Latest Business News
The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?
WASHINGTON (AP) — TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular...
Journalists critical of their own companies cause headaches for news organizations
NEW YORK (AP) — This spring, NBC News, The New York Times and National Public Radio have each dealt with turmoil for essentially the same reason: journalists taking the critical gaze they deploy to cover the world and turning it inward at their own employers. Whistleblowing isn't...
‘The movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo reckoning
NEW YORK (AP) — #MeToo founder Tarana Burke has heard it before. Every time there’s a legal setback, the movement is declared dead in the water. A legal success, and presto, it’s alive again. So Burke, who nearly two decades ago coined the phrase “Me too” from her work with...
Rooting for Trump to fail has made his stock shorters millions
NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business...
Trading Trump: Truth Social's first month of trading has sent investors on a ride
WASHINGTON (AP) — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. ...
Antiwar protesters' calls for divestment at universities put spotlight on how endowments are managed
“Divest from death” read the bubble letters written in chalk on the sidewalk on Tuesday outside of The New School in New York City. The slogan articulates one of the demands of the antiwar protests on campuses which call on colleges or universities to divest their endowments...
Stock market today: Asian benchmarks mostly climb despite worries about US economy
TOKYO (AP) — Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. In March, it...
Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses
NASHVILLE, Tenn. (AP) — Tennessee's GOP-controlled General Assembly on Thursday adjourned for the year, concluding months of tense political infighting that doomed Republican Gov. Bill Lee's universal school voucher push. But a bill allowing some teachers to carry firearms in public schools and...
SJW: Q1 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — SJW Corp. (SJW) on Thursday reported profit of $11.7 million in its first quarter. The San Jose, California-based company said it had profit of 36 cents per share. The parent of San Jose Water Co. posted revenue of...
Net neutrality restored as FCC votes to regulate internet providers
SAN FRANCISCO (AP) — The Federal Trade Commission on Thursday voted to restore “net neutrality” rules that prevent broadband internet providers such as Comcast and Verizon from favoring some sites and apps over others. The move effectively reinstates a net neutrality order the...
