Latest Business News

North Korea party meeting set to discuss 'urgent' food issue

Feb. 06, 2023 01:29 AM EST

SEOUL, South Korea (AP) — North Korea has scheduled a major political conference to discuss the “urgent task” of improving its agricultural sector, a possible sign of worsening food insecurity as the country's economic isolation deepens amid a defiant nuclear weapons push. ...

Asian stocks sink after US jobs data fan rate hike fears

Feb. 06, 2023 01:16 AM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices rose. Wall Street wilted Friday after official data showed U.S....

This Week: Disney earnings, unemployment, consumer sentiment

Feb. 06, 2023 01:03 AM EST

A look at some of the key business events and economic indicators upcoming this week: Disney reports earnings Entertainment giant Walt Disney Co. will report its latest financial results on Wednesday. Analysts polled by FactSet expect the company to...

My Sister’s House: helping women in cycle of incarceration

Feb. 06, 2023 00:03 AM EST

NEW BERN, N.C. (AP) — The sign just above the front door of the new two-story house under construction in New Bern bears a simple message: “My Sister’s House — Where your past doesn’t matter.” The pledge is meant as a welcoming for the women that will one...

Asian stocks sink after US jobs data fan rate hike fears

Feb. 05, 2023 23:29 PM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices edged higher. Wall Street wilted Friday after official data showed...

Officials urge evacuation near derailment, fearing explosion

Feb. 05, 2023 22:19 PM EST

EAST PALESTINE, Ohio (AP) — Officials monitoring the smoldering, tangled wreckage of a train derailment in northeastern Ohio urgently warned hundreds of nearby residents who had declined to evacuate to do so Sunday night, saying a rail car was at risk of a potential explosion that could launch...

FACT FOCUS: Egg shortage breeds chicken-feed conspiracies

Feb. 05, 2023 19:21 PM EST

Social media users claim to have found a new culprit for sky-high egg prices: chicken feed. The theory gained steam on Facebook, TikTok and Twitter in recent weeks, with some users reporting that their hens stopped laying eggs and speculating that common chicken feed products were...

Ransomware attacks in Europe target old VMware, agencies say

Feb. 05, 2023 19:05 PM EST

ROME (AP) — Cybersecurity agencies in Europe are warning of ransomware attacks exploiting a 2-year-old computer bug as Italy experienced widespread internet outages. The Italian premier’s office said Sunday night the attacks affecting computer systems in the country involved...

Route to Super Bowl dangerous for Mexico's avocado haulers

Feb. 05, 2023 19:03 PM EST

SANTA ANA ZIROSTO, Mexico (AP) — It is a long and sometimes dangerous journey for truckers transporting the avocados destined for guacamole on tables and tailgates in the United States during the Super Bowl. It starts in villages like Santa Ana Zirosto, high in the misty, pine-clad...

Ride at Iowa amusement park where boy died will never reopen

Feb. 05, 2023 16:17 PM EST

ALTOONA, Iowa (AP) — The ride at an Iowa amusement park where an 11-year-old boy was killed in 2021 will never reopen, the park's owners said. Bill Lentz, Adventureland's general manager, said in a letter posted on the park's website Friday that after spending months reviewing the...