National Business - The Morning Sun

FILE - A man walks across the street from a Capital One location in San Francisco. (AP Photo/Jeff Chiu, File)

Capital One sued by US watchdog alleging bank cheated customers out of $2 billion

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A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost … more

By WYATTE GRANTHAM-PHILIPS | 1/14/25

President Joe Biden makes a statement on the latest developments in New Orleans from Camp David, Md., Wednesday, Jan. 1, 2025. (AP Photo/Susan Walsh)

How Biden's domestic policy record stacks up against public perception

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President Joe Biden's tenure in the White House is ending with a gulf between his policy record and his public reputation. The Democrat spent so much of his time addressing long-term priorities that … more

By JOSH BOAK | 1/14/25

FILE - Boeing workers wave picket signs as they strike after union members voted to reject a contract offer near the company's factory in Everett, Washington, Sept. 15, 2024. (AP Photo/Lindsey Wasson)

Boeing's aircraft deliveries and orders in 2024 reflect the company's rough year

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Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024, The American aerospace giant reported on Tuesday that it supplied 348 jetliners during … more

By The Associated Press | 1/14/25

FILE- In this Nov. 15, 2017, file photo, new $1 bills are cut and stacked at the Bureau of Engraving and Printing in Washington. (AP Photo/Jacquelyn Martin, File)

What to do with your 401(k) when you retire

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For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: Roll it over. If you’re pondering whether to leave the assets behind or roll them over for … more

Christine Benz of Morningstar | 1/14/25

Trump says he will create an 'External Revenue Service' agency to collect tariff income

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President-elect Donald Trump says he plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. He posted on his social media site … more

By FATIMA HUSSEIN | 1/14/25

Court tells SEC to lay out why it has declined Coinbase's request for crypto regulations

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A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset … more

By MARK SCOLFORO | 1/14/25

FILE - A man stands under a shower at the public beach of Paleo Faliro, in southern Athens, Greece, on June 23, 2022. (AP Photo/Thanassis Stavrakis, File)

Greece hotel pools set to switch to seawater on drought-hit islands

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Hotels on Greek islands may be filling their swimming pools with seawater this summer in response to worsening drought conditions. The changes could come under new legislation being debated in … more

1/14/25

FILE - Bottles of Jack Daniel's Tennessee Whiskey line the shelves of a liquor outlet in Montpelier, Vt., Dec. 5, 2011. (AP Photo/Toby Talbot, File)

Jack Daniels' parent Brown-Forman is cutting its workforce and closing its barrel-making plant

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Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers … more

By BRUCE SCHREINER | 1/14/25

FILE - Member of Parliament Tulip Siddiq stands outside 10 Downing Street, London, May 13, 2022. (Victoria Jones/PA via AP, File)

UK minister quits while facing questions over links to ousted Bangladeshi leader Sheikh Hasina

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Britain’s anti-corruption minister has resigned amid a controversy over links to her aunt Sheikh Hasina who is the ousted Bangladeshi prime minister. Tulip Siddiq said Tuesday that she was quitting … more

1/14/25

Icons for the smartphone apps Xiaohongshu and TikTok are seen on a smartphone screen in Beijing, Tuesday, Jan. 14, 2025. (AP Photo/Andy Wong)

US TikTok users flock to Chinese app Xiaohongshu in protest with TikTok ban looming

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As the threat of a TikTok ban looms, some U.S. TikTok users are flocking to Chinese social media app Xiaohongshu – making it the top downloaded app in the U.S. The self-described “TikTok … more

By ZEN SOO | 1/14/25

Travelers wait at the check-in counter for Southwest Airlines in Denver International Airport Thursday, Dec. 19, 2024, in Denver. (AP Photo/David Zalubowski)

Southwest pausing some hirings, internships as the airline looks to reduce costs

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Southwest Airlines is hitting the pause button on some of its hirings, internships and employee events this year as the company looks to lower costs. The Dallas-based company plans to limit … more

