Latest Business News

Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-Fried

Oct. 03, 2023 00:21 AM EDT

NEW YORK (AP) — Sam Bankman-Fried, a tech wunderkind who once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency, faces the start of a criminal trial over allegations that he cheated thousands of customers. Jury selection begins...

China Evergrande soars after property developer's stocks resume trading

Oct. 03, 2023 00:19 AM EDT

HONG KONG (AP) — Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. ...

Trump's civil fraud trial in New York to get down to business after fiery first day

Oct. 03, 2023 00:07 AM EDT

NEW YORK (AP) — After a fiery first day of opening arguments, lawyers in Donald Trump's business fraud trial in New York will move on Tuesday to the more plodding task of going through years of his financial documents in what's expected to be a weekslong fight over whether they constitute proof...

Late-night shows return after writers strike as actors resume talks that could end their standoff

Oct. 02, 2023 23:37 PM EDT

LOS ANGELES (AP) — Late-night talk shows began their return to the air after a five-month absence brought on by the Hollywood writers strike, while actors completed the first day of talks that could end their own long work walk-off. CBS's “ The Late Show With Stephen Colbert,”...

Malaysians urged not to panic-buy local rice after import prices rise substantially

Oct. 02, 2023 23:36 PM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's government has reassured the country that enough rice is available and urged people not to hoard locally produced rice after recent panic-buying led to empty shelves in supermarkets and grocery stores nationwide. Agriculture and Food...

Kansas police chief who led raid on small weekly newspaper has resigned, official says

Oct. 02, 2023 22:49 PM EDT

TOPEKA, Kan. (AP) — The police chief who led an August raid on a small weekly newspaper in central Kansas resigned Monday, just days after he was suspended from his post and following the release of body camera video of the raid showing an officer searching the desk of a reporter investigating...

Central Kansas police chief who led raid on small weekly newspaper has resigned, City Council member confirms

Oct. 02, 2023 20:46 PM EDT
MARION, Kan. (AP) — Central Kansas police chief who led raid on small weekly newspaper has resigned, City Council member confirms.

Washington state minimum wage moving up to $16.28 per hour

Oct. 02, 2023 20:39 PM EDT

SEATTLE (AP) — Washington state’s minimum wage will increase 54 cents to $16.28 an hour next year. The Washington Department of Labor and Industries made the announcement Friday, The Seattle Times reported. A full-time worker making that wage would earn nearly $34,000 per year....

Elon Musk facing defamation lawsuit in Texas over posts that falsely identified man in protest

Oct. 02, 2023 19:01 PM EDT

AUSTIN, Texas (AP) — A California man who says he was harassed after Elon Musk amplified posts on his social media platform X, formerly known as Twitter, that falsely placed the man at a confrontation involving far-right protesters sued the billionaire for defamation in a lawsuit filed Monday. ...

Government sues Union Pacific over using flawed test to disqualify color blind railroad workers

Oct. 02, 2023 18:49 PM EDT

OMAHA, Neb. (AP) — The federal government has joined more than a dozen former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train. The...