National Business - The Morning Sun

FILE - The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb Inc. reports quarterly financial results on Tuesday, May 9, 2023. (AP Photo/Patrick Semansky, File)

Airbnb posts $117 million 1Q profit as revenue grows by 20%

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Airbnb has reported a $117 million profit for the first quarter, the first time that the company has made money during the seasonally slowest part of the year. Airbnb said Tuesday that its revenue … more

By DAVID KOENIG | 5/9/23

FILE - Lachlan Murdoch appears at the Vanity Fair Oscar Party in Beverly Hills, Calif., on Feb. 9, 2020. Fox News paid $787 million to settle a recent lawsuit on its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company's chief executive said on Tuesday. Murdoch, executive chairman and CEO of Fox Corp., said a Delaware judge “severely limited” Fox's defenses against Dominion Voting Systems, which said the network defamed it by airing bogus charges of election fraud that it knew was untrue. (Photo by Evan Agostini/Invision/AP, File)

Lachlan Murdoch explains settlement, says no change at Fox

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Lachlan Murdoch says Fox paid $787 million to settle a lawsuit on its reporting to avoid a divisive trial and lengthy appeals process. The Fox Corp. chief executive also says a Delaware judge … more

By DAVID BAUDER | 5/9/23

A passer-by walks near the front of a Tempur-Pedic mattress store location, Tuesday, May 9, 2023, in Dedham, Mass. Tempur Sealy, the parent company of Tempur-Pedic, has agreed to acquire Mattress Firm in a cash-and-stock transaction valued at about $4 billion. The companies said Tuesday they expect to complete the transaction in the second half of 2024. (AP Photo/Steven Senne)

Tempur Sealy to buy Mattress Firm in $4 billion deal

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Tempur Sealy has agreed to acquire Mattress Firm in a cash-and-stock transaction valued at about $4 billion. The companies said Tuesday they expect to complete the transaction in the second half of … more

By WYATTE GRANTHAM-PHILIPS | 5/9/23

FILE - A display Discord stands at the company's booth at the Game Developers Conference 2023 in San Francisco, March 22, 2023. The social app Discord, a favorite of gamers, inadvertently fostered internal strife after announcing on Wednesday, May 3, that its millions of members will have to pick new usernames. (AP Photo/Jeff Chiu, File)

Discord forces members to change usernames, discord erupts

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Discord is a social app favored by gamers. But it has stirred internal strife after announcing last week that it will force its millions of members to pick new usernames. That may sound trivial, but … more

By DAVID HAMILTON | 5/9/23

FILE - The price of Amazon stock is shown on a screen at the Nasdaq MarketSite, Wednesday, Dec. 20, 2017, in New York. Amazon reports earnings on Thursday, April 27, 2023. (AP Photo/Mark Lennihan, File)

Amazon begins offering physical products in games, VR

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Amazon said Tuesday it launched a new service that will allow customers to purchase physical products while playing video games or interacting in virtual reality. The service, called “Amazon … more

By HALELUYA HADERO | 5/9/23

FILE - The Treasury Building is viewed in Washington, May 4, 2021. The Treasury Department designated El Chapo's son Joaquin Guzman Lopez and others for financial sanctions, including a freeze on American-owned assets and bank accounts and a ban on Americans doing business with them. (AP Photo/Patrick Semansky, File)

El Chapo's son, Sinaloa members face sanctions over fentanyl

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The United States has sanctioned a son of Mexican drug lord Joaquin “El Chapo” Guzman, three members of the Sinaloa cartel and two Mexican-based firms, alleging they trafficked fentanyl and other … more

By FATIMA HUSSEIN | 5/9/23

FILE - A person walks past the Fox News Headquarters in New York on April 12, 2023. Fox Corp. swung to a third quarter loss Tuesday, May 9, weighed down by Fox News' nearly $800 million settlement with Dominion Voting Systems. (AP Photo/Yuki Iwamura, File)

Fox Corp. dinged by Dominion settlement in third quarter

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Fox Corp. moved to a loss in its fiscal third quarter, weighed down by Fox News’ nearly $800 million settlement with Dominion Voting Systems. The company said Tuesday that the difference in its … more

By MICHELLE CHAPMAN | 5/9/23

A line of 2022 Santa Fe SUV's sit outside a Hyundai dealership Sunday, Sept. 12, 2021, in Littleton, Colo. Nearly three months after Hyundai and Kia rolled out new software designed to thwart rampant auto thefts, crooks are still driving off with the vehicles at an alarming rate. (AP Photo/David Zalubowski)

Hyundai and Kia thefts keep rising despite security fix

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Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social … more

By TOM KRISHER | 5/9/23

An employee of Christie's displays the Great Mogul Emerald and Diamond Necklace by Harry Winston, estimated between 450,000 - 640,000 CHF (Swiss Francs), in display case, during the preview of "The World of Heidi Horten" the 700 piece jewellery collection of the late Austrian billionaire Heidi Horten, at Christie's Auction House in Geneva, Switzerland, Monday, May 8, 2023. (Salvatore Di Nolfi/Keystone via AP)

