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Business

FILE - People try out iPhone products at an Apple Store in Beijing, Sept. 28, 2021. A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services. (AP Photo/Andy Wong, file)

Judge grills Apple exec about whether company is defying order to enable more iPhone payment options

A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services.
 
FILE - Solar panels work near the small town of Milagro, Navarra Province, northern Spain, Feb. 24, 2023. Billions of people are using different kinds of energy each day and 2023 was a record-breaking year for renewable energy sources, according to a report published Wednesday, May 8, 2024, by Ember, a think tank based in London. (AP Photo/Alvaro Barrientos, File)

Global clean energy just set a record. These 5 charts show how

 
President Joe Biden delivers remarks on his "Investing in America agenda" at Gateway Technical College, Wednesday, May 8, 2024, in Sturtevant, Wis. (AP Photo/Morry Gash)

Biden lauds new Microsoft center on the same site where Trump’s Foxconn project failed

 
FILE - Taylor Swift performs at the Monumental stadium during her Eras Tour concert in Buenos Aires, Argentina, Nov. 9, 2023. Swift is scheduled to kick off the 18-city Europe leg of her record-setting Eras Tour on Thursday, May 9, 2024. (AP Photo/Natacha Pisarenko, File)

Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there

 
FILE - The FTX logo appears on home plate umpire Jansen Visconti's jacket at a baseball game with the Minnesota Twins on Sept. 27, 2022, in Minneapolis. Failed cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, and some will get more than that, according to its reorganization plan. FTX said in a court filing Tuesday, May 7, 2024 that it owes about $11.2 billion to its creditors. (AP Photo/Bruce Kluckhohn, File)

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

 

Topics

Financial Markets

Steam rises from a vent at a work site near the New York Stock Exchange, center, on Wednesday, May 8, 2024, in New York. World shares are mostly higher after U.S. stocks held relatively steady on Wall Street. (AP Photo/Peter Morgan)

Stock market today: Wall Street’s lull stretches to a second day as indexes finish mixed

 

  1. Stock market today: Asian shares mixed after calm day on Wall St

  2. Stock market today: Asian shares mostly higher, though China benchmarks falter

  3. Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

Personal Finance

FILE - Social Security Administration commissioner Martin O'Malley testifies on Capitol Hill, March 20, 2024, in Washington. The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according the annual Social Security and Medicare trustees report released Monday, May 6, 2024. O'Malley called the report "a measure of good news," but said, "Congress still needs to act in order to avoid what is now forecast to be, in absence of their action, a 17% cut to people's Social Security benefits." (AP Photo/Mariam Zuhaib, File)

Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’

 

  1. 140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear

  2. How US changes to ‘noncompete’ agreements and overtime pay could affect workers

  3. Surging auto insurance rates squeeze drivers, fuel inflation

Economy

FILE - The European Central Bank is reflected in the river Main in Frankfurt, Germany, March 21, 2024. Europe’s economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter as the inflation burden on consumers eased and the stagnating German economy, the continent’s biggest, started to show modest signs of life. (AP Photo/Michael Probst, File)

Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

 

  1. Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping

  2. JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

  3. Stock market today: Asian benchmarks mostly climb despite worries about US economy

Tech

FILE - The Airbnb app icon is seen on an iPad screen on May 8, 2021, in Washington. Airbnb reports earnings on Wednesday, April 8, 2024. (AP Photo/Patrick Semansky, File)

Airbnb shares slide on lower revenue forecast despite a doubling of net income

 

  1. Kai Cenat’s riot charges dropped after he apologizes and pays for Union Square mayhem

  2. A timeline of the collapse at FTX

  3. We know late-night screens are bad for sleep. How do you stop doomscrolling in bed?

More news

FILE - Beyond Meat products are seen in a refrigerated case inside a grocery store in Mount Prospect, Ill., Feb. 19, 2022. Beyond Meat reports earnings on Wednesday, May 8, 2024. (AP Photo/Nam Y. Huh, File)

Beyond Meat revenue falls in Q1 on weak demand for plant-based meat in US and abroad

Beyond Meat is reporting higher-than-expected revenue in the first quarter despite lower demand for its plant-based meats in the U.S. and abroad.
 

How major US stock indexes fared Wednesday, 5/8/2024

Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day.
 
FILE - Las Vegas Aces forward Candace Parker reacts during the first half of a WNBA basketball game against the Seattle Storm, May 20, 2023, in Seattle. The three-time WNBA champion has announced she's retiring. Parker, a two-time league MVP, announced in a social media post on Sunday, April 28, 2024 that she's ending her career after 16 seasons. (AP Photo/Lindsey Wasson, File)

Candace Parker takes a new job with Adidas after retiring from a 16-year WNBA career

Candace Parker has a new job as president of women’s basketball at Adidas. The three-time WNBA champion announced her retirement as a player on April 28 after 16 seasons.
 

Top water official in New Mexico to retire as state awaits decision in Rio Grande case

New Mexico’s top water official will be stepping down next month, wrapping up a career that has spanned four decades.
 
FILE -- A banner hangs during a ceremony announcing a proposed $300 million expansion of Google's data center operations Tuesday, June 2, 2015, in Lithia Springs, Ga. Georgia Gov. Brian Kemp on Tuesday, May 7, 2024, vetoed a bill that would have suspended tax breaks for new and expanding data centers. (AP Photo/David Goldman, file)

Georgia lawmakers vowed to restrain tax breaks. But the governor’s veto saved a data-center break

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing. Gov.
 
