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1 hour ago

Javier Milei, the hard rocker in Argentina's highest office, turns his book talk into wild show

A book presentation about neoclassical economic theory may not sound like a crowd-pleaser
1 hour ago
Argentine President Javier Milei sings at a promotional event for his new book in Buenos Aires, Argentina, Wednesday, May 22, 2024. (AP Photo/Gustavo Garello)
May 22

Buy now, pay later companies must adhere to credit card standards, consumer agency says

The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders
May 22
FILE - Consumer Financial Protection Bureau Director Rohit Chopra speaks from the South Court Auditorium on the White House complex in Washington, April 11, 2022. The Consumer Financial Protection Bureau says in a new rule that buy now, pay later lenders are basically credit card providers and must provide the same protections and rights that apply to those lenders. (AP Photo/Jacquelyn Martin, File)
May 22

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies an...
May 22
May 22

Wind towers crumpled after Iowa wind farm suffers rare direct hit from powerful twister

A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive power-producing towers, including one that burst into flames
May 22
The remains of a tornado-damaged wind turbine touch the ground in a field, Tuesday, May 21, 2024, near Prescott, Iowa. (AP Photo/Charlie Neibergall)
May 22

Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments

Longtime Apple executive Phil Schiller has acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn’t done much to increase competition — a shortcoming that could result in a federal judge demanding more changes
May 22
Apple executive Phil Schiller, left, goes through courthouse security in Oakland, Calif., on May 22, 2024 before testifying in an ongoing legal battle over the fees the iPhone maker is charging for digital transactions completed in apps using independent payment systems. (AP Photo/Mike Liedtke)
May 22

Nashville council rejects proposed sign for Morgan Wallen's new bar, decrying his behavior

Nashville councilmembers have rejected a plan to erect a glowing sign at Morgan Wallen’s new bar along a neon-lit strip of honky tonks in the city's downtown
May 22
FILE - Morgan Wallen performs during the 56th annual CMA Awards, Nov. 9, 2022, at the in Nashville, Tenn. On Tuesday, May 21, 2024, Nashville councilmembers rejected plans for a glowing sign at Wallen's new bar along the city's neon-lit strip of honky tonks, citing his use of a racial slur publicized in 2021 and his recent criminal charges of throwing a chair off a rooftop and nearly hitting two police officers. (AP Photo/Mark Humphrey, File)
May 22

Nvidia's results top Wall Street estimates as profit soars, bolstering its dominance in chips fueling the AI boom

Nvidia's results top Wall Street estimates as profit soars, bolstering its dominance in chips fueling the AI boom
May 22
May 22

How major US stock indexes fared Wednesday, 5/22/2024

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market
May 22
May 22

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for July delivery fell $1.09 to $77.57 per barrel Wednesday
May 22
May 22

$100 million for equity: MacArthur Foundation's new big bet and mandate

The MacArthur Foundation will let loose another $100 million to a single project in the third installation of its global 100&Change competition, which for the first time requires applicants to address diversity, equity, and inclusion issues, the founda...
May 22
FILE - Characters from Sesame Street Live appear on the street by Madison Square Garden in New York, Feb. 10, 2010. MacArthur Foundation will donate $100 million to the winner of its 100&Change competition. The first 100&Change challenge was awarded in 2017 to a collaboration between Sesame Workshop and the International Rescue Committee to provide educational programming to refugee children in the Middle East. (AP Photo/Kathy Willens, File)
May 22

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now...
May 22
FILE - Federal Reserve Board Chair Jerome Powell speaks at a news conference at the Federal Reserve in Washington, May 1, 2024. On Wednesday, May 22, 2024, the Federal Reserve releases minutes from its most recent policy meeting. (AP Photo/Susan Walsh, File)
May 22

