National Business - The Morning Sun

File - Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington. On Wednesday, the Federal Reserve releases minutes from its December meeting when it raised its benchmark lending rate by a half of a point – its seventh and final increase of the year – in its ongoing battle to bring down stubbornly high inflation. (AP Photo/Jacquelyn Martin, File)

Fed minutes: Officials cited strong hiring to justify hikes

Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates … more

By CHRISTOPHER RUGABER | 1/4/23

FILE - A bucket wheel excavator is mining coal at the Garzweiler open-cast coal mine with wind turbines in the background in Luetzerath, Germany, Wednesday, Nov. 2, 2022. Data published Wednesday, Jan. 4, 2023 by a respected environmental think tank shows Germany likely missed its target for reducing greenhouse gas emissions last year, despite a massive effort by the new government to expand the use of renewable energy. (AP Photo/Michael Probst, File)

Germany likely missed climate target again, activists angry

Germany likely missed its target for reducing greenhouse gas emissions last year, despite a massive effort by the new government to expand the use of renewable energy. Data published Wednesday by the … more

By FRANK JORDANS | 1/4/23

FILE - Oklahoma Attorney General John O'Connor speaks to reporters following a campaign event on May 31, 2022, in Oklahoma City. O'Connor announced Wednesday, Jan. 4, 2023, that Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million. (AP Photo/Sue Ogrocki, File)

Oklahoma AG announces 4 new opioid settlements worth $226M

Oklahoma has entered into four new settlements with opioid makers and distributors totaling more than $226 million. Outgoing Attorney General John O'Connor announced the agreements Wednesday with … more

By SEAN MURPHY | 1/4/23

People ride the cable car above the ski track without any snow on Bjelasnica mountain near Sarajevo, Bosnia, Wednesday, Jan. 4, 2023. (AP Photo/Armin Durgut)

Bosnian ski resorts suffer as Europe sees record warm winter

The new year’s festivities are over in Bosnia, and visitors to the country’s winter resorts are packing to go home. Spring-like temperatures have left little or no snow on the mountains, and … more

By SABINA NIKSIC and JAMEY KEATEN | 1/4/23

FILE - An advertisement for Coinbase, center, is displayed on NASDAQ billboard in Times Square, New York, Thursday, Nov. 4, 2021. 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. (AP Photo/Seth Wenig, File)

Coinbase to pay $100M in settlement with New York regulators

New York has announced a $100 million settlement with Coinbase over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal … more

1/4/23

Confetti falls at midnight on the Times Square New Year's celebration, early Sunday, Jan. 1, 2023, in New York. (Photo by Ben Hider/Invision/AP)

A lion roars on Broadway as box office hauls reveal winners

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 … more

By MARK KENNEDY | 1/4/23

Ireland fines Meta 390M euros in latest privacy crackdown

Irish regulators have 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 … more

1/4/23

FILE - A hiring sign is displayed at a restaurant in Rolling Meadows, Ill., Tuesday, Dec. 27, 2022. On Wednesday, the Labor Department reports on job openings and labor turnover for November. (AP Photo/Nam Y. Huh, File)

US job openings fell slightly in November yet still high

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 … more

By CHRISTOPHER RUGABER | 1/4/23

FILE - In this Thursday, May 16, 2019, file photo, Salesforce chairman Marc Benioff speaks during a news conference, in Indianapolis. Salesforce is laying off about 10% of its workforce, more than 7,350 employees, the latest 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, Jan. 4, 2023. (AP Photo/Darron Cummings, File)

Salesforce cuts about 10% of its workforce

Salesforce is laying off about 10% of its workforce, more than 7,350 employees, in the latest round of job cuts in the tech industry as corporations cut back on software and other spending. The San … more

By MICHELLE CHAPMAN | 1/4/23

In this photo provided by Archana Sahgal, Aqeela Sherrills, an advisor to the nonprofit Hyphen, addresses a gathering of participants of the Community Violence Intervention Collaborative at the Eisenhower Executive Office Building in Washington, D.C. on Dec. 8, 2022. (AP Photo/Archana Sahgal/Hyphen)

White House gun violence program with philanthropies ends

A little known Biden administration initiative to reduce gun violence that was funded by philanthropic foundations wrapped up in December with a celebration hosted in Washington. The Community … more

