Latest Business News

Explosion forces crew to abandon Hong Kong-flagged container ship in the Red Sea

Jan. 28, 2025 21:32 PM EST

DUBAI, United Arab Emirates (AP) — An explosion struck a Hong Kong-flagged container ship Tuesday traveling north through the Red Sea, sparking a major fire that forced its crew to abandon the vessel, shipping industry officials said. The ship was drifting and ablaze some 225...

Armani Privé turns 20. The Italian maestro, 90, celebrates with Paris couture and celebrities

Jan. 28, 2025 21:13 PM EST

PARIS (AP) — Fashion maestro Giorgio Armani marked 20 years of his haute couture line, Armani Privé, with an elegant and emotionally charged show in Paris’s chic 8th arrondissement on Tuesday. At 90 years old, the designer presented a collection diving into the archives of...

PHOTO COLLECTION: Financial Markets

Jan. 28, 2025 20:43 PM EST
This is a collection of photos chosen by AP photo editors.

Trump fires two Democratic commissioners of agency that enforces civil rights laws in the workplace

Jan. 28, 2025 20:35 PM EST

ARLINGTON, Va. (AP) — President Donald Trump fired two of the three Democratic commissioners of the federal agency that enforces civil rights law in the workplace, an unprecedented move aimed at implementing his crackdown on certain diversity and gender rights policies. The two...

Federal judge temporarily blocks Trump administration freeze on federal grants and loans

Jan. 28, 2025 20:34 PM EST

WASHINGTON (AP) — A federal judge on Tuesday temporarily blocked a push from President Donald Trump to pause federal funding while his administration conducts an across-the-board ideological review to uproot progressive initiatives. The order capped the most chaotic day for the...

Congo tries to slow the assault of Rwanda-backed rebels amid reports of dead bodies in the streets

Jan. 28, 2025 19:51 PM EST

GOMA, Congo (AP) — Congolese security forces on Tuesday tried to slow the advance of Rwanda-backed M23 rebels who say they have captured Goma after entering eastern Congo's largest city, as U.N. officials reported violence, looting and bodies in the streets. The officials said...

The 'Mona Lisa' will get its own room under a major renovation of the Louvre

Jan. 28, 2025 19:26 PM EST

PARIS (AP) — French President Emmanuel Macron announced Tuesday that the “Mona Lisa” will get its own dedicated room inside the Louvre museum under a major renovation and expansion of the Paris landmark that will take up to a decade. The renovation project, branded “Louvre...

Peapack-Gladstone: Q4 Earnings Snapshot

Jan. 28, 2025 19:16 PM EST

BEDMINSTER, N.J. (AP) — BEDMINSTER, N.J. (AP) — Peapack-Gladstone Financial Corp. (PGC) on Tuesday reported net income of $9.2 million in its fourth quarter. The bank, based in Bedminster, New Jersey, said it had earnings of 52 cents per share. The bank holding...

UNC and Duke Health will build North Carolina's first standalone children's hospital

Jan. 28, 2025 19:04 PM EST

RALEIGH, N.C. (AP) — Two North Carolina-based university health systems plan to construct the state's first standalone children's hospital — an undertaking that its boosters said will change lives physically and economically for decades to come. UNC Health and Duke Health on...

Texas Rangers expand TV broadcast options with traditional carriers and some free games

Jan. 28, 2025 19:02 PM EST

ARLINGTON, Texas (AP) — The Texas Rangers reached multiyear agreements with several distributors that will broadcast games in the team's five-state television territory, the team announced Tuesday. A day after unveiling the new Rangers Sports Network (RSN), the team said the...