Business
China accuses Washington of wanting ‘technological hegemony’
JOE McDONALD AP Business Writer BEIJING (AP) — China’s government accused Washington on Tuesday of pursuing “technology hegemony” following news reports the United States might step up pressure on tech giant Huawei by blocking all access to American suppliers. The possible move, reported by Bloomberg News, The Financial Times and The Wall Street Journal, would…
Read MoreAmEx profits fall 9% as customers fall behind on payments
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…
Read MoreLots of sound and fury on US debt, but not a crisis — yet
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…
Read MoreWhy do so many older adults choose Medicare Advantage?
KATE ASHFORD NerdWallet In 2022, 48% of Medicare beneficiaries were enrolled in Medicare Advantage plans instead of original Medicare, and experts predict that number will be higher in 2023. Medicare Advantage plans are offered by private insurers and bundle Medicare benefits in a way many people find appealing — but they also limit care to…
Read MoreGoogle axes 12,000 jobs as tech layoffs spread
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…
Read MoreBest of CES 2023: Nutrition tracking and a very smart mixer
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…
Read MoreAirline breakdown upends holiday leave for service members
LEAH WILLINGHAM Associated Press Amiah Manlove used most of her savings to buy a $711 airline ticket to go home for the holidays. Then the Army private got stuck midway through the over 4,000-mile journey from Hawaii to Indianapolis and had to sleep on an airport floor. Manlove, 20, an active-duty soldier stationed in Oahu,…
Read MoreSix ways to make extra money in retirement
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…
Read MoreIs meal kit delivery still worth the cost?
DALIA RAMIREZ NerdWallet Meal kit subscriptions boomed in popularity in 2020, when more people were staying home and cooking than going out to eat during the beginning of the COVID-19 pandemic. Companies like HelloFresh, Blue Apron and EveryPlate catered to customers looking for healthy meals with more variety, made with pre-portioned ingredients shipped to their…
Read MoreUS trustee, media challenging secrecy in FTX bankruptcy
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…
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