National Business - The Morning Sun

Speaker of the House Kevin McCarthy, R-Calif., talks to reporters just after the Republican majority in the House narrowly passed a sweeping debt ceiling package as they try to push President Joe Biden into negotiations on federal spending, at the Capitol in Washington, Wednesday, April 26, 2023. (AP Photo/J. Scott Applewhite)

Debt ceiling: McCarthy wins 1st round, Biden eyes long game

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Speaker Kevin McCarthy surprised Washington when he united the raucous House Republican majority to pass a sweeping debt ceiling package. Next moves are more difficult, and uncertain. McCarthy's … more

By LISA MASCARO and KEVIN FREKING | 4/27/23

Gilberto Leal, an employee of the theater company Cinemaxx in Brazil, reads his cell phone in between advertisements for the upcoming films "Fast X" and "Teenage Mutant Ninja Turtles: Turtles Mutant Mayhem" on the opening day of CinemaCon 2023, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace, Monday, April 24, 2023, in Las Vegas. The four-day convention runs through Thursday. (AP Photo/Chris Pizzello)

Rihanna, Martin Scorsese hype Paramount movies at CinemaCon

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Paramount Pictures, still riding high on the success of “Top Gun: Maverick’s” nearly $1.5 billion in worldwide ticket sales, brought a slew of stars from Rihanna to Martin Scorsese to CinemaCon … more

By LINDSEY BAHR | 4/27/23

FILE - Jerry Apodaca, right, laughs while listening to Senator Ted Kennedy speak at a community college in Santa Fe, New Mexico in 2008. Apodaca, a Democrat who became New Mexico's first Hispanic governor in 54 years when he took office in 1975, died at his home in Santa Fe on Wednesday, April 26, 2023, after what may have been a stroke, his son Jeff Apodaca said. He was 88. (Jane Phillips/Santa Fe New Mexican via AP, File)

Former New Mexico governor remembered as Hispanic role model

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Former New Mexico Gov. Jerry Apodaca, who reorganized the state’s government into a cabinet-based system in the mid-1970s, has died. He was 88. His family said he died at his home in Santa Fe on … more

Associated Press | 4/27/23

Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023. (AP Photo/Jose Luis Magana)

Fed's Powell was tricked by fake call from Russia pranksters

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Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to … more

By CHRISTOPHER RUGABER | 4/27/23

What to know about prescription drugs promising weight loss

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Obesity is a major and growing problem around the world, but especially in the U.S. Researchers have long looked for medications that can help people lose weight, mostly with disappointing and, in … more

By JONEL ALECCIA | 4/27/23

Los Angeles skyline is seen above the Union Pacific LATC Intermodal Terminal is seen on Tuesday, April 25, 2023 in Los Angeles. California's Air Resources Board is set to vote on a rule to cut greenhouse gas and smog-forming emissions from diesel-powered locomotives used to pull rail cars through ports and railyards. (AP Photo/Damian Dovarganes)

California to vote on ambitious locomotive emission rule

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The California Air Resources Board plans to vote on a first-in-the-nation, ambitious rule limiting rail pollution. The goal is to drastically cut greenhouse gas emissions from locomotives. The … more

By SOPHIE AUSTIN | 4/27/23

FILE - A sign for the GAP is seen on a storefront in Pittsburgh, Jan. 12, 2022. Gap is laying off 1,800 corporate workers as the struggling chain cuts costs in a bid to become more nimble. In a regulatory filing Thursday, April 27, 2023, the San Francisco-based chain, which also owns Banana Republic, Old Navy and Athleta, said employees in its headquarters as well as upper field positions such as regional store managers, will be impacted. (AP Photo/Gene J. Puskar, File)

Gap cuts 1,800 corporate jobs amid sales slump

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Gap is laying off 1,800 corporate workers, roughly three time the number it laid off last fall as the struggling chain cuts costs in a bid to become more nimble. The announcement follows numerous job … more

By ANNE D'INNOCENZIO | 4/27/23

FILE - An American Airlines plane at LaGuardia Airport's Terminal B, Tuesday, Nov. 22, 2022, in New York. American Airlines reports earnings on Thursday, April 27, 2023. (AP Photo/Julia Nikhinson)

After weak start to year, airlines expect profitable summer

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Most U.S. airlines lost money in the first quarter, traditionally the weakest time of year for travel, but they are all eagerly looking ahead to a summer of full planes and high fares. American … more

By DAVID KOENIG | 4/27/23

This combination of photos provided by Matthew Barlow shows him in November 2022, left, and April 2023 in California. Barlow, a 48-year-old health technology executive, said he has lost more than 100 pounds since November by using the drug Mounjaro and changing his diet. (Courtesy Matthew Barlow via AP)

Powerful new obesity drug poised to upend weight loss care

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A diabetes drug being tested for weight loss is poised to further upend obesity care. Drugmaker Eli Lilly and Co. reported Thursday that its drug tirzepatide helped people with diabetes who were … more

By JONEL ALECCIA | 4/27/23

A miner pulls back the wire fence near the shearer at the mining face of Xiaobaodang Coal Mine near the city of Shenmu in northwestern China's Shaanxi province on Wednesday, April 26, 2023. China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem frequent accidents and collapses. Huawei Technologies Ltd., better known for telecommunications equipment and the target of U.S. sanctions, has pivoted to other industries including self-driving cars, factories and mines. (AP Photo/Ng Han Guan)

China pushes to digitize mines in attempt to make them safer

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SHENMU, China (AP) — China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem … more

