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FILE - A man walks by Pfizer headquarters, Friday, Feb. 5, 2021 in New York. Pfizer reports their earnings on Tuesday, May 2, 2023. (AP Photo/Mark Lennihan, File)
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% … more
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FILE - The school plaque sits at the main entrance to Savannah State University in Savannah, Ga. 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 HBCUs released Tuesday, May 2, 2023. (AP Photo/Russ Bynum, File)
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 … more
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Lyft CEO David Risher poses for a photo at the company's headquarters on Wednesday, March 29, 2023, in San Francisco. Even before he joined Lyft's board in 2021, Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. (AP Photo/Michael Liedtke)
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 … more
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FILE - A logo of BP at a gas station in London, on Nov. 1, 2022. British energy giant BP posted strong quarterly profit numbers on Tuesday May 2, 2023. even as energy prices that soared after Russia's war in Ukraine last year have eased off. London-based BP said it earned $5 billion in underlying replacement cost profit, up from $4.8 billion in the previous quarter. (AP Photo/Kin Cheung, File)
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 … more
FILE - People shop at a market in Versailles, outside Paris, France, on July 3, 2022. 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. Consumer prices jumped 7% in April from a year earlier, just down from the annual rate of 6.9% in March, the European Union statistics agency Eurostat said Tuesday May 2, 2023. (AP Photo/ Christophe Ena, File)
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 … more
A person walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, May 2, 2023, in Tokyo. Asian shares were mixed Tuesday with some markets closed or anticipating holidays and investors showing muted reaction to the latest historic U.S. banking failure. (AP Photo/Eugene Hoshiko)
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 … more
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In this undated photo provided by Qantas, Venessa Hudson poses for a photo. Qantas Group announced on Tuesday, May 2, 2023, that the Australian airline's chief financial officer Hudson will become its next chief executive and managing director, replacing Alan Joyce in November. (Qantas via AP)
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 … more
Ohta, who just bought a brand new BYD ATTO 3 electric sports utility vehicle, poses with his car and a symbolically-made key at a BYD dealership on April 4, 2023, in Yokohama near Tokyo. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and Japanese brands in their home markets. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.” (AP Photo/Eugene Hoshiko)
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 … more
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FILE - The seal of the U.S. Securities and Exchange Commission at SEC headquarters in Washington is seen, June 19, 2015. A bipartisan group of more than a two dozen lawmakers are asking the SEC to put the brakes on an initial public offering by Chinese fast fashion retailer Shein until it verifies it does not use forced labor from the country’s predominantly Muslim Uyghur population. (AP Photo/Andrew Harnik, File)
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 … more
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Rapper Snoop Dogg arrives at the premiere of the FX docuseries "Dear Mama," Tuesday, April 18, 2023, at The Ted Mann Theater in Los Angeles. The series explores the legacies of rapper Tupac Shakur and his mother Afeni. (AP Photo/Chris Pizzello)
Ryan Reynolds, Snoop Dogg in mix to buy Ottawa's NHL team?
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There appears to be celebrity interest in buying the National Hockey League team in Ottawa. Rap impresario Snoop Dogg said in an Instagram post that he was “looking forward” to being part of a … more
People walk past the headquarters of First Republic Bank in San Francisco, Monday, May 1, 2023. Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. (AP Photo/Haven Daley)
Why First Republic failed. Are other banks to follow?
