AP National Business

NEW YORK (AP) — New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity. According to the state Department of Financial Services, Coinbase’s anti-money-laundering program and its system for monitoring transactions for suspicious activity were inadequate

By MICHELLE CHAPMAN AP Business Writer Automaker Stellantis is teaming with Archer Aviation to create an electric aircraft. The plane, named Midnight, will be able to carry the pilot and four passengers. The aircraft will have a range of of 100 miles (160.9 kilometers), making it best for back-to-back short distance trips of around 20

CAIRO (AP) — Egypt’s Central Banks says the pound has seen its largest single-day slide since the government agreed to a $3 billion International Monetary Fund deal in late October. Wednesday’s sharp fall comes less than two weeks after Egypt and the IMF formally ratified the $3 billion support package. The deal was approved in

By KELVIN CHAN AP Business Writer LONDON (AP) — European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to agree to personalized ads based on their online activity. Ireland’s Data Protection Commission imposed two fines

By MARK KENNEDY AP Entertainment Writer NEW YORK (AP) — It was feast or famine at the Broadway box office as 2022 wound down, with eye-popping revenue for popular shows — including a staggering new Broadway record for “The Lion King” — not lifting all strugglers. Twenty-one of the 33 shows available broke the $1

By MUNIR AHMED Associated Press ISLAMABAD (AP) — Authorities in Pakistan have ordered shopping malls and markets to close by 8:30 p.m. as part of a new energy conservation plan aimed at easing Pakistan’s economic crisis. The move Wednesday comes amid talks with the International Monetary Fund. On Tuesday, Pakistan’s defense minister and and minister

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks gave up most of an early gain on Wall Street after another strong signal on the job market renewed concerns that the Federal Reserve won’t be able to ease up on its aggressive campaign to fight inflation. The S&P 500 was flat after

LONDON (AP) — Irish regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for online privacy violations and banned the company from forcing European users to agree to personalized ads based on their online activity. Ireland’s Data Protection Commission imposed two fines totaling 390 million euros ($414 million) in its decision

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. job openings slipped in November but remained at high suggesting businesses are still determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains.  There were 10.46 million job vacancies on the last day of November, down slightly from

By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are fine-tuning a coordinated response to China’s COVID-19 crisis and are zeroing in on travel restrictions that would upset both Beijing and the global airline industry. China has already vehemently rejected travel restrictions some EU nations have started to impose and has warned of

By SYLVIA HUI Associated Press LONDON (AP) — British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration. In a speech setting out the Conservative government’s priorities for the year ahead, Sunak focused on tackling the U.K.’s slowing economy and

NEW YORK (AP) — Stocks are opening higher on Wall Street, led by gains in the tech sector, which has been taking a beating over the past year. Salesforce rose nearly 4% in the early going Wednesday after becoming the latest tech company to announce layoffs. The company, a member of the Dow Jones Industrial

WARSAW, Poland (AP) — Poland’s defense minister has signed a deal to buy a second batch of U.S Abrams main battle tanks as Warsaw beefs up its defensive capabilities and strengthens military cooperation with Washington in light of Russia’s war in neighboring Ukraine. Poland is the first U.S. ally in Europe to procure Abrams tanks.

BRUSSELS (AP) — The European Union says natural gas storage levels are high despite Russian attempts to choke off supplies to Europe amid the war in Ukraine. The 27 EU countries stocked up on gas last year in case of winter shortages. The EU commission estimated Wednesday that joint gas storage levels stand at almost

By THALIA BEATY Associated Press NEW YORK (AP) — It was small, as Washington celebrations go — two senior Biden administration advisers gathered with program participants near the White House on a Thursday afternoon in December to mark the end of a little-known initiative with a budget of less than $8 million. The impact of

By MICHELLE CHAPMAN AP Business Writer Salesforce is laying off about 10% of its workforce in the latest round of job cuts in the tech industry as corporations cut back on software and other spending. The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday. “The

By SALLY FRENCH of NerdWallet The Walt Disney Company is whipping up new attractions to mark turning 100 years old. Celebrations at Disney’s original Disneyland and California Adventure theme parks in Anaheim, California, kick off on Jan. 27 with the return of the short-lived Magic Happens parade, a new nighttime show with fireworks, and a

By MICHAEL CANTU Edmunds The supply chain shortage has crushed automotive production and sales, but that hasn’t stopped automakers from introducing new and redesigned models. Electric vehicles are the next hot trend, but gas-powered and hybrid vehicles aren’t going anywhere anytime soon, and there are plenty of new ones hitting the market this year. The