National Business - The Morning Sun

In this photo provided by South Korea Defense Ministry, an Army Tactical Missile System or ATACMS missile is fired during a joint military drill between U.S. and South Korea at an undisclosed location in South Korea, Wednesday, Oct. 5, 2022. The Joint Chiefs of Staff said the South Korean and U.S. militaries successfully fired a total of four Army Tactical Missile Systems missiles during the exercise that it said was aimed at demonstrating its precision strike capabilities against the North. (South Korea Defense Ministry via AP)

US sanctions Asian firms over North Korean fuel shipments

In the midst of increasingly aggressive North Korean missile launches this week, the U.S. has imposed sanctions on people and firms in Asia accused of helping North Korea procure fuel in violation of … more

By FATIMA HUSSEIN | 10/7/22

FILE - A sign advertises for help The Goldenrod, a popular restaurant and candy shop, Wednesday, June 1, 2022, in York Beach, Maine. The number of available jobs in the U.S. plummeted in August 2022 compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation. (AP Photo/Robert F. Bukaty, File)

US hiring stayed solid in September as employers add 263,000

America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease … more

By PAUL WISEMAN | 10/7/22

FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition March 9, 2020, in Washington. Trading in shares of Twitter were halted after the stock spiked, Tuesday, Oct. 4, 2022 on reports that Musk would proceed with his $44 billion deal to buy the company after months of legal battles. (AP Photo/Susan Walsh, File)

To buy Twitter, Musk has to keep banks, investors on board

If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. Earlier this … more

By TOM KRISHER and MATT O'BRIEN | 10/7/22

Philippine President Ferdinand Marcos Jr. waves as he arrives at the 2022 Department of Environment and Natural Resources Multistakeholder Forum in Manila, Philippines, Wednesday, Oct. 5, 2022. Marcos Jr. has reaffirmed ties with the United States, the first major power he visited since taking office in June, in a key turnaround from the often-hostile demeanor his predecessor displayed toward Manila's treaty ally. (AP Photo/Aaron Favila)

Marcos Jr. reaffirms US ties in first 100 days of presidency

Saturday marks Philippine President Ferdinand Marcos Jr.’s 100th day in office. He has inherited daunting problems at home, including a coronavirus pandemic-battered economy, soaring inflation, and … more

By JIM GOMEZ and JOEAL CALUPITAN | 10/7/22

European Commission President Ursula von der Leyen waits for the start of a group photo during a meeting of the European Political Community at Prague Castle in Prague, Czech Republic, Thursday, Oct 6, 2022. Leaders from around 44 countries are gathering Thursday to launch a "European Political Community" aimed at boosting security and economic prosperity across the continent, with Russia the one major European power not invited. (AP Photo/Alastair Grant, Pool)

EU leaders struggle to bridge gas price cap divide

European Union leaders are meeting in Prague to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels the energy crisis. It's … more

10/7/22

Jordan Cromer cleans water-logged items at his home, Tuesday, Oct. 4, 2022, in North Port, Fla. Residents along Florida's west coast are cleaning up damage after Hurricane Ian make landfall the week before. (AP Photo/Chris O'Meara)

Hurricane Ian floods leave mess, insurance questions behind

Christine Barrett and her family had to climb on top of their kitchen cabinets because of flooding that surged into their house during Hurricane Ian. They put water wings on their 1-year-old, and … more

By REBECCA SANTANA and MICHAEL PHILLIS | 10/7/22

FILE - In this image released by the Saudi Royal Palace, Saudi Crown Prince Mohammed bin Salman, right, greets President Joe Biden with a fist bump after his arrival at Al-Salam palace in Jeddah, Saudi Arabia, July 15, 2022. (Bandar Aljaloud/Saudi Royal Palace via AP, File)

A bump and a miss: Saudi oil cut slaps down Biden's outreach

President Joe Biden is effectively acknowledging the failure of one of his biggest foreign policy gambles: a fist-bump with the de-facto leader of Saudi Arabia, the crown prince associated with human … more

By ELLEN KNICKMEYER and KEVIN FREKING | 10/6/22

The MercyOne Des Moines Medical Center campus is seen, Thursday, Oct. 6, 2022, in Des Moines, Iowa. Diverted ambulances. Cancer treatment delayed. Electronic health records offline. These are just some of ripple effects of an apparent cyberattack on the major nonprofit health system that disrupted operations throughout the U.S. Meanwhile, The Des Moines Register said the incident occurred Monday, Oct. 3, 2022, and forced the diversion of five ambulances from the emergency department of the city's Mercy One Medical Center to other medical facilities. (AP Photo/Charlie Neibergall)

Hospital chain attack part of ongoing cybersecurity concerns

Diverted ambulances, cancer treatment delayed and electronic health records offline are just some of ripple effects of an apparent cyberattack on a major nonprofit health system that disrupted … more

By KATHLEEN FOODY and KIMBERLEE KRUESI | 10/6/22

This image released by Netflix shows, from left, Edward Norton, Madelyn Cline, Kathryn Hahn, Dave Bautista, Leslie Odom Jr., Jessica Henwick, Kate Hudson, Janelle Monae, and Daniel Craig in a scene from "Glass Onion: A Knives Out Mystery." (Netflix via AP)

In a first, Netflix's 'Glass Onion' to play in major chains

For the first time, the major U.S. theater chains will play a Netflix release after exhibitors and the streaming service reached a deal for a nationwide sneak-peak run of Rian Johnson’s “Glass … more

By JAKE COYLE | 10/6/22

FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Friday, Sept. 23, 2022, in Washington. More interest rate increases will be necessary to wrestle inflation under control, Federal Reserve Governor Cook said Thursday, Oct. 6, echoing several tough speeches by other central bank officials this week. (AP Photo/Manuel Balce Ceneta, File)

