The Charlotte Hornets say the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalizedCHARLOTTE, N.C. -- A new era has begun for the Charlotte Hornets,...
The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job marketWASHINGTON -- The number of Americans seeking unemployment benefits rose slightly...
The actors and writers strike have resulted in most Hollywood film and television productions being shut down, from the “Gladiator” sequel to the live action “Lilo & Stitch."The actors and writers strikes have resulted...
Anheuser-Busch revealed losses in an earnings release one week after imposing layoffs.Anheuser-Busch InBev, the world's largest beer maker, suffered a steep decline in revenue and profit in the U.S. over three months ending in...
Saudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy pricesDUBAI, United Arab Emirates -- Saudi Arabia said Thursday it...
A freight ship carrying thousands of cars that burned for a week on the North Sea has been towed to a Dutch port for salvageEEMSHAVEN, Netherlands -- Tugboats towed a freight ship that burned for a week on the North Sea while carrying...
Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which has been hard-hit by the small nation’s three-year economic meltdownBEIRUT -- Banks from four Arab countries are interested...
Nintendo is reporting a 52% increase in profit for the first fiscal quarter following the success of its Super Mario movie and the new Zelda video gameTOKYO -- Nintendo reported a 52% increase in net profit for the first fiscal quarter...
Anheuser-Busch InBev has reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan MulvaneyAnheuser-Busch Inbev reported a drop in...
The Bank of England has raised its main interest rate to a fresh 15-year high as it tries to bring down persistently high inflationLONDON -- The Bank of England raised its main interest rate Thursday to a fresh 15-year high as it tries...
Adidas has brought in $437 million from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye WestFRANKFURT, Germany -- Adidas brought in 400 million euros ($437 million) from...
The largest newspaper group in Maine is becoming a nonprofit with the completion of the sale of more than 20 daily and weekly newspapers, including the Portland Press HeraldPORTLAND, Maine -- With advertising shrinking and newspapers...
Egypt and other lower-income Middle Eastern countries like Lebanon and Pakistan are worried about what comes next after Russia pulled out of a crucial wartime grain dealCAIRO -- Ahmed Salah grew anxious when he heard the news that...
China’s internet watchdog has laid out regulations to curb the amount of time children spend on their smartphones, in the latest blow to firms such as Tencent and ByteDance, which run social media platforms and online gamesBEIJING...
Asian stock markets are mixed after Fitch Ratings cut the U.S. government’s credit ratingBEIJING -- Asian stock markets were mixed Thursday after Fitch Ratings cut the United States government's credit rating.Tokyo's market...
Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023NEW YORK -- Falling crude oil prices and lingering worries about the global economy have been sapping...
Russian drones have hit a Ukrainian port city along the border with Romania, causing significant damage and a huge fire at facilities that are key to Ukrainian grain exportsKYIV, Ukraine -- Russian drones on Wednesday hit a Ukrainian...
Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthinessWASHINGTON -- Late Tuesday, Fitch Ratings became the...
The Minnesota Supreme Court has ruled that the state's Pollution Control Agency was wrong to issue permits for a long-contested copper-nickel mineUNDATED -- The Minnesota Supreme Court on Wednesday ruled that the state’s Pollution...
CVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance sideCVS Health topped second-quarter expectations, but the Health...
A vintage Apple computer signed by company co-founder Steve Wozniak is being sold at auctionBOSTON -- A vintage Apple computer signed by company co-founder Steve Wozniak is being sold at auction.The Apple-1 set in motion the company...
