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News Articles: Business

A file image from 2013 provided by the Florida Department of Law Enforcement shows financier Jeffrey Epstein.

Tagged as: 

  • Law

Epstein's sex trafficking was aided by JPMorgan, a U.S. Virgin Islands lawsuit says

The U.S.V.I. says JPMorgan Chase didn't report Jeffrey Epstein's suspicious financial activities and provided him banking services after his 2008 conviction for soliciting a minor.

December 30, 2022
|
By:
  • Scott Neuman
Arata Isozaki arrives at the Élysée Palace in Paris on May 24, 2019. The Pritzker-winning Japanese architect has died at 91.

Tagged as: 

  • Obituaries

Pritzker-winning architect Arata Isozaki dies at 91

The Japanese architect was known as a post-modern giant who blended culture and history of the East and the West in his designs. He won the Pritzker Prize, the highest honor in the field, in 2019.

December 30, 2022
|
By:
  • The Associated Press
The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge's Speed Week at M1 Concourse on Aug. 17 in Michigan. As the popularity of EVs explodes, U.S. battery production is rapidly growing.

Tagged as: 

  • Business

2022 was a big year for EV battery plants in the U.S. How big? $73 billion big

As the auto industry goes electric, there have been so many massive battery projects announced that it can be hard to keep track of them all. So we added them up for you.

December 30, 2022
|
By:
  • Camila Domonoske
Chris Alexander, executive director of the New York State Office of Cannabis Management, shows off the first purchase of cannabis gummies bought at Housing Works — New York's first legal cannabis dispensary, during a press conference to kick-off its opening on Thursday.

Tagged as: 

  • National

New York opens its first legal recreational marijuana dispensary

The first legal dispensary for recreational marijuana in New York rung up its first sales on Thursday, opening up what is expected to be one of the country's most lucrative markets for cannabis.

December 30, 2022
|
By:
  • The Associated Press
Southwest Airlines has canceled more than 15,000 flights in the last week and has lost thousands of bags.

Tagged as: 

  • Business

Southwest Airlines' #epicfail takes social media by storm

Thousands of cancellations, lost bags and endless lines have angry customers taking to social media to voice their discontent.

December 29, 2022
|
By:
  • Stacey Vanek Smith
A woman walks through unclaimed bags at Southwest Airlines baggage claim at Salt Lake City International Airport on Thursday, as the carrier canceled another 2,350 flights after a winter storm overwhelmed its operations days ago.

Tagged as: 

  • National

Southwest plans on near-normal operations Friday after widespread cancellations

Ahead of the New Year's weekend, the airline said that Friday will see minimal disruptions after its slashed schedule stranded hundreds of thousands of travelers during a wintry holiday stretch.

December 29, 2022
|
By:
  • Emma Bowman and
  • Jennifer Ludden
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his first court appearance in New York. Federal prosecutors have charged him with criminal fraud.

Tagged as: 

  • Business

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

December 29, 2022
|
By:
  • David Gura
The end-of-year federal spending bill contains major changes to retirement savings in the U.S.

Tagged as: 

  • Business

Big changes to retirement savings in new federal spending bill

From emergency savings accounts to assistance for student loan borrowers, the new federal spending bill aims to make it easier to save for retirement.

December 29, 2022
|
By:
  • Arezou Rezvani
Barges were stranded by low water levels along the Mississippi River in October, driving up shipping prices and threatening crop exports and fertilizer shipments. Scientists at the University of Memphis expect more dramatic swings in water levels on the river due to climate change.

Tagged as: 

  • Climate

Republicans plan more attacks on ESG. Investors still plan to focus on climate risk

Investors still view climate change as a serious financial risk. But Republican attacks could have a chilling effect on the kinds of actions they're willing to take to deal with the problem.

December 29, 2022
|
By:
  • Michael Copley
Federal prosecutors say the drug wholesaler AmerisourceBergen Corp. failed to report suspicious orders for opioids. The company says the government "cherry picked" possible violations.

Tagged as: 

  • Law

Feds sue AmerisourceBergen over 'hundreds of thousands' of alleged opioid violations

DOJ officials say the drug wholesaler could face "billions of dollars" in penalties for failing to report diversion of prescription opioid pain medications shipped to pharmacies across the U.S.

December 29, 2022
|
By:
  • Brian Mann
Gerhardt Boukes, chief scientist at Afrigen Biologics and Vaccines, formulates mRNA for use in a new vaccine against COVID-19. The company — based in Cape Town, South Africa — is the linchpin of a global project to enable low- and middle-income countries to make mRNA vaccines against all manner of diseases.

Tagged as: 

  • Global Health

How a scrappy African startup could forever change the world of vaccines

Afrigen is the linchpin of global project to use mRNA technology to empower low-resource countries to make their own vaccines against killer diseases from TB to HIV. What will it take to succeed?

December 29, 2022
|
By:
  • Nurith Aizenman
The factory produces leather handbags for French luxury brands.

Tagged as: 

  • World

At a French factory, the newest employees come from Ukraine

A luxury leather goods manufacturer in the Burgundy region has hired two dozen Ukrainians since the war began. The CEO says it's partly because he can't find enough French workers to fill the jobs.

December 29, 2022
|
By:
  • Eleanor Beardsley
Airline staff search through unclaimed luggage at the William P. Hobby Airport on Wednesday in Houston.

Tagged as: 

  • National

Unclaimed luggage piles up at airports following Southwest cancellations

After Southwest Airlines canceled thousands of flights over the week, travelers are scrambling to reunite with their luggage.

December 29, 2022
|
By:
  • Giulia Heyward
The new short-term rental registration law will require Airbnb hosts register their rental homes with New York City's database.

Tagged as: 

  • National

NYC could lose 10,000 Airbnb listings because of new short-term rental regulations

The new short-term rental registration law, which will go into effect next month, could take thousands of Airbnb listings off the market.

December 28, 2022
|
By:
  • Giulia Heyward
The logo for the cryptocurrency Dogecoin, pictured here in a 2021 screenshot, is one of countless places where an image of the dog Kabosu appears. Her owner says the Shiba Inu is sick with cancer.

Tagged as: 

  • Pop Culture

The Shiba Inu behind the famous 'doge' meme is sick with cancer, its owner says

The 17-year-old pooch, Kabosu, reached global recognition after social media users turned her face into a viral meme and cryptocurrency branding. Her owner says she's in a "very dangerous condition."

December 28, 2022
|
By:
  • Emily Olson
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