the FTC
Read full article: Grubhub to pay $25M in deceptive practices settlement with Illinois attorney general and the FTCGrubhub Inc. will pay $25 million to settle a dispute over alleged deceptive business practices with the Illinois attorney general and the Federal Trade Commission.
Energy chief Granholm warns against 'unfettered exports' of liquefied natural gas
Read full article: Energy chief Granholm warns against 'unfettered exports' of liquefied natural gasEnergy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals.
What does Big Tech hope to gain from warming up to Trump?
Read full article: What does Big Tech hope to gain from warming up to Trump?In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January.
Woman who stowed away on flight to Paris arrested again in Buffalo
Read full article: Woman who stowed away on flight to Paris arrested again in BuffaloA Russian woman who was arrested after she stowed away on a flight from New York City to Paris last month has been arrested again in Buffalo.
Global demand spurring Indonesia's mining boom comes at a cost for many communities
Read full article: Global demand spurring Indonesia's mining boom comes at a cost for many communitiesIndonesia's mining industry is rapidly expanding on demand for the minerals needed to help power the global energy transition, like nickel, cobalt and bauxite.
Event promoters, hotels and lodging sites soon will have to disclose extra fees up front
Read full article: Event promoters, hotels and lodging sites soon will have to disclose extra fees up frontThe Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices.
Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts
Read full article: Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest giftsNetflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money.
Business owners should not forget anti-money laundering rule currently in legal limbo
Read full article: Business owners should not forget anti-money laundering rule currently in legal limboSmall business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1.
Who wants a pig organ? Patients sick and tired of waiting years for a transplant
Read full article: Who wants a pig organ? Patients sick and tired of waiting years for a transplantPeople worried they'll never get a scarce human transplant want to know when they might get a pig kidney instead.
Retail sales rose at healthy pace last month in latest sign of US economy's health
Read full article: Retail sales rose at healthy pace last month in latest sign of US economy's healthConsumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.
An Alabama woman is doing well after the latest experimental pig kidney transplant
Read full article: An Alabama woman is doing well after the latest experimental pig kidney transplantAn Alabama woman received a pig kidney transplant last month and is free from dialysis for the first time eight years.
Boston plans to renovate a crumbling stadium for its new women's soccer team. Not everyone is happy
Read full article: Boston plans to renovate a crumbling stadium for its new women's soccer team. Not everyone is happyBoston is planning to renovate a crumbling stadium in one of the city's most diverse neighborhoods for its new professional women's soccer team.
Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC poll
Read full article: Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC pollA new poll finds that Democrats are feeling more pessimistic about the U.S. economy after Donald Trump's victory.
EU investigates TikTok over Romanian presidential election safeguards
Read full article: EU investigates TikTok over Romanian presidential election safeguardsEuropean Union regulators are investigating whether TikTok breached the bloc’s digital rulebook by failing to deal with risks to Romania’s presidential election.
Why is tech giant SoftBank investing over $100 billion in the US?
Read full article: Why is tech giant SoftBank investing over $100 billion in the US?Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States.
Grassroots funding for Ukraine's military declines as groups look for creative ways to raise money
Read full article: Grassroots funding for Ukraine's military declines as groups look for creative ways to raise moneyAdvertisements pasted along the sidewalk in Kyiv ask for donations to help fill financial gaps across Ukraine's military.
Former TV host Carlos Watson gets nearly 10 years in prison in case about failed startup Ozy Media
Read full article: Former TV host Carlos Watson gets nearly 10 years in prison in case about failed startup Ozy MediaFormer talk show host Carlos Watson has been sentenced to nearly 10 years in prison in the federal financial conspiracy case surrounding his once-buzzy Ozy Media.
TikTok asks the Supreme Court for an emergency order to block a US ban unless it's sold
Read full article: TikTok asks the Supreme Court for an emergency order to block a US ban unless it's soldTikTok is asking the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agrees to sell it.
Insider Q&A: High hopes for Australia social media ban and channeling parental 'fury' over tech
Read full article: Insider Q&A: High hopes for Australia social media ban and channeling parental 'fury' over techJulie Scelfo started MAMA — Mothers Against Media Addiction — earlier this year to help parents fight back against the harms of social media on children.
US to require passenger vehicles to sound alarms if rear passengers don't fasten their seat belts
Read full article: US to require passenger vehicles to sound alarms if rear passengers don't fasten their seat beltsStarting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don’t buckle up.
Senate report alleges Amazon rejected warehouse safety recommendations due to productivity concerns
Read full article: Senate report alleges Amazon rejected warehouse safety recommendations due to productivity concernsA U.S. Senate committee says at least two internal Amazon studies have found a relationship between worker speed and injuries in the online retailer's warehouses.
Japan's SoftBank plans to invest $100 billion in US projects over the next four years.
Read full article: Japan's SoftBank plans to invest $100 billion in US projects over the next four years.President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years.
EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet
Read full article: EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleetThe European Union has imposed fresh sanctions on dozens of officials linked to Russia’s war on Ukraine.
