Latest Business News

Famine is said to be imminent in northern Gaza as Israel raids the main hospital again

Mar. 19, 2024 02:11 AM EDT

RAFAH, Gaza Strip (AP) — Famine is imminent in northern Gaza, where 70% of people are experiencing catastrophic hunger, according to a report Monday that warned escalation of the war could push half of Gaza's total population to the brink of starvation. The report, by the...

UnitedHealth says it has made progress on recovering from a massive cyberattack

Mar. 19, 2024 02:05 AM EDT

UnitedHealth is testing the last major system it must restore from last month’s Change Healthcare cyberattack, but it has no date yet for finishing the recovery. The health care giant said Monday that it is testing software for submitting medical claims. It already has largely...

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

Mar. 19, 2024 01:25 AM EDT

BANGKOK (AP) — Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy. In a widely anticipated move, the BOJ raised its overnight call rate to a range of 0 to 0.1%, up from minus...

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

Mar. 19, 2024 00:58 AM EDT

TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that...

4 things to know from Elon Musk's interview with Don Lemon

Mar. 19, 2024 00:13 AM EDT

SAN FRANCISCO (AP) — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly...

Rules that helped set real estate agent commissions are changing. Here's what you need to know

Mar. 19, 2024 00:07 AM EDT

The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover...

Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth

Mar. 19, 2024 00:03 AM EDT

LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report. Spotify's fourth annual report, which originally launched in 2021 following criticism over its lack of transparency, noted...

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

Mar. 18, 2024 23:48 PM EDT
TOKYO (AP) — The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years.

South Korea will suspend licenses of 2 senior doctors in first punishment for doctors' walkouts

Mar. 18, 2024 23:23 PM EDT

SEOUL, South Korea (AP) — South Korean authorities will suspend the licenses of two senior doctors for allegedly inciting the weekslong walkouts by thousands of medical interns and residents that have disrupted hospital operations, one of the doctors said Monday. The impending...

JOYY: Q4 Earnings Snapshot

Mar. 18, 2024 19:55 PM EDT

SINGAPORE (AP) — SINGAPORE (AP) — JOYY Inc. (YY) on Monday reported earnings of $45.8 million in its fourth quarter. On a per-share basis, the Singapore-based company said it had profit of 74 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share. ...