National Business - The Morning Sun

FILE - A traffic light signals green in front of the logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland, on March 19, 2023. Swiss banking giant UBS said Tuesday it took in $28 billion of net new money for its wealth management business in the first quarter, with $7 billion of that coming in the days after the announcement of its government-backed takeover of ailing rival Credit Suisse. (Michael Buholzer/Keystone via AP, File)

UBS reaps $28B in new money amid Credit Suisse fallout

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Swiss bank UBS says it took in $28 billion in new money from wealthy clients in the first three months of the year. The Zurich-based bank said Tuesday that $7 billion of that came in the 10 days … more

By JAMEY KEATEN | 4/25/23

A McDonald's restaurant in Havertown, Pa., Tuesday, April 26, 2022. McDonald's reports earnings on Tuesday, April 25, 2023.(AP Photo/Matt Rourke)

McDonald's first quarter sales boosted by higher prices

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McDonald’s reported higher-than-expected sales in the first quarter as store traffic grew despite higher prices. The Chicago burger giant said Tuesday that its global same-store sales rose 12.6% … more

By DEE-ANN DURBIN | 4/25/23

FILE - People walk by Samsung SDI Co.' booth during the InterBattery 2021, the country's leading battery exhibition, at COEX in Seoul, South Korea, on June 9, 2021. General Motors and South Korea’s Samsung SDI plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States, the companies said Tuesday, April 25, 2023. (AP Photo/Ahn Young-joon, File)

GM, Samsung plan new EV battery cell factory in US

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General Motors and South Korea's Samsung SDI say they plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States. The companies said they were not … more

By TOM KRISHER | 4/25/23

FILE - People look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles. (AP Photo/Jeff Chiu, File)

Central banks end crisis offer as bank system fears ease

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Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the … more

By DAVID McHUGH | 4/25/23

A Waymo driverless taxi drives on the street during a test ride in San Francisco, on Feb. 15, 2023. Cruise, a subsidiary of General Motors, and Waymo, a spinoff from Google, both are on the verge of operating 24-hour services that would transport passengers throughout one of the most densely populated U.S. cities in vehicles that will have no one sitting in the driver’s seat. (AP Photo/Terry Chea)

Big US sales push up GM's 1Q profit; company raises guidance

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Strong sales in the U.S. helped General Motors increase its first-quarter net profit 19% over a year ago. The company raised its full-year profit guidance and says it expects demand for its vehicles … more

By TOM KRISHER | 4/25/23

A man walks near a sign of foreign currency outside a money exchange office at a shopping district in Seoul, South Korea, Tuesday, April 25, 2023. Asian stocks were mixed Tuesday after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth.(AP Photo/Lee Jin-man)

Stock markets today: Asia mixed ahead of US earnings

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Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices … more

By JOE McDONALD | 4/25/23

Coronation plates and cups are displayed for sale in a gift shop in London, Monday, April 24, 2023. The May 6 coronation is luring royal fans and far-flung visitors fascinated by the ceremonial spectacle — and drama — of the monarchy and eager to experience a piece of British history. Tour companies, shops and restaurants are rolling out the red carpet, whether it's a decked-out bus tour of London's top sights boasting high tea or merchandise running from regal to kitschy. (AP Photo/Kin Cheung)

Coronation gives tourism boost, but UK economy still reeling

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The coronation of King Charles III is luring royal fans fascinated by the pageantry, spectacle and drama of the monarchy and far-flung visitors eager to experience a piece of British history. Tour … more

By KELVIN CHAN | 4/25/23

Actor Denzel Washington comes onstage to accept the CinemaCon Lifetime Achievement Award during the Sony Pictures presentation at CinemaCon 2023, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace, Monday, April 24, 2023, in Las Vegas. (AP Photo/Chris Pizzello)

Sony brings Spider-Verse, Denzel, ‘Napoleon’ to CinemaCon

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Sony chairman and CEO Tom Rothman did not hold back on the opening night of CinemaCon. Speaking to a crowd of theater owners and exhibitors, Rothman reminded them Monday night in Las Vegas that Sony … more

By LINDSEY BAHR | 4/25/23

Former Arkansas Gov. Asa Hutchinson speaks during an interview in his office Wednesday, April 19, 2023, in Rogers, Ark.. (AP Photo/Sue Ogrocki)

Hutchinson's launch highlights Arkansas city of Bentonville

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Asa Hutchinson is launching his bid for president in the northwest Arkansas city where he was born and got his start in politics. But the city of Bentonville is vastly different from the sleepy small … more

By ANDREW DeMILLO | 4/25/23

FILE - Tucker Carlson, host of "Tucker Carlson Tonight," poses for photos in a Fox News Channel studio on March 2, 2017, in New York. (AP Photo/Richard Drew, File)

Carlson latest in string of high-profile Fox News oustings

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Tucker Carlson has been ousted by Fox News, where he hosted the conservative cable network’s most popular program. Carlson is the latest high-profile figure to be forced out. Others who had a … more

