Latest Business News

Same-sex couples updating legal status after abortion ruling

Jul. 01, 2022 01:42 AM EDT

BIRMINGHAM, Ala. (AP) — Emails and phone calls from same-sex couples, worried about the legal status of their marriages and keeping their children, flooded attorney Sydney Duncan’s office within hours of the Supreme Court’s decision eliminating the constitutional right to abortion. ...

Navy report: Multiple errors poisoned Pearl Harbor water

Jul. 01, 2022 00:18 AM EDT

PEARL HARBOR, Hawaii (AP) — A Navy investigation released Thursday revealed that shoddy management and human error caused fuel to leak into Pearl Harbor's tap water last year, poisoning thousands of people and forcing military families to evacuate their homes for hotels. The...

Court leaves dwindling paths for Biden's climate mission

Jul. 01, 2022 00:13 AM EDT

WASHINGTON (AP) — More than 500 days into his presidency, Joe Biden's hope for saving the Earth from the most devastating effects of climate change may not be dead. But it's not far from it. A Supreme Court ruling Thursday not only limited the Environmental...

New York officials rule against bitcoin-mining power plant

Jul. 01, 2022 00:04 AM EDT

ALBANY, N.Y. (AP) — New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency...

Asian shares mostly lower after pessimistic 'tankan' survey

Jun. 30, 2022 23:50 PM EDT

TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with...

Mudslide leaves 16 dead, over 70 missing in northeast India

Jun. 30, 2022 23:50 PM EDT

GAUHATI, India (AP) — Rescuers found two more bodies as they resumed clearing operations after an overnight halt looking for nearly 70 missing people after a mudslide triggered by weeks of heavy downpours killed at least 16 people at a railroad construction site in India's northeast, officials...

Last-minute deal averts casino strike in Atlantic City

Jun. 30, 2022 23:48 PM EDT

ATLANTIC CITY, N.J. (AP) — The main union for Atlantic City casino workers reached agreements on new contracts with four casinos on Thursday, providing for what one its president called “the best contract we've ever had” and labor peace that will avoid a strike on Fourth of July weekend, one...

El Salvador's Bitcoin-boosting leader buys $1.5 million more

Jun. 30, 2022 23:40 PM EDT

SAN SALVADOR, El Salvador (AP) — El Salvador’s Bitcoin-boosting president was back at it again Thursday, doubling down on his country’s losing investment in the cryptocurrency by buying over $1.5 million more. President Nayib Bukele wrote on his Twitter acount after posting...

Puerto Rico suspends operations of bank amid global probe

Jun. 30, 2022 22:46 PM EDT

SAN JUAN, Puerto Rico (AP) — Authorities announced Thursday they have suspended the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion. The bank was founded...

Puerto Rico board approves budget as legislators quibble

Jun. 30, 2022 22:35 PM EDT

SAN JUAN, Puerto Rico (AP) — The federal control board that oversees the finances of Puerto Rico’s government approved a $12.4 billion budget Thursday for the U.S. territory after legislators failed to approve one amid intense bickering. The board’s version of the budget was...