Business

KEN SWEET AP Business Writer NEW YORK (AP) — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do…

JOSH BOAK ASSOCIATED PRESS WASHINGTON (AP) — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point … at least not yet. The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, a…

LONDON (AP) — Google is laying off 12,000 workers, or about 6% of its work- force, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Google CEO Sundar Pichai, who also leads its parent company Alphabet, informed staff Friday at the Silicon Valley…

CARA RUBINSKY Associated Press LAS VEGAS (AP) — From an AI oven that promises to warn you when your food is about to burn to a mixing bowl designed to take the hassle out of tracking calories, food tech was a key theme at this year’s CES tech show in Las Vegas. Brad Jashinsky, a…

KATE ASHFORD NerdWallet More than 1 in 4 retirees say they’re spending more than they can afford, according to an October 2022 survey by the Employee Benefit Research Institute. With inflation at 7.1% in November, it’s not surprising that savings aren’t going as far as they used to. But there are ways to bring in…

RANDALL CHASE AP Business Writer DOVER, Del. (AP) — Attorneys for the U.S. bankruptcy trustee in Delaware and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public. At a brief hearing Friday, the judge presiding over the FTX bankruptcy granted…