4/24/23

FILE - A Union Pacific train engine sits in a rail yard on Sept. 14, 2022, in Commerce, Calif. Three major freight railroads, including Union Pacific, responded Monday, April 24, 2023, to the Canadian Pacific-Kansas City Southern merger with an agreement to work together on a competing service to carry shipments across North America. (AP Photo/Ashley Landis, File)

3 railroads join up to compete with CPKC to serve Mexico

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Three major freight railroads are responding to the recent Canadian Pacific-Kansas City Southern merger. They are agreeing to work together on a competing service to carry shipments across North … more

By JOSH FUNK | 4/24/23

FILE - Tucker Carlson attends the final round of the Bedminster Invitational LIV Golf tournament in Bedminster, N.J., Sunday, July 31, 2022. Fox News says it has agreed to part ways with Tucker Carlson, less than a week after settling a lawsuit over the network’s 2020 election reporting. The network said in a press release Monday that the popular and controversial prime-time host's last program aired on Friday. (AP Photo/Seth Wenig, File)

Defamation suit produced trove of Tucker Carlson messages

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Dominion Voting Systems' lawsuit against Fox News didn't go to trial, but still revealed plenty of what Fox personalities, including Tucker Carlson, had been saying about false 2020 election claims. … more

By The Associated Press | 4/24/23

FILE - A television screen displaying financial news, including the stock price of First Republic Bank, is seen inside one of the bank's branches in New York's Financial District, on March 16, 2023. Customers of the bank pulled more than $100 billion in deposits out of the bank during the March crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Mary Altaffer, File)

First Republic clients pulled $100B in deposits during panic

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Depositors at First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis. That came as fears swirled that it could be the third bank to fail after the … more

By KEN SWEET | 4/24/23

FILE - The Lavender pit mine, where a copper operation stopped in 1974, sits outside Bisbee, Ariz., on May 12, 2019. A Nevada Democrat and an Idaho Republican expect to introduce a Senate bill Tuesday, April 25, 2023, to ensure mining companies can use lands neighboring their federal claims to dump waste as they always had before a U.S. appeals court adopted a stricter interpretation last year of a 150-year-old law. (AP Photo/Anita Snow, File)

Planned Senate bill would counteract Mining Law ruling

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A Nevada Democratic U.S. senator wants Congress to step in to ensure mining companies can use established mineral claims to dump waste on neighboring federal lands. Federal agencies had allowed that … more

By SCOTT SONNER | 4/24/23

Appeals court upholds Apple's control of iPhone app store

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An appeals court has upheld Apple’s exclusive control over the distribution of iPhone apps. In its ruling Monday, the court rejected the latest attempt to force one of the world’s most powerful … more

By MICHAEL LIEDTKE | 4/24/23

This photo provided by OpenAI shows Mira Murati, Chief Technology Officer of OpenAI. Murati leads OpenAI's research, product and safety teams. (OpenAI via AP)

Insider Q&A: OpenAI CTO Mira Murati on shepherding ChatGPT

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OpenAI was building a reputation in the artificial intelligence field but wasn’t a household name when Mira Murati joined the nonprofit research lab in 2018. Soon after, the San Francisco lab … more

By MATT O'BRIEN | 4/24/23

FILE - A Brightline train is shown at a station in Fort Lauderdale, Fla., on Jan. 11, 2018. A bipartisan congressional group from Nevada and California asked the Biden administration on Monday, April 24, 2023, to fast-track federal funds for Brightline, a private company, to build a high-speed rail line between Las Vegas and the Los Angeles area. (AP Photo/Wilfredo Lee, File)

Vegas-to-California high-speed train gets bipartisan backing

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A bipartisan congressional group from Nevada and California is asking the Biden administration to fast-track federal funds for a private company to build a high-speed rail line between Las Vegas and … more

By KEN RITTER | 4/24/23

FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don't want the government of the world's largest economy to default. But President Joe Biden has resisted McCarthy's calls for negotiations, while McCarthy is pushing a plan that can't pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File)

What's behind the looming 'x-date' on the US debt limit?

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In January, the U.S. government ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default. That … more

By JOSH BOAK | 4/24/23

From left: European Commission President Ursula von der Leyen, Norway's Prime Minister Jonas Gahr Store and Belgium's Prime Minister Alexander De Croo wave during the North Sea Summit in Ostend, Belgium, Monday, April 24, 2023. Leaders gather on Monday in the hopes of expanding a collective ambition to harness the full energy and industrial potential of the North Sea and make it the largest powerhouse of Europe by 2050. (AP Photo/Geert Vanden Wijngaert)

European leaders commit to more wind energy production

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A group of Western European nations led by Germany and France are committing to massively ramp up the production of clean energy from wind turbines in the North Sea. They want to both meet climate … more

By RAF CASERT | 4/24/23

FILE - Don Lemon attends the 15th annual CNN Heroes All-Star Tribute at the American Museum of Natural History on Sunday, Dec. 12, 2021, in New York. (Photo by Evan Agostini/Invision/AP, File)

Don Lemon, longtime CNN host, out at cable news network

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Longtime CNN host Don Lemon is out at the cable news network a little over two months after apologizing to viewers for on-air comments about Republican presidential candidate Nikki Haley. CNN … more

By DAVID BAUDER | 4/24/23