Journalists anticipate a renewed hostility toward their work under the incoming Trump administration
Read full article: Journalists anticipate a renewed hostility toward their work under the incoming Trump administrationWhen Donald Trump takes office as president for a second time, many journalists anticipate a hostile climate toward them and their work.
Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meeting
Read full article: Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meetingU.S. stock indexes drifted through mixed trading ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year.
Schools are cutting bus service for children. Parents are turning to ride-hailing apps
Read full article: Schools are cutting bus service for children. Parents are turning to ride-hailing appsReliance on school buses has been waning for years as districts struggle to find drivers and more students attend schools far outside their neighborhoods.
2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks
Read full article: 2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risksThe new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses.
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Read full article: Federal Reserve is likely to slow its rate cuts with inflation pressures still elevatedAmericans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.
Flight takes kids to visit Santa at North Pole scene in transformed Denver airport hangar
Read full article: Flight takes kids to visit Santa at North Pole scene in transformed Denver airport hangarMore than 100 kids have been treated to an airplane flight and visit to a hangar at Denver International Airport that was transformed into the North Pole.
ABC agrees to give $15 million to Donald Trump's presidential library to settle defamation lawsuit
Read full article: ABC agrees to give $15 million to Donald Trump's presidential library to settle defamation lawsuitABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a defamation lawsuit over anchor George Stephanopoulos' inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E.
Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71
Read full article: Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said in a statement.
Trump hosts Apple CEO at Mar-a-Lago as big tech leaders continue outreach to president-elect
Read full article: Trump hosts Apple CEO at Mar-a-Lago as big tech leaders continue outreach to president-electDonald Trump is hosting Apple CEO Tim Cook for a Friday evening dinner at the president-elect’s Mar-a-Lago resort.
Court denies TikTok's request to halt enforcement of potential US ban until Supreme Court review
Read full article: Court denies TikTok's request to halt enforcement of potential US ban until Supreme Court reviewA federal appeals court has left in place a mid-January deadline in a federal law requiring TikTok to be sold or face a ban in the United States.
Unique among 'Person of the Year' designees, Donald Trump gets a fact-check from Time magazine
Read full article: Unique among 'Person of the Year' designees, Donald Trump gets a fact-check from Time magazineDonald Trump got something this year that no other person designated Time magazine's Person of the Year had ever received.
Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise
Read full article: Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise“My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia’s decades-long cinema ban.
Supreme Court will take up a challenge related to California's tough vehicle emissions standards
Read full article: Supreme Court will take up a challenge related to California's tough vehicle emissions standardsThe Supreme Court says it will take up a business-backed appeal that could make it easier to challenge federal regulations, acting in a dispute related to California’s nation-leading standards for vehicle emissions.
A voter-approved Maine limit on PAC contributions sets the stage for a legal challenge
Read full article: A voter-approved Maine limit on PAC contributions sets the stage for a legal challengeA pair of conservative groups are challenging a new Maine law that limits donations to political action committees that spend independently in candidate elections.
OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
Read full article: OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and best avoid an artificial intelligence ‘dictatorship’ is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing conversion into a for-profit company.
Small businesses say cautious shoppers are seeking 'cozy' and 'festive' this holiday season
Read full article: Small businesses say cautious shoppers are seeking 'cozy' and 'festive' this holiday seasonWith a late Thanksgiving, the holiday shopping season is five days shorter than last year, and owners of small retail shops say that people have been quick to snap up holiday décor early, along with gifts for others and themselves.
OpenAI's Altman will donate $1 million to Trump's inaugural fund
Read full article: OpenAI's Altman will donate $1 million to Trump's inaugural fundOpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration.
Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
Read full article: Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchasesElon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022.
After UnitedHealthcare CEO's killing, San Francisco police gave FBI tip about suspect's identity
Read full article: After UnitedHealthcare CEO's killing, San Francisco police gave FBI tip about suspect's identityThe day after a masked gunman killed the CEO of UnitedHealthcare in New York City, police in San Francisco gave the FBI a potentially valuable tip about the identity of the suspect.
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Read full article: Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft feesSome banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.
McKinsey & Company agrees to pay $650M for helping Purdue Pharma boost opioid sales
Read full article: McKinsey & Company agrees to pay $650M for helping Purdue Pharma boost opioid salesMcKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia.
Traffic blockades held throughout Serbia against populist government over roof collapse tragedy
Read full article: Traffic blockades held throughout Serbia against populist government over roof collapse tragedyResidents throughout Serbia have stopped in silence for 15 minutes as part of persistent protests against the populist leadership following the collapse last month of a concrete canopy in the country’s north that killed 15 people.
Moldova declares a state of emergency over energy as fears of Russian gas shortage loom
Read full article: Moldova declares a state of emergency over energy as fears of Russian gas shortage loomMoldova’s parliament has voted in favor of imposing a state of emergency in the energy sector over fears that Russia could leave the European Union candidate country without sufficient natural gas supplies this winter.
