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2 hours ago

Asian shares rise as vaccine wait tempers Wall St optimism

Asian shares have advanced after China reported its economy expanded at an 18% annual pace in the first quarter of the year
2 hours ago
FILE - In this Jan. 13, 2021 file photo, people walk by the New York Stock Exchange. Stocks are opening higher on Wall Street as traders welcome some strong reports on the economy including a drop in jobless claims and a big increase in retail spending, as well as more robust earnings from big companies including Citigroup and United Healthcare (AP Photo/Mark Lennihan, File)
3 hours ago

How the Kremlin provides a safe harbor for ransomware

A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up
3 hours ago
FILE - A Russian man identified as Alexander Vinnik, center, is escorted by police officers from the courthouse at the northern Greek city of Thessaloniki, in this Friday, Sept. 29, 2017, file photo. Vinnick, convicted of laundering $160 million in criminal proceeds through a cryptocurrency exchange, is currently imprisoned in France and might yield additional information about the intersection of organized cybercrime and the Russian state. (AP Photo/Giannis Papanikos, File)
3 hours ago

Turkey to ban cryptocurrencies for buying goods, services

Turkey’s central bank is banning the use of cryptocurrencies such as bitcoin in payments for goods and services
3 hours ago
April 16

China's growth surges to 18.3% but rebound leveling off

China’s economic growth surged to 18.3% over a year earlier in the first quarter of 2021 but an explosive rebound in factory and consumer activity following the coronavirus pandemic was leveling off
April 16
A worker installs new traffic lights at a junction in Beijing on Thursday, April 15, 2021. China’s economic growth surged to 18.3% over a year earlier in the first quarter of this year as factory and consumer activity recovered from the coronavirus pandemic. (AP Photo/Ng Han Guan)
April 16

SKorean steelmaker to end partnership with Myanmar military

A South Korean steelmaker on Friday said it plans to end a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests there
April 16
South Korean peace activists on the ladders stage a rally supporting Myanmar's democracy, outside the POSCO office in Seoul, South Korea on Feb. 22, 2021. POSCO Coated & Color Steel said Friday, April 16, 2021, it's ending a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests in the country. (AP Photo/Ahn Young-joon)
April 16

US expels Russian diplomats, imposes sanctions for hacking

The U.S. is expelling 10 Russian diplomats and ordering sanctions against dozens of other people and companies
April 16
Russian President Vladimir Putin visits the Coordination Center of the Russian Government in Moscow, Russia, Tuesday, April 13, 2021. The centre was set up as a line of communication with the whole of Russia for analysing and collecting information, promptly using big data and solving arising problems. (Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP)
April 15

Sanctioned Russian IT firm was partner with Microsoft, IBM

Six Russian technology companies have been slapped with sanctions by the U_S_ Treasury Department for supporting Kremlin intelligence agencies for engaging in “dangerous and disruptive cyber attacks."
April 15
April 15

Asian shares mixed as vaccine wait tempers Wall St optimism

Asian shares are mixed as jubilance over positive U.S. economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged
April 15
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 15, 2021. Asian stock markets were mixed Thursday after Wall Street retreated from a record high as major banks reported strong profits at the start of U.S. earnings season. (AP Photo/Lee Jin-man)
April 15

California Legislature OKs bill to help displaced workers

The California Legislature has passed a bill requiring some hotels and event centers to offer laid-off workers their jobs back
April 15
FILE - In this June 25, 2020, file photo, Sen. Nancy Skinner speaks during debate at the Capitol in Sacramento, Calif. The California Legislature has passed a bill Thursday, April 15, 2021, requiring some hotels and event centers to offer laid-off workers their jobs back. Democrats say the the bill protects workers. State Sen. Nancy Skinner, a Democrat from Berkeley, said women lost more jobs and left the workforce in greater numbers than men during the pandemic. "So you could also look at this bill as a very important bill to get women back in the workplace," she said. (AP Photo/Rich Pedroncelli, File)
April 15

A $1.2 billion loss for Delta, but recovery is on the radar

Delta Air Lines says it lost $1.2 billion in the first quarter, but the airline thinks it can be profitable by late summer unless there's a resurgence of COVID-19
April 15
FILE - In this May 14, 2020 file photo, several dozen mothballed Delta Air Lines jets are parked on a closed runway at Kansas City International Airport in Kansas City, Mo. Delta Air Lines says it lost $1.2 billion in the first quarter, but the airline thinks it can by profitable by late summer unless there's a resurgence of COVID-19. Delta reported the results on Thursday, April 15, 2021. (AP Photo/Charlie Riedel, File)
April 15