Fed's Cook says more rate hikes needed to combat inflation

Federal Reserve Governor Lisa Cook says more interest rate increases will be necessary to wrestle inflation under control. Her remarks Thursday echo several tough speeches by other central bank … more

By CHRISTOPHER RUGABER | 10/6/22

A long exposure photo shows traffic moving along a highway in Frankfurt, Germany, early Thursday, Oct. 6, 2022. (AP Photo/Michael Probst)

Germans warned: Gas use is too high to avoid energy crisis

Germans are using too much gas now to avoid a potential energy shortage this winter. That's the warning delivered Thursday by the head of Germany’s national network regulator. He says “gas … more

10/6/22

Gas prices are displayed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday. The OPEC+ alliance that includes Saudi Arabia and Russia is weighing a cut of a million barrels per day or more. The idea is to boost oil prices that have fallen from summer highs of over $100 to around $80 for U.S. crude. (AP Photo/Michael Probst)

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

Oil cartel OPEC and its allies are cutting production. And that means oil prices are likely going up. The OPEC+ alliance says they're trying to support prices against future sagging demand from an … more

By DAVID McHUGH | 10/6/22

This combination photo shows, from left, Venus Williams at HISTORYTalks in Washington on Sept. 24, 2022, Shaquille O'Neal at Shaq's Fun House in Los Angeles on Feb. 11, 2022, and Tracee Ellis Ross at the Vanity Fair Oscar Party in Beverly Hills, Calif., on March 27, 2022. Williams, O'Neal and Ellis Ross are among those set to participate in Black Entrepreneurs Day, founded and organized by “Shark Tank” panelist and FUBU chief executive Daymond John, will be held Oct. 27 at New York City's Apollo Theater and streamed live on social media. (AP Photo)

Venus Williams, Spike Lee set for Black Entrepreneurs Day

A celebration of Black business success and opportunity is back for its third year. Black Entrepreneurs Day was founded and organized by “Shark Tank” panelist Daymond John. Venus Williams, Spike … more

10/6/22

International Monetary Fund Managing Director Kristalina Georgieva speaks on the global economic outlook and key issues to be addressed at this month's IMF and World Bank Annual Meetings, at Georgetown University in Washington, Thursday, Oct. 6, 2022. (AP Photo/J. Scott Applewhite)

IMF warns of higher recession risk and darker global outlook

The International Monetary Fund is once again lowering its projections for global economic growth in 2023. It is projecting world economic growth lower by $4 trillion through 2026. Kristalina … more

By FATIMA HUSSEIN | 10/6/22

Turkey's President Recep Tayyip Erdogan, right, arrives for a meeting of the European Political Community at Prague Castle in Prague, Czech Republic, Thursday, Oct 6, 2022. Leaders from around 44 countries are gathering Thursday to launch a "European Political Community" aimed at boosting security and economic prosperity across the continent, with Russia the one major European power not invited. (AP Photo/Petr David Josek)

Leaders of Turkey, Armenia, hold face-to-face meeting

The leaders of Turkey and Armenia have held their first face-to-face meeting since the two countries agreed to improve relations. Turkey’s President Recep Tayyip Erdogan and Prime Minister Nikol … more

10/6/22

FILE - A truck arrives at the Amazon warehouse facility, in the Staten Island borough of New York, April 1, 2022. Amazon will hire 150,000 full-time, part-time and seasonal employees across its warehouses ahead of the holiday season. The announcement, made Thursday, Oct. 6, shows the e-commerce behemoth is taking a less conservative approach to its holiday planning than Walmart. (AP Photo/Eduardo Munoz Alvarez, File)

Amazon to hire 150,000 workers for holidays

Amazon will hire 150,000 full-time, part-time and seasonal employees across its warehouses ahead of the holiday season. The announcement, made Thursday, shows the e-commerce behemoth is taking a … more

By HALELUYA HADERO | 10/6/22

FILE - A home with a "Sold" sign is shown, Sunday, May 2, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008. Mortgage buyer Freddie Mac reported Thursday, Oct. 6, 2022, that the average on the key 30-year rate dipped to 6.66% from 6.70% last week. (AP Photo/Wilfredo Lee, File)

Average long-term US mortgage rates dip to 6.66% this week

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market … more

By MATT OTT | 10/6/22

FILE - A man sits outside the gate of an overcrowded asylum seekers center where hundreds of migrants seek shelter in Ter Apel, northern Netherlands, Thursday, Aug. 25, 2022. A Dutch court on Thursday, Oct. 6, 2022 ordered the government and its asylum seeker accommodation agency to significantly improve conditions at overcrowded and unsanitary emergency migrant housing facilities. (AP Photo/Peter Dejong, File)

Dutch court orders government to improve migrant centers

A Dutch court has ordered the government and its asylum-seeker accommodation agency to significantly improve conditions at overcrowded and unsanitary emergency migrant housing facilities. The ruling … more

By MIKE CORDER | 10/6/22

Peloton to cut 500 jobs as turnaround efforts continue

Peloton is looking to trim approximately 500 jobs, or about 12% of its workforce, as the high-end exercise equipment maker continues its turnaround efforts. “A key aspect of Peloton’s … more

By MICHELLE CHAPMAN | 10/6/22

Hiring sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy. Applications for unemployment benefits for the week ending Sept. 24 fell by 16,000 to 193,000, the Labor Department reported Thursday, Sept. 29. (AP Photo/Nam Y. Huh)

More Americans apply for jobless benefits last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy. Jobless claims for the week … more

By MATT OTT | 10/6/22