National Business - The Morning Sun

File - A customer makes a transaction at an automatic teller machine in Los Angeles on March 27, 2023. The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck. (AP Photo/Richard Vogel, File)

What to know about overdraft fees as the White House cracks down on them

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The Consumer Financial Protection Bureau has proposed new rules that would lower overdraft fees, with President Joe Biden calling the charges “exploitative.” Currently, the fee for overdrawing a … more

By CORA LEWIS | 1/17/24

The new line-up of Samsung Galaxy S24 phones on display at a preview event in San Jose, Calif. on Wednesday, Jan. 17, 2024. The sales pitch for the Galaxy S24 phones revolves around an array of new features powered by artificial intelligence, or AI, in contrast to Samsung's usual strategy highlighting mostly incremental improvements to the device's camera and battery life. (AP Photo/Haven Daley)

Samsung vies to make AI more mainstream by baking in more of the technology in its new Galaxy phones

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Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go. Samsung provided a glimpse of how … more

By MICHAEL LIEDTKE | 1/17/24

Actor Aunjaune Ellis, left, and director Ava DuVernay pose for a portrait to promote the film "Origin" on Tuesday, Dec. 5, 2023, in Beverly Hills, Calif. (AP Photo/Damian Dovarganes)

In 'Origin,' Ava DuVernay and Aunjanue Ellis-Taylor seek the roots of racism

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Ava DuVernay’s “Origin” takes a heavyweight work of historical and sociological inquiry and transforms it into a deeply humanistic drama and globe-trotting detective story. DuVernay's … more

By JAKE COYLE | 1/17/24

Kansas City Chiefs quarterback Patrick Mahomes (15) runs in front of Miami Dolphins defensive end Emmanuel Ogbah (91) during the first half of an NFL wild-card playoff football game Saturday, Jan. 13, 2024, in Kansas City, Mo. (AP Photo/Ed Zurga)

Helmet manufacturer: Mahomes' shattered lid in playoff game 'did its job'

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The manufacturer of the helmet that Chiefs quarterback Patrick Mahomes shattered during their AFC wild-card game with Miami says it “did its job” by protecting him on a helmet-to-helmet collision … more

By DAVE SKRETTA | 1/17/24

FILE - Bernie Moreno is acknowledged at a rally with former President Donald Trump at the Delaware County Fairgrounds, on April 23, 2022, in Delaware, Ohio. (AP Photo/Joe Maiorana, File)

Trump-backed Ohio US Senate candidate and businessman Moreno faced discrimination suits, AP finds

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An Associated Press review has found businessman and Trump-backed Ohio U.S. Senate candidate Bernie Moreno faced lawsuits alleging discrimination against employees before he sold his high-end … more

By JULIE CARR SMYTH | 1/17/24

European Central Bank President Christine Lagarde, left, speaks with Netherland's Finance Minister Steven Van Weyenberg during a roundtable meeting of eurogroup finance ministers at the European Council building in Brussels, Monday, Jan. 15, 2024. Eurogroup finance ministers on Monday will discuss, among other issues, competitiveness, energy prices and the 2024 work program. (AP Photo/Geert Vanden Wijngaert)

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

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European Central Bank head Christine Lagarde says cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy. Lagarde is faced with … more

By DAVID McHUGH | 1/17/24

FILE - Cincinnati Reds' Joey Votto, right, sits in the broadcast booth with John Sadak, center right, and Barry Larkin, center left, during a baseball game against the St. Louis Cardinals Wednesday, Aug. 31, 2022, in Cincinnati. Amazon will partner with the Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11 NHL.(AP Photo/Jeff Dean, File)

Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement

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Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18 networks under the Bally … more

By JOE REEDY | 1/17/24

3 killed and 77 injured in a massive blast caused by explosives in a southern Nigerian city

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Nigerian authorities say two people have died and 77 others were injured after a massive blast rocked more than a dozen buildings in one of the country's largest cities. The governor of Oyo state … more

By CHINEDU ASADU | 1/17/24

U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., Monday, Jan. 8, 2024. Yellen announced that 100,000 businesses have joined a new database that collects "beneficial ownership" information on firms as part of a new government effort to unmask shell company owners. (AP Photo/Susan Walsh)

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending

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Treasury Secretary Janet Yellen is making an election year pitch that the current state of the economy “vindicates” Democrats’ decision to pass a $1.9 trillion coronavirus pandemic response … more

By FATIMA HUSSEIN | 1/17/24

Billionaire backers of new California city reveal map, details of proposed development

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The people behind a secretive Silicon Valley-backed ballot initiative to construct a new city on California farmland are releasing more details of their plan. Project backers are submitting paperwork … more

By JANIE HAR | 1/17/24

A Fresh Start for Your Finances

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The first day back to work in January, I thought my wife had shrunk my dry-clean-only pants in the dryer. She hadn't; I guess I had too many peanut butter balls between Christmas and New Year's Day. … more

