Business

1st NY Pot Sales Permits Will Go To People With Convictions

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ALBANY, N.Y. (AP) — The first licenses to sell recreational marijuana in New York will go to people who were casualties of the war on drugs, state officials said Wednesday. Peop...

Biden Signs Order On Cryptocurrency As Its Use Explodes

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WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central...

McDonald’s To Temporarily Close 850 Stores In Russia

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DETROIT (AP) — McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine, a highly symbolic move for t...

Want To Become An Airbnb Host? Here’s When And Where Rentals Generate The Most Money

Since Airbnb launched, hosts have earned approximately $60 billion in the United States, with women ranking as the highest-rated hosts. Are you one of the millions of women who ...

As War In Ukraine Intensifies, US Gasoline Hits Record $4.17

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The average price of gasoline in the U.S. hit a record $4.17 per gallon Tuesday as the country prepares to ban Russian oil imports after its invasion of Ukraine. The national av...

Beefing Up Its Cybersecurity, Google Buys Mandiant For $5.4B

SILVER SPRING, Md. (AP) — Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acqui...

AP Sources: Biden To Issue Executive Order On Cryptocurrency

WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is tra...

Start-Up Airline Breeze Plots Major Expansion This Summer

DALLAS (AP) — Startup discount carrier Breeze Airways said Tuesday it will add 35 routes from 10 more cities including some on the West Coast this summer in an aggressive expansion...

Kohl’s To Open 100 Small-Format Stores, Expand Sephora Shops

NEW YORK (AP) — Department store chain Kohl's said it expects to increase sales by a low-single-digit percentage annually, with plans to open 100 new small-format stores in the nex...

In A Hot Real Estate Market, Do You Need To Hire A Realtor?

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Despite most experts' predictions, the house selling market has continued to soar to record highs into 2022, despite mortgage rates inching up. Given the real estate market's le...

American Express Suspends Operations In Russia And Belarus

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NEW YORK — American Express announced Sunday it is suspending all operations in Russia and Belarus. Globally issued American Express cards will no longer work at merchants or AT...

Mastercard, Visa Suspend Operations In Russia After Invasion

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NEW YORK — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday. Mastercard said cards issued by Russian banks will no longer be supported ...

Local Lukoil Gas Stations Feel Sting Of Russia Backlash

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NEWARK, N.J. (AP) — Outraged by the invasion of Ukraine, lawmakers in New Jersey's largest city lashed out at one of the closest symbols of Russia they could find — a pair of Lukoi...

US Added 678,000 Jobs In February In Sign Of Economic Health

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WASHINGTON (AP) — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans vent...

After Being Given The Cold Shoulder, Israeli Distributor Takes Ben & Jerry’s To Court

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Avi Zinger was so upset after Ben & Jerry’s pulled the rug out from under him that he never picked up the phone to speak with them. Instead, he’s taking them, and their parent ...

Volvo Cars Tests New Wireless Charging Technology

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Volvo Cars is integrating and testing a new wireless charging technology in a live city environment together with selected partners, evaluating its potential for future electric ca...

Russia’s War Spurs Corporate Exodus, Exposes Business Risks

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LONDON (AP) — Car factories idled, beer stopped flowing, cargo ships dropped port calls and energy companies cut their pipelines. Russia’s invasion of Ukraine has thrown busines...

Amazon Shuttering Its Physical Bookstores And 4-Star Shops

NEW YORK (AP) — Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footp...

Why Investors Are Spending Millions On Digital Real Estate

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Someone recently paid $450,000 to be Snoop Dogg's neighbor in the increasingly popular virtual world called the Sandbox. The world of virtual reality is exploding, and digital real...

The Latest Credit Card Rewards Help You Beat Inflation

According to the Consumer Price Index, the annual inflation rate as of January 2022 was 7.5%. The Russian invasion of Ukraine has already pushed that even higher, meaning everyday ...