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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
