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News Articles: Business

U.S. Drug Enforcement Administration chief Anne Milgram speaks during a news conference in April. On Friday, the DEA announced it will strip one of the nation's largest drug distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious orders at the height of the opioid crisis.

Tagged as: 

  • National

DEA moves to revoke major drug distributor's license over opioid crisis failures

The agency says it will strip Morris & Dickson of its license to sell highly addictive painkillers after finding it failed to flag thousands of suspicious orders at the height of the opioid crisis.

May 26, 2023
|
By:
  • Brian Mann
A worker carries a Chinese national flag to put it with those of other participating countries at the opening session of the G-20 foreign ministers meeting in New Delhi on March 2.

Tagged as: 

  • World

Report: 20 of the world's richest economies, including the U.S., fuel forced labor

A report released by human rights organization Walk Free found that the number of people living in modern slavery, including forced marriage and human trafficking, has grown to 50 million since 2018.

May 26, 2023
|
By:
  • Ayana Archie
In this photo illustration, businessman and Twitter owner Elon Musk tweets about a Twitter Spaces event he will be hosting with Florida Gov. Ron DeSantis on May 24.

Tagged as: 

  • Technology

Ron DeSantis debuts presidential bid in a glitch-ridden Twitter 'disaster'

The glitched-filled announcement showcased just how fragile the social media's platform's infrastructure is since Elon Musk took the site over.

May 26, 2023
|
By:
  • Dara Kerr and
  • Bobby Allyn
Hertz has apologized and rewritten company policy after a Puerto Rican man was denied a rental car despite showing his valid U.S. driver's license.

Tagged as: 

  • Business

Yes, Puerto Rican licenses are valid in the U.S., Hertz reminds its employees

A Puerto Rican man was denied a car rental at a Hertz location at the New Orleans airport where employees apparently believed his driver's license was from outside the U.S. Hertz has since apologized.

May 26, 2023
|
By:
  • Becky Sullivan
Picketers pass near stage 5 at a studio entrance during a Writers Guild rally outside Warner Bros. Studios, on Wednesday, in Burbank, Calif.

Tagged as: 

  • Television

Max streaming service says it will restore writer and director credits after outcry

Warner Bros. Discovery's new streaming platform lopped off the individual credits for writers, directors and producers. After TV and film unions condemned the move, the streaming giant apologized.

May 25, 2023
|
By:
  • Emma Bowman
Cole Lyle (left), a Marine Corps veteran and executive director of the veterans advocacy group Mission Roll Call, says a U.S. default would have devastating consequences for former military members who stand to see their benefits suspended.

Tagged as: 

  • Economy

These are some of the people who'll be impacted if the U.S. defaults on its debts

Unless Congress acts to raise the federal debt limit, the U.S. government could run short of cash to pay its bills as early as June 1. Seniors, veterans, government workers and others would suffer.

May 25, 2023
|
By:
  • Scott Horsley
The space plane "Unity" travelled 54 miles above Earth, providing a great view and a few minutes of weightlessness.

Tagged as: 

  • Space

Virgin Galactic sends astronauts briefly into space

The space plane provided great views and a few minutes of weightlessness. Virgin Galactic says it hopes to begin regular flights in June.

May 25, 2023
|
By:
  • Geoff Brumfiel
People walk past a store in Berlin on Oct. 11, 2022. The German economy shrank unexpectedly in the first three months of this year.

Tagged as: 

  • Europe

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

May 25, 2023
|
By:
  • The Associated Press
House Speaker Kevin McCarthy speaks to members of the media at the U.S. Capitol in Washington, D.C., on May 24, 2023. The U.S. government will soon run out of cash to pay its bills unless it can raise or suspend its debt ceiling.

Tagged as: 

  • Politics

5 things people get wrong about the debt ceiling saga

Did spending by President Biden and the Democrats rack up the country's debt? Is a default the same as a government shutdown? Here are answers to things people often get wrong about the debt ceiling.

May 25, 2023
|
By:
  • Scott Horsley
Office of Management and Budget Director Shalanda Young speaks to reporters at the White House on March 10.

Tagged as: 

  • Politics

Biden is counting on Shalanda Young to cut a spending deal Republicans can live with

Biden is leaning on Young's experience negotiating on Capitol Hill to help him find a way to cut through the raw politics of Washington and find an agreement to lift the debt ceiling.

May 25, 2023
|
By:
  • Franco Ordoñez
President Biden meets with House Speaker Kevin McCarthy, R-Calif., in the Oval Office of the White House on Monday. The U.S. can seem like the country that cried debt ceiling, but many say this year, the country might actually default. What happens to the economy and to regular people if it defaults?

Tagged as: 

  • Economy

So would a U.S. default really be that bad? Yes — And here's why

As the debt ceiling debate comes down to the wire, here is a look at some of the potential consequences if the U.S. defaults on its debt for the first time in history.

May 25, 2023
|
By:
  • Stacey Vanek Smith
Preschool teacher Jaqueline Benitez depends on California's Supplemental Nutrition Assistance Program (SNAP) to help pay for food. If the debt ceiling isn't raised, SNAP and other federal payments would be delayed. (AP Photo/Allison Dinner)

Tagged as: 

  • Business

3 ways to protect your money if the U.S. defaults on its debt

From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.

May 25, 2023
|
By:
  • Arezou Rezvani
Hamburger Mary's in Orlando, which has held drag performances since 2008, is suing to block the implementation of a new Florida law that targets drag shows.

Tagged as: 

  • National

An Orlando drag show restaurant files lawsuit against Florida and Gov. Ron DeSantis

Hamburger Mary's in Orlando, which has held drag performances since 2008, is asking the court to block the implementation of the state's new law, which the governor signed last week.

May 25, 2023
|
By:
  • Jonathan Franklin
A customer walks into a Target store on Feb. 28 in San Rafael, Calif.

Tagged as: 

  • Business

Target removes some Pride Month products after threats against employees

The retail giant said the threats were "impacting our team members' sense of safety and well-being" on the job. It's the latest company to face a backlash over support for LGBTQ+ people.

May 24, 2023
|
By:
  • Joe Hernandez
Travelers line up to check in for United Airlines flights at San Francisco International Airport on July 1, 2022 in San Francisco, Calif. This summer is expected to be a record for air travel.

Tagged as: 

  • National

A record number of Americans may fly this summer. Here's everything you need to know

Memorial Day weekend kicks off the busy summer air travel season and this may be the busiest ever. But some worry it could be another summer of delays and cancellations after a "pretty rocky" 2022.

May 24, 2023
|
By:
  • David Schaper
  • Load More

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