Latest Business News
These are the countries where TikTok is already banned
LONDON (AP) — TikTok is in the crosshairs of authorities in the U.S., where new legislation threatens a nationwide ban unless its China-based parent ByteDance divests. It would be the biggest blow yet to the popular video-sharing app, which has faced various restrictions around the world. ...
5 cars from the Beijing auto show that reflect China's vision for the future of driving
BEIJING (AP) — China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from...
Portland General Electric: Q1 Earnings Snapshot
PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Portland General Electric Co. (POR) on Friday reported profit of $110 million in its first quarter. On a per-share basis, the Portland, Oregon-based company said it had profit of $1.08. Earnings, adjusted for non-recurring costs, came...
Stock market today: Global benchmarks mostly climb despite worries about US economy
TOKYO (AP) — Global shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. France's CAC 40 edged up 0.3% in early trading to 8,044.04, while Germany's DAX added 0.8% to 18,052.68. Britain's FTSE 100 rose nearly 0.4%...
Mining giant Anglo-American rejects BHP Group's $39 billion takeover offer
LONDON (AP) — U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo American said Friday that its board unanimously rejected the bid from...
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. ...