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First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, … more
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Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington. (AP Photo/Manuel Balce Ceneta)
US borrowing increases as standoff over debt continues
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The Treasury Department said Monday it plans to increase its borrowing during the April to June quarter of this year. The increased borrowing comes even as the federal government is close to … more
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FILE - SpaceX's Starship turns after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. The Federal Aviation Administration is being sued by wildlife and environmental groups over SpaceX's launch of its giant rocket from Texas. The lawsuit was filed Monday, May 1, 2023, in federal court in Washington. (AP Photo/Eric Gay)
Environmental groups sue FAA over SpaceX Texas rocket launch
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The Federal Aviation Administration is being sued by wildlife and environmental groups over SpaceX's launch of its giant rocket from Texas. The lawsuit was filed Monday in federal court in … more
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FILE - A worker heads into the JBS meatpacking plant in Greeley, Colo., Oct. 12, 2020. Packers Sanitation Services Inc. (PSSI), the slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws, has continued to lose contracts with the major meat producers since the investigation became public in the fall of 2022. Cargill, Tyson Foods and JBS have all terminated contracts with PSSI at at least some of their plants. (AP Photo/David Zalubowski, File)
Firm that hired kids to clean meat plants keeps losing work
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The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment has continued to lose contracts with the major meat … more
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FILE - Striking writers walk the picket line outside Paramount Studios in Los Angeles on Dec. 13, 2007. Television and movie writers on Monday, May 1, 2023, declared that they will launch an industrywide strike for the first time since 2007, as Hollywood girded for a shutdown in a dispute over fair pay in the streaming era. (AP Photo/Nick Ut, File)
Explainer: What's behind looming Hollywood writers' strike?
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Writers of films and TV shows could go on strike as soon as Tuesday if an agreement on a new contract is not reached with the Alliance of Motion Picture and Television Producers. Last minute talks … more
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President Joe Biden waves after speaking in the Rose Garden of the White House in Washington, Monday, May 1, 2023, about National Small Business Week. (AP Photo/Carolyn Kaster)
Plenty of attacks on the debt cap, but no signs of settling
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President Joe Biden and House Speaker Kevin McCarthy are finding it’s easy to publicly shame each other over the debt limit. Getting along well enough to resolve a paralyzing threat to the U.S. … more
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FILE - The American Airlines logo on top of the American Airlines Center in Dallas, Texas, is pictured on Dec. 19, 2017. Pilots at American Airlines are voting to authorize a strike. That doesn't mean they're going to walk off the job anytime soon, but it does aim to put more pressure on the airline to reach a new contract with the pilots' union. The union said Monday, May 1, 2023 that almost all its members took part in the voting, and that 99% of those who voted authorized the union to call for a strike. (AP Photo/Michael Ainsworth, File)
American Airlines, seeking new contract, vote to OK strike
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Pilots at American Airlines are voting to authorize a strike. That doesn't mean they're going to walk off the job anytime soon, but it does aim to put more pressure on the airline to reach a new … more
File - Nevin Overmiller, 78, walks a KFC food delivery to a customer's door while delivering for Uber Eats, Wednesday, Jan 5, 2021, in Palm Harbor, Fla. Attacks which occurred in Florida last month sent ripples of fear among some app-based drivers, who have long demanded better protection from companies whose safety policies they say are bettered geared toward customers than workers. (Douglas R. Clifford/Tampa Bay Times via AP, File)
Attacks on delivery drivers add fears among gig workers
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Ride-hailing and food delivery companies say extreme violence is rare among the millions of trips completed each week by gig workers. But three attacks in Florida last month sent ripples of fear … more
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A mural is displayed on the wall outside the Lordstown Motors plant, June 22, 2021 in Lordstown, Ohio. Lordstown Motors Corp. says it is in danger of failing because Foxconn is looking to back away from an agreement to invest up to $170 million in the commercial electric vehicle startup. Lordstown said in a regulatory filing on Monday, May 1, 2023 that it received a letter from Foxconn Ventures on April 21 saying that the company was in breach of the investment agreement because it had received a delisting warning from the Nasdaq stock market. (AP Photo/David Dermer, file)
Lordstown warns it may fail as investor Foxconn gets jumpy
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Lordstown Motors  says it is in danger of failing because Foxconn is looking to back away from an agreement to invest up to $170 million in the commercial electric vehicle startup. Lordstown said in … more
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The Supreme Court is seen on Capitol Hill in Washington, Friday, April 14, 2023. (AP Photo/J. Scott Applewhite)
Supreme Court to decide important case on government power
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The Supreme Court says it will decide whether or not to overrule a decades-old decision that has been a frequent target of conservatives and, if overruled, could make it harder to sustain … more
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