Latest Business News

N. Carolina church says it lost nearly $800K in email scam

Jan. 28, 2023 17:40 PM EST

ELKIN, N.C. (AP) — Leaders of a northwestern North Carolina church say cybercriminals stole nearly $800,000 that the congregation spent years raising to build a new sanctuary that's supposed to be completed in a few months. It happened in November when Elkin Valley Baptist Church...

Lots of sound and fury on US debt, but not a crisis — yet

Jan. 28, 2023 15:59 PM EST

WASHINGTON (AP) — For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point ... at least not yet. The national debt is at the core of a dispute about how to raise the government's legal borrowing authority, a...

TV anchors T.J. Holmes, Amy Robach leave ABC amid romance

Jan. 28, 2023 14:03 PM EST

NEW YORK (AP) — T.J. Holmes and Amy Robach, anchors at the afternoon extension of ABC's “Good Morning America,” are leaving the network after their romance was reported in November. The pair were taken off the air and placed on temporary hiatus after photos surfaced of them...

Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli

Jan. 28, 2023 13:07 PM EST

CAIRO (AP) — Italy’s prime minister held talks in Libya on Saturday with officials from the country’s west-based government focusing on energy and migration, top issues for Italy and the European Union. During the visit, the two countries' oil companies signed a gas deal worth $8 billion —...

FTX's Sam Bankman-Fried, DOJ tussle over his communications

Jan. 28, 2023 12:46 PM EST

Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers. The...

Challenge for Tunisian democracy: Getting voters to show up

Jan. 28, 2023 12:00 PM EST

TUNIS, Tunisia (AP) — Tunisia was once the Arab world’s hope for a new era of democracy. Now it’s in the midst of an election that’s more of an embarrassment than a model. Barely 11% of voters turned out in the first round of parliamentary elections last month, boycotted by...

Is tipping getting out of control? Many consumers say yes

Jan. 28, 2023 10:37 AM EST

NEW YORK (AP) — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re...

Gas prices shoot up in NJ, around nation amid mild weather

Jan. 28, 2023 09:54 AM EST

TRENTON, N.J. (AP) — Gas prices shot up in New Jersey and around the country at large amid increased demand during unusually mild weather and a slight increase in crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on...

Philippines probes labor abuses in Kuwait after new killing

Jan. 28, 2023 07:03 AM EST

MANILA, Philippines (AP) — The Philippine government said Saturday it will take steps to assess and prevent abuses including rape and maltreatment of Filipino workers in Kuwait, after a housemaid was killed and dumped in a desert in the oil-rich emirate. The remains of Jullebee...

Flights canceled as UK airline Flybe sinks into bankruptcy

Jan. 28, 2023 05:48 AM EST

LONDON (AP) — Struggling U.K. regional airline Flybe collapsed for the second time in three years Saturday, putting jobs on the line and leaving passengers stranded. The airline initially slumped into bankruptcy in March 2020, shedding 2,400 jobs, as coronavirus restrictions...