Los Angeles Times announces 74 job cuts
The Los Angeles Times informed its newsroom Wednesday that it would lay off about 13% of the paper’s journalists, the latest in a string of blows to major American news…
Business
Ukraine’s dam collapse rises wheat, corn prices
The collapse of Kakhovka dam and hydroelectric power station in southern Ukraine sent global prices of wheat and corn higher. Wheat prices gained 2.4% in early trading Tuesday at the…
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Wall Street slips as mixed data fuels Fed policy
Wall Street’s main indexes slipped on Tuesday as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data…
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World Bank offers dim outlook for global econ.
The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. Speaking…
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Binance Co. mishandled funds, violated laws
U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin…
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Wall Street: Crude prices rise after OPEC+ cuts
World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting…
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Apple poises to unveil a sleek, pricey headset
Apple’s (AAPL) Worldwide Developers Conference (WWDC) kicks off at 1 p.m. ET on June 5, and if the rumors are to be believed, it could be one of the biggest…
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Chase says online banking issue now resolved
Financial giant Chase Bank tweeted Friday some of its customers are seeing duplicate fees and transactions on their checking accounts, though the source of the glitch has not yet been…
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Journalists to strike June 5 at US Gannett chain
The biggest newspaper chain in the country is about to be rocked by the biggest walkout of its staff in history. On Monday, hundreds of Gannett journalists plan to stage…
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Twitter safety Exec resigns after Musk criticism
Ella Irwin, Twitter’s head of trust and safety, announced her resignation in a pair of tweets. She did not say in the message why she was leaving, but her departure…
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Money in Venmo, PayPal could be vulnerable
Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the Consumer…
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