Wire stories category, Page 43
Journalist suspensions widen rift between Twitter and media
Elon Musk’s abrupt suspension of several journalists who cover Twitter widens a growing rift between the social media site and media organizations that have used the platform to build their audiences. Individual reporters with The New York Times, The Washington Post, CNN, Voice of America and other news agencies saw...
U.S. puts 3 dozen more Chinese companies on trade blacklist
BANGKOK — The U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights. The inclusion of the companies in the trade “Entity List” means that export...
Twitter suspends journalists who wrote about owner Elon Musk
Twitter suspended the accounts of several journalists who cover the social media platform, the latest battle over what can and cannot be said on the site since billionaire Elon Musk took control of it. Accounts of reporters with The New York Times, Washington Post, CNN, Voice of America and other...
New York bans pet stores from selling cats, dogs, rabbits
ALBANY, N.Y. — New York on Thursday became the latest state to ban the sale of cats, dogs and rabbits in pet stores in an attempt to target commercial breeding operations decried by critics as “puppy mills.” The new law, which was signed by Gov. Kathy Hochul and takes effect...
Tesla stock rises despite Musk selling $3.58B of its shares
Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock traded at $157.06 at midday, near its two-year lows, but it was faring better than the broader markets. Musk, the...
Group casts doubt on Amazon’s claims of reducing plastic
NEW YORK — A report by environmental group Oceana has found that plastic waste from Amazon packages went up by 18% last year, but Amazon says it has reduced its use of single-use plastic across its network. According to the Oceana’s estimates, released Thursday, Amazon’s plastic waste jumped from 599...
Organic livestock farmers, hit by rising prices, seek help
WHITINGHAM, Vt. — Organic dairy and other livestock farmers are seeking emergency federal aid as they grapple with skyrocketing organic feed costs, steep fuel and utility expenses as well as the consequences of drought in many parts of the country. Two dozen U.S. senators and representatives wrote to U.S. Agriculture...
How Fed’s series of rate hikes could affect your finances
NEW YORK — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers...
Stocks stumble after Fed hikes rates, signals more to comeVideo
A bumpy day of trading on Wall Street ended with stocks broadly lower Wednesday after Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead. As expected, the central bank raised its key short-term rate by 0.50 percentage points, marking its...
Senate crypto hearing yields big claims, possible regulation
Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Sen. Elizabeth Warren announced at the hearing bipartisan legislation aimed at cracking down on cryptocurrencies being used...
Fed raises key rate by half-point and signals more to come
WASHINGTON — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller hike than it had in its past four meetings at a time when inflation is showing...
The problems with using buy now, pay later to fund travel
Book a flight or hotel room now, and pay it off later? It’s an increasingly common trend in travel spending. Companies like American Airlines , United Airlines and vacation rental website Vacasa now offer the option to make reservations now and pay it back incrementally over time with “buy now,...
3 West Virginia reporters who condemned interview of ex-coal CEO fired
CHARLESTON, W.Va. — Three reporters from a Pulitzer Prize-winning newspaper in West Virginia say they have been fired after publicly criticizing an interview conducted by their company president with a former coal executive who was convicted of a safety violation in connection with the worst U.S. mine disaster in decades....
Wawa goes west: Convenience chain is eyeing locations in Ohio, Kentucky, Indiana
Wawa is scouting new store sites in Ohio, Kentucky, and Indiana, with the first gas-and-sandwich convenience stores under the flying-goose signs to be announced next year and opened after 2025, the company said recently. It also plans to move into Tennessee, Alabama, North Carolina and Georgia by 2024. The company...
ByHeart recalls baby formula because of potential bacterial contamination risk
A company that makes baby formula has voluntarily issued a recall of five batches “out of an abundance of caution” after a third-party packaging facility sample tested positive for the bacteria, cronobacter sakazakii. ByHeart said none of its product has tested positive for bacteria and the recall is not related...
FTX’s Bankman-Fried charged by U.S. for scheme to defraud
NEW YORK — U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the rapid collapse of FTX and hid its problems from the public and investors....
Wall Street closes higher after inflation cooled in November
NEW YORK — Stocks on Wall Street finished higher Tuesday after a report showed inflation cooled more than expected last month, cementing expectations that the Federal Reserve is about to dial down the size of its interest rate hikes. The encouraging inflation data raised hopes for easing pressure on the...
U.S. inflation slowed sharply to 7.1% over past 12 months
WASHINGTON — Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down sharply from 7.7%...
Musk’s Twitter disbands its Trust and Safety advisory group
Elon Musk’s Twitter has dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights and other organizations that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform. The council had been scheduled to meet...
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
NEW YORK — The former CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, was arrested Monday in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities. Bankman-Fried had been under criminal investigation by the two countries following the collapse last month of FTX. The firm filed...
Wall Street rises ahead of year’s last barrage of rate hikes
Stocks closed higher Monday as Wall Street kicked off a busy week when central banks are likely to unload the year’s final barrage of interest-rate hikes meant to drive down the world’s painfully high inflation. The S&P 500 rallied 1.4%, trimming its loss for the year to 16.3%. The Dow...
U.S. reports another Takata air bag death, bringing toll to 33
DETROIT — U.S. safety regulators are urging drivers once again to make sure their vehicles haven’t been recalled after another person was killed by an exploding Takata air bag. The National Highway Traffic Safety Administration said Friday that the person was killed in a crash involving a 2002 Honda Accord...
Fight to curb food waste increasingly turns to science
Hate mealy apples and soggy french fries? Science can help. Restaurants, grocers, farmers and food companies are increasingly turning to chemistry and physics to tackle the problem of food waste. Some are testing spray-on peels or chemically-enhanced sachets that can slow the ripening process in fruit. Others are developing digital...
New York Times journalists, other workers on 24-hour strike
NEW YORK — More than 1,000 New York Times journalists and other staff walked off the job for 24 hours Thursday, frustrated by contract negotiations that have dragged on for months in the newspaper’s biggest labor dispute in more than 40 years. Hundreds of reporters, editors, photographers and other employees...
FTC sues to block Microsoft-Activision Blizzard $69B merger
The Federal Trade Commission on Thursday sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft’s Xbox game console and its growing games subscription business. The FTC’s challenge could be a test case for President Joe Biden’s mandate to...
