Latest Business News

Stock market today: Wall Street climbs as earnings season gets underway

Jul. 12, 2024 10:29 AM EDT

NEW YORK (AP) — U.S. stock indexes are rising Friday following some mixed signals on big banks' profits and on inflation. The S&P 500 was up 0.5% in morning trading and on track to close out its fifth winning week in the last six. The Dow Jones Industrial Average was up 158...

Data of nearly all AT&T customers downloaded to a third-party platform in security breach

Jul. 12, 2024 10:23 AM EDT

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a 2022 security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally. The breach hit customers...

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Jul. 12, 2024 10:22 AM EDT

WASHINGTON (AP) — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price...

Finnish lawmakers approve controversial law to turn away migrants at border with Russia

Jul. 12, 2024 10:17 AM EDT

HELSINKI (AP) — Finnish lawmakers on Friday narrowly approved a controversial bill that will allow border guards to turn away third-country migrants attempting to enter from neighboring Russia and reject their asylum applications because Helsinki says Moscow is orchestrating an influx of migrants...

One Tech Tip: What to do if your personal info has been exposed in a data breach

Jul. 12, 2024 09:41 AM EDT

LONDON (AP) — Data breaches like the most recent one involving AT&T customers are becoming an almost regular occurrence. As more of our lives move online, our personal data like email addresses, phone numbers, birthdates and even passcodes are becoming ever more vulnerable to...

Increasingly popular 'parametric insurance' helps farmers and others hit hard by extreme weather

Jul. 12, 2024 09:41 AM EDT

MINDANAO, Philippines (AP) — Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him, thanks in...

Senator calls out Big Tech's new approach to poaching talent, products from smaller AI startups

Jul. 12, 2024 09:19 AM EDT

In the race to stay ahead in artificial intelligence, the biggest technology companies are swallowing up the talent and products of innovative AI startups without formally acquiring them. San Francisco-based Adept announced a deal late last month that will send its CEO and key...

JPMorgan Q2 profit jumps as bank cashes in Visa shares, but higher interest rates also help results

Jul. 12, 2024 08:47 AM EDT

NEW YORK (AP) — JPMorgan Chase’s profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc. But the bank's results were also helped by higher interest rates, as well as consumers who seemed to still want to spend, despite geopolitical and...

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Jul. 12, 2024 08:36 AM EDT
WASHINGTON (AP) — US wholesale inflation picked up in June in sign that some price pressures remain elevated.

Citigroup: Q2 Earnings Snapshot

Jul. 12, 2024 08:15 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported second-quarter profit of $3.22 billion. The bank, based in New York, said it had earnings of $1.52 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts...