National Business - The Morning Sun

FILE - A sign is displayed on the floor of the New York Stock Exchange in New York, Wednesday, June 14, 2023. Halfway into 2023, and so little on Wall Street has gone according to plan. The S&P 500 has climbed roughly 14% as one of the most-predicted and longest awaited recessions in history has yet to appear. (AP Photo/Seth Wenig, File)

After a raucous first half of 2023, Wall Street is still wondering if recession is in the cards

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Halfway into 2023, and so little on Wall Street has gone according to plan. The S&P 500 has climbed roughly 14% as one of the most-predicted and longest awaited recessions in history has yet to … more

By STAN CHOE | 6/29/23

FILE - Britain's King Charles III and Queen Camilla on the balcony of Buckingham Palace watch the Royal Air Force Red Arrows fly over after their coronation ceremony, in London, on May 6, 2023. A change in monarchs, double-digit inflation and ongoing costs of renovating Buckingham Palace contributed to a 5% increase in publicly-funded spending by Britain's royals, royal accounts published Thursday, June 29, 2023 showed. (AP Photo/Petr David Josek, File)

British royals' public spending up 5% in year of historic change

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Royal accounts show that a change in monarchs, double-digit inflation and ongoing costs of renovating Buckingham Palace contributed to a 5% increase in publicly-funded spending by Britain’s royals. … more

By SYLVIA HUI | 6/29/23

A hiring sign is seen in Downers Grove, Ill., Wednesday, April 12, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh)

Applications for jobless benefits in the U.S. retreat after three weeks of higher claims

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Applications for unemployment benefits fell significantly last week after it appeared claims had reached a modestly elevated level in recent weeks. U.S. applications for jobless claims fell by 26,000 … more

By MATT OTT | 6/29/23

Unsold 2023 Gladiator pickup trucks sit in a long row at a Jeep dealership Sunday, June 18, 2023, in Englewood, Colo. On Thursday, the Commerce Department issues its third and final estimate of how the U.S. economy performed in the first quarter of 2023. (AP Photo/David Zalubowski)

US economic growth last quarter is revised up to a 2% annual rate

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The U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years, the government said Thursday in a sharp upgrade from its previous … more

By PAUL WISEMAN | 6/29/23

FILE- Mary Skinner inspects the rear end of a General Motors Chevrolet Cruze at Jamestown Industries in Youngstown, Ohio on Nov. 28, 2018. U.S. automakers and parts manufacturers have added nearly 90,000 jobs since January 2020 but it's hard to tease out just which economic gains can be credited to USMCA and which happened for a variety of unrelated reasons. (AP Photo/Tony Dejak, File)

North American trade pact on 3rd anniversary: Optimism is rising for US and Mexican workers

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To President Donald Trump, America’s trade relationship with Mexico was intolerable. He seethed over the U.S. trade deficit and shuttered factories in America’s heartland. So Trump pressured … more

By PAUL WISEMAN, MARK STEVENSON and TOM KRISHER | 6/29/23

FILE - Tom Vilsack, U.S. Secretary of Agriculture addresses a gathering at Fresh Start Food Hub & Market, June 15, 2023, in Manchester, N.H. Smaller meat and poultry operators in 17 states will receive $115 million in grants, the U.S. Department of Agriculture announced Thursday, June 29. (AP Photo/Charles Krupa, File)

$115M in federal grants will give a boost to smaller meat processors in 17 states

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Smaller meat and poultry operators in 17 states will receive $115 million in grants. The U.S. Department of Agriculture announced the funding Thursday. The grants are the latest in a series of awards … more

By SCOTT McFETRIDGE | 6/29/23

A staff member walks past Fender guitars on display at the opening ceremony of its Tokyo store Thursday, June 29, 2023. Fender, the guitar of choice for some of the world’s biggest stars from Jimi Hendrix to Eric Clapton, is opening what it calls its “first flagship store” in its 77-year history. (AP Photo/Eugene Hoshiko)