FDIC head who oversaw alleged 'toxic culture' to stay until his replacement

Martin Gruenberg, a Democrat, said he will remain in the top post at the FDIC until a replacement can be confirmed by the Senate, which could take months.
May 22
Martin Gruenberg, a Democrat, said he will remain in the top post at the FDIC until a replacement can be confirmed by the Senate, which could take months.
May 22

Judge signs off on $600 million Ohio train derailment settlement but residents still have questions

A federal judge has signed off on the $600 million class action settlement over last year's disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of t...
May 22
FILE - A black plume rises over East Palestine, Ohio, as a result of the controlled detonation of a portion of the derailed Norfolk Southern trains Monday, Feb. 6, 2023. A federal judge on Tuesday, May 21, 2024, has signed off on the $600 million class action settlement over last year's disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of the deal. (AP Photo/Gene J. Puskar, File)
May 22

Private investment firms partner to potentially cash in following sweeping changes in college sports

Two private investment firms have created a platform to help athletic departments find funding with college sports on the verge of sweeping change that could have long-term financial implications
May 22
FILE - Wisconsin's Traevon Jackson dribbles past the NCAA logo during practice at the NCAA men's college basketball tournament March 26, 2014, in Anaheim, Calif. University presidents around the country are scheduled to meet this week in May 2024, to vote on whether to accept a proposed settlement of an antitrust lawsuit that would cost the NCAA nearly $3 billion in damages. (AP Photo/Jae C. Hong, File)
May 22

Cybersecurity labeling for smart devices aims to help people choose items less likely to be hacked

Smart devices like baby monitors, fitness trackers and internet-connected appliances will soon be eligible for labels certifying that they meet federal cybersecurity standards
May 22
FILE - White House press secretary Karine Jean-Pierre talks about a cybersecurity certification and labeling program at the White House in Washington, July 18, 2023. Smart devices like baby monitors, fitness trackers and internet-connected appliances will soon be eligible for labels certifying that they meet federal cybersecurity standards. Federal officials said Wednesday that the first “Cyber Trust” labels could appear in time for the holiday shopping season. The White House announced the labels last year to help consumers avoid devices that are vulnerable to hacking. (AP Photo/Susan Walsh, File)
May 22

Target, Lululemon fall; Petco, Dycom rise, Wednesday, 5/22/2024

Stocks that traded heavily or had substantial price changes on Wednesday: Target, Lululemon fall; Petco, Dycom
May 22
May 22

Peloton cuts ties with Sean ‘Diddy’ Combs

Plus, Caitlin Clark scores a huge business deal, and ABC News’ Alexis Christoforous receives a Gracie Award.
May 22
VIDEO: Peloton cuts ties with Sean ‘Diddy’ Combs
May 22

China sanctions US defense-related companies and executives over Russia, Taiwan

China has sanctioned 12 defense-related U.S. companies and 10 executives over arms sales to Taiwan and to retaliate for earlier American sanctions on Chinese companies tied to Russia
May 22
May 22

Dumping oil at sea leads to $2 million fine for shipping companies

Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans
May 22
May 22

Use of Wegovy and other weight-loss drugs soars among kids and young adults

Use of diabetes and obesity medications such as Ozempic, Wegovy and other so-called GLP-1 drugs has soared among teens and young adults
May 22
FILE - This image provided by Novo Nordisk in January 2023, shows packaging for the company's Wegovy drug. Even as millions of older adults clamor for drugs such as Ozempic and Wegovy, monthly use of the medications known as GLP-1 receptor agonists soared nearly 600% between 2020 and 2023 in people under 25 – and as young as 12. (Novo Nordisk via AP, File)
May 22

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom
May 22
FILE - Nvidia CEO Jensen Huang makes the keynote address at Nvidia GTC in San Jose, Calif. on March 18, 2024. Nvidia reports earnings on Wednesday, May 22, 2024. (AP Photo/Eric Risberg)
May 22

US existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices
May 22
FILE - A housing development in Middlesex, Pa., is shown on March 29, 2024. The National Association of Realtors reports on existing home sales for April on Wednesday, May 22, 2024. (AP Photo/Gene J. Puskar, File)
May 22

Former UK Post Office boss breaks down in inquiry over scandal that saw hundreds wrongly convicted

The former head of Britain’s Post Office Paula Vennells has broken down in tears on several occasions while giving evidence to an inquiry into one of the country’s biggest miscarriages of justice that saw hundreds of branch managers wrongly convicted o...
May 22
Screen grab taken from the Post Office Horizon IT Inquiry of former Post Office boss Paula Vennells becoming tearful for a second time whilst giving evidence to the inquiry at Aldwych House, as part of phases five and six of the probe, which is looking at governance, redress and how the Post Office and others responded to the scandal, in central London on Wednesday May 22, 2024. (Post Office Horizon IT Inquiry/PA via AP)
May 22

Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in BuzzFeed

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed
May 22
FILE - Vivek Ramaswamy speaks during the Conservative Political Action Conference, CPAC 2024, at National Harbor, in Oxon Hill, Md., Saturday, Feb. 24, 2024. Ramaswamy had purchased a 7.7% stake in Buzzfeed, the Pulitzer Prize winning digital media outlet that went into restructuring last year. Shares skyrocketed more than 50% before the market open on Wednesday, May 22. (AP Photo/Alex Brandon, File)
May 22

Anonymous gifts are common. But a climate group says a $10 million gift it got is an all-out mystery

A climate philanthropy organization, Giving Green, received a $10 million anonymous donation in April and thinks that the same donor may have given even more
May 22
File - A coal-fired power plant is silhouetted against the morning sun on July 27, 2018, in Glenrock, Wyo. A climate philanthropy organization, Giving Green, received a $10 million anonymous donation in April, 2024, and thinks that the same donor may have given even more. (AP Photo/J. David Ake, File)
May 22

At international energy conference, delegates push to make clean cooking accessible to all

Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency
May 22
FILE - A sack of charcoal is filled in Gulu, Uganda on May 27, 2023. (AP Photo/Hajarah Nalwadda, File)
May 22

Target sales decline to start the year, but it sees improvement

Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending
May 22
FILE - Merchandise is displayed at a Target store Nov. 15, 2023, in Orlando, Fla. Target reports earnings on Wednesday, May 22, 2024. (AP Photo/John Raoux, File)
May 22

How is the violent unrest in New Caledonia impacting global nickel prices?

Global nickel prices have been soaring since violence erupted in the French Pacific territory of New Caledonia last week
May 22
FILE - A burnt car store is pictured in Noumea, New Caledonia, on May, 14, 2024. Global nickel prices have soared since deadly violence erupted in the French Pacific territory of New Caledonia. (AP Photo/Cedric Jacquot, File)
May 22

Stock market today: Wall Street retreats from its records as worries about high interest rates weigh

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market
May 22
American flags fly on the front of the New York Stock Exchange near the intersection of Broad and Wall Streets on Wednesday, May 22, 2024, in New York. Markets on Wall Street were mixed early Wednesday but remain at or above record levels as more results from retailers take center stage amid a dearth of economic news. (AP Photo/Peter Morgan)
May 22

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills
May 22
Britain's Prime Minister Rishi Sunak in Downing Street in London Wednesday May 22, 2024, after speaking about the latest inflation figures. Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. (Stefan Rousseau/Pool Photo via AP)
May 22

South Africa election: How Mandela's once revered ANC lost its way

South Africa’s African National Congress rose above politics for years
May 22
File — Opposition Economic Freedom Fighters (EFF) leader Julius Malema addresses supporters and volunteers ahead of the party's manifesto launch near Durban, South Africa, Thursday, Feb. 8. 2024. Today the ruling African National Congress (ANC) faces growing dissatisfaction from many who feel it has failed to live up to its promises. (AP Photo/Tsvangirayi Mukwazhi)
May 22

