LONDON (AP) — Facebook parent Meta's quasi-independent oversight board said Tuesday that an internal system that exempted high-profile users, including former U.S. President Donald Trump, from some or all of its content moderation rules needs a major overhaul.
A former Theranos executive learns Wednesday whether he will be punished as severely as his former lover and business partner for peddling the company's bogus blood-testing technology that duped investors and endangered patients.
NEW YORK (AP) — Robinhood, the company that blazed onto Wall Street after turning millions of novices into investors by making trading fun, is now setting its sights on a more staid corner of the industry: saving for retirement.
MILAN (AP) — The Prada fashion house began charting a line of succession on its business side, announcing Tuesday that it is tapping a former LVMH executive as its next CEO and confirming that Miuccia Prada will continue in her creative roles.
NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Tuesday as markets ponder the Federal Reserve’s next moves on fighting inflation.
The S&P 500 fell 1.1% as of 12:05 p.m. Eastern.
FRANKFURT, Germany (AP) — Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
NEW YORK (AP) — Jurors in the Trump Organization’s criminal tax fraud deliberated for a second day Tuesday, weighing charges that former President Donald Trump’s company helped executives dodge personal income taxes on perks such as Manhattan apartments and luxury cars.
PORTLAND, Ore. (AP) — Tuesday marks the first-ever U.S. auction of leases to develop commercial-scale floating wind farms, in the deep waters off the West Coast.
The live, online auction for the five leases — three off California’s central coast and two off its northern coast — has attracted strong interest and 43 companies from around the world are approved to bid.
BOSTON (AP) — Amid warnings that biodiversity is in freefall, environmental leaders will gather in Montreal to hammer out measures aimed at shoring up the world's land and marine ecosystems and coming up with tens of billions of dollars to fund these conservation efforts.
TOKYO (AP) — A newly founded Japanese semiconductor company aiming to revive Japan’s chip industry signed an agreement on Tuesday to collaborate with a Belgian research organization in developing next-generation chips for production in Japan.
MADISON, Wis. (AP) — Wisconsin's Republican representatives in Congress on Tuesday called on Democratic Gov. Tony Evers to delete the video platform TikTok from all state government devices, calling it a national security threat.
BRUSSELS (AP) — A rift between the European Union and recalcitrant member Hungary deepened Tuesday when Budapest vetoed an 18 billion euro ($18.93 billion) financial aid package to Kyiv, leaving the other 26 nations to scramble to keep the money supply going.
DETROIT (AP) — U.S. safety regulators are investigating complaints that the engines on some small Jeeps can shut down while being driven.
The probe by the National Highway Traffic Safety Administration covers about 229,000 Jeep Compass SUVs from the 2019 and 2020 model years.
WARSAW, Poland (AP) — Poland’s prime minister on Tuesday backed down from his initial declaration to award bonuses to the national soccer team for it World Cup performance amid high inflation and hardship in the country.
BEIRUT (AP) — Commercial brakes produced by a Dutch company to be used in ambulances in Turkey instead ended up in missiles used by Turkey in attacks in northeastern Syria, a report released Tuesday said.
DES MOINES, Iowa (AP) — The federal government has illegally broken a promise to pay off the debts of a group of Black farmers, according to a class-action lawsuit. The group hopes to put pressure on officials to keep their word and to restore funding that was dropped after a group of white farmers filed legal challenges arguing their exclusion was a violation of their constitutional rights.
WASHINGTON (AP) — President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority.
At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable.
As more nurses leave their jobs in hospitals and health-care centers, foundations are pouring millions of dollars into efforts to ensure that more stay in the profession and get more out of the job than just the applause and pats on the back they got during the bleakest days of the pandemic.
VATICAN CITY (AP) — Pope Francis on Tuesday tightened control and oversight over Vatican-based foundations and associations in his latest effort to impose international standards of accounting and governance on Vatican offices and affiliated entities.
TALLINN, Estonia (AP) — Latvia has revoked the license of an independent Russian TV channel exiled in the Baltic country for, among other things, voicing support for the Russian military and including Crimea in its map of Russia, media authorities said on Tuesday.
HOUSTON (AP) _ Integrated Electrical Services Inc. (IESC) on Tuesday reported fiscal fourth-quarter net income of $16.2 million.
On a per-share basis, the Houston-based company said it had profit of 72 cents.
SPRINGFIELD, N.J. (AP) _ Village Super Market Inc. (VLGEA) on Tuesday reported earnings of $11.1 million in its fiscal first quarter.
The Springfield, New Jersey-based company said it had profit of 76 cents per share.
GDYNIA, Poland (AP) — Polish President Andrzej Duda and the country's defense minister on Tuesday took delivery of a first shipment of tanks and howitzers from South Korea, hailing the swift implementation of a deal signed in the summer in the face of the war in neighboring Ukraine.
BASKING RIDGE, N.J. (AP) _ Barnes & Noble Education Inc. (BNED) on Tuesday reported fiscal second-quarter net income of $22.1 million.