US guitar maker Fender opens flagship store in Tokyo banking on regional growth

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Fender, the guitar of choice for some of the world’s biggest stars from Jimi Hendrix to Eric Clapton, is opening what it calls its “first flagship store” in its 77-year history. The American … more

By YURI KAGEYAMA | 6/29/23

FILE - Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing in Washington, Wednesday, June 21, 2023. Federal Reserve Chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system after the failure of three large U.S. banks this spring. (AP Photo/Andrew Harnik, File)

Federal Reserve may tighten financial rules after US bank failures, Powell says

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Federal Reserve Chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system after the failure of three large U.S. banks this spring. Powell said … more

By CHRISTOPHER RUGABER | 6/29/23

Former Facebook content moderator Nathan Nkunzimana speaks to The Associated Press in Nairobi, Kenya, Friday, June 9, 2023. Nearly 200 former content moderators for Facebook are suing the company and a local contractor in a court case in Kenya that could have implications for the work worldwide. (AP Photo/Khalil Senosi)

Facebook content moderators in Kenya call the work 'torture.' Their lawsuit may ripple worldwide

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Nearly 200 former content moderators for Facebook are suing the company and a local contractor in a court case in Kenya that could have implications for the work worldwide. They are the first known … more

By EVELYNE MUSAMBI and CARA ANNA | 6/29/23

FILE - People recite an oath during a naturalization ceremony Wednesday, Feb. 15, 2023, in San Diego. Population estimates released Thursday, June 22, 2023, by the U.S. Census Bureau show what drove changes in different race and ethnic groups last year, as well as since the start of COVID-19's spread in the U.S. in April 2020. The United States had grown to 333.2 million people by the middle of last year, a 0.4% increase over the previous year, according to the 2022 population estimates. (AP Photo/Gregory Bull, File)

Chance to challenge 2020 census numbers is ending, with funding for states and cities at stake

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The window for local, state and tribal governments to challenge their 2020 census figures closes after Friday, and with it the opportunity to correct mistakes in population totals that could cost … more

By MIKE SCHNEIDER | 6/29/23

Catherine Langabeer, left, the head of sustainability at the Countdown chain of supermarkets, and Associate Environment Minister Rachel Brooking demonstrate collecting fruit in reusable polyester mesh bags on Thursday, June 29, 2023, at a Countdown supermarket in Wellington, New Zealand. New Zealand's government says that from Saturday, it will be the first nation in the world to ban the thin plastic bags that supermarket customers use to collect their fruit and vegetables. (AP Photo/Nick Perry)

New Zealand says it's the first to ban thin plastic bags from supermarkets

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New Zealand’s government says that from Saturday, it will be the first nation in the world to ban the thin plastic bags that supermarket customers use to collect their fruit and vegetables. The new … more

By NICK PERRY | 6/29/23

FILE - Morris Griffin, of Los Angeles, speaks during the public comment portion of the Reparations Task Force meeting in Sacramento, Calif., on March 3, 2023. California's first-in-the-nation reparations task force wraps up its historic work Thursday, June 29, 2023, with the formal submission to lawmakers of a final report that includes dozens of recommendations on how the state can apologize and compensate Black residents for decades of discriminatory practices and policies. (Paul Kitagaki Jr./The Sacramento Bee via AP, File)

California Black reparations task force concludes historic 2-year work

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California’s first-in-the-nation reparations task force wraps up its historic work with a final report to lawmakers. The report documents the state’s role in perpetuating discrimination against … more

6/29/23

Norfolk Southern Railroad ceo Alan Shaw speaks during an interview Wednesday, June 21, 2023, in Atlanta. (AP Photo/John Bazemore)

Safety concerns dominate Norfolk Southern railroad CEO's job since Ohio derailment

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Norfolk Southern’s CEO has spoken often of safety and better service since he took the job over a year ago, but it’s safety that has dominated discussions after one of his trains derailed and … more

