National Business - The Morning Sun

Amazon Prime Day is a major cause of injuries for warehouse workers, Senate review says

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A report released by Senator Bernie Sanders says Amazon’s popular Prime Day sales event has been “a major cause of injuries” for warehouse workers who pick and pack customer orders at the … more

By HALELUYA HADERO | 7/16/24

FILE - Mustafa Suleyman co founder and CEO of Inflection AI speaks to journalist during the AI Safety Summit in Bletchley Park, Milton Keynes, England, on Nov. 1, 2023. The Competition and Markets Authority said Tuesday, July 16, 2024 that its review of the hirings from Inflection AI turned up “sufficient information” to open an investigation. Microsoft hired Inflection's co-founder and CEO Mustafa Suleyman to head up its consumer artificial intelligence business, along with several top engineers and researchers. (AP Photo/Alastair Grant)

Microsoft faces UK competition investigation over hiring of AI startup's founder and key staff

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British regulators have opened a preliminary investigation into Microsoft’s hiring of an AI startup’s key staff over concerns that it could thwart competition in the booming artificial … more

By KELVIN CHAN | 7/16/24

FILE - People shop at Taikoo Li Sanlitun shopping center in Beijing, China, on July 2, 2024. On Tuesday, July 16, 2024, the International Monetary Fund issues an update to its World Economic Outlook, a forecast for the global economy and major nations. (AP Photo/Vincent Thian, File)

IMF's economic view: Brighter outlook for China and India but tepid global growth

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The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide … more

By PAUL WISEMAN | 7/16/24

Binaifer Nowrojee, the president of the Open Society Foundations, poses for a portrait in her organization's offices, Monday, July 15, 2024, in Washington. OSF made its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development. (AP Photo/Mark Schiefelbein)

Soros' Open Society Foundations say their restructuring is complete and pledge $400M for green jobs

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Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development. OSF is the … more

By THALIA BEATY | 7/16/24

A Bank of America ATM is seen, Wednesday, Feb. 3, 2021, in Winchester, Mass. Bank of America said Tuesday, July 16, 2024, its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America saw a resurgence of activity in its investment banking division, which helped make up for some of the weakness in other parts of the business. (AP Photo/Elise Amendola)

Bank of America Q2 profits drop as higher interest rates slow down lending

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Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of … more

By KEN SWEET | 7/16/24

FILE - Craig Wright arrives at the Rolls Building in London for a hearing over the identity of the creator of Bitcoin, in London, Feb. 23, 2024. Wright, an Australian computer scientist found to have falsely claimed to be the mysterious creator of the bitcoin cryptocurrency, will be referred to British prosecutors for possible perjury and forgery charges, a London judge said Tuesday, July 16, 2024. (Lucy North/PA via AP)

An Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjury

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A London judge who found that an Australian computer scientist falsely claimed to be the mysterious creator of the bitcoin cryptocurrency says he will refer the case to British prosecutors for … more

By BRIAN MELLEY | 7/16/24

FILE - A sign stands on UnitedHealth Group Inc.'s campus in Minnetonka, Minn., Oct. 16, 2012. UnitedHealth Group topped second-quarter expectations but stayed cautious on its outlook for the year as it continued to eat costs from a massive cyberattack to its Change Healthcare business. The health care giant said Tuesday, July 16, 2024, it still expects adjusted earnings to fall between $27.50 and $28 in 2024, an outlook it first predicted last fall. (AP Photo/Jim Mone, File)

UnitedHealth has a strong second quarter, but cyberattack keeps it cautious on outlook for the year

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UnitedHealth Group topped second-quarter expectations but stayed cautious on its outlook for the year, as it continued to eat costs from a massive cyberattack to its Change Healthcare business. The … more

By TOM MURPHY | 7/16/24

Walmart retools its young adult clothing line in pursuit of fashion credibility

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Walmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America. Now, the nation’s largest retailer is seizing the back-to-school … more

By ANNE D'INNOCENZIO | 7/16/24

Hong Kong is testing out its own ChatGPT-style tool as OpenAI planned extra steps to block access

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Hong Kong’s government is testing its own ChatGPT-style tool for its employees, with plans to eventually make it available to the public. The city's innovation minister discussed the project after … more

By KANIS LEUNG | 7/16/24

Amazon Prime Day is a big event for scammers, experts warn

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Amazon Prime Day is here. And experts are reminding consumers to be wary of scams. Deceptions such as phony emails from people impersonating online retailers like Amazon are nothing new. But the … more

By WYATTE GRANTHAM-PHILIPS and HALELUYA HADERO | 7/16/24

Republican presidential candidate former President Donald Trump and Republican vice presidential candidate Sen. JD Vance, R-Ohio, attend the first day of the Republican National Convention, Monday, July 15, 2024, in Milwaukee. (AP Photo/Evan Vucci)

On an unusually busy news day, did the assassination attempt's aftermath change the media tone?

