AP National Business

SEATTLE (AP) — U.S. authorities say police in Estonia have arrested two men accused in a half-billion-dollar cryptocurrency fraud. An indictment unsealed in U.S. District Court in Seattle on Monday charged 37-year-old Estonian citizens Sergei Potapenko and Ivan Turogin with wire fraud and conspiracy to commit money laundering. Prosecutors say they tricked hundreds of thousands

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — New York issued its first 36 cannabis dispensary licenses on Monday, taking a monumental step in establishing a legal — and lucrative — marketplace for recreational marijuana. The licenses approved by the state’s Cannabis Control Board were the first of 175 the state plans to

The Associated Press Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1%. The Dow benefited from a big gain in Disney, which

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Carvana Co., down $1.01 to $7.05. The used-vehicle chain is cutting 1,500 jobs, or 8% of its workforce. The Walt Disney Co., up $5.78 to $97.58. Bob Iger is returning as CEO of the entertainment company to replace Bob Chapek. Newmont

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed lower on Wall Street Monday, as a slide in technology companies offset gains elsewhere in the market. The S&P 500 fell 0.4% and the tech-heavy Nasdaq composite dropped 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1% The Dow

By The Associated Press Elon Musk’s Twitter has reinstated the personal account of far-right Rep. Marjorie Taylor Greene, which was banned in January for violating the platform’s COVID misinformation policies. The Georgia Republican’s reinstatement comes after Musk over the weekend reinstated the account of former President Donald Trump, who was banned in the aftermath of

By JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court said Monday it will hear a dispute over a dog toy that got whiskey maker Jack Daniel’s barking mad. Jack Daniel’s had asked the justices to hear its case against the manufacturer of the plastic Bad Spaniels toy. The toy mimics the Jack Daniel’s

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — A federal judge has ordered Amazon to stop retaliating against employees engaged in workplace activism. The ruling was made Friday in a court case brought by the National Labor Relations Board. The agency sued the company in March seeking the reinstatement of a fired employee

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back. The likelihood of a

By QASSIM ABDUL-ZAHRA and SAMYA KULLAB Associated Press BAGHDAD (AP) — Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards. The scandal poses an early test for Iraq’s new government, which was formed late last

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case. They are pinning their hopes for convicting Donald Trump’s company largely on the word of two top executives who cut deals before testifying that they schemed to avoid taxes on company-paid perks.

By JEFFREY SCHAEFFER and STEPHEN McGRATH Associated Press PARIS (AP) — French President Emmanuel Macron said more than 100 million euros was raised at a donors conference on Monday to help assist Europe’s poorest country, Moldova, which is suffering massive blackouts, an acute energy crisis, heavy refugee flows and potential security threats from the war

By KEN SWEET AP Business Writer NEW YORK (AP) — The failed cryptocurrency exchange FTX owes more than $3 billion to its largest creditors, the company disclosed in a court filing over the weekend. The list of the top 50 unsecured claims against FTX gives the public a first glance into the amount of money

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — Two Philadelphia developers want to build a $3 billion housing, office and retail project on the site of a historic former airport in Atlantic City. But the proposal by Tower Investments and Post Brothers unveiled on Monday faces competition from a previously announced, auto-centric project

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays and casting more doubt on whether the industry will be able to resolve the labor dispute before next

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks slipped on Wall Street in afternoon trading Monday to kick off a holiday-shortened week. The S&P 500 was down 0.3% as of 3:04 p.m. Eastern. The tech-heavy Nasdaq composite fell 1%. The Dow Jones Industrial Average rose 4 points, or less than 0.1%, to

BURBANK, Calif. (AP) — Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance. The stunning development comes two

NEW YORK (AP) — Stocks are opening lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 was down 0.4% in the early going Monday, while drops in tech companies helped pull the Nasdaq down 0.5%. The Dow Jones Industrial Average was just barely in the green, thanks largely to a