MONEY NEWS FROM THE ASSOCIATED PRESS

Money

FILE - This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displaye...

As Bitcoin goes mainstream, Wall Street looks to cash in

NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, slightly more than the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s […]
14 hours ago
FILE - In this Nov. 30, 2012 file photo, a block of encrusted silver coins from the shipwreck of a ...

Spanish court throws out lawsuit against US treasure hunters

MADRID (AP) — A Spanish court has shelved a lawsuit against American treasure hunters that accused them of having destroyed an underwater archaeological site when they looted a sunken galleon for tons of precious coins over a decade ago. In 2007, the Florida-based Odyssey Marine Exploration scooped up over half a million silver and gold […]
14 hours ago
FILE - In this Monday, Jan. 20, 2020 file photo, Kim M. Smith, leader of the Utah Deaf Hospital Rig...

US regulators lay out plan for over-the-counter hearing aids

WASHINGTON (AP) — Health regulators on Tuesday unveiled their proposal to allow Americans to buy hearing aids without a prescription, a long-awaited move intended to make the devices more accessible to millions of people with hearing problems. The Food and Drug Administration said the proposed rule would cut red tape that currently requires hearing exams […]
15 hours ago
Fishermen prepare to fish as a rainbow appears over the Mediterranean Sea in Beirut, Lebanon, Sunda...

IMF sees economic growth with higher inflation for Mideast

DUBAI, United Arab Emirates (AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The lender’s new report projects the region’s economies will grow by around 4%, while […]
15 hours ago
FILE - In this Tuesday, April 3, 2018 file photo, a trading post sports the Spotify logo on the flo...

UK music streaming faces scrutiny from competition watchdog

LONDON (AP) — Regulators are stepping up scrutiny of the United Kingdom’s music streaming market to see whether there is enough competition after lawmakers outlined concerns that major online platforms like Spotify may be too dominant. The U.K.’s competition watchdog said Tuesday that it will carry out a “market study” to assess whether fresh measures […]
15 hours ago
FILE - A mason shovels a cement mixture as he prepares to lay down bricks on the exterior wall of a...

US home construction declines 1.6% in September

SILVER SPRING, Md. (AP) — U.S. home construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks. The Commerce Department reported Tuesday that the decline in September left home construction at a seasonally adjusted annual rate of 1.56 million units, 7.4% above the rate one year ago. August’s number […]
16 hours ago
Egypt's President Abdel Fattah al-Sisi makes statements during a joint news briefing with Greece's ...

Greece vows to link Egypt’s energy grid to European Union

ATHENS, Greece (AP) — Greece pledged Tuesday to link Egypt to the European Union’s energy market with an undersea cable that would carry electricity across the Mediterranean. “(Egypt’s) link to Europe will be Greece,” Greek Prime Minister Kyriakos Mitsotakis said after talks in Athens with Egyptian President Abdel-Fattah el-Sissi. “We are seeking diversification of energy […]
16 hours ago

Spain makes it easier for young migrants to legalize status

MADRID (AP) — Spain is smoothing the path for unaccompanied young migrants to obtain residence and work permits, with around 15,000 expected to benefit from changes announced Tuesday. The legal changes published by the government ease requirements for obtaining documents and cut waiting periods, removing barriers for those who turn 16 to live and work […]
16 hours ago
FILE - The Johnson & Johnson logo appears above a trading post on the floor of the New York Stock E...

J&J hikes 2021 profit forecast, COVID-19 vaccine sales grow

Sales of the cancer treatment Darzalex helped Johnson & Johnson deliver better-than-expected third-quarter earnings, while COVID-19 fueled vaccine revenue and had more customers reaching for Tylenol. The world’s biggest maker of health care products hiked its 2021 earnings forecast after saying Tuesday that net income climbed 3% to $3.67 billion in the recently completed quarter. […]
17 hours ago

Millennial Money: Experts expect 5 things this Black Friday

What do you get when you cross Black Friday deals with a continuing pandemic, supply chain disruptions and inflation? Answer: a very messy version of the biggest discount day of the year, which happens annually on the day after Thanksgiving. This year, that’s Nov. 26 . Here are five predictions from retail experts about Black […]
18 hours ago
Britain's Prime Minister Boris Johnson looks at the Orbital Marine Power stand in the Innovation Zo...

UK courts green investment to fuel carbon-cutting plans

LONDON (AP) — The United Kingdom announced plans Tuesday to stop installing home heating that uses fossil fuels by 2035 as the government hosted a meeting aimed at attracting billions of dollars in foreign investment for green projects in Britain. Prime Minister Boris Johnson told the Global Investment Summit in London that private-sector investment and […]
18 hours ago
FILE - In this Dec. 12, 2019, file photo workers process chickens at a poultry plant, in Fremont, N...

USDA rethinks approach to controlling salmonella in poultry

OMAHA, Neb. (AP) — Federal health officials are rethinking their approach to controlling salmonella in poultry plants in the hope of reducing the number of illnesses linked to the bacteria each year, and on Tuesday the U.S. Department of Agriculture announced several steps it plans to take to achieve that goal. The USDA says the […]
19 hours ago
FILE - In this Sept. 27, 2021 file photo, steam billows out of the cooling towers at a coal-fired p...

