×

Business

Deadly crash of a Boeing jet in Iran adds to company’s woes

Still reeling from a crisis involving its long-grounded Max jet, Boeing faces new questions after an earlier model of the 737 crashed Wednesday in Iran. It is too early to know what caused the crash and whether Boeing bears any responsibility for the lives of all 176 people who died aboard ...

US stocks jump, oil reverses course as markets exhale

NEW YORK (AP) — Markets unclenched on Wednesday, and U.S. stocks neared records on hopes that the United States and Iran are backing away from the edge of war. The rally capped a whirlwind day of reversals that swept through markets around the world. Stocks initially reeled after Iran fired ...

Hollywood-backed Quibi thinks you’ll be paying for its video bites

LAS VEGAS (AP) — A startup heavily backed by Hollywood is wagering that you’re ready to set aside YouTube and TikTok to watch star-studded short videos on your phone — for a price. The company behind this billion-dollar bet is Quibi (KWIH-bee), which is preparing to offer movies, ...

Commercial airlines reroute flights amid US-Iran tensions

NEW DELHI (AP) — Commercial airlines are rerouting flights throughout the Middle East to avoid potential danger during heightened tensions between the United States and Iran. Jumbled schedules could affect as many as 15,000 passengers per day, lengthen flight times by an average of 30 to 90 ...

US stock indexes slip, but rush for safety slows

NEW YORK (AP) — U.S. stocks mostly fell on Tuesday, but the big rush for safety that coursed through global markets after the United States killed a top Iranian general on Friday slowed. Gold’s momentum eased a day after touching its highest price in nearly seven years, several Asian and ...

Japan issues arrest warrant for Nissan ex-chair’s wife

TOKYO (AP) — Tokyo prosecutors obtained an arrest warrant Tuesday for former Nissan chairman Carlos Ghosn’s wife on suspicion of perjury, adding to the couple’s legal troubles in the country where he once was revered as a star executive. The move against Carole Ghosn, who is not in ...

Sex tech from female-led startups at CES gadget show

LAS VEGAS (AP) — Sex tech is gracing the CES gadget show in Las Vegas this week after organizers endured scorn for revoking an innovation award to a sex device company led by a female founder. CES is allowing space for sex tech companies as a one-year trial. At the show, such companies were ...

Gold climbs on war worries; US stocks shake off early loss

NEW YORK (AP) — Gold touched its highest price in nearly seven years Monday as investors sought safety amid worries that rising U.S.-Iran tensions could lead to war. Stocks in Asia and Europe retreated as dollars flowed out of riskier investments, but the U.S. market shook off its morning ...

Country oil price keeps rising as industry eyes Iran-US conflict

PROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a ...

Japan vows to improve border checks, bail after Ghosn escape

TOKYO (AP) — Japan’s justice minister vowed Monday to strengthen border checks and review bail conditions after Nissan’s former chairman, Carlos Ghosn, fled the country despite supposedly stringent surveillance. Masako Mori told reporters at a news conference that the ministry has ...