South Carolina Sen. Michael Johnson, R-Fort Mill, left, talks to Sen. Tom Davis, R-Beaufort, as the Senate debates whether to ban gender-affirming care for transgender minors was this in Columbia, S.C., Wednesday, May 2, 2024. (AP Photo/Jeffrey Collins)

South Carolina Senate turns wide-ranging energy bill into resolution supporting more power

A bill passed by the South Carolina House that power companies said is vital to keep the lights on in the state has been turned into an expression of support in the Senate.
 

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery rose 61 cents to $78.99 per barrel Wednesday. Brent crude for July delivery rose 42 cents to $83.58 per barrel.
 
FILE - The sign for Norwood Hospital, a Steward Health Care hospital, is seen, June 29, 2020, in Norwood, Mass. Steward Health Care said it plans to sell off all its hospitals after announcing on Monday, May 6, 2024, that it filed for bankruptcy protection. (AP Photo/Steven Senne, File)

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection.
 
File - A worker counts money at a grocery store in Buenos Aires, Argentina, Nov. 21, 2023. Prices have surged so dramatically that the government has multiplied the size of its biggest banknote in circulation to 10,000 peso note, five times the value of the previous biggest bill, according to the central bank on May 8, 2024, and the new bill is expected circulate in June. (AP Photo/Natacha Pisarenko, File)

With inflation soaring, Argentina will start printing 10,000 peso notes

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10.
 
FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. This week, the Internal Revenue Service held a public hearing to discuss plans to regulate DAFs. (AP Photo/Patrick Semansky, File)

The $230 billion donor-advised fund industry gets an IRS hearing

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes.
 
FILE - The Ottawa, Ontario, headquarters of Canadian e-commerce company Shopify is seen, May 29, 2019. Shopify's stock is poised to potentially tumble to an all-time low Wednesday, May 8, 2024, as the company gave a disappointing second-quarter forecast that includes easing revenue growth and thinner margins. (Justin Tang/The Canadian Press via AP, File)

Shopify’s shares tumble on weak outlook after a very strong start to 2024

Shopify’s stock is poised to potentially tumble to an all-time low on Wednesday as the Canadian company gave a disappointing second-quarter forecast that includes easing revenue growth and thinner margins.
 

Gambling legislation remains stalled in session’s closing hours

Gambling legislation remains stalled in the Alabama Legislature as the 2024 session winds down. Supporters have been unable to break a stalemate in the state Senate after the measure failed by one vote last week.
 
FILE - Elaine Vallaster reacts to a winning spin while playing an internet slots game on her tablet in Hazlet, N.J. on Friday, Nov. 24, 2023. Internet gambling is currently offered in seven states but has been slow to catch on more widely in the U.S. (AP Photo/Wayne Parry, File)

Slow to expand, internet casino gambling is the future of US betting, industry execs say

Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos.
 
Carl Skau, deputy executive director of the U.N. World Food Program (WFP), speaks during an interview with The Associated Press as he tours a WFP warehouse stocking food rations in the northern Beirut suburb of Dekwaneh, Lebanon, Wednesday, May 8, 2024. If the monthslong conflict playing out on the Lebanese-Israeli border continues to escalate, the United Nations food agency won't be ready for the spike in nutritional needs across crisis-hit Lebanon, its deputy executive director said Wednesday. (AP Photo/Bilal Hussein)

UN food agency fears an escalation on the Lebanese-Israeli border can cripple aid efforts in Lebanon

The United Nations food agency’s deputy executive director says if the monthslong conflict playing out on the Lebanese-Israeli border continues to escalate, the agency won’t be ready for the spike in nutritional needs across crisis-hit Lebanon.
 

Uber, Shopify fall; Lyft, Arista Networks rise, Wednesday, 5/8/2024

Stocks that traded heavily or had substantial price changes on Wednesday: Uber, Shopify fall; Lyft, Arista Networks rise.
 
Knitwear created by Italian artisans for the Prada and Miu Miu brands sit on a desk at a recently expanded factory in the Perugia province of Italy, Tuesday, May 7, 2024. The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at brand's knitwear factory near Umbria, leaning into Made in Italy as integral to the brand's ethos as it develops new artisanal talent to ease the luxury group through a generational shift in its workforce, alongside the management and creative transitions already under way. (AP Photo/Colleen Barry)

Prada focuses generational transition on artisans, expanding production and workforce in Italy

The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at its knitwear factory in Umbria, leaning into “Made in Italy” as integral to the brand’s ethos.
 
Michigan junior Riley Ammenhauser shows a Peloton logo on her shirt, Tuesday, April 30, 2024 in Ann Arbor, Mich. Ammenhauser has become a record-breaking, triple-jumping track athlete and something of an entrepreneur. Leveraging her value with about 250,000 followers on social media, she has landed endorsement deals with Peloton, Gatorade and Lululemon while potentially setting herself up with a career as an influencer after hanging up her spikes. (AP Photo/Larry Lage)

In the NIL landscape, schools are turning to companies to train and manage in-house general managers

Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement money.
 
A woman walks in front of a crater caused by a Russian missile attack in Zaporizhzhia, Ukraine, Wednesday, May 8, 2024. (AP Photo/Andriy Andriyenko)

EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets

European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc.
 
FILE - Cans of Bud Light beer are seen before a major league baseball game on April 25, 2023, in Philadelphia. Anheuser-Busch reports earnings on Wednesday, April 8, 2024. (AP Photo/Matt Slocum, File)

AB InBev reports higher-than-expected revenue in first quarter despite ongoing weakness in the US

Anheuser-Busch InBev reported higher-than-expected revenue in the first quarter despite lower sales in the U.S. and China.