Christie's sale of Austrian heiress' jewels stirs criticism

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Christie’s is auctioning a staggering 700 pieces of jewelry from the collection of the late Heidi Horten, an Austrian heiress whose German husband built a retail empire starting in the 1930s — in … more

By JAMEY KEATEN | 5/9/23

European Commission President Ursula von der Leyen speaks during her press conference with Ukrainian President Volodymyr Zelenskyy in Kyiv, Ukraine, Tuesday, May 9, 2023. (AP Photo/Efrem Lukatsky)

EU takes aim at countries helping Russia to avoid sanctions

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European Commission President Ursula von der Leyen is urging EU member nations to take trade measures against countries that help the Kremlin circumvent the bloc’s sanctions against Russia. China … more

By LORNE COOK | 5/9/23

In global rush to regulate AI, Europe set to be trailblazer

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European lawmakers have rushed to add language on general artificial intelligence systems like ChatGPT as they put the finishing touches on the Western world's first AI rules. The emerging technology … more

By KELVIN CHAN | 5/9/23

UBS to take in Credit Suisse CEO as merger closes in 2 weeks

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UBS says it’s bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately “for the foreseeable future” as it moves forward with a high-profile … more

5/9/23

Driverless trucks move shipping containers at a port in Tianjin, China, Monday, Jan. 16, 2023. Chinese exports grew in April by 8.5% to $295.4 billion compared with a year earlier despite weakening global demand. (AP Photo/Mark Schiefelbein)

China exports up 8.5% in April in unexpected climb

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Customs data shows Chinese exports grew in April by 8.5% to $295.4 billion compared with a year earlier, despite weakening global demand. Data from the General Administration of Customs showed … more

5/9/23

FILE - President Joe Biden talks with House Speaker Kevin McCarthy of Calif., on the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, Friday, March 17, 2023. Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks on Tuesday, May 9. (AP Photo/Alex Brandon, File)

Deal or default? Biden, GOP must decide what's on the table

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Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly they’re … more

By ZEKE MILLER, SEUNG MIN KIM and JOSH BOAK | 5/9/23

FILE - CNN White House correspondent Kaitlan Collins during a live shot in front of the White House in Washington, July 25, 2018. Donald Trump's town hall forum on CNN on Wednesday, May 10, 2023, is the first major TV event of the 2024 presidential campaign, and a big test for the chosen moderator, Kaitlan Collins. The former White House correspondent and now-morning show host must juggle questions from an audience of Republican primary voters, her own follow-ups and the need to fact-check false statements. (AP Photo/Alex Brandon, File)

Trump forum a big test for CNN, moderator Kaitlan Collins

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Donald Trump's town hall forum on CNN on Wednesday is the first major TV event of the 2024 presidential campaign, and a big test for the chosen moderator, Kaitlan Collins. The former White House … more

By DAVID BAUDER | 5/9/23

FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, May 8, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets. (AP Photo/John Minchillo, File)

FTX founder Sam Bankman-Fried seeks dismissal of indictment

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FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes. Lawyers for the … more

By LARRY NEUMEISTER | 5/8/23

FILE - Passengers leave the baggage handling hall at the Dubai International Airport terminal 3, in Dubai, United Arab Emirates, on Oct. 25, 2022. On Tuesday, May 9, 2023, the airport reported it saw over 21.2 million passengers pass through its terminals in the first quarter of the year, potentially nearing numbers it saw before the coronavirus pandemic grounded air traffic around the world. (AP Photo/Kamran Jebreili, File)

Dubai main airport sees over 21.2M passengers in early 2023

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Dubai International Airport had over 21.2 million passengers pass through its terminals in the first quarter of this year. It might near the totals it had before the coronavirus pandemic grounded air … more

By NICK EL HAJJ | 5/8/23

Australian Treasurer Jim Chalmers speaks to the media as he arrives at Parliament House in Canberra, Australia, Tuesday, May 9, 2023. Chalmers will be handing down the nation's first balanced annual budget in 15 years but warned that economic pressures such as inflation would push the country into deeper debt in future years. (Lukas Coch/AAP Image via AP)

Australia forecasts first annual budget surplus in 15 years

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The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future … more

By ROD McGUIRK | 5/8/23

FILE - Amazon's Prime Video streaming app is seen on an iPad, March 19, 2018, in Baltimore. Amazon said Monday, May 8, 2023, that it will distribute its original films and TV shows, like “The Marvelous Mrs. Maisel,” to media outlets outside the Prime Video service for the first time. (AP Photo/Patrick Semansky, File)

Amazon films, series to get wider distribution via licensing

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Amazon says it will distribute original films and TV shows, like “The Marvelous Mrs. Maisel,” to other media outlets for the first time. The company said in a news release it will license the … more

5/8/23

FILE - People stand outside a Silicon Valley Bank branch in Santa Clara, Calif., on March 10, 2023. California's bank regulator was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to fix its problems, the regulator found in its own report issued Monday, May 8. (AP Photo/Jeff Chiu, File)

California bank regulator finds own faults in bank's demise

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California’s bank regulator was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to fix its problems. That's according to a report that the … more

By KEN SWEET | 5/8/23