Sri Lanka PM stresses urgency for economic reform plan
By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says that he will quickly prepare an economic reform…
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Crucial summer for Atlantic City starts with new investments
By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — This summer is a crucial one for Atlantic City as it tries to recover lost business…
Continue Reading More Memorial Day travel expected, despite high gas prices
By STEFANIE DAZIO, CHRISTOPHER WEBER and TERRY TANG Associated Press LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with…
Continue Reading Iraqi lawmakers pass bill criminalizing any ties with Israel
BAGHDAD (AP) — Iraqi lawmakers have passed a bill criminalizing any normalization of ties and any relations, including business ties, with Israel.…
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El Paso businessman arrested on deceptive business practice charge
EL PASO, Texas — An El Paso businessman, who was the subject of a months-long ABC-7 investigation, was arrested on a deceptive business practice…
Continue Reading Iranian oil tanker’s cargo seized in Greece after US request
By NICHOLAS PAPHITIS Associated Press ATHENS, Greece (AP) — A Greek official says the crude oil cargo of an Iranian-flagged tanker that was stopped…
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Justin Timberlake sells his entire music catalog
By Jennifer Korn, CNN Business Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent…
Continue Reading West mulls having Russian oligarchs buy way out of sanctions
By ROB GILLIES and FRANK JORDANS Associated Press BERLIN (AP) — Government officials say Western allies are considering whether to allow Russian…
Continue Reading Average long-term mortgage rates fall; 30-year loan at 5.1%
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the second week in a row, though interest rates on the key 30-year home…
Continue Reading The West united against Russia. Will its nerve hold as prices soar?
By Julia Horowitz, CNN Business When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos,…
Continue Reading ‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy
By Matt Egan, CNN Business Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of…
Continue Reading Worry about stagflation, a flashback to ’70s, begins to grow
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it…
Continue Reading Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart
By Nathaniel Meyersohn, CNN Business Decades-high inflation is leading to a split in American consumers’ behavior. Affluent shoppers are…
Continue Reading Trump loses appeal, must testify in New York civil probe
By MICHAEL R. SISAK Associated Press NEW YORK (AP) — Former President Donald Trump must answer questions under oath in the New York attorney…
Continue Reading Russia could cut off Denmark and the Netherlands’ natural gas
CNN, KREMLIN, WORLD FOOD PROGAM, US BUREAU FOR ECONOMIC ANALYSIS, KIRILLOVKA.UKR, WEF By Anna Cooban, CNN Business Denmark and the Netherlands could…
Continue Reading Sri Lankan leader seeks world’s help during financial crisis
By HARUKA NUGA Associated Press TOKYO (AP) — Sri Lankan President Gotabaya Rajapaksa has asked for urgent international help as his country suffers…
Continue Reading Chinese consumers are stuck at home but still spending a ton, Alibaba says
By Paul R. La Monica, CNN Business China’s economy has slumped as Covid cases surged in the world’s most populous country. But Chinese…
Continue Reading Thai leader: Asia is gaining strategic, economic importance
TOKYO (AP) — Thai Prime Minister Prayuth Chan-ocha says a new U.S.-backed economic pact is further proof of how important and relevant Asia is…
Continue Reading Mortgage rates fall slightly, but offer little relief to buyers
By Anna Bahney, CNN Business Mortgage rates fell for a second consecutive week, but still remain above 5%. The 30-year, fixed-rate mortgage averaged…
Continue Reading Macy’s raises annual profit outlook on strong Q1 results
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shoppers’ return to occasion dressing helped to power Macy’s fiscal first-quarter…
Continue Reading Explosion at Spanish plant leaves 2 dead; 250 kids evacuated
MADRID (AP) — Police in Spain say an explosion at a biodiesel plant has left two people dead and forced 250 children to be evacuated from the area.…
Continue Reading Alibaba reports slowest growth yet amid COVID-19 outbreaks
By ZEN SOO Associated Press HONG KONG (AP) — Alibaba Group Holding on Thursday reported a single-digit increase in its fourth-quarter revenue, its…
Continue Reading Doctors, hospitals in crisis-hit Lebanon go on 2-day strike
BEIRUT (AP) — Dozens of doctors, nurses and medical personnel have rallied outside the Central Bank in the Lebanese capital of Beirut after…
Continue Reading Japan to resume tourism in June; only packaged tour for now
By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan will open its borders to foreign tourists in June for the first time since imposing tight…
Continue Reading Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
PARAMOUNT PICTURES By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the…
Continue Reading ‘Top Gun: Maverick’ jets to new box office record
CNN, CNN BUSINESS By Frank Pallotta, CNN Business “Top Gun: Maverick” took off at the box office this weekend — setting a new record in…
Continue Reading Val Kilmer was once one of Hollywood’s biggest stars. ‘Top Gun: Maverick’ could be his last role
By Frank Pallotta, CNN Business “Top Gun: Maverick” hits theaters this weekend, marking the return of one of the biggest movie stars of…
Continue Reading Which Tom Cruise film has made the most at the ticket booth?
By Frank Pallotta, CNN Business Tom Cruise is one of the most popular movie stars in Hollywood history. The actor has had a 40 year career of hits…
Continue Reading US economy shrank by 1.5% in Q1 but consumers kept spending
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and…
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