By MICHELLE CHAPMAN | 1/14/25

Czech Republic's Prime Minister Petr Fialla addresses media at the Central Oil Tank Farm near Nelahozeves, Czech Republic, Tuesday, Jan. 14, 2025. (AP Photo/Petr David Josek)

The Czech Republic ends its energy dependence on Russian oil imports

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The Czech government says the country has boosted its energy security by completing a project to finish its dependence on oil delivery from Russia. The Czech Republic has received about a half of its … more

1/14/25

FILE - MSNBC President Rashida Jones attends the premiere of "Loudmouth" during the 2022 Tribeca Festival in New York, June 18, 2022. (Photo by Andy Kropa/Invision/AP, File)

Rashida Jones stepping down as MSNBC president on eve of Trump inauguration

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MSNBC president Rashida Jones says that she is stepping down after four years. It's a move that comes on the eve of Donald Trump's second inauguration as president and after a Comcast reorganization … more

By DAVID BAUDER | 1/14/25

FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. (AP Photo/Patrick Semansky, File)

The tax deadline for some small businesses affected by disasters in 2024 is drawing near

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The tax deadline for some small businesses affected by severe weather in 2024 is drawing near, the IRS is reminding owners. Small businesses in all or parts of 14 states and 2 territories that … more

By MAE ANDERSON | 1/14/25

This photo released by Glogowek Town Hall shows Glogowek Castle in Glogowek, Poland, Aug. 5, 2022. (Glogowek Town Hall/Stanislaw Stadnicki via AP)

Polish town invites Elon Musk to buy its castle for his European headquarters

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A town in Poland is encouraging Elon Musk to buy its vast 13th-century castle and turn it into his European headquarters. The mayor of Glogowek said Tuesday that he recently posted the invitation on … more

1/14/25

Rescuers work to retrieve miners from ground in an abandoned gold mine for months, in Stilfontein, South Africa, Tuesday, Jan. 14, 2025. (AP Photo/Themba Hadebe)

Why hundreds of miners are still trapped and starving in an abandoned South Africa mine

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South African authorities have ome under intense scrutiny for their response after civic groups said hundreds of miners have been trapped deep in an abandoned gold mine for months. More than 100 of … more

By GERALD IMRAY | 1/14/25

FILE - The likeness of George Washington is seen on a U.S. one dollar bill, Monday, March 13, 2023, in Marple Township, Pa. (AP Photo/Matt Slocum, File)

US producer prices rose 0.2% last month on higher energy costs

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U.S. wholesale inflation rose last month on higher energy prices. The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% … more

By PAUL WISEMAN | 1/14/25

A sign advertising an apartment for sale is seen next to housing blocks in Madrid, Spain, Tuesday, Jan. 14, 2025. Sign in Spanish reads ' A renovated apartment with two rooms, two bathrooms and a private patio'. (AP Photo/Paul White)

Why is Spain considering a 100% tax on homes bought by non-EU residents?

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Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents. Spanish Prime Minister Pedro Sánchez … more

By SUMAN NAISHADHAM | 1/14/25

FILE - Deciding to skip President-elect Joe Biden's inauguration, outgoing President Donald Trump and first lady Melania Trump depart Washington en route to his Mar-a-Lago Florida Resort, at Andrews Air Force Base, Md., Jan. 20, 2021. (AP Photo/Manuel Balce Ceneta, File)

World Economic Forum says Trump to take part virtually in Davos meeting, days after inauguration

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The World Economic Forum’s president says U.S. President Donald Trump will take part virtually in the annual meeting in Davos just days after his inauguration. Børge Brende is a former Norwegian … more

By JAMEY KEATEN | 1/14/25

FILE - A man walks past Google's offices in London's Kings Cross area, on Aug. 10, 2024. (AP Photo/Brian Melley, File)

Google faces more scrutiny as UK watchdog flexes new digital competition powers

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Britain’s competition watchdog says it’s investigating Google’s search ad business, adding to global scrutiny that the U.S. tech giant is facing. The Competition and Markets Authority said it … more

By KELVIN CHAN | 1/14/25