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In a typical presidential campaign, Donald Trump's selection of J.D. Vance as his running mate on the Republican ticket would have dominated media discussions for a week or two. But it was just one … more

By DAVID BAUDER | 7/15/24

Israeli drone strike along Lebanon-Syria border kills Syrian businessman close to the government

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An Israeli drone strike on a car near the Lebanon-Syria border has killed a prominent Syrian businessman who was sanctioned by the United States and had close ties to the government of Syria’s … more

By BASSEM MROUE and KAREEM CHEHAYEB | 7/15/24

Thailand's Prime Minister Srettha Thavisin, delivers his speech during the Soft Power Forum in Bangkok, Thailand, Monday, June 28, 2024. Thailand's prime minister said Monday July 15, 2024 that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy. (AP Photo/Sakchai Lalit)

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens

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Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is … more

By JINTAMAS SAKSORNCHAI | 7/15/24

FILE - Bolivian President Luis Arce addresses an assembly of farm workers from the Confederation of Intercultural People of Bolivia in La Paz, Bolivia, Oct. 3, 2023. Arce announced on Monday, July 15, 2024, the discovery of a new natural gas and oil field in northern La Paz. (AP Photo/Juan Karita, File)

Bolivia's beleaguered president announces natural gas discovery, promising a boon for the country

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Bolivia’s embattled president has announced the discovery of vast natural gas reserves just north of the capital, describing it as the biggest find in nearly two decades that could help the … more

7/15/24

FILE - The Goldman Sachs headquarters in New York is shown on Jan. 24, 2023. Goldman Sachs reports earnings on Monday, July 15, 2024. (AP Photo/Peter Morgan, File)

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

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Goldman Sachs has posted a 150% jump in its second quarter profits. Its bottom line was helped by a resurgence of dealmaking and underwriting that has revived investment banking after the slowdown of … more

By KEN SWEET | 7/15/24

Donald Trump announced that Sen. JD Vance, (R) Ohio, will be his running mate and vice-presidential candidate in the 2024 presidential election.

'Hillbilly Elegy': JD Vance's rise to vice presidential candidate began with a bestselling memoir

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At the heart of J.D. Vance’s journey from venture capitalist to vice presidential candidate is a memoir he first thought of in graduate school, “Hillbilly Elegy.” Vance’s bestseller about his … more

By HILLEL ITALIE | 7/15/24

President Joe Biden speaks from the Roosevelt Room of the White House in Washington, Sunday, July 14, 2024, about the apparent assassination attempt of former President Donald Trump at a campaign rally in Pennsylvania. (AP Photo/Susan Walsh)

Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation

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President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords. That's according to a person familiar with the plan who insisted on anonymity to discuss the … more

By JOSH BOAK | 7/15/24

FILE - Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington. On Monday, July 15, 2024, Musk appeared to confirm a report that the company's much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. (AP Photo/Susan Walsh, File)

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change

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Tesla CEO Elon Musk appears to be confirming a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. Musk didn’t give a new date, … more

7/15/24

FILE - People gather on Wickie Wackie Beach in Kingston, Jamaica, Oct. 2, 2016. Deliberations over how and if to allow deep sea mining unfolded Monday, July 15, 2024, as the U.N. International Seabed Authority, based in Jamaica, resumed talks over a proposed mining code after the last meeting in March 2024. (AP Photo/Eduardo Verdugo, File

UN body that regulates the deep sea tackles proposed mining code amid growing concerns

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Tense deliberations over how and if to allow deep sea mining are unfolding in Jamaica as at least one company threatens to apply for permission before rules and regulations are in place. More than … more

By DÁNICA COTO | 7/15/24

FILE - A Mayan Train worker waits for passengers to board in Cancun, Mexico, Wednesday, March 6, 2024. When it's completed, the high-speed Maya Train will wind around Mexico's southern Yucatan peninsula. (AP Photo/Rodrigo Abd, File)

Mexico's costly Maya Train draws few passengers in its first six months of partial operation

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The pet rail project of President Andrés Manuel López Obrador could wind up costing as much as $30 billion. The Maya Train is only half finished as he heads into the final two months of his term … more

By MARÍA VERZA | 7/15/24