China signals it's prepared to double down on support for the economy as Trump tariffs loom
Read full article: China signals it's prepared to double down on support for the economy as Trump tariffs loomChinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy.
Suspected Chinese spy with business ties to Prince Andrew barred from UK
Read full article: Suspected Chinese spy with business ties to Prince Andrew barred from UKA suspected Chinese spy with business ties to Prince Andrew has been barred from the U.K. because of concerns he posed a threat to national security.
Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish
Read full article: Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fishThe incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy.
Trump offers support for dockworkers union by saying ports shouldn't install more automated systems
Read full article: Trump offers support for dockworkers union by saying ports shouldn't install more automated systemsPresident-elect Donald Trump is offering his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports.
Environmental groups condemn new laws threatening soybean restrictions in Brazil's Amazon
Read full article: Environmental groups condemn new laws threatening soybean restrictions in Brazil's AmazonDozens of environmental nonprofits issued a manifesto Thursday condemning new laws in Brazilian states that threaten to dismantle the Amazon soy moratorium.
Drone operators worry that anxiety over mystery sightings will lead to new restrictions
Read full article: Drone operators worry that anxiety over mystery sightings will lead to new restrictionsThe popularity of drones has exploded in recent years, as small unmanned aircraft have become cheap enough for many hobbyists to buy.
Companies tighten security after a health care CEO's killing leads to a surge of threats
Read full article: Companies tighten security after a health care CEO's killing leads to a surge of threatsThe killing of UnitedHealthcare’s CEO in New York has prompted health care companies to rethink and increase security for executives.
From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscure
Read full article: From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscureThe first guest invited to ring the bell at the New York Stock Exchange in 1956 wasn’t a company executive, a politician or a celebrity.
McDonald's employee who called 911 in CEO's shooting is eligible for a reward, but it will take time
Read full article: McDonald's employee who called 911 in CEO's shooting is eligible for a reward, but it will take timeUp to $60,000 in reward money from the FBI and the New York Police Department's Crime Stoppers program was offered for tips leading to a break in the fatal shooting of UnitedHealthcare CEO Brian Thompson.
Luxury real estate broker and his twin held without bail on sex trafficking charges
Read full article: Luxury real estate broker and his twin held without bail on sex trafficking chargesA prominent luxury real estate broker and his identical twin brother have appeared in a Florida courtroom Thursday on sexual assault charges.
Nearly half of US teens are online 'constantly,' Pew report finds
Read full article: Nearly half of US teens are online 'constantly,' Pew report findsNearly half of American teenagers say they are online “constantly,” despite concerns about the effects of social media and smartphones on their mental health.
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Read full article: IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in powerIRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
Senate begins final push to expand Social Security benefits for millions of people
Read full article: Senate begins final push to expand Social Security benefits for millions of peopleThe Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people.
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Read full article: Head of the Federal Aviation Administration to resign, allowing Trump to pick his successorThe head of the Federal Aviation Administration says he will step down next month to let President-elect Donald Trump name his choice to lead the agency.
The White House is cracking down on overdraft fees
Read full article: The White House is cracking down on overdraft feesThe Consumer Financial Protection Bureau said Thursday it's capping overdraft fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.
US applications for jobless benefits rise to highest level in 2 months but remain relatively low
Read full article: US applications for jobless benefits rise to highest level in 2 months but remain relatively lowU.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards.
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Read full article: US wholesale inflation accelerated in November in sign that some price pressures remain elevatedWholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Read full article: Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?Civic engagement nonprofits believe democracy is an exercise in need of constant support — not just extra money around major major campaigns.
China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus
Read full article: China ends planning meeting with vows to stabilize its economy, but gives no details on stimulusChinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures.
Trump is named Time's Person of the Year and rings the New York Stock Exchange's opening bell
Read full article: Trump is named Time's Person of the Year and rings the New York Stock Exchange's opening bellPresident-elect Donald Trump rang the opening bell at the New York Stock Exchange after being recognized by Time magazine as its person of the year.
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
Read full article: ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policiesThe European Central Bank is cutting interest rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs.
Fewer US grandparents are taking care of grandchildren, according to new data
Read full article: Fewer US grandparents are taking care of grandchildren, according to new dataFewer grandparents were taking care of grandchildren, there was a decline in the number of preschoolers and more people were staying put in their homes in the first part of the 2020s compared with the last part of the 2010s.
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
Read full article: New Jersey, home to many oil and gas producers, eyes fees to fight climate changeNew Jersey is considering charging fees on producers of fossil fuels to help the state that is home to several oil and gas facilities fight the effects of climate change.
Australia plans to tax digital platforms that don't pay for news
Read full article: Australia plans to tax digital platforms that don't pay for newsThe Australian government says it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations.
US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
Read full article: US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten productsThe Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses.
Japan's Nissan reshuffles management to fix its money-losing business
Read full article: Japan's Nissan reshuffles management to fix its money-losing businessEmbattled Japanese automaker Nissan has tapped Jeremie Papin as its chief financial officer in a major management reshuffle billed as key to a turnaround.