National Business - The Morning Sun

FILE - A 2023 Ford Mustang Mach-E charges, Friday, March 8, 2024, at an electric vehicle charging station in London, Ohio. The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, May 3, giving automakers more time to comply with some provisions about where battery minerals can come from. (AP Photo/Joshua A. Bickel, File)

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

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The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final … more

5/3/24

Rain falls into a puddle in Parliament Square, with a backdrop of the Houses of Parliament, in London, Friday, May 3, 2024. A High Court judge ruled Friday that Britain's government acted unlawfully when it approved a plan to meet the U.K.'s climate targets without evidence it could be delivered. It was the second time in two years that the government's main climate action plan was found unlawful and insufficient in meeting targets to cut greenhouse gas emissions. (AP Photo/Kin Cheung)

The UK government acted unlawfully in approving a climate plan, a High Court judge has ruled

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A U.K. High Court judge has ruled that the government acted unlawfully when it approved a plan to meet climate targets without evidence it could be delivered. It was the second time in two years that … more

By SYLVIA HUI | 5/3/24

Treasury Secretary Janet Yellen testifies during a House Ways and Means Committee hearing, Tuesday, April 30, 2024, on Capitol Hill in Washington. (AP Photo/Mariam Zuhaib)

Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

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Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy. In an address prepared for delivery Friday in Arizona, Yellen never mentions … more

By FATIMA HUSSEIN and JOSH BOAK | 5/3/24

Lionel Richie, left, and Lisa Parigi attend The King's Trust Global Gala at Casa Cipriani on Thursday, May 2, 2024, in New York. (Photo by Evan Agostini/Invision/AP)

King Charles' longtime charity celebrates new name and U.S. expansion at New York gala

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The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust. The organization marked the expansion of its work in the United States … more

By GLENN GAMBOA | 5/3/24

Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran, Tuesday, April 30, 2024. (AP Photo/Vahid Salemi)

Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers

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The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell their rugs under its ancient arches, their … more

By MEHDI FATTAHI | 5/3/24

Sulphur Times-Democrat co-editor James John works on the next edition of the newspaper from his home on Monday, April 29, 2024 in Sulphur, Okla. A tornado destroyed the downtown, where the newsroom is located. The paper's building is without power and questions about its integrity remain. (AP Photo/Graham Lee Brewer)

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

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A weekly newspaper in a rural Oklahoma community was at the center of a path of destruction. But the damage isn't stopping the Sulphur Times-Democrat from getting out its next issue as Oklahoma … more

By GRAHAM LEE BREWER | 5/3/24

FILE- French President Emmanuel Macron, left, shakes hands with Chinese President Xi Jinping after meeting the press at the Great Hall of the People in Beijing, Thursday, April 6, 2023. Xi will start his Europe tour in Paris on May 6-7, 2024, meeting with Macron, who has been stressing the idea of European strategic autonomy from the U.S. (AP Photo/Ng Han Guan, Pool, File)

As China's Xi Jinping visits Europe, Ukraine, trade and investment are likely to top the agenda

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Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday. Last year, on a visit to Beijing, French … more

By CHRISTOPHER BODEEN | 5/3/24

A vendor selling used remote controls for various home appliances takes a nap in Nhat Tao market, the largest informal recycling market in Ho Chi Minh City, Vietnam, Sunday, Jan. 28, 2024. (AP Photo/Jae C. Hong)

E-waste is overflowing landfills. At one sprawling Vietnam market, workers recycle some of it

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The world is producing more electronic waste than ever — 62 million metric tons in 2022. And it's growing faster than formal efforts to recycle it. Some gets picked up by a web of low-paid workers … more

By ANIRUDDHA GHOSAL and JAE C. HONG | 5/2/24

FILE -A Bally Sports sign hangs in a dugout before the start of a spring training baseball game between the St. Louis Cardinals and Houston Astros Thursday, March 2, 2023, in Jupiter, Fla. Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor. The cutoff that began Wednesday, May 1, 2024 affects games played by a dozen Major League Baseball teams based in nine states. (AP Photo/Jeff Roberson, File)

Comcast blacks out 15 regional sports networks in contract dispute with distributor

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Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor. The cutoff that began Wednesday affects games played by a dozen … more

5/2/24

Hugh Evans, CEO of Global Citizen, left, listens as Actor Danai Gurira, center, addresses attendees of the Global Citizen Now conference, Wednesday, May 1, 2024, in New York. Fran Katsoudas is right. (AP Photo/Craig Ruttle)

Global Citizen NOW urges investment in Sub-Saharan Africa and youth outreach

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Global Citizen NOW says it wants 2024 conference attendees to invest long-term in the African continent's fast-growing youth population and increase outreach to young changemakers. Global Citizen CEO … more

By JAMES POLLARD | 5/2/24

FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's "Countdown to the Closing Bell," May 7, 2018, in Omaha, Neb. Everyone knows Buffett's successor won't be able to match the legendary investor, but Berkshire Hathaway's board remains confident that Greg Abel is the right guy to one day lead the conglomerate into the future. (AP Photo/Nati Harnik, File)

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett

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Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor. But Berkshire Hathaway’s board remains confident Greg Abel is the right guy to one day lead the … more

By JOSH FUNK | 5/2/24

FILE - A general view shows the aftermath of a wildfire in Lahaina, Hawaii, Monday, Aug. 21, 2023. The wildfires devastated parts of the Hawaiian island of Maui earlier this month. Maui County is suing major cellular carriers for failing to properly inform police of widespread service outages during the height of last summer's deadly wildfire. (AP Photo/Jae C. Hong, File)

Maui sues cell carriers over wildfire warning alerts that were never received during service outages

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Maui County is suing major cellular carriers for failing to properly inform police of widespread service outages during the height of last summer’s deadly wildfire. The county is suing Verizon … more

By JENNIFER SINCO KELLEHER | 5/2/24

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

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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

By FATIMA HUSSEIN | 5/2/24

Russian state media is posting more on TikTok ahead of the U.S. presidential election, study says

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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

The Associated Press | 5/2/24

FILE - Pioneer Natural Resources Midland headquarters office is shown on Jan. 13, 2021, in Midland, Texas. 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 board of directors. The FTC said Thursday, May 2, 2024 that Scott Sheffield colluded with OPEC and OPEC+ to potentially raise crude oil prices. (Jacob Ford/Odessa American via AP, File)

Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board

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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

5/2/24

Average long-term US mortgage rate rises for again, reaching highest level more than five months

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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

By ALEX VEIGA | 5/2/24

FILE - Andy Jassy, Amazon president and CEO, attends the premiere of "The Lord of the Rings: The Rings of Power" at The Culver Studios on Monday, Aug. 15, 2022, in Culver City, Calif. An administrative law judge ruled Wednesday, May 1, 2024, that Jassy violated labor law by making certain anti-union comments during media interviews two years ago. (Photo by Jordan Strauss/Invision/AP, File)

Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules

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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

By HALELUYA HADERO | 5/2/24

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

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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

By RONALD BLUM | 5/2/24

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

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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

By MIKE SCHNEIDER | 5/2/24

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

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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

5/2/24