Latest Business News

Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed

May. 04, 2024 00:11 AM EDT

OMAHA, Neb. (AP) — Tens of thousands of investors are expected to once again descend on an Omaha, Nebraska, arena Saturday to vacuum up tidbits of wisdom from billionaire Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway shareholders’ meeting: It's the...

Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'

May. 03, 2024 22:27 PM EDT

SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC...

Hawaii lawmakers wrap up session featuring tax cuts, zoning reform and help for fire-stricken Maui

May. 03, 2024 22:10 PM EDT

HONOLULU (AP) — Hawaii lawmakers on Friday wrapped up a legislative session heavily focused on addressing Maui's needs after last year's deadly Lahaina wildfire. They also took on Hawaii's housing shortage, tax cuts and measures to support distinctive Hawaii agricultural products like coffee and...

MLB and Nike announce 2025 uniforms will have larger jersey lettering and custom-fit pants

May. 03, 2024 20:34 PM EDT

Major League Baseball uniforms will have larger lettering on the back of jerseys and individual pant customization will be available to all players beginning in 2025, MLB and Nike announced Friday. MLB and Nike said the uniform adjustments will be made following conversations with...

Google, Justice Department make final arguments about whether search engine is a monopoly

May. 03, 2024 19:50 PM EDT

WASHINGTON (AP) — Google's preeminence as an internet search engine is an illegal monopoly propped up by more than $20 billion spent each year by the tech giant to lock out competition, Justice Department lawyers argued at the closings of a high-stakes antitrust lawsuit. Google, on...

Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer

May. 03, 2024 19:02 PM EDT

TEMPE, Ariz. (AP) — Arizona's new heat officer said Friday that he is working with local governments and nonprofit groups to open more cooling centers and ensure homes have working air conditioners this summer in a more unified effort to prevent another ghastly toll of heat-related deaths, which...

Boeing threatens to lock out its private firefighters around Seattle in a dispute over pay

May. 03, 2024 19:00 PM EDT

Boeing is threatening to lock out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and bring in replacements beginning Friday night unless the workers accept the company's last offer on wages. The company said the two sides were far...

Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

May. 03, 2024 18:33 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy — an indirect jab at Donald Trump. Yellen delivered an address Friday in Arizona, using economic data to paint a picture of how disregard for America's...

Traffic snarled as workers begin removing I-95 overpass scorched in Connecticut fuel truck inferno

May. 03, 2024 18:20 PM EDT

Work crews began demolishing a bridge damaged in a fiery crash that kept Interstate 95 in Connecticut closed for a second day Friday, as motorists' nerves continued to fray in hours of traffic jams on and around the main artery linking New England and New York. “It’s crazy,”...

Swiss company to build $184 million metal casting facility in Georgia, hiring 350

May. 03, 2024 18:19 PM EDT

AUGUSTA, Ga. (AP) — A Swiss company will build a plant in Georgia to make lightweight parts cast from metal for vehicles and energy generation. GF Casting Solutions, a division of Georg Fischer AG, announced Friday that it would invest $184 million in the plant in Augusta, with...