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1 hour ago

Unilever is cutting 7,500 jobs and spinning off its ice cream business

Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits
1 hour ago
FILE - A Unilever logo is displayed outside the head office of PT Unilever Indonesia Tbk. in Tangerang, Indonesia, Tuesday, Nov. 16, 2021. Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. (AP Photo/Tatan Syuflana, File)
2 hours ago

Bill and Lisa Ford to raise $10M for Detroit youth nonprofit endowments

Bill Ford, executive chairman of Ford Motor Co., and his wife Lisa Ford are raising $10 million to help ten Detroit nonprofits serving young people start endowments
2 hours ago
The Michigan Central Station is seen Monday, March 18, 2024, in Detroit. Bill Ford, executive chair of Ford Motor Co., and his wife Lisa Ford are raising $10 million to help ten Detroit nonprofit organizations that serve young people start endowments. Lisa Ford said the campaign comes alongside Ford's investment in the refurbishment of the long abandoned train station. (AP Photo/Carlos Osorio)
2 hours ago

China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman

Troubled property developer China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations
2 hours ago
FILE - A man walks past a depiction of Evergrande properties across a China map at a partially shuttered Evergrande commercial complex in Beijing, on Jan. 29, 2024. Troubled property developer China Evergrande Holding says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations. (AP Photo/Ng Han Guan, File)
3 hours ago

The average bonus on Wall Street last year was $176,500, down slightly from 2022

The average Wall Street bonus fell slightly last year to $176,500
3 hours ago
FILE — People pass the front of the New York Stock Exchange, March 22, 2023. The average Wall Street bonus fell slightly last year to $176,500 as firms took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday, March 19, 2024. (AP Photo/Peter Morgan, File)
3 hours ago

Sex trade to slavery: A UN agency says criminals reap $236B a year in profits from forced labor

The U.N. labor agency says illegal profits from forced labor globally have risen to the “obscene” amount of $236 billion per year
3 hours ago
March 19

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

World shares are mixed after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy
March 19
FILE - A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo. Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy.(AP Photo/Eugene Hoshiko, File)
March 19

4 things to know from Elon Musk's interview with Don Lemon

Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk's X social network Monday
March 19
FILE - Don Lemon attends the 15th annual CNN Heroes All-Star Tribute at the American Museum of Natural History, Sunday, Dec. 12, 2021, in New York. Former CNN reporter Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk's X social network Monday, March 18, 2024. (Photo by Evan Agostini/Invision/AP, File)
March 19

Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth

Every year since 2021, Spotify has published its “Loud & Clear” report, an attempt to be more transparent about its payments
March 19
FILE - The Spotify app is displayed on an iPad in Baltimore, March 20, 2018. Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global consensus on the issue may be starting to crack. (AP Photo/Patrick Semansky, File)
March 18

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

Japan's central bank has raised its benchmark interest rate for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy
March 18
FILE - Commuters walk in a passageway during a rush hour at Shinagawa Station Wednesday, Feb. 14, 2024, in Tokyo. Japan’s central bank raised its benchmark interest rate Tuesday, March 19, 2024, for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. (AP Photo/Eugene Hoshiko, File)
March 18

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
March 18
March 18

UnitedHealth says it has made progress on recovering from a massive cyberattack

UnitedHealth Group is testing software for submitting medical claims as it continues to recover from a cyberattack that disrupted care billing systems
March 18
FILE - Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New York. UnitedHealth Group said it is testing software for submitting medical claims as it recovers from a cyberattack that disrupted billing systems across the country. The health care giant hasn’t set a time frame for when it expects to complete the recovery from the attack last month on its Change Healthcare business, but a spokesman said Monday, March 18, that medical claims software is the last major system the company must restore. (AP Photo/Patrick Sison, File)
March 18

How major US stock indexes fared Monday, 3/18/2024

Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next
March 18
March 18

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for April delivery rose $1.68 to $82.72 per barrel Monday
March 18
March 18

Too much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summer

There's a little too much Atlantic in Atlantic City this year for some casinos
March 18
Only a narrow strip of sand sits between the ocean waves and the dunes in front of the Ocean Casino Resort in Atlantic City N.J. on March 13, 2024. The Ocean, Resorts and Hard Rock casinos want the federal government to accelerate a beach replenishment project so that they have usable beaches this summer, but the U.S. Army Corps of Engineers says it could be fall before the work begins. (AP Photo/Wayne Parry)
March 18

Sports Illustrated will continue operations after agreement reached with new publisher

Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products
March 18
FILE - The Sports Museum curator Richard Johnson, right, stands near an exhibit that displays cover photos from the sports magazine Sports Illustrated in the museum at the TD Garden, in Boston, Dec. 17, 2015. Sports Illustrated will continue operations after the company that owns the brand reached an agreement with a new publisher for its print and digital products, Monday, March 18, 2024. (AP Photo/Steven Senne, File)
March 18

