MONEY NEWS FROM THE ASSOCIATED PRESS

Money

A barge carries the eighth and final giant section of the overturned cargo ship Golden Ray, Monday,...

Georgia shipwreck’s last giant chunk removed from water

BRUNSWICK, Ga. (AP) — The final giant chunk of an overturned cargo ship was removed from waters along the coast of Georgia on Monday, almost a year after demolition began on the wreck that tipped over with 4,200 automobiles in its cargo decks. Weighing more than 4,000 metric tons (4,410 U.S. tons), the eighth and […]
1 day ago
President Joe Biden participates in a CNN town hall at the Baltimore Center Stage Pearlstone Theate...

Billionaire tax hits critics as Biden pushes for budget deal

WASHINGTON (AP) — The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan quickly ran into criticism as too cumbersome with some lawmakers preferring the original plan of simply raising the top tax rates on corporations and the wealthy. Biden said Monday he’s hopeful […]
1 day ago

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for December delivery was unchanged at $83.76 a barrel Monday. Brent crude oil for December delivery rose 46 cents to $85.99 a barrel. Wholesale gasoline for November delivery rose 4 cents to $2.52 a gallon. November heating oil rose 2 cents to $2.56 a gallon. November natural gas rose 62 cents […]
1 day ago
Chris Smalls, president of the Amazon Labor Union, joins supporters at the Amazon distribution cent...

Union vote at Amazon’s NY warehouse big step closer

NEW YORK (AP) — The National Labor Relations Board said there was sufficient interest to form a union at an Amazon distribution center in New York, after union organizers on Monday delivered hundreds of signatures to the agency — a key step in authorizing a vote that could establish the first union at the nation’s […]
1 day ago
FILE - A view of the border bridge in Ciudad Acuna, Mexico, on Sept. 24, 2021, across the Rio Grand...

2 border agents are fired for offensive Facebook posts

Two Border Patrol agents were fired from among 60 found to have committed misconduct for participating in a private Facebook group that mocked migrants and lawmakers, investigators said Monday in the most detailed public account yet of an episode that tarnished the agency’s reputation. Most agents’ penalties were significantly reduced from recommendations of an internal […]
1 day ago
FILE - Travelers wear face coverings in the line for the south security checkpoint in the main term...

US details new international COVID-19 travel requirements

WASHINGTON (AP) — Children under 18 and people from dozens of countries with a shortage of vaccines will be exempt from new rules that will require most travelers to the United States be vaccinated against COVID-19, the Biden administration announced. The government said Monday it will require airlines to collect contact information on passengers regardless […]
1 day ago
FILE - In this Sunday, Aug. 15, 2021 file photo, vials of the Moderna COVID-19 vaccine are seen at ...

EU drug regulator OKs booster doses of Moderna’s COVID shot

AMSTERDAM (AP) — The European Medicines Agency said Monday that a booster dose of Moderna’s coronavirus vaccine “can be considered” in people aged 18 and above. In a statement, the EU drug regulator said its analysis had shown that a third dose given of Moderna’s vaccine — which is usually given in a two-dose schedule […]
1 day ago

American businessman looking to rescue English team Derby

DERBY, England (AP) — An American businessman is looking to rescue English second-tier club Derby from bankruptcy protection. Chris Kirchner, the founder of global logistics technology provider Slync.io, has written to inform supporters of his desire to buy Derby out of administration. The team, which is managed by former England and Manchester United striker Wayne […]
1 day ago
A pro-democracy protester flashes the victory sign as thousands take to the streets to condemn a ta...

EXPLAINER: How months of tensions led to Sudan’s coup

CAIRO (AP) — Monday’s military coup in Sudan threatens to wreck the country’s fragile transition to democracy, more than two years after a popular uprising forced the removal of longtime autocrat Omar al-Bashir. The move comes after months of mounting tensions between the military and civilian authorities. Protesters are in the streets denouncing the takeover, […]
1 day ago
FILE - In this Jan. 14, 2021, file photo, tugboats get into position on the Russian pipe-laying ves...

US official: Russia should send more gas to Europe ‘quickly’

FRANKFURT, Germany (AP) — A senior energy adviser to U.S. President Joe Biden urged Russia to supply more natural gas to Europe now rather than wait for approval of a newly completed pipeline, saying Monday that “they should do it quickly” to ward off the risk of severe gas shortages this winter. Amos Hochstein, Biden’s […]
1 day ago
FILE - In this Dec. 29, 2020, file photo a Chester County, Pa., Health Department worker fills a sy...