By THALIA BEATY | 1/4/23

FILE - This July 9, 2019, file photo shows a sign outside of the Twitter office building in San Francisco. Twitter said on late Tuesday, Jan. 3, 2023, that it will ease up on its 3-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year. (AP Photo/Jeff Chiu, File)

Twitter says it will relax ban on political advertising

Twitter says it will ease up its 3-year-old ban on political advertising. It's the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year. The … more

By The Associated Press | 1/4/23

Edmunds: Top vehicles to look out for in 2023

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 … more

By MICHAEL CANTU | 1/4/23

FILE - President Joe Biden walks on the South Lawn of the White House after stepping off Marine One, Jan. 2, 2023, in Washington. Biden will visit a notoriously dilapidated bridge connecting Ohio and Kentucky on Wednesday to promote his administration's infrastructure law. The Brent Spence Bridge has long been a symbol of the nation's aging infrastructure system, with presidents of both parties vowing to fix it. (AP Photo/Patrick Semansky)

Biden heads to Kentucky to highlight cash for aging bridge

President Joe Biden is stopping by a notoriously dilapidated bridge connecting Ohio and Kentucky to promote his administration's infrastructure law. The Brent Spence Bridge has long been a symbol of … more

By SEUNG MIN KIM | 1/4/23

Mohamed Soliman of Atmos Gear shows off the Atmos Gear inline electric skates during CES Unveiled before the start of the CES tech show, Tuesday, Jan. 3, 2023, in Las Vegas. (AP Photo/John Locher)

Best of CES 2023: Electric skates, pet tech and AI for birds

Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show. The show is getting back to normal after going virtual in 2021 and … more

By ADRIANA MORGA, HALELUYA HADERO and CARA RUBINSKY | 1/4/23

FILE - Visitors past by the booth for Ant Group at the China International Fair for Trade in Services (CIFTIS) in Beijing, China on Monday, Sept. 6, 2021. Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. (AP Photo/Ng Han Guan, File)

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off … more

By ZEN SOO | 1/4/23

FILE - Travelers queue up at the check-in counters for Southwest Airlines in Denver International Airport, Friday, Dec. 30, 2022, in Denver. Southwest Airlines is trying to fix its relationship with travelers who got stuck by canceled flights over the holidays. On Tuesday, Jan. 3, 2023, Southwest told affected travelers that they will get 25,000 frequent-flyer points, which are worth more than $300 in tickets. (AP Photo/David Zalubowski, File)

Southwest apologizes, gives customers frequent-flyer points

Southwest Airlines is trying to fix its relationship with travelers who got stuck by canceled flights over the holidays. On Tuesday, Southwest told affected travelers that they will get 25,000 … more

1/3/23

FILE - A Union Pacific train travels through Union, Neb., on July 31, 2018. Federal regulators have ordered Union Pacific to make sure a California company gets the grain it needs to prevent millions of chickens from starving while it works to recover from the recent bitter cold and snow. This is the second time in the past year regulators issued an emergency order related to delivery problems at Foster Farms as the railroad struggled with a shortage of crews. (AP Photo/Nati Harnik, File)

Feds say railroad must deliver grain to California chickens

Federal regulators have ordered Union Pacific railroad to make sure a livestock producer gets the grain it needs in California to prevent millions of chickens and hundreds of thousands of cattle from … more

By JOSH FUNK | 1/3/23

Tesla shares tumble after company misses delivery target

Shares of Tesla have tumbled on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. The electric vehicle and solar panel maker’s stock was … more

By TOM KRISHER | 1/3/23

Video game workers form Microsoft's first US labor union

A group of video game testers is forming Microsoft’s first labor union in the U.S. It will also be the largest union in the video game industry. Microsoft has already told the Communications … more

By MATT O'BRIEN | 1/3/23

FILE - FTX founder Sam Bankman-Fried, center, is escorted to his car from the U.S. District Court in Manhattan, Thursday, Dec. 22, 2022, in New York. A judge agreed to a request by prosecutors to keep it secret that two of Bankman-Fried's executive associates had turned against him so that the cryptocurrency entrepreneur would agree not to fight extradition from the Bahamas to the United States, according to transcripts of plea deals made public Friday, Dec. 23, 2022. (AP Photo/Julia Nikhinson)

FTX founder Sam Bankman-Fried faces arraignment in New York

FTX founder Sam Bankman-Fried is returning to a Manhattan federal court to face charges of cheating investors and looting customer deposits on his cryptocurrency trading platform. Bankman-Fried is … more

1/3/23