Equal pay bill passed by House but faces long odds in Senate

House Democrats has approved legislation that they say would help close the gap between what men and women are paid in the workplace, though the measure faces little chance of overcoming Republican opposition in the Senate
April 15
House Speaker Nancy Pelosi of Calif., speaks to the media, Thursday, April 15, 2021, during her weekly briefing on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
April 15

CBS names two executives to lead news, local stations

CBS says it is combining its network news division and troubled group of local stations into a new unit, and has hired two new executives to run it
April 15
April 15

How major US stock indexes fared Thursday

Stocks rallied to more record highs on Wall Street as a suite of stellar data suggested the recovery for the economy and corporate profits is accelerating
April 15
April 15

UnitedHealth, Abiomed rise; Delta, Virgin Galactic fall

Stocks that traded heavily or had substantial price changes Thursday: UnitedHealth, Abiomed rise; Delta, Virgin Galactic fall
April 15
April 15

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
April 15
April 15

After union vote, Bezos vows to do better for Amazon workers

After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos said that as executive chairman he will focus on making the company a better place to work
April 15
Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association Sept. 19, 2018, in National Harbor, Md.
April 15

With layoffs down and spending up, US rebound gains momentum

A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding
April 15
April 15

Lawsuit targets pay practices at Olive Garden's parent

A group that seeks higher guaranteed wages for restaurant workers is suing Olive Garden’s parent company
April 15
FILE - This Monday, June 27, 2016 file photo shows an Olive Garden restaurant in Methuen, Mass. A group that seeks higher guaranteed wages for restaurant workers is suing Olive Garden’s parent company. One Fair Wage filed the lawsuit Thursday, April 15, 2021 against Orlando, Florida-based Darden Restaurants. The lawsuit says Darden pays its tipped workers subminimum wages as low as $2.13 per hour in the 43 states that allow that practice. (AP Photo/Elise Amendola)
April 15

Protests after Germany's top court nixes Berlin rent cap

Thousands of Berliners have taken to the streets to protest a ruling by Germany’s highest court that a cap on rent prices implemented last year by Berlin’s left-wing state government is unconstitutional and void
April 15
Participants gather for a mass rally to protest against a court ruling removing a rent cap in Berlin, Germany Thursday April 15, 2021. The alliance "Together against displacement and #Mietenwahnsinn" gathered Thursday to protest after the court overturned the rent cap. (Christoph Soeder/dpa via AP)
April 15

Safety groups, unions urge US to fix recalled gov't vehicles

More than a dozen consumer groups and three federal employee unions are asking the U.S. government to stop using vehicles in its fleet with unrepaired safety recalls
April 15
FILE - This Nov. 10, 2020 file photo shows the General Services Administration in Washington. More than a dozen consumer groups and three federal employee unions are asking the U.S. government to stop using vehicles in its fleet with unrepaired safety recalls. The group also says on Thursday, April 15, 2021, the General Services Administration is selling vehicles to the public without the repairs being made, including those with potentially dangerous Takata air bags and faulty General Motors ignition switches.(AP Photo/Jacquelyn Martin, File)
April 15

Mercedes rolls out luxury electric car in duel with Tesla

Mercedes-Benz has a new luxury car and it's electric powered
April 15
In this photo provide by German car maker Mercedes and taken in March 2021 shows an EQS car in Stuttgart, Germany. Mercedes-EQ will present the all-electric luxury sedan EQS at a digital world premiere on the Mercedes me media online platform on Thursday, April 15, 2021.The car manufacturer Mercedes-Benz is presenting its battery-powered EQS, which the company is using to expand its electric vehicles. (Mercedes via AP)
April 15

US average mortgage rates fall again; 30-year loan at 3.04%

Mortgage rates fell for a second straight week amid signs of economic improvement
April 15
A "sale pending" sign stands along side a housing lot in Madison County, Miss., Tuesday, March 16, 2021. U.S. long-term mortgage rates continued to edge higher this week as the benchmark 30-year loan stayed above the 3% mark. Rates remain near historic lows, however. (AP Photo/Rogelio V. Solis)
April 15

A year after stocks soared, CEOs must show it was warranted

It's time for big companies to show that their huge stock-price moves over the last year were warranted
April 15
FILE - The New York Stock Exchange is seen in New York, Monday, Nov. 23, 2020. Stocks were moderately higher in early trading Thursday, April 8, 2021, helped again by large technology stocks that have benefitted from a drop in bond yields. (AP Photo/Seth Wenig)
April 15