Moderna says its low-dose COVID shot works for kids 6 to 11

Moderna said Monday that a low dose of its COVID-19 vaccine is safe and appears to work in 6- to 11-year-olds, as the manufacturer joins its rival Pfizer in moving toward expanding shots to children. Pfizer’s kid-size vaccine doses are closer to widespread use. They are undergoing evaluation by the Food and Drug Administration for […]
1 day ago

9 EU countries oppose market reform ahead of energy talks

BRUSSELS (AP) — Nine European Union countries, including heavyweight Germany, have joined forces to say they will not support an overhaul of the electricity market ahead of an emergency meeting of the bloc’s energy ministers Tuesday in Luxembourg. The energy crisis impacting consumers’ bills and businesses has been widely acknowledged by EU leaders, but setting […]
1 day ago

UK to increase low-wage workers’ pay by more than inflation

LONDON (AP) — Millions of low-pay workers in Britain will get an inflation-busting pay increase next year after the government said Monday it will legislate to raise the National Living Wage to 9.50 pounds ($13) an hour from the current rate of 8.91 pounds ($12.25). Britain’s Treasury said the 6.6% increase, which will apply to […]
1 day ago
This Oct. 24, 2021 taken photo shows demonstrators from Extinction Rebellion push a self-made cart ...

World set to miss goal of $100B climate aid pledged to poor

BERLIN (AP) — A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed, dealing a blow to the upcoming U.N. climate talks in Glasgow. Senior officials from Britain, Canada and Germany, who had hoped to break a deadlock in negotiations ahead of […]
1 day ago
FILE - In this Jan. 28, 2020, file photo, a Microsoft computer is among items displayed at a Micros...

Microsoft: Russian-backed hackers targeting cloud services

RICHMOND, Va. (AP) — Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which Microsoft calls Nobelium, has employed a new strategy to piggyback on the direct access that […]
1 day ago
This photo provided by Rise shows Christian Maboko, 18, of Kenya. Maboko is a Rise Global Winner fo...

100 teens get lifetime support to foster global service work

NEW YORK (AP) — Christian Maboko wants to change the world. Starting Monday, the 18-year-old from Burundi, who lives in a Kenyan refugee camp and has co-founded a nonprofit to help address poverty there, will get a lifetime of help with his work from a new philanthropic program to nurture talented teens around the world. […]
1 day ago
In this Tuesday, Nov. 28, 2017 photo a Hertz rental car logo rests on the front of a Hertz location...

Tesla’s market value tops $1T after Hertz orders 100K cars

DETROIT (AP) — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the […]
1 day ago
FILE - This July 8, 2018 photo shows Tesla 2018 Model 3 sedans sit on display outside a Tesla showr...

NTSB chair wants Tesla to limit where Autopilot can operate

DETROIT (AP) — The head of the U.S. National Transportation Safety Board is calling on Tesla to act on recommendations to limit where its Autopilot driver-assist system can operate and to put a system in place to make sure drivers are paying attention. In a letter sent to Tesla CEO Elon Musk on Monday, Chairwoman […]
1 day ago

Supply chain woes throw sand in the gears of German economy

FRANKFURT, Germany (AP) — A closely watched survey of German business optimism sagged for the fourth month in a row, underlining concern about the impact on Europe’s largest economy from sharply higher energy prices and stubborn bottlenecks in supplies of raw materials and parts. The Munich-based Ifo Institute, which compiles the survey of thousands of […]
2 days ago
Protesters from the Insulate Britain campaign block a road near Canary Wharf in east London, Monday...

Road-blocking climate protesters resume campaign in London

LONDON (AP) — Environmental protesters pressuring the British government to insulate all homes within a decade resumed a road-blocking campaign in London on Monday ahead of the United Nations’ annual climate conference. As commuters headed to work, demonstrators from the Insulate Britain campaign obstructed a major artery into Canary Wharf, a major financial center in […]
2 days ago
The minister of national development Kung Ming-hsin addresses media during a press conference in Pr...

Taiwanese delegation in Prague to boost ties; China protests

PRAGUE (AP) — Taiwanese government ministers were visiting the Czech capital on Monday accompanied by dozens of business and research representatives to boost trade and investment, a move that has angered China. Minister of National Development Kung Ming-hsin is leading a delegation of 66 officials representing business and research groups and organizations, including biotechnology, green […]
2 days ago

Liz Weston: Money mistakes could signal dementia

Some of the early signs of dementia are financial: forgetting to pay bills, for example, or having trouble calculating a tip. People who develop dementia also are more likely to miss credit card payments and have subprime credit scores years before they’re diagnosed, according to a study published last year in medical journal JAMA Internal […]
2 days ago
FILE - This Jan. 17, 2017, file photo shows a Facebook logo in Paris. From complaints whistleblower...

EXPLAINER: Just what are ‘The Facebook Papers,’ anyway?

The Facebook Papers project represents a unique collaboration among 17 American news organizations, including The Associated Press. Journalists from a variety of newsrooms, large and small, worked together to gain access to thousands of pages of internal company documents obtained by Frances Haugen, the former Facebook product manager-turned-whistleblower. A separate consortium of European news outlets […]
2 days ago
FILE – In this Nov. 19, 2016, file photo, Mark Zuckerberg, chairman and CEO of Facebook, speaks a...

People or profit? Facebook papers show deep conflict within

Facebook the company is losing control of Facebook the product — not to mention the last shreds of its carefully crafted, decade-old image as a benevolent company just wanting to connect the world. Thousands of pages of internal documents provided to Congress by a former employee depict an internally conflicted company where data on the […]
2 days ago