United Airlines CEO announces safety review following string of incidents

In a letter to customers, CEO Scott Kirby said "safety is our highest priority" after a number of high-profile incidents at the airline.
March 18
VIDEO: United Airlines CEO announces safety review following string of incidents
March 18

New York to probe sputtering legal marijuana program as storefronts lag, black market booms

New York will evaluate its troubled recreational marijuana licensing program as lawsuits and bureaucratic stumbles have severely hampered the legal market and black-market sellers have flourished
March 18
FILE - Marijuana plants are seen at a growing facility in Washington County, N.Y., May 12, 2023. New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Gov. Kathy Hochul ordered Monday, March 18, 2024. (AP Photo/Hans Pennink, File)
March 18

Millennial Money: Navigating the SSI ‘marriage penalty’

For people who rely on Supplemental Security Income, or SSI, getting married can result in reduced monthly benefits and a lower amount allowed for savings
March 18
March 18

$510 Dodgers jerseys and $150 caps. Behold the price of being an Ohtani fan in Japan

The Dodgers are paying $700 million for Shohei Ohtani
March 18
Customers shop for goods related to Shohei Ohtani of the Los Angeles Dodgers at SELECTION, a sporting goods store in Shinjuku district of Tokyo, Thursday, Feb. 29, 2024. (AP Photo/Hiro Komae)
March 18

Alphabet, Tesla rise; Hertz, Logitech fall, Monday, 3/18/2024

Stocks that traded heavily or had substantial price changes on Monday: Alphabet, Tesla rise; Hertz, Logitech fall
March 18
March 18

EPA bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted

The Environmental Protection Agency has announced a comprehensive ban on asbestos, a deadly carcinogen still used in some chlorine bleach, brake pads and other products
March 18
FILE - Asbestos Removal Technologies Inc. staff work on asbestos abatement in Howell, Mich., Oct. 18, 2017. The Environmental Protection Agency on Monday, March 18, 2024, announced a comprehensive ban on asbestos, a carcinogen that kills tens of thousands of Americans every year but is still used in some chlorine bleach, brake pads and other products. (AP Photo/Paul Sancya, File)
March 18

EPA comprehensively bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted

EPA comprehensively bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted
March 18
March 18

Nottingham Forest docked 4 points for overspending and drops into EPL relegation zone

Nottingham Forest has been deducted four points for overspending
March 18
Nottingham Forest's Moussa Niakhate holds the ball after scoring his side's opening goal during the English Premier League soccer match between Aston Villa and Nottingham Forest at the Villa Park stadium in Birmingham, England, Saturday, Feb. 24, 2024. (AP Photo/Rui Vieira)
March 18

Crafts retailer Joann files for Chapter 11 bankruptcy protection

Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies
March 18
FILE - People walk into and out of a Joann store, Sept. 6, 2007, in Garfield Heights, Ohio. The fabric and crafts retailer has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending. In a Monday, March 18, 2024 release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. (AP Photo/Tony Dejak, file)
March 18

Workers at Tennessee Volkswagen factory ask for vote on representation by United Auto Workers union

Workers at a Tennessee factory ask for vote on representation by the UAW.
March 18
March 18

United CEO tries to reassure customers that airline is safe despite recent incidents

The CEO of United Airlines is trying to reassure travelers that the airline is safe despite a series of recent incidents ranging from a panel falling off a plane to an engine fire
March 18
FILE - Scott Kirby, CEO of United Airlines, during a Senate Commerce, Science, and Transportation oversight hearing, Wednesday, Dec. 15, 2021, on Capitol Hill in Washington. The CEO of United Airlines says that a slew of recent incidents ranging from a panel that fell off a plane to another jet losing a wheel on takeoff will cause the airline to review its safety training for employees. In a memo to customers on Monday, March 18, 2024, Kirby tried to reassure travelers that safety is the airline's top priority.(Tom Brenner/The Washington Post via AP, File, Pool)
March 18

South Korea will suspend licenses of 2 senior doctors in first punishment for doctors' walkouts

South Korean authorities will suspend the licenses of two senior doctors for allegedly inciting the weekslong walkouts by medical interns and residents that have disrupted hospital operations
March 18
FILE - Doctors stage a rally against the government's medical policy in Seoul, South Korea, on March 3, 2024. South Korean authorities have suspended the licenses of two senior doctors for allegedly inciting the weekslong walkouts by medical interns and residents that disrupted hospital operations across the country. That's according to one of the doctors who spoke to The Associated Press. The suspensions are the government’s first punitive step against physicians after thousands of doctors-in-training walked off the job last month to protest the government’s plan to sharply increase medical school admissions. (AP Photo/Ahn Young-joon, File)
March 18

