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FILE - In this June 16, 2020 file photo, the sun is reflected on Apple's Fifth Avenue store in New York. Apple will reports earnings on Thursday May 2, 2024. (AP Photo/Mark Lennihan, File)
Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset. The results reflect a deepening a slump that’s increasing the pressure on the trendsetting company to … more
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FILE - The Sony Pictures Plaza building is seen, Dec. 19, 2014, in Culver City, Calif. Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. (AP Photo/Damian Dovarganes, File)
Sony Pictures and private equity firm Apollo express interest in buying Paramount for $26 billion
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion. That's according to a person familiar with the details. Sony would be the majority … more
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FILE - A sign highlighting the financing interest rate is displayed near the price sticker on an unsold 2023 vehicle at a Mercedes-Benz dealer on Nov. 30, 2023, in Loveland, Colo. The Federal Reserve’s decision Wednesday, May 1, 2024 to keep its benchmark rate at a two-decade high should have ripple effects across the economy. Mortgage rates, credit card rates, and auto loan rates will all likely maintain their highs, with consequences for consumer spending. (AP Photo/David Zalubowski, file)
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy. Mortgage rates, credit card rates, and auto loan rates will … more
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FILE - IRS Commissioner Daniel Werfel prepares to testify before a hearing, April 27, 2023, in Washington. The IRS said Thursday, May 2, 2024, it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers. And the agency is more closely examining the returns of larger numbers of wealthy people and major companies. The discriminatory audits, Werfel told reporters, “degrade trust in our tax system.” (AP Photo/Kevin Wolf, File)
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers. And the agency is more closely examining the returns of larger numbers of wealthy … more
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FILE - The TikTok logo is displayed on a mobile phone in front of a computer screen, Oct. 14, 2022, in Boston. Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election, according to a new study released Thursday, May 2, 2024, by the nonprofit Brookings Institution. (AP Photo/Michael Dwyer, File)
Russian state media is posting more on TikTok ahead of the U.S. presidential election, study says
A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the … more
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Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s … more
Average long-term US mortgage rate rises for again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing … more
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Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules
An administrative law judge has ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago. In a ruling issued Wednesday, the … more
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New York Mets owner Steve Cohen watches during the first half of an NBA basketball game between the New York Knicks and the Sacramento Kings on Thursday, April 4, 2024, in New York. (AP Photo/Frank Franklin II)
Final cost in for Mets' sorry 2023 season $420 million in payroll plus luxury tax
The final cost of the Mets’ sorry 2023 season has been totaled: $420 million. Major League Baseball finalized its payroll figures for last year, and New York finished at a record $319.5 million. In … more
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FILE - OpenAI's ChatGPT app is displayed on an iPhone in New York, May 18, 2023. The rate of businesses in the U.S. using AI is still relatively small but growing rapidly, with firms in information technology and professional services, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.S. Census Bureau researchers. (AP Photo/Richard Drew, File)
AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly. A new paper by U.S. Census Bureau researchers says overall use of AI by businesses in the U.S. rose from … more
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FILE - People arrive at the recently opened Google building in New York, Feb. 26, 2024. The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving memories of another epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company. (AP Photo/Seth Wenig, File)
Landmark Google antitrust case ready to conclude
Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the biggest antitrust case in a quarter century. In closing arguments of a trial that … more
FILE - The Transportation Security Administration's new facial recognition technology is seen at a Baltimore-Washington International Thurgood Marshall Airport security checkpoint, April 26, 2023, in Glen Burnie, Md. A bipartisan group of senators wants restrictions on the use of facial recognition technology by the TSA, saying they're concerned about travelers' privacy and civil liberties.(AP Photo/Julia Nikhinson, File)
Senators want limits on the government's use of facial recognition technology for airport screening
A bipartisan group of senators wants restrictions on the use of facial recognition technology by the Transportation Security Administration. The lawmakers say they're concerned about travelers’ … more
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FILE - This Nov. 19, 2019 file photo shows the logo on a Peloton bike in San Francisco. Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton Interactive Inc. said Thursday, May 2, 2024 that the job reductions amount to approximately 15% of its global headcount. (AP Photo/Jeff Chiu, File)
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its … more
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Number of Americans applying for jobless claims remains historically low
The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and … more
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FILE - People stand outside the Czech central bank in Prague, Czech Republic, on Nov. 2, 2023. On Thursday May 2, 2024, the Czech Republic's central bank cut its key interest rate for the fourth straight time amid falling inflation and signs of the economy's recovery. The cut by a half-percentage point brought the interest rate down to 5.25%. (AP Photo/Petr David Josek, File)
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery. The cut by a half-percentage point on … more
Lebanese caretaker Prime Minister Najib Mikati, center, welcomes Cyprus' President Nikos Christodoulides, left, and President of the European Commission Ursula von der Leyen at the government palace in Beirut, Lebanon, Thursday, May 2, 2024. (AP Photo/Hassan Ammar)
EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and … more
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FILE - Taylor Swift performs at the Monumental stadium during her Eras Tour concert in Buenos Aires, Argentina, Nov. 9, 2023. Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday, May 2, 2024, that they are "now working expeditiously to return music by artists represented by Universal Music Group and songwriters represented by Universal Music Publishing Group to TikTok in due course." (AP Photo/Natacha Pisarenko, File)
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement … more
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FILE - Japan's Prime Minister Fumio Kishida speaks during an interview with foreign media members ahead of an official visit to the United States at the Prime Minister's official residence on April 5, 2024, in Tokyo. Kishida unveiled an international framework for regulation and use of generative AI on Thursday May 2, 2024, adding to global efforts on governance for the rapidly advancing technology. (AP Photo/Eugene Hoshiko, File)
Japan's Kishida unveils a framework for global regulation of generative AI
Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI. It adds to global efforts on governance for the rapidly advancing technology. … more
Sex offender asks Norway's Supreme Court to declare social media access is a human right
A convicted sex offender is asking the Norwegian Supreme Court to declare social media access is a human right. The case before the court Thursday involves a man who molested a minor and used the … more
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One Tech Tip: How to repair an electric toothbrush
Toothbrushes used to be simple, powered only by your hand so they never broke down. Rechargeable electric toothbrushes are increasingly popular because they make brushing easier and more effective, … more
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