By HAN GUAN NG | 4/27/23

People wait for crossing a street in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, April 27, 2023, in Tokyo. Asian shares mostly fell Thursday, echoing the drop on Wall Street, as worries about the U.S. banking sector and inflationary pressures weighed on investor sentiment.(AP Photo/Eugene Hoshiko)

Stock market today: Asian shares rise despite banking fears

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Asian shares have mostly advanced despite lingering worries about the U.S. banking sector and inflationary pressures. Benchmarks rose in afternoon trading in Tokyo, Seoul, Hong Kong and Shanghai but … more

By YURI KAGEYAMA | 4/27/23

Australian Home Affairs Minister Clare O'Neil addresses the National Press Club in Canberra, Thursday, April 27, 2023. Australia will end a decade-old freeze on the minimum wage paid for skilled migrant workers as part of an overhaul of what the government described as a "broken" migration system that fosters exploitation and favors attracting low-paid employees over filling critical skill shortages. (Lukas Coch/AAP Image via AP)

Australia lifts minimum wage for skilled migrant workers

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Australia will end a decade-old freeze on the minimum wage for skilled migrant workers as part of an overhaul of what the government describes as a broken migration system. It says the current system … more

By ROD McGUIRK | 4/27/23

Virginia Governor Glenn Youngkin accompanying with U.S. Ambassador to Japan Rahm Emanuel and Micron Executive Vice President Manish Bhatia, both not in picture, speaks during a news conference about U.S.-Japan cooperation on economic issues, including the semiconductor supply chain Thursday, April 27, 2023, in Tokyo. Virginia Gov. Youngkin, in a bid to lure more Japanese chip makers to invest in his state, said Thursday he hopes to forge “trusted supply chain relationships” with U.S. allies and friends to create supply chains that are not China-dependent.(AP Photo/Eugene Hoshiko)

Youngkin in Japan to forge supply chains with 'friends'

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Virginia Gov. Glenn Youngkin has said while visiting Tokyo that he hopes to forge “trusted supply chain relationships” with U.S. allies and friends to create supply chains that are not … more

By MARI YAMAGUCHI | 4/27/23

File - A steel worker inspects a 155 mm M795 artillery projectile during the manufacturing process at the Scranton Army Ammunition Plant in Scranton, Pa., Thursday, April 13, 2023. On Thursday, the Commerce Department issues its first of three estimates of how the U.S. economy performed in the first quarter of 2023. (AP Photo/Matt Rourke, File)

US economic growth likely slowed in January-March quarter

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Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year. From employers to consumers, the picture was one of surprising resilience. This year … more

By PAUL WISEMAN | 4/27/23

An attendee walks past advertisements for upcoming films on the opening day of CinemaCon 2023, the official convention of the National Association of Theatre Owners (NATO) at Caesars Palace, Monday, April 24, 2023, in Las Vegas. The four-day convention runs through Thursday. (AP Photo/Chris Pizzello)

Excitement builds for Nolan's 'Oppenheimer' at CinemaCon

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Universal started out its CinemaCon presentation with the big one Wednesday in Las Vegas: New footage from Christopher Nolan’s “Oppenheimer.” The Universal team, including filmed entertainment … more

By LINDSEY BAHR | 4/26/23

Budtender Taylor Altshule holds Cherry Pie marijuana at a California Street Cannabis Company location in San Francisco, Monday, March 20, 2023. Twitter under its 420-friendly owner Elon Musk earlier this year became the first major social media company to allow cannabis advertisements. Now, the platform is relaxing those rules in an attempt to lure in more advertisers from U.S. states where marijuana is legal. (AP Photo/Jeff Chiu)

Twitter relaxes pot ad rules to lure in more advertisers

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Twitter under its 4/20-friendly owner Elon Musk earlier this year became the first major social media company to allow cannabis advertisements. Now, the platform is relaxing those rules in an attempt … more

By BARBARA ORTUTAY | 4/26/23

FILE - NFL Commissioner Roger Goodell interacts with fans during the 2022 NFL Draft in Las Vegas, Saturday, April 30, 2022. Despite opposition from the major sports leagues, the high court overturned a federal law – the 1992 Professional Amateur Sports Protection Act – that had barred betting on football, basketball, baseball and other sports in most states. (AP Photo/Doug Benc, File)

NFL, other leagues balancing betting revenue, game integrity

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The NFL and other sports leagues spent many years staying as far away as they could from sports betting because they said it was necessary to protect the integrity of their games. Those entities now … more

By MARK ANDERSON | 4/26/23

Facebook parent Meta posts solid 1Q results, stock soars

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Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue while the monthly user base of its flagship platform inched close to 3 … more

By BARBARA ORTUTAY | 4/26/23

FILE - Visitors passing an advertisement for the video game 'Call of Duty' at the Gamescom fair for computer games in Cologne, Germany, Tuesday, Aug. 22, 2017. British regulators have blocked Microsoft's $69 billion deal to buy videogame maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market. (AP Photo/Martin Meissner, File)

Explainer: Is Microsoft still buying Activision Blizzard?

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It’s not “game over” yet for Microsoft’s quest to buy the video game maker Activision Blizzard, but the software giant is starting to run out of clear pathways to complete its $69 billion … more

By MATT O'BRIEN | 4/26/23

Amazon axes 'Halo' fitness devices in cost-cutting move

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Amazon is winding down its health-focused Halo devices and membership as the tech giant continues to cut costs. The company told customers on Wednesday that it will issue refunds to anyone who … more

By HALELUYA HADERO | 4/26/23