Wire stories category, Page 44
New York Times journalists, other workers on 24-hour strike
NEW YORK — Hundreds of 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. Reporters, editors, photographers and other employees planned a rally...
Could trawler cams help save world’s dwindling fish stocks?
PORTLAND, Maine — For years, Mark Hager’s job as an observer aboard New England fishing boats made him a marked man, seen as a meddling cop on the ocean, counting and scrutinizing every cod, haddock and flounder to help set crucial quotas. On one particularly perilous voyage, he spent 12...
Juul reaches settlements covering more than 5,000 cases
Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it. Juul rocketed to the top of the U.S. vaping...
Lensa’s magic-avatar portraits are all over social media
With people sharing AI-generated portraits on social media, attention is being drawn to the Lensa AI photo app. The app, from Prisma AI, has been around since 2018, but the new “magic avatar” feature debuted last month. The feature creates highly-stylized portraits that users share on Twitter, Instagram and TikTok....
Holmes’ former partner faces sentencing in Theranos case
A former Theranos executive learns Wednesday whether he will be punished as severely as his former lover and business partner for peddling the company’s bogus blood-testing technology that duped investors and endangered patients. The sentencing for Ramesh “Sunny” Balwani, who was convicted in July of fraud and conspiracy, comes less...
Millennial Money: How credit can beat buy now, pay later
At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable. Unlike credit cards, though, these plans lack certain consumer protections and are...
Meta oversight board urges changes to VIP moderation system
LONDON — Facebook parent Meta’s quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former U.S. President Donald Trump, from some or all of its content moderation rules needs a major overhaul. The report by the Oversight Board, which was more than a year in...
Russian oil price cap, EU ban aim to limit Kremlin war chest
FRANKFURT, Germany — Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better...
U.S. futures inch down, oil higher after Russia price cap pact
U.S. futures dipped and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and committed to a price cap of $60 per barrel on Russian exports. Futures for the Dow Jones Industrials and the S&P 500 were...
As Musk is learning, content moderation is a messy job
Now that he’s back on Twitter, neo-Nazi Andrew Anglin wants somebody to explain the rules. Anglin, the founder of an infamous neo-Nazi website, was reinstated Thursday, one of many previously banned users to benefit from an amnesty granted by Twitter’s new owner Elon Musk. The next day, Musk banished Ye,...
Stocks set to drop after jobs data fans inflation worries
Wall Street is set to fall when trading opens Friday on renewed worries about inflation after a report showed wages for U.S. workers are accelerating faster than expected. Futures for U.S. stock indexes fell sharply immediately after the government released the stronger-than-expected data on both wages and hiring. The report...
U.S. hiring stayed strong in November as employers add 263,000 jobs
WASHINGTON — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes. The economy added 263,000 jobs, while the unemployment rate stayed 3.7%, still near a 53-year low, the...
China fines former NBA star Lin over quarantine comments
BEIJING — Former NBA star Jeremy Lin, who plays for a Chinese team, was fined 10,000 yuan ($1,400) for criticizing quarantine facilities, China’s professional league and a news report said Friday, as the government tries to stop protests against anti-virus controls that are among the world’s most stringent. Also Friday,...
An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday’s report from the Commerce Department showed...
Is now the right time for your business to buy real estate?
For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase. Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and...
Mark Cuban’s prescription drug company in talks with hospitals to fill drug shortages
Mark Cuban’s prescription drug company, known for “cutting out the middle man,” is in conversations with hospitals around the nation to identify the most common drug shortages. The goal is to fill the gap by targeting production at its new manufacturing facility in Dallas toward cranking out the most needed...
GivingTuesday raises $3.1B for charities in tough economy
NEW YORK — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group’s leader said Wednesday....
Media layoffs mount as CNN announces it will make cuts this week
CNN employees are in for a rough week as the news network’s chief, Chris Licht, told staff to prepare for a round of layoffs. The cuts have been anticipated as CNN parent Warner Bros. Discovery is looking for cost reductions across the company as it tries to bring down debt....
Stocks rally after Fed chair signals slowdown in rate hikesVideo
Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings Institution, reaffirmed that...
Lordstown Motors shipping out first batch of electric trucks
LORDSTOWN, Ohio — Commercial electric vehicle startup Lordstown Motors has received approval to ship the first batch of its first model, the Endurance pickup. The company announced Tuesday that the first units of the initial batch of 500 trucks were leaving the plant after they passed safety tests and hit...
Amazon says it had its biggest Thanksgiving shopping weekend
NEW YORK — Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation. The e-commerce company does not typically share how much it earns during its sales events and did not disclose its overall...
West Virginia cash-for-worker program adds 4th destination
CHARLESTON, W.Va. — A program offering cash and free outdoor adventures to remote workers to move to West Virginia with the hope of offsetting population losses has welcomed 143 new residents in the year since it launched, officials announced Tuesday. The public-private program Ascend West Virginia said it has added...
Heating oil prices could go up as much as 45% in Pa.
Pennsylvania homeowners who use heating oil could see their bills increase 45% this winter due to higher prices and colder temperatures. The U.S. Energy Information Administration said this month that low inventory of fuels used for diesel and home heating oil will lead to high prices through the start of...
4 reasons for thrift store gifts this year
Thrifting is hot, and Goodwill finds are cool again. But while we’re thrilled to find the perfect throwback tee for our own closet, gifting used goods still carries a stigma for some. It shouldn’t. Secondhand gifts are better for your wallet, your community and the environment. “The planet is drowning...
U.S. consumer confidence falls in November for 2nd month
U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoffs in the tech sector. The Conference Board reported Tuesday that its consumer confidence index fell to 100.2 this month, down from 102.2 in October. November’s figure is the lowest since...