Insider Q&A: CEO of fast-growing First Watch keeps the focus on breakfast

A U.S. restaurant chain that only serves breakfast, brunch and lunch is keeping its original recipe for success as it evolves in response to changing work patterns
March 18
(AP Illustration/Jenni Sohn)
March 18

Want to feel special? Stores and restaurants with paid memberships are betting on it

Paid loyalty programs are all the rage in the restaurant and retail worlds
March 18
Joseph Einhorn scrolls items on his $1,000 a month exclusive shopping app called Long Story Short, for moneyed power shoppers looking for ultra rarities, Tuesday, March 5, 2024, in New York. (AP Photo/Bebeto Matthews)
March 18

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy
March 18
FILE - A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo. Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy.(AP Photo/Eugene Hoshiko, File)
March 18

Stock market today: Asian stocks gain ahead of US and Japan rate decisions

Asian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve
March 18
People stop in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo. Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. (AP Photo/Eugene Hoshiko)
March 18

This Week: Housing starts, Fed policy update and existing US home sales

The Commerce Department releases its monthly tally of housing starts Tuesday
March 18
March 18

China's foreign minister meets New Zealand counterpart, beginning trip that also includes Australia

Chinese Foreign Minister Wang Yi has begun a diplomatic tour of New Zealand and Australia, meeting with his New Zealand counterpart Winston Peters in Wellington
March 18
China's Minister of Foreign Affairs Wang Yi, left, speaks during a bilateral meeting with his New Zealand counterpart Winston Peters, right, in Wellington, New Zealand, Monday, March 18, 2024. (Hagen Hopkins/Pool Photo via AP)
March 18

China's economy shows signs of improvement, but its property sector is still in the doldrums

China has reported its manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy
March 18
Excavators work on the top of a building near the central business district in Beijing in Beijing, China, Monday, March 18, 2024. China's manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday. (AP Photo/Tatan Syuflana)
March 17

Uber pays $178 million to end legal fight with Australian taxi drivers

Global rideshare giant Uber will pay $178 million to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market
March 17
An Uber vehicle stops across the road from a taxi rank in Sydney, Monday, March 18, 2024. Global rideshare giant Uber will pay 272 million Australian dollars ($178 million) to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. (AP Photo/Rick Rycroft)
March 17

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates
March 17
FILE - Federal Reserve Board Chair Jerome Powell speaks during his appearance before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington. The Federal Reserve is set this week to leave interest rates unchanged for a fifth straight time. (AP Photo/Mark Schiefelbein, File)
March 17

‘Kung Fu Panda 4’ repeats at No. 1 on the box office charts

“Kung Fu Panda 4” held its No. 1 spot atop the North American box office in its second weekend in theaters
March 17
This image released by Universal Pictures shows characters Po, voiced by Jack Black, left, and Zhen, voiced by Awkwafina, in a scene from DreamWorks Animation's "Kung Fu Panda 4." (DreamWorks Animation/Universal Pictures via AP)
March 17

New York's trauma center for animals takes the most complex cases

The Schwarzman Animal Medical Center in New York City is one of a handful of veterinary hospitals across the country that is equipped to handle the most complicated cases
March 17
Senior veterinarian Dr. Daniel Spector, center, explains to Jennie Anne Simson, left, the surgery he will perform on the foster cat Lynx during a consultation at the Schwarzman Animal Medical Center, Friday, March 8, 2024, in New York. (AP Photo/Mary Altaffer)
March 17

European Union announces $8B aid package for Egypt as concerns mount over migration

The European Union has announced a 7.4 billion-euro or $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores
March 17
In this photo provided by Egypt's presidency media office, Egyptian President Abdel-Fattah el-Sissi, right, meets Italian Prime Minister Giorgia Meloni at the Presidential Palace in Cairo, Egypt, Sunday, March 17, 2024. (Egyptian Presidency Media Office via AP)
March 17

It's March Madness and more people than ever can legally bet on basketball games

As March Madness gets underway, more people than ever now can legally bet on sports
March 17
FILE - Fox Sports broadcaster Greg Olsen retrieves his receipt after placing the first ceremonial bet in North Carolina during a DraftKings event celebrating the launch of mobile and online sports wagering across the state at the NASCAR Hall of Fame, Monday, March 11, 2024, in Charlotte, N.C. As March Madness gets underway, more people than ever now can legally bet on sports. A total of 38 states and the District of Columbia now allow some form of sports betting.(AP Photo/Erik Verduzco, File)
March 16

