Wednesday, May 15, 2024

Business

Airbnb Aims To Convince More People To Rent Out Their Homes

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NEW YORK (AP) - Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. ...

Musk Gives Twitter Workers Deadline To Decide Job Fate

NEW YORK (AP) — Elon Musk says Twitter is a software and servers company at its heart and wants employees to decide by Thursday evening if they want to remain a part of the busines...

Size, Scope Of FTX Failure Gets Clearer As Users Fear Worst

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NEW YORK (AP) — Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto f...

US Says Airlines To Refund More Than $600 Million To Flyers

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NEW YORK (AP) - Frontier Airlines and four foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were canceled or significantly delayed si...

1970s Sandals Worn By Steve Jobs Auctioned For $218K

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LOS ANGELES (AP) — The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly $220,0...

Jeff Bezos Says He Will Give Away Most Of His Fortune

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NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vas...

FTX Bankruptcy Also Endangers Founder’s Philanthropic Gifts

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NEW YORK (AP) — The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX fou...

Sam Bankman-Fried’s Downfall Sends Shockwaves Through Crypto

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NEW YORK (AP) — Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest fo...

Trump Org. Executive Says He Helped Colleagues Dodge Taxes

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NEW YORK (AP) — One of Donald Trump’s top moneymen admitted Thursday to breaking the law to help fellow Trump Organization executives avoid taxes on company-paid apartments and oth...

Art From Microsoft Founder Paul Allen Sells For $1.5 Billion

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NEW YORK (AP) — Works by artists including Cézanne, Seurat, and van Gogh sold for a record-breaking $1.5 billion during the first part of Christie's two-day auction of the late Mic...

Wall Street Surges, Dow Up 1,200 Points On Cooling Inflation

NEW YORK (AP) — Wall Street blasted off Thursday to soar to its best day in more than two years as exhilaration swept through markets after a report showed inflation in the United ...

Musk Ends Remote Work At Twitter, Warns Of Troubles Ahead

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NEW YORK (AP) - Elon Musk has emailed Twitter employees, most working remotely, ordering them to return to the office immediately for at least 40 hours a week and warning of “diffi...

US Consumer Inflation Eased To 7.7% Over Past 12 Months

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WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the econ...

Musk Seeks To Reassure Advertisers On Twitter After Chaos

NEW YORK (AP) - Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, ac...

Elon Musk Sells $3.95 Billion Worth Of Tesla Stock

NEW YORK (AP) - Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 b...

Facebook Parent Meta Cuts 11,000 Jobs, 13% Of Workforce

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NEW YORK (AP) - Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerb...

Musk’s Past Tweets Reveal Clues About Twitter’s New Owner

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(AP) - He may be good with rockets and electric cars, but don't turn to Elon Musk for public health predictions. “Probably close to zero new cases in US too by end of April,” th...

Warren Buffett’s Firm Reports $2.7B Loss On Investment Drop

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OMAHA, Neb. (AP) — Warren Buffett's company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quar...

As Antisemitism Spikes Following Elon Musk Takeover, ADL Calls For Twitter Ad Boycott

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NEW YORK (JTA) - Jewish groups thought Elon Musk was listening to them about antisemitism on Twitter. Then Kanye West came back. In the week after the rapper who now goes by Ye ...

Twitter Users Can Soon Get Blue Check For $7.99 Monthly Fee

SAN FRANCISCO (AP) — Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to o...