UnitedHealth ups profit forecast after strong start to year

UnitedHealth’s first-quarter profit jumped about 44%, and the nation’s largest health insurer also hiked its 2021 outlook despite expecting more hits from the COVID-19 pandemic
April 15
FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth profits jumped about 44% in the first quarter and the nation's largest health insurer boosted its outlook for the year. The company said Thursday, April 15, 2021, that the performance of its Optum division was particularly strong. (AP Photo/Jim Mone, File)
April 15

Mideast's largest mall operator to expand amid vaccine hopes

The Middle East’s largest operator of malls expects revenue and earnings to climb back to pre-pandemic levels by the end of next year and is moving full steam ahead with plans to develop its biggest mall ever
April 15
Alain Bejjani, CEO of the Majid Al Futtaim Group, talks to The Associated Press at the Mall of the Emirates in Dubai, United Arab Emirates, Thursday, April 15, 2021. The Middle East's largest operator of malls, Majid Al Futtaim, expects revenue and earnings to climb back to pre-pandemic levels by the end of next year and is moving full steam ahead with plans to develop its biggest mall ever. (AP Photo/Kamran Jebreili)
April 15

Citigroup profit triples in 1Q, tops estimates; revenue down

Citigroup says profits more than tripled in the first quarter, helped by the release of billions of dollars from its loan-loss reserves
April 15
A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again (AP Photo/Mark Lennihan)
April 15

Thermo Fisher buying PPD in deal worth $17.4 billion

Thermo Fisher is buying clinical research company PPD in a deal valued at $17.4 billion
April 15
FILE - This April 26, 2007, file photo, shows the exterior of Thermo Fisher Scientific Inc., in Waltham, Mass. Thermo Fisher is buying clinical research company PPD in a deal valued at $17.4 billion. (AP Photo/Stephan Savoia, File)
April 15

$1,400 stimulus checks helped March retail sales soar 9.8%

Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again
April 15
April 15

U.S. industrial production rises 1.4% as weather warms

American industry rebounded last month as the United States recovered from an unusually frigid February
April 15
FILE - In this May 13, 2020, file photo, Ford Motor Co., line workers put together ventilators that the automaker is assembling at the Ford Rawsonville plant in Ypsilanti Township, Mich. Severe winter weather pushed industrial production down a sharp 2.2% in February, reflecting a big decline in factory output. The Federal Reserve reported Tuesday, March 16, 2021, that the sharp fall in industrial output interrupted a string of positive gains beginning in October as U.S. factories were recovering from the pandemic-induced recession of last spring. (AP Photo/Carlos Osorio, File)
April 15

Walmart invests in GM's Cruise autonomous vehicle subsidiary

Walmart and some institutional investors have joined the latest investment in Cruise, bumping the capital influx into the General Motors autonomous vehicle subsidiary from about $2 billion to $2.75 billion
April 15
April 15

U.S. retail sales soared 9.8% in March as more Americans were vaccinated and spent $1,400 stimulus checks

U.S. retail sales soared 9.8% in March as more Americans were vaccinated and spent $1,400 stimulus checks
April 15
April 15

Turkish central bank maintains key rate unchanged at 19%

Turkey’s central bank has kept a key interest rate unchanged at 19%, in its first rate decision since the surprise appointment of a new governor that shook confidence in the country's economy
April 15
April 15

The Latest: WHO: Europe surpasses 1 million COVID-19 deaths

A top official from the World Health Organization says Europe has surpassed 1 million deaths from COVID-19
April 15
World Health organization Director for Europe Hans Kluge speaks to media during a press conference where he said he would take an AstraZeneca vaccine when his turn comes for inoculation, at a vaccination center in Bucharest, Romania, Wednesday, April 7, 2021. British authorities recommended Wednesday that the AstraZeneca COVID-19 vaccine not be given to adults under 30 where possible because of strengthening evidence that the shot may be linked to rare blood clots, a recommendation that came as regulators both in the United Kingdom and the European Union emphasized that the benefits of receiving the vaccine continue to outweigh the risks for most people — even though the European Medicines Agency said it had found a "possible link" between the shot and the rare clots.(AP Photo/Andreea ALexandru)
April 15

Bank of America profit doubles in 1Q to $8.1 billion

Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic
April 15
Bank of America signage is shown Wednesday, Feb. 10, 2021, in Atlanta. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again(AP Photo/John Bazemore)
April 15
April 15

EU top court backs bloc in ban on electric pulse fishing

The European Union’s highest court has backed the bloc’s decision to ban as of July the practice of using electric shocks to stun fish before scooping them up in nets
April 15
April 15