Energy crunch hits global recovery as winter approaches

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it’s a cold winter. The world is […]
20 hours ago
Foto tomada el 22 de septiembre del 2016 del logo de LinkedIn en una presentación en San Francisco...

Chinese users have mixed feelings about LinkedIn departure

HONG KONG (AP) — For nearly seven years, LinkedIn has been the only major Western social networking platform still operating in China. People like 32-year-old Jason Liu view it as an important career enhancing tool. Come the end of the year, Liu will no longer have access to the localized version of LinkedIn, after Microsoft, […]
22 hours ago

BlackRock backs new hub for company climate data

LONDON (AP) — Wall Street giant BlackRock announced Tuesday that it is backing a new London-based research hub which will provide asset managers with information on how the companies they invest in are addressing risks from climate change. BlackRock said it is joining the Transition Pathway Initiative, or TPI, a London-based group that is already […]
22 hours ago
Trader John Santiago works on the floor of the New York Stock Exchange, Tuesday, Oct. 19, 2021. Sto...

Stocks rise broadly; J&J leads gains for health care sector

Stocks rose broadly in midday trading on Wall Street Tuesday as corporate earnings reporting gets into full swing. The S&P 500 rose 0.6% as of 11:33 a.m. Eastern. The Dow Jones Industrial Average rose 145 points, or 0.4%, to 35,403 and the Nasdaq rose 0.6%. Technology and health care companies led the gains. Software maker […]
23 hours ago
Australian Prime Minister Scott Morrison speaks during Question Time in Parliament House in Canberr...

Australia PM: Technology best way to achieve climate target

CANBERRA, Australia (AP) — A net zero carbon emissions target by 2050 would be a “great positive” for Australia if it can be achieved through technology and not a carbon price, the prime minister said on Tuesday as he pressures government colleagues to commit to more ambitious action ahead of a climate summit. Prime Minister […]
23 hours ago
People visit a pop-up vaccination site, Tuesday, Oct. 19, 2021, in suburban Auckland, New Zealand. ...

New Zealand hits virus high, pushes vaccination as way out

WELLINGTON, New Zealand (AP) — New Zealand counted its most new coronavirus cases of the pandemic Tuesday as an outbreak in its largest city grew and officials urged vaccinations as a way out of Auckland’s two-month lockdown. Health officials found 94 new local infections, eclipsing the 89 that were reported twice during the early days […]
1 day ago
FILE - Bettye Jo Boone, a 30 year employee of Heaven Hill, pickets in front of Heaven Hill Distille...

Bourbon producer signals intent to hire replacement workers

Declaring an impasse in contract talks with striking union workers, global spirits producer Heaven Hill said Monday it will start hiring permanent replacement workers for bottling and warehouse operations in Kentucky. Union leaders responded that they’re willing to continue negotiations and accused the company of wanting to replace longtime employees with non-union workers. About 420 […]
1 day ago
FILE - In this Wednesday, Oct.6, 2021 aerial image taken with a drone, workers in protective suits ...

Data shows ship crossed over oil pipeline that ruptured

LOS ANGELES (AP) — A massive cargo ship that was supposed to be at anchor was buffeted by high winds during a January storm and repeatedly crossed over an undersea oil pipeline that later ruptured off the Southern California coast, according to vessel monitoring data. Federal investigators are examining whether on Jan. 25, the anchor […]
1 day ago
President Joe Biden speaks to reporters after attending an event hosted by first lady Jill Biden to...

Biden’s dilemma: Satisfying Manchin risks losing other Dems

WASHINGTON (AP) — It’s Washington’s enduring question: What does Joe Manchin want? But increasingly the answer is crystal clear. The conservative West Virginia Democrat wants to dismantle President Joe Biden’s proposed climate change strategies and social services expansion in ways that are simply unacceptable for most in his party. So the question becomes less about […]
1 day ago
Members of the United Auto Workers strike outside of the John Deere Engine Works plant on Ridgeway ...

Contract talks resume between Deere and its striking workers

MOLINE, Ill. (AP) — Contract talks between Deere & Co. and its 10,000 striking workers have resumed, but it wasn’t immediately clear how far apart the two sides remained Monday. Both the Moline, Illinois-based company and the United Auto Workers union confirmed that talks had resumed. The strike began last Thursday after union members overwhelmingly […]
1 day ago
FILE - In this May 4, 2021, photo, the Treasury Building is viewed in Washington. The Treasury Depa...

Treasury says it needs to modernize its economic sanctions

WASHINGTON (AP) — The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world. The department issued a report Monday that said it needs to modernize […]
1 day ago
FILE - In this Aug. 2, 2016, file photo, Laurene Powell Jobs arrives for a State Dinner at the Whit...

Who will get Powell Jobs’ $3.5B gift for climate work?

Philanthropist Laurene Powell Jobs is gearing up to invest $3.5 billion into climate-focused initiatives in the next 10 years. But if the donation patterns of her foundation continue, the public might never know where that money is going. A spokesperson with Powell Jobs’ company, Emerson Collective, said the widow of Apple founder Steve Jobs will […]
1 day ago