A suspected attack by Yemen's Houthi rebels has targeted a ship in the Gulf of Aden

A suspected attack by Yemen’s Houthi rebels saw an explosion detonated near a ship in the Gulf of Aden, potentially marking their latest assault on shipping through the crucial waterway leading to the Red Sea
March 16
This is a locator map for Yemen with its capital, Sanaa. (AP Photo)
March 16

Former Tesla worker settles discrimination case, ending appeals over lowered $3.2 million verdict

Tesla and a Black man who worked at the company’s California factory have settled a discrimination case that drew attention to the company's treatment of minorities
March 16
March 16

US to investigate Texas fatal crash that may have involved Ford partially automated driving system

The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, that involved a Ford electric vehicle that may have been using a partially automated driving system
March 16
March 16

Mnuchin’s interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook

Steven Mnuchin is a former U.S. Treasury secretary who said this week that he is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank
March 16
FILE - Former Treasury Secretary Steve Mnuchin speaks with reporters at the White House, March 13, 2020, in Washington. Mnuchin is interested in buying TikTok, just days after his investment firm led a $1 billion deal to inject life into a beaten-down bank.(AP Photo/Alex Brandon, File)
March 16

New kind of hospital coming to rural America. To qualify, facilities must close beds

Rural emergency hospitals are starting to gain a small foothold in the United States
March 16
Unused equipment lines the hallway of the Alliance Healthcare System hospital in Holly Springs, Miss., as photographed Feb. 29, 2024. The medical facility was initially approved by the federal government as a rural emergency hospital in March 2023, requiring closing all inpatient beds and providing 24/7 emergency care. However, they have been denied the status and must now transition back to a full-service hospital. (AP Photo/Rogelio V. Solis)
March 16

German railway operator resumes talks with train drivers' union in a long dispute

A union representing many German train drivers and the main national railway operator have resumed negotiations in a bitter dispute over working hours and pay
March 16
FILE - Passengers wait for a train in the central train station in Frankfurt, Germany, Monday, March 11, 2024. Germany's state-owned main railway operator says that it and a union representing many train drivers have resumed talks in a bitter dispute over working hours and pay. It said Saturday, March 16, 2024 both sides are optimistic that they will achieve a result next week. (AP Photo/Michael Probst, File)
March 16

What to know about the proposed 32-hour workweek

The measure would require companies to cut hours but preserve pay.
March 16
Senate Health, Education, Labor, and Pensions Committee Chairman Bernie Sanders questions witnesses during a hearing about working hours in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC.
March 16

America is getting green and giddy for its largest St. Patrick's Day parades

The United States' largest St. Patrick's Day parades are unfolding
March 16
The grand marshal of the 2024 Manhattan's St. Patrick's Day Parade, Irish-born Heineken USA CEO Maggie Timoney, the first female CEO of a major U.S. beer company, marches in the parade in New York, on Saturday, March 16, 2024. (AP Photo/Ted Shaffrey)
March 16

TikTok creators warn of economic impact if app sees ban, call it a vital space for the marginalized

TikTok creators across the country are expressing frustration over a bill passed by the U.S. House of Representatives that would lead to a nationwide ban of the app if its China-based owner doesn't sell its stake
March 16
Content creator Jensen Savannah, left, and her fiance and brand manager Jorge Millares, produce a client video at El Puro Cuban Restaurant, Thursday, March 14, 2024, in Charlotte, N.C. (AP Photo/Erik Verduzco)
March 16

AP PHOTOS: Collecting sap to make palm sugar is an arduous, and less appealing, job for Cambodians

Chin Choeun spends nearly 12 hours a day collecting sap from palm trees that he and his wife turn into palm sugar. The 54-year-old boasts of being one of Cambodia's most skilful palm tree climbers, having learned the skill from his father. But after 36 years scaling tree after tree, Choeun plans to retire in the next couple of years, because of age-related safety concerns. “It was a job that I took over from my father. It was his legacy, and I don’t want it to end because of me. but I know that it will be over after me,” Choeun said. The job is not appealing to his sons and grandsons because it is both hard work and it is dangerous. Young people in Cambodia's rural areas have more options for earning a living, unlike Choeun’s generation, which had only farm work. Many have moved away in search of jobs in big cities, and even to other countries like Thailand, South Korea or Japan. “I regret that my sons and grandsons cannot succeed me, but I respect their decision,” said Choeun,...
March 16
Chin Choeun, 54, collects sap from a palm tree during harvest season at Trapang Ampel village, outside Phnom Penh, Cambodia, Friday, March 15, 2024. Choeun spends nearly 12 hours a day collecting sap from palm trees that he and his wife turn into palm sugar. (AP Photo/Heng Sinith)