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23 minutes ago
Broadband internet services are disrupted in most parts of Nepal
Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults
23 minutes ago
25 minutes ago
Landmark Google antitrust case ready to conclude
Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the biggest antitrust case in a quarter century
25 minutes ago
1 hour ago
Senators want limits on the government's use of facial recognition technology for airport screening
A bipartisan group of senators wants restrictions on the use of facial recognition technology by the Transportation Security Administration
1 hour ago
1 hour ago
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
1 hour ago
1 hour ago
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery
1 hour ago
2 hours ago
Number of Americans applying for jobless claims remains historically low
The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation
2 hours ago
4 hours ago
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute
4 hours ago
May 02
EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...
May 02
May 02
Japan's Kishida unveils a framework for global regulation of generative AI
Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI
May 02
May 02
One Tech Tip: How to repair an electric toothbrush
Toothbrushes used to be simple, powered only by your hand so they never broke down
May 02
May 02
Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development
Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable
May 02
May 02
Stock market today: Wall Street ticks higher to trim its losses for the week
U.S. stocks are ticking higher to trim their losses for the week
May 02
May 02
Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia
May 02
May 02
For ex-Derby winner Silver Charm, it's a life of leisure and Old Friends at Kentucky retirement farm
Michael Blowen can step outside his house anytime and visit retired racehorses at Old Friends, the thoroughbred retirement farm he founded in Kentucky two decades ago
May 02
May 01
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
May 01
May 01
Jury at Abu Ghraib civil trial might not be able to reach verdict: judge says
The judge presiding over the trial of a military contractor accused of contributing to detainees' mistreatment at the Abu Ghraib prison in Iraq two decades ago is speculating that the jury may not be able to reach a verdict
May 01
May 01
Consumer groups push Congress to uphold automatic refunds for airline passengers
Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours
May 01
May 01
Say hello (again) to EA Sports College Football. The beloved video-game behemoth is back
Gamers’ appetites for immersive sports video games have not changed much since the heyday of EA Sports' college football
May 01
May 01
Campaign to raise Missouri's minimum wage to $15 an hour confident it will get on the ballot
Missouri voters have gotten a step closer to getting to decide whether to raise the state’s minimum wage to $15 an hour
May 01
May 01
Vendor that mishandled Penn. virus data to pay $2.7M in federal whistleblower case
A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblower
May 01
May 01
US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
U.S. regulators have decided to allow American fishermen to harvest thousands of pounds of a valuable species of tiny fish in the coming years, even as Canadian authorities have shuttered the industry while they grapple with poaching
May 01
May 01
How major US stock indexes fared Wednesday, 5/1/2024
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation
May 01
May 01
AP PHOTOS: Workers rule the streets on May Day
For one day, workers ruled the world’s biggest streets.
Thousands strong marched Wednesday to mark May Day, the first day of the month when workers’ rights are celebrated in demonstrations around the globe.
From Seoul to Paris, Istanbul to Berlin, they drew attention to stagnant wages and the high cost of living as they took aim at their governments. In some cases, their governments returned fire.
In Turkey, police in riot gear shot rubber bullets and tear gas at thousands of protesters who clashed with officers as they tried to break through a barricade and reach Istanbul’s Taksim square in defiance of a ban.
Tear gas also rose from the streets of Paris, where workers seeking higher pay and better conditions were joined by others rankled by the upcoming Summer Games. They torched replica Olympic rings.
Standing out in the crowds were the many messages held high on banners or scrawled in pen on simple signs.
“We work to live!!! Not to die!!!” read the sign held by a man in...
May 01
May 01
Federal Reserve leaves interest rates unchanged
ABC News business reporter Alexis Christoforous breaks down what this means for the economy.
May 01
May 01
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01
May 01
Companies shift profits into record dividends, but show more caution on stock buybacks
Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks
May 01
May 01
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $2.93 to $79 per barrel Wednesday
May 01
May 01
Union Pacific undermined regulators' efforts to assess safety, US agency says
Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined
May 01
May 01
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
Do social media users have the right to control what they see — or don’t see — on their feeds
May 01
May 01
Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.
May 01
May 01
This Texas veterinarian helped crack the mystery of bird flu in cows
It was a Texas veterinarian who collected samples from dairy farms that confirmed the outbreak of H5N1 bird flu in cattle for the first time
May 01
May 01
Text of the policy statement the Federal Reserve released Wednesday
Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.
In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate,...
May 01
May 01
Federal Reserve signals interest rates will stay at two-decade high until inflation further cools
Federal Reserve signals interest rates will stay at two-decade high until inflation further cools
May 01
May 01
Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list them
Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings
May 01
May 01
AANHPI consumers want better brand representation, Nielsen reports
As companies around the country roll out plans to honor May as Asian American, Native Hawaiian and Pacific Islander Heritage Month, a new report out Wednesday suggests members of those communities are paying more attention than ever to representation
May 01
May 01
New US sanctions against Russia target weapons development, ban uranium imports for nuclear power
The United States has imposed new sanctions on hundreds of companies and people tied to Russia’s weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties
May 01
May 01
Change Healthcare cyberattack was due to a lack of multifactor authentication, UnitedHealth CEO says
The beginning of the Change Healthcare cyberattack happened when hackers entered a server that lacked multifactor authentication
May 01
May 01
Nonstop Mideast coverage of Israel-Hamas war pauses for protests and police action at US schools
After weeks of nonstop coverage of destruction and death across the Gaza Strip, media across the wider Middle East has latched onto the demonstrations roiling American university campuses over the Israel-Hamas war
May 01
May 01
George W. Bush's portraits of veterans are heading to Disney World
Walt Disney World will host dozens of portraits of service members and veterans from the nation’s Painter-in-Chief
May 01
May 01
Amazon, Pinterest rise; Starbucks, CVS Health fall, Wednesday, 5/1/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Amazon, Pinterest rise; Starbucks, CVS Health fall
May 01
May 01
Elimination of Tesla's charging department raises worries
Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network
May 01
May 01
McDonald’s and Starbucks report lower sales
ABC News business reporter Alexis Christoforous breaks down national business headlines.
May 01
May 01
US job openings fall to 8.5 million in March, the lowest level in more than 3 years
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates
May 01
May 01
Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media
May 01
May 01
No need to guess: Mom knows best what she wants for Mother's Day
Not all moms are the same
May 01
May 01
Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout
The bungled rollout of a new federal student aid form has left millions of students in limbo and some wondering if their college dreams will survive
May 01
May 01
Ford recalls Maverick pickups in US because tail lights can go dark, increasing the risk of a crash
Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate
May 01
May 01
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast
May 01
May 01
Japan's Kishida will stress rules-based global order, support for emerging nations at OECD meeting
Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris
May 01
May 01
J&J subsidiary proposes paying about $6.48B over 25 years to settle talc ovarian cancer lawsuits
A subsidiary of Johnson & Johnson is now proposing paying approximately $6.48 billion over 25 years as part of a settlement in the U.S. to cover allegations that its baby powder containing talc caused ovarian cancer
May 01