By Dr. Richard Baker, Fervent Wealth Management | 1/17/24

Young workers rest outside a shopping mall in Beijing, Wednesday, Jan. 17, 2024. China published youth unemployment data Wednesday for the first time since the jobless rate hit a record high in June last year, using a new method that showed an apparent improvement. (AP Photo/Ng Han Guan)

China starts publishing youth jobless data again, with a new method and a lower number

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China published youth unemployment data Wednesday for the first time since the jobless rate hit a record high in June last year, using a new method that showed an apparent improvement. China … more

By ZEN SOO | 1/17/24

Jake Sullivan, U.S. National Security Advisor speaks during the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 16, 2024. The annual meeting of the World Economic Forum is taking place in Davos from Jan. 15 until Jan. 19, 2024.(AP Photo/Markus Schreiber)

Davos hosts UN chief, top diplomats of US, Iran as World Economic Forum meeting reaches Day Two

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The top diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the … more

By JAMEY KEATEN | 1/17/24

FILE - People stand on the steps of the U.S. Supreme Court, Feb.11, 2022, in Washington. The Supreme Court is taking up challenges by commercial fishermen to a fee requirement that could achieve a long-sought goal of business and conservative interests, limiting a wide range of government regulations. Billions of dollars are potentially at stake. (AP Photo/Mariam Zuhaib, File)

The Supreme Court takes up major challenges to the power of federal regulators

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The Supreme Court is taking up challenges by commercial fishermen to a fee requirement that could achieve a long-sought goal of business and conservative interests, limiting a wide range of … more

By MARK SHERMAN | 1/17/24

Models wear creations for Louis Vuitton as part of the Menswear ready-to-wear Fall-Winter 2024-2025 collection presented in Paris, Tuesday, Jan. 16, 2024. (AP Photo/Thibault Camus)

Pharrell Williams’ sophomore collection at Louis Vuitton showcases Americana, Native American spirit

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At Paris Fashion Week, Pharrell Williams unveiled his sophomore collection for Louis Vuitton, a stunning fusion of Americana and Native American influences. Set against the Louis Vuitton … more

By THOMAS ADAMSON | 1/16/24

In this photo released by Xinhua News Agency, an aerial drone photo taken on Jan. 16, 2024, shows vehicles at a terminal of Dalian Port, northeast China's Liaoning Province. China's economy for the Oct-Dec quarter grew at a quicker rate, allowing the Chinese government to hit its annual growth target of about 5% for 2023 even as trade and economic recovery remained uneven. (Chen Wei/Xinhua via AP)

China's economy expanded 5.2% last year, hitting target of 'about 5%' even though recovery is uneven

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China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic … more

By ZEN SOO | 1/16/24

CEO of Barstool Sports announces she's leaving, saying 'the work I came here to do is done'

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Erika Ayers Badan is stepping down as the CEO of Barstool Sports. Badan said in a video posted to social media on Tuesday she feels like the work she went to the company to perform has been … more

1/16/24

Apple plans to remove sensor from some watch models depending on how a court rules in patent dispute

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Apple is prepared to remove the blood-oxygen sensor from its internet-connected watches if a court doesn’t give it more leeway while it pursues a bid to overturn a ruling that has blocked its use … more

By MICHAEL LIEDTKE | 1/16/24

FILE - Customers play the slots at Buffalo Thunder Resort and Casino in Oct. 2008, at the Pojoaque Pueblo, New Mexico. The New Mexico Supreme Court on Tuesday, Jan. 16, 2024, ruled that tribal courts have jurisdiction over personal injury and property damage cases brought against Native American casinos, ending a long battle that saw pueblos and other tribes advocate for protecting sovereignty when such legal claims arise. (Clyde Mueller/Santa Fe New Mexican via AP, File)

New Mexico Supreme Court rules tribal courts have jurisdiction over casino injury and damage cases

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The New Mexico Supreme Court says personal injury lawsuits brought against tribal casinos can no longer be heard by state courts. The decision issued Tuesday marks the end of a long battle for Native … more

By SUSAN MONTOYA BRYAN | 1/16/24

The Baltimore Sun front page is seen, Tuesday, Jan. 16, 2024, in Baltimore. David D. Smith, executive chairman of the Sinclair broadcasting chain and an active contributor to conservative causes, has bought Baltimore Sun Media from the investment firm Alden Global Capital. The purchase price was not disclosed. (AP Photo/Lea Skene)

The Baltimore Sun is returning to local ownership — with a buyer who has made his politics clear

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The return of a struggling newspaper from an investment firm to a local owner would normally be cause for celebration in the troubled news industry. But The Baltimore Sun’s newly announced owner … more

By DAVID BAUDER and LEA SKENE | 1/16/24