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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Biden releases 2019 taxes as pre-debate contrast with Trump

    WASHINGTON (AP) — Democratic presidential nominee Joe Biden paid nearly $288,000 in federal income taxes last year, according to returns he released just hours before his Tuesday night debate with President Donald Trump. The move came following a report from The New York Times that Trump paid just $750 in income taxes in 2016, the […]
  • House approves bill to combat doping in horse racing

    WASHINGTON (AP) — The House approved a bill Tuesday to create national medication and safety standards for the horse racing industry as lawmakers move to clamp down on use of performance-enhancing drugs that can lead to horse injuries and deaths. The “Horseracing Integrity and Safety Act” comes after a series of doping scandals and a […]
  • Regulators crack down on aggressive, dubious debt collectors

    NEW YORK (AP) — Those mysterious debt collectors who call insisting you’ll be in legal peril if you don’t pay them big bucks are in hot water themselves, accused in a nationwide crackdown of harassing and threatening consumers, often about debts that don’t actually exist. The Federal Trade Commission on Tuesday highlighted enforcement actions filed […]
  • Microsoft resolves major Monday outage after five hours

    NEW YORK (AP) — Microsoft took five hours to resolve a major outage of its workplace applications on Monday, but has not clarified what caused the outage. The company said the outage, which affected users’ ability to log into Office 365 applications, began early evening Monday Eastern time. Microsoft did not reply to questions Tuesday […]
  • Closing date of GM-Nikola partnership may be delayed

    DETROIT (AP) — Shares in electric and hydrogen-powered truck startup Nikola fell more than 6% Tuesday after General Motors cast doubt on whether a $2 billion partnership would close as scheduled. GM says in a statement that the deal has not closed and discussions with Nikola are continuing. Yet a press release from when the […]
  • MGM Resorts outlines conference health screening option

    LAS VEGAS (AP) — Casino giant MGM Resorts International is teaming with a firm that provided COVID-19 screenings for the National Hockey League playoffs and a health care provider to high-volume events in an optional conference attendee safety plan at its U.S. hotels and casinos, the company announced Tuesday. A system dubbed “Convene with Confidence” […]
  • JPMorgan to pay $920M for manipulating bond, metals markets

    NEW YORK (AP) — JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior. U.S. financial regulators and the Department of Justice said traders at JPMorgan used a tactic known as “spoofing” over an eight-year period. Spoofing is […]
  • Hybrid Paris Fashion Week, both physical and digital, begins

    PARIS (AP) — Christian Dior on Tuesday was the first major fashion house to stage a traditional ready-to-wear runway show in Paris since the coronavirus pandemic hit in March. The show headlined the first full day of a hybrid-style Paris Fashion Week. A giant “DIOR”-emblazoned white annex in the chic Tuileries Gardens stood against the […]
  • Unfriendly skies: Airline workers brace for mass layoffs

    DETROIT (AP) — The worries are growing for United Airlines flight attendant Jordy Comeaux. In a few days, he’ll be among roughly 40,000 airline workers whose jobs are likely to evaporate in an industry decimated by the coronavirus pandemic. Unless Congress acts to help for a second time, United will furlough Comeaux on Thursday, cutting […]
  • Unfriendly skies: Airline workers brace for mass layoffs

    DETROIT (AP) — The worries are growing for United Airlines flight attendant Jordy Comeaux. In a few days, he’ll be among roughly 40,000 airline workers whose jobs are likely to evaporate in an industry decimated by the coronavirus pandemic. Unless Congress acts to help for a second time, United will furlough Comeaux on Thursday, cutting […]