Hawaii court orders drug companies to pay $916 million in Plavix blood thinner lawsuit

Hawaii's attorney general says a court has ordered the manufacturers and distributors of the blood thinner Plavix to pay the state a combined $916 million after finding the companies failed to disclose the efficacy and safety of the medication
May 22
May 22

Families of Uvalde school shooting victims are suing Texas state police over botched response

The families of 19 of the victims in the Uvalde elementary school shooting in Texas have filed a $500 million federal lawsuit against 92 state police officers who were part of the botched law enforcement response
May 22
Families of the victims in the Uvalde elementary school shooting listen to attorney Josh Koskoff during a news conference, Wednesday, May 22, 2024, in Uvalde, Texas. The families of 19 of the victims announced a lawsuit against nearly 100 state police officers who were part of the botched law enforcement response. The families say they also agreed a $2 million settlement with the city, under which city leaders promised higher standards and better training for local police. (AP Photo/Eric Gay)
May 22

Russian attacks on Ukraine power grid touch Kyiv with blackouts ahead of peak demand

Sustained Russian attacks on Ukraine’s power grid in recent weeks have forced leaders of the war-ravaged country to institute nationwide rolling blackouts
May 22
German's Foreign Minister Annalena Baerbock speaks to Ukrainian Energy Minister Herman Halushchenko during official visit to a thermal power plant which was destroyed by a Russian rocket attack in Ukraine, Tuesday, May 21, 2024. (AP Photo/Evgeniy Maloletka)
May 22

Barbie will make dolls to honor Venus Williams and other star athletes

Barbie dolls will honor tennis champion Venus Williams and eight other athletes as part of a project announced by Mattel
May 22
This undated photo provided by Mattel Inc., shows Venus Williams holding a Venus Williams Barbie Doll. Barbie dolls will honor tennis champion Venus Williams and eight other athletes as part of a project announced by Mattel on Wednesday, May 22, 2024. (Mattel Inc. via AP)
May 21

Japan racks up trade deficit as imports balloon due to cheap yen

Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the cost of imports, offsetting a jump in exports
May 21
FILE - A national flag flies near a container port in Tokyo, on Jan. 20, 2022. Japan’s trade deficit in April grew nearly 8% from a year earlier as the weak yen boosted the value of imports, offsetting gains from a jump in exports, government data showed Wednesday, May 22, 2024. (AP Photo/Eugene Hoshiko, File)
May 21

Petrochemical company fined more than $30 million for 2019 explosions near Houston

A Texas petrochemical company has pleaded guilty to a violation of the Clean Air Act and agreed to pay more than $30 million in connection with two explosions that injured workers and caused the evacuation of thousands
May 21
May 21

New cars in California could alert drivers for breaking the speed limit

A bill before California lawmakers would require new cars sold in the state in coming years to beep a warning whenever drivers exceed the speed limit by at least 10 mph
May 21
FILE -- A person watches as traffic drives across the Golden Gate Bridge in Sausalito, Calif., on March 1, 2024. The California Senate passed a bill on Tuesday, May 21, 2024, that would eventually require all new cars sold in California to alert drivers once they exceed the speed limit by 10 miles per hour. (AP Photo/Jeff Chiu,File)
May 21

Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals

Mastercard says it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal
May 21
FILE - A sign indicating MasterCard credit cards are accepted is posted at a New York business, Jan. 21, 2015. Mastercard said Wednesday, May 21, 2024, that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. (AP Photo/Mark Lennihan, File)
May 21

New ice cream flavors bring pizzazz to the dessert dishes

Mac and Cheese, Pizza and Ranch are just a few new ice cream flavors that've become available to consumers. The Panel discuss what flavor consumers may flock to.
May 21
VIDEO: New ice cream flavors bring pizzazz to the dessert dishes
May 21

