Workers: 'Rotten egg' smell before chocolate factory blast
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Workers at a Pennsylvania chocolate factory smelled rotten eggs before a powerful natural gas explosion that leveled one building and heavily damaged another, killing seven people. That's according …
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By MICHAEL RUBINKAM
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5/2/23
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Oregon secretary of state resigns due to marijuana job
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Oregon Secretary of State Shemia Fagan has announced her resignation amid sharp criticism from both Republicans and Democrats for having moonlighted as a highly-paid consultant to a marijuana …
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By ANDREW SELSKY
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5/2/23
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Bank stocks continue to fall following First Republic demise
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Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply …
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By KEN SWEET
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5/2/23
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Chegg's stock plunges on fears of competition from ChatGPT
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Shares of the education technology company Chegg have lost about half their value in a single day. The sell-off came Tuesday after Chegg's CEO warned that OpenAI’s free ChatGPT service was cutting …
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By MATT OTT
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5/2/23
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Shot fired at Memphis TV station; suspect in nearby business
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A Memphis television station says a shot was fired at its building, but no one was wounded. WHBQ, the Fox affiliate in Tennessee’s second-largest city, reported that the shot was fired at about …
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5/2/23
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Debt deadline: White House meeting set, but no solution yet
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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 next week. It’s a first concrete …
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By JOSH BOAK
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5/2/23
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Biden admin asks for 1,500 troops at US-Mexico border
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The Biden administration has requested 1,500 troops for the U.S.-Mexico border amid an expected migrant surge following the end of pandemic-era restrictions. That's according to three administration …
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By COLLEEN LONG, AAMER MADHANI and ZEKE MILLER
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5/2/23
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Opponents make last-ditch effort to stop French pension law
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Opponents of a law that would raise the retirement age in France from 62 to 64 are making last-ditch plans to prevent the change. The country’s main labor unions on Tuesday called for another round …
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By SYLVIE CORBET
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5/2/23
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US job openings dip to 9.6 million, lowest since 2021
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U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. Employers posted 9.6 million vacancies …
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By PAUL WISEMAN
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5/2/23
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'Godfather of AI' leaves Google, warns of tech's dangers
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Geoffrey Hinton, the man widely considered as the “godfather” of artificial intelligence, has left Google — with a message sharing his concerns about potential dangers stemming from the same …
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By MATT O'BRIEN and WYATTE GRANTHAM-PHILIPS
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5/2/23
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Global operation takes down dark web drug marketplace
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European Union law enforcement agency Europol says police around the world have seized an online marketplace and arrested nearly 300 people allegedly involved in buying and selling drugs on the dark …
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By MIKE CORDER
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5/2/23
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Pfizer tops Q1 forecasts; vaccine sales slide as expected
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Pfizer topped Wall Street expectations even as sales of its top-selling COVID-19 vaccine crumbled in the first quarter. The company reported Tuesday that revenue from its Comirnaty vaccine fell 77% …
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By TOM MURPHY
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5/2/23
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HBCUs get donations 178 times lower than Ivy League: study
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The average historically Black college and university received 178 times less funding from foundations than the average Ivy League school in 2019, according to a new report on the underfunding of …
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By GLENN GAMBOA
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5/2/23
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Lyft's new CEO tackles a job requiring some heavy lifting
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Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust …
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By MICHAEL LIEDTKE
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5/2/23
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BP posts $5B quarterly profit on strong oil and gas trading
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British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off. London-based BP said Tuesday that it …
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5/2/23
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Europe's inflation inches up ahead of interest rate decision
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Europe’s painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase. The …
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5/2/23
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Stock market today: Asia shares mixed on holiday mode trade
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Asian shares are mixed with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure. The Nikkei 225 edged up 0.1% in afternoon trading …
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By YURI KAGEYAMA
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5/2/23
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Qantas names chief financial officer Vanessa Hudson next CEO
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Qantas says its chief financial officer Vanessa Hudson will become its next chief executive. Hudson has been with the Australian airline in various roles for 28 years and will replace Alan Joyce in …
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5/1/23
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Chinese electric vehicle brands expand to global markets
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Chinese electric car exporters are starting to compete with global brands in their home markets. They bring fast-developing technology and low prices that Tesla's chief financial officer says “are …
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By JOE McDONALD and YURI KAGEYAMA
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5/1/23
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Lawmakers call on SEC to asses Shein supply chain before IPO
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A group of lawmakers are asking the Securities and Exchange Commission to stop an initial public offering by the fast fashion retailer Shein until it verifies it does not user forced labor from …
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By HALELUYA HADERO
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5/1/23
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