On a per-share basis, the Basking Ridge, New Jersey-based company said it had profit of 42 cents.
MEMPHIS, Tenn. (AP) _ AutoZone Inc. (AZO) on Tuesday reported fiscal first-quarter net income of $539.3 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $27.45.
HAMILTON, Bermuda (AP) _ Signet Jewelers Ltd. (SIG) on Tuesday reported earnings of $37.5 million in its fiscal third quarter.
The Hamilton, Bermuda-based company said it had profit of 60 cents per share.
QUINCY, Mass. (AP) _ J.Jill Inc. (JILL) on Tuesday reported fiscal third-quarter profit of $8.9 million.
The Quincy, Massachusetts-based company said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 77 cents per share.
MIDDLETOWN, R.I. (AP) _ KVH Industries Inc. (KVHI) on Tuesday reported third-quarter profit of $29.6 million.
The Middletown, Rhode Island-based company said it had profit of $1.58 per share. Earnings, adjusted for one-time gains and costs, were 6 cents per share.
THE WOODLANDS, Texas (AP) _ Conn's Inc. (CONN) on Tuesday reported a fiscal third-quarter loss of $24.8 million, after reporting a profit in the same period a year earlier.
The The Woodlands, Texas-based company said it had a loss of $1.04 per share.
BEIJING (AP) — China’s leaders eulogized the late Jiang Zemin on Tuesday as a loyal Marxist-Leninist who oversaw their country’s rapid economic rise while maintaining rigid Communist Party control over society.
WELLINGTON, New Zealand (AP) — Australia's central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it continues trying to wrestle down inflation.
The increase was the bank's eighth in a row and took the rate to its highest level in 10 years.
BANGKOK (AP) — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation.
OMAHA, Neb. (AP) — Major freight railroads are facing pressure to add sick days for their workers from a new front: An influential investment group says some of its members are now pushing the measure that Congress declined to as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike.
WASHINGTON (AP) — The Supreme Court 's conservative majority sounded sympathetic Monday to a Christian graphic artist who objects to designing wedding websites for gay couples, the latest collision of religion and gay rights to land at the high court.
LAS VEGAS (AP) — The World Cup may be the globe's biggest sporting event, yet in the United States in the fall, it competes with a full sports betting calendar.
Las Vegas sportsbook directors weren't overly optimistic the betting would be higher than the 2018 World Cup, which was played in the more usual summer months in Russia.
SACRAMENTO, Calif. (AP) — California could become the first state to fine big oil companies for making too much money, a reaction to the industry's supersized profits following a summer of record-high gas prices in the nation's most populous state.
FRANKFORT, Ky. (AP) — Fresh off an event trumpeting Kentucky's largest-ever economic development project, Democratic Gov.
ALBUQUERQUE, N.M. (AP) — New Mexico’s largest electric provider is seeking its first rate hike in years as it looks to recoup $2.6 billion in investments that executives say are needed to modernize the grid and meet state mandates for transitioning away from coal and natural gas.
CARTHAGE, N.C. (AP) — Tens of thousands of people braced Monday for days without electricity in a North Carolina county where authorities say two power substations were shot up by one or more people with apparent criminal intent.
NEW YORK (AP) — It’s one ballot former President Donald Trump would rather not be associated with: the verdict sheet at his company’s criminal tax fraud trial.
Deliberations are set to spill into a second day Tuesday as jurors weigh charges that the Trump Organization helped executives dodge personal income taxes on perks such as Manhattan apartments and luxury cars.
NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Monday reported fiscal first-quarter net income of $11 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Newark, New Jersey-based company said it had profit of 43 cents.
ST. PAUL, Minn. (AP) — The Minnesota Board of Pharmacy on Monday sued a Moorhead-based manufacturer of THC-laced gummies, saying the company's candies contain far stronger doses of the chemical that gives marijuana its high than state law allows.
Russian oil price cap, EU ban aim to limit Kremlin war chest
FRANKFURT, Germany (AP) — Major Western measures to limit Russia’s oil profits over the war in Ukraine have taken effect.
DOHA, Qatar (AP) — The World Cup stadium was designed to leave a minimal footprint in the Qatari sand. It's now due to be dismantled.
Stadium 974 played host to seven matches, the last of which was Brazil's 4-1 win over South Korea in the round of 16 on Monday.
HOUSTON (AP) _ Powell Industries Inc. (POWL) on Monday reported net income of $8.7 million in its fiscal fourth quarter.
The Houston-based company said it had profit of 73 cents per share.
The energy equipment company posted revenue of $162.7 million in the period.
Stocks closed lower on Wall Street and Treasury yields rose after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Tesla Inc., down $12.41 to $182.45.
The electric vehicle maker is reportedly planning to cut production in China.
Ford Motor Co. and a South Korean partner company showed off their progress Monday in developing a massive battery production venture in Kentucky, where they have laid the groundwork for one of the “big bets” the automaker is making in its electric vehicle business.