Category Business
Toymaker Hasbro laying off 1,000 to cut costs
PAWTUCKET, R.I. — Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025. The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My…
TikTok dismisses calls for Chinese owners to sell stakes
WASHINGTON — TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security. The company was responding…
Tickets for Beyoncé’s 1st concert of world tour sell out
STOCKHOLM — Tickets for the first concert of Beyoncé’s upcoming “Renaissance” world tour sold out Tuesday, and concert management group Live Nation said a second concert in Stockholm was added because of the high demand. The tour starts in Sweden…
Threat of US credit downgrade looms over debt ceiling talks
WASHINGTON — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit. On Wednesday night, the rating agency Fitch put…
The bitcoin bounce: what comes next?
Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days. So why is bitcoin, considered among the riskiest bets of them all, rising so fast?…
The AP Interview: Ukraine FM aims for February peace summit
KYIV, Ukraine — Ukraine’s foreign minister said Monday that his nation wants a summit to end the war but he doesn’t anticipate Russia taking part, a statement making it hard to foresee the devastating invasion ending soon. Ukrainian Foreign Minister…
Texas drove out Chinese firm, not the wind farm it planned
DEL RIO, Texas — Long before a Chinese spy balloon captivated and spooked the U.S. public, Kyle Bass foresaw what he deemed another foreign danger slated for skies above the Texas-Mexico border: wind turbines. Dozens of them, roughly 700 feet…
Teen workers are in high demand for summer and commanding better pay
BOSTON — Teens have long been vital to filling out the summertime staffs of restaurants, ice cream stands, amusement parks and camps.
Teen accused of deliberately crashing U-Haul truck into security barrier at park near White House
WASHINGTON — Police have arrested a Missouri man they believe intentionally crashed a U-Haul truck into a security barrier at a park across from the White House. The box truck’s driver smashed into the barrier near the north side of…