Musk Says He’s ‘Aligned’ With EU Approach To Digital Rules
LONDON (AP) — Elon Musk, who is offering to buy Twitter, has given his support to a new European Union law aimed at protecting social media users from harmful content after he met ...
Meta Opens First Physical Store
BURLINGAME, Calif. (AP) — Facebook parent Meta has opened its first physical store — in Burlingame, California — to showcase its hardware products like virtual and augmented realit...
Apple Blocks Pictures Of Holocaust-Related Sites From Automated ‘Memories’ Albums
CALIFORNIA (JTA) — Apple users who want to include pictures taken at the Anne Frank House, Auschwitz or other Holocaust-related sites in their photo albums will have to work to mak...
Saudi Arabia To Invest Millions Of Dollars In Israeli Start-Ups
JERUSALEM (JNS) - Saudi Arabia will invest millions of dollars in Israeli start-ups, and has selected the first two Israeli companies for investment, The Wall Street Journal report...
Chelsea Being Sold To Dodgers Owners For Sports Record $3bN
The forced sale of Chelsea is ending after attracting the highest price for a sports team of 2.5 billion pounds ($3.1 billion) from a consortium fronted by Los Angeles Dodgers part...
US Added 428,000 Jobs In April Despite Surging Inflation
WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war...
Stocks Slump 3% As Worries Grow Over Higher Interest Rates
NEW YORK (AP) — Stocks are closing sharply lower on Wall Street as worries grow in markets that the higher interest rates the Federal Reserve is using in its fight against inflatio...
US Mortgage Rates Rise; 30-Year At 5.27%, Highest Since 2009
WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009.
The increases came in the w...
Musk Gets $7B Backing For Twitter Bid From Tech Heavyweights
Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley hea...
Intuit To Pay $141M Settlement Over ‘Free’ Turbotax Ads
NEW YORK (AP) — The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-...
Elon Musk Asked To Testify On Twitter By UK Parliament
LONDON (AP) — A British parliamentary committee scrutinizing draft online safety legislation has invited Elon Musk to discuss his plans to buy Twitter and the changes he's proposin...
Spirit Still Prefers Bid From Frontier Airlines Over JetBlue
Spirit Airlines said Monday that it still supports Frontier Airlines' $2.9 billion takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue's...
Fed To Fight Inflation With Fastest Rate Hikes In Decades
WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a h...
Warren Buffett Tells Shareholders About Spending $51 Billion
OMAHA, Neb. (AP) — Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that ...
Musk Sells $8.5B In Tesla Stock As He Readies To Buy Twitter
In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase
Musk reported the sale of 9.6...
A Key Inflation Gauge Jumped 6.6% In March, Most Since 1982
WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest 12-month reading in four decades, further evi...
Ford Recalls Explorer SUVs That Can Roll Away While In Park
DETROIT (AP) — Ford Motor Co. is recalling more than a quarter-million Explorer SUVs in the U.S. because they can roll away unexpectedly while shifted into park.
The recall cove...
Amazon Reports Rare Quarterly Loss As Online Shop
NEW YORK (AP) — Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge wr...
US Economy Shrank By 1.4% In Q1 But Consumers Kept Spending
WASHINGTON (AP) — The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and bu...
Boeing CEO Laments Deal With Trump For Air Force One Planes
Boeing’s CEO is lamenting the deal that his company cut with former President Donald Trump to produce new Air Force One jets.
David Calhoun said “it was a public negotiation” an...