Donald Trump's campaign says it will begin accepting contributions through cryptocurrency

Donald Trump’s presidential campaign will begin accepting donations in cryptocurrency, the presumptive Republican presidential nominee’s campaign says
May 21
Former President Donald Trump speaks alongside his attorney Todd Blanche following the day's proceedings in his trial Tuesday, May 21, 2024, in Manhattan Criminal Court in New York. (Michael M. Santiago/Pool Photo via AP)
May 21

Maker of popular weedkiller amplifies fight against cancer-related lawsuits

The maker of a popular weedkiller is planning to amplify its push for legal protection against lawsuits claiming it failed to warn the product could cause cancer
May 21
A billboard supporting legislation that would provide legal protection to manufacturers of pesticides such as Bayer's popular weedkiller Roundup, is shown in Jefferson City, Mo., on May 13, 2024. (AP Photo/David A. Lieb)
May 21
FILE - Commuters wait to drive through the Holland Tunnel into New York City during morning rush hour traffic in Jersey City, N.J.,, Wednesday, March 8, 2023. A study published Wednesday, May 22, 2024, says U.S. vehicles hit a record average age of 12.6 years in 2024 as people continue to hang on to their rides largely because new ones cost so much. (AP Photo/Ted Shaffrey, File)
May 21

What is in-flight turbulence, and when does it become dangerous for passengers and crews?

The death of a British man and injuries impacting dozens of other people aboard a Singapore Airlines flight have highlighted the potential dangers of flying through extreme turbulence
May 21
The Boeing 777-300ER aircraft of Singapore Airlines, flight SQ321 from Heathrow is seen on tarmac after requesting an emergency landing at Bangkok's Suvarnabhumi International airport, Thailand, Tuesday, May 21, 2024. One person has died aboard a London-Singapore flight that encountered severe turbulence, Singapore Airlines said Tuesday, in which the plane apparently plummeted for a number of minutes before it was diverted to Bangkok, where emergency crews rushed to help injured passengers amid stormy weather. (Pongsakorn Rodphai via AP)
May 21

Israel's block of AP transmission shows how ambiguity in law could restrict war coverage

The shutdown and seizure by Israel of an Associated Press video camera that provided a live glimpse into Gaza raised concerns about how a new media law could be used to restrict war coverage
May 21
AP video equipment is laid on the floor of an apartment block in Sderot, Southern Israel, shortly before it was seized by Israeli officials, Tuesday, May 21, 2024. Israeli officials seized the camera and broadcasting equipment belonging to The Associated Press in southern Israel on Tuesday, accusing the news organization of violating the country's new ban on Al Jazeera. Shortly before the equipment was seized, it was broadcasting a general view of northern Gaza. (AP Photo/Josphat Kasire)
May 21

Federal jury rules against couple who sued Arkansas steakhouse over social-distancing brawl

A federal jury has ruled against a Black couple who sued a Little Rock steakhouse over a fight the couple had with white customers who weren't wearing masks and stood too close during the COVID-19 pandemic
May 21
May 21

How major US stock indexes fared Tuesday, 5/21/2024

U.S. stock indexes drifted higher to set more records following another quiet day of trading
May 21
May 21

Small business owners are more undecided about the election than the general public

Small business owners are more undecided about the election than the general public
May 21
FILE - In this Nov. 3, 2020, file photo, mostly masked northern Nevadans wait to vote in-person at Reed High School in Sparks, Nev., prior to polls closing. early voting, Sunday, March 15, 2020, in Steubenville, Ohio. Small business owners are more undecided about the election than the general public. That's according to a new survey by Goldman Sachs 10,000 Small Businesses Voices. (AP Photo/Scott Sonner, File)
May 21

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery fell 54 cents to $79.26 per barrel Tuesday
May 21
May 21

Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise, Tuesday, 5/21/2024

Stocks that traded heavily or had substantial price changes on Tuesday: Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise
May 21