By JOSH FUNK | 6/29/23

Paris 2024 Olympics Organizing Committee President Tony Estanguet pauses during an interview with the Associated Press gestures during an interview at the headquarters of Paris 2024 in Saint-Denis, outside Paris, France, Tuesday, June 27, 2023. (AP Photo/Christophe Ena)

The AP Interview: Olympics boss vows Paris Games will be safe, says no resignations planned in probe

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Tony Estanguet won gold medals for canoeing in the 2000, 2004 and 2012 Olympic Games. Now, the trim 45-year-old is the face and chief organizer of the 2024 Paris Games. He presides over a rapidly … more

By JOHN LEICESTER | 6/28/23

FILE - Migrants watch a train go past as they wait along the train tracks hoping to board a freight train heading north, one that stops long enough so they can hop on, in Huehuetoca, Mexico, May 12, 2023, the day after U.S. pandemic-related asylum restrictions called Title 42 were lifted. Unwittingly, migrants in Latin America finance disinformation during their journeys to the U.S., as they fall victim to fraud that can cost them thousands of dollars and that in turn has served to develop new business models, from fake work recruiters to those who call themselves "migration coaches." (AP Photo/Marco Ugarte, File)

Migrants in Mexico fall victim to rampant scams on their way to the US

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Social media platforms like Facebook, WhatsApp and TikTok serve as a vehicle for deception, misinformation and scams aimed at migrants seeking a better life for them and their families in the United … more

6/28/23

The largest US banks would survive a severe recession, the Fed's 'stress tests' show

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The nation’s 23 largest banks passed the Federal Reserve’s so-called stress tests this year, a sign that the nation’s banking system remains resilient despite the recent banking crisis that … more

By KEN SWEET | 6/28/23

New York Mets owners Steve Cohen gestures while speaking during a news conference before a baseball game against the Milwaukee Brewers Wednesday, June 28, 2023, in New York. (AP Photo/Frank Franklin II)

Mets owner Steve Cohen considering trade deadline selloff, but Showalter, Eppler safe through season

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Mets owner Steven Cohen is threatening his underperforming team with the prospect of a trade deadline selloff unless New York gets back into contention for a playoff berth. Cohen said manager Buck … more

By RONALD BLUM | 6/28/23

FILE - Canadian Pacific trains sit at the main CP Rail train yard in Toronto, March 21, 2022. CSX and CPKC railroads announced a deal Wednesday, June 28, 2023, that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle a significant amount of freight. (Nathan Denette/The Canadian Press via AP, File)

Railroads CSX and CPKC will invest in connecting their networks to increase traffic in Southeast

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CSX and CPKC railroads announced a deal Wednesday that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle a significant amount … more

By JOSH FUNK | 6/28/23

People bask in the sun at the Atlantic City, N.J., beachfront, July 9, 2018. In a move made without public announcement or debate, a state Assembly panel on Tuesday, June 27, 2023, amended a bill that would have extended New Jersey's internet gambling law for another 10 years. shortening that time frame to just two years. (AP Photo/Wayne Parry)

Shortening of internet gambling future stuns Atlantic City casinos

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Atlantic City’s casinos are trying to understand why New Jersey lawmakers plan to drastically shorten the length of time that internet gambling can be conducted in the state. A state Assembly panel … more

By WAYNE PARRY | 6/28/23

This combination of photos shows filmmakers Paul Thomas Anderson, left, Martin Scorsese and Steven Spielberg who are stepping up to help curate programming for Turner Classic Movies. (AP Photo)

Turner Classic Movies looks to the future with help from Paul Thomas Anderson, Scorsese, Spielberg

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Steven Spielberg, Martin Scorsese and Paul Thomas Anderson are stepping up to help curate programming for Turner Classic Movies, amid a tumultuous week of layoffs and leadership changes that had fans … more

By LINDSEY BAHR | 6/28/23