Chipmaker TSMC says profit up 16.7% as demand revives

Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of processor chips, says quarterly profit rose 16.7% over a year ago as global demand strengthened
April 15
April 15

EXPLAINER: Charmed by Madoff, SEC later tightened its rules

Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as a charming wizard with a Midas touch
April 15
FILE - In this Jan. 14, 2009 file photo, Bernie Madoff leaves Federal Court in New York. Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died early Wednesday, April 14, 2021, in a federal prison, a person familiar with the matter told The Associated Press. ( AP Photo/Stuart Ramson, File
April 14

Asian stock markets mixed after Wall St retreats from record

Asian stock markets are mixed after Wall Street retreated from a record high as major banks announced strong profits
April 14
In this photo provided by the New York Stock Exchange, traders work on the floor, Wednesday April 14, 2021. U.S. stock indexes are tacking a bit more onto their record highs in midday trading Wednesday after big banks kicked off a highly anticipated earnings reporting season with profits that thundered past Wall Street's expectations. (Colin Ziemer/New York Stock Exchange via AP)
April 14

Epic drought means water crisis on Oregon-California border

Federal officials announced Wednesday that farmers who rely on a massive irrigation project spanning the Oregon-California border will get 8% of the deliveries they need amid a severe drought
April 14
April 14

Ponzi schemer Bernie Madoff dies in prison at 82

Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, has died in prison
April 14
FILE - In this Tuesday, March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in prison, a person familiar with the matter tells The Associated Press(AP Photo/David Karp, File)
April 14

Study finds that blocking seats on planes reduces virus risk

A new study says leaving middle seats open could reduce the risk of airline passengers contracting the virus that causes COVID-19
April 14
April 14

Kimberly Godwin makes network history as next president of ABC News

She is the first Black woman to lead a major broadcast news network.
April 14
Kimberly Godwin has been named the new president of ABC News.
April 14

Big-business pushback against voting measures gains momentum

A pushback against new voting bills and laws in numerous states is gaining momentum
April 14
FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. A multitude of big-name businesses and high-profile individuals, including Buffett, Amazon and Facebook are showing their support for voters’ rights. In a letter published in The New York Times, the group stressed that Americans should be allowed to cast ballots for the candidates of their choice. “For American democracy to work for any of us, we must ensure the right to vote for all of us,” they wrote. (AP Photo/Nati Harnik, File)
April 14

Nashville mayor: Oracle to bring 8500 jobs, $1.2B investment

Officials in Tennessee say the Texas-based Oracle Corporation plans to bring 8,500 jobs and a $1.2 billion investment to Nashville
April 14
April 14

To retain workers, Walmart moves more of them full time

Walmart is moving more of its workers to full time
April 14
Customers wait in line outside a Walmart Supercenter store, due to COVID-19 restrictions on store capacity, Wednesday, April 7, 2021, in Miami. Walmart is moving more of its workers full time, with the goal of having two-thirds of its U.S. store hourly jobs be full-time with more consistent work schedules by early next year. With this move, announced Wednesday, April 14, the nation’s largest private employer says it will have 740,000 of its 1.2 million U.S. Walmart hourly store workers be full-time by Jan. 31. (AP Photo/Wilfredo Lee)
April 14

Coinbase soars in market debut, valued near $86 billion

Coinbase has made a rousing debut on Wall Street
April 14
The mobile phone icon for the Coinbase app is shown in this photo, in New York, Tuesday, April 13, 2021. Coinbase is going public at a time when chatter about cryptocurrencies is everywhere, even at the United States Federal Reserve. (AP Photo/Richard Drew)
April 14

How major US stock indexes fared Wednesday

Most U.S. stocks rose Wednesday following an encouraging start to what’s expected to be a thunderous earnings reporting season, but major indexes still ended mixed as drops in several tech heavyweights including Apple and Facebook weighed them down
April 14
April 14

Moderna, Valero rise; Stitch Fix, Discovery fall

Stocks that traded heavily or had substantial price changes Wednesday: Moderna, Valero rise; Stitch Fix, Discovery fall
April 14
April 14

New Treasury office to oversee billions in virus relief help

The Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession
April 14
FILE - In this Feb. 5, 2021, file photo, Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from Black Chambers of Commerce across the country to discuss the American Rescue Plan in Washington. Last year’s coronavirus-triggered market turmoil exposed vulnerable areas in the U.S. economy that need to be addressed by the nation's top-level financial supervisory group, Yellen said Wednesday, March 31, 2021. (AP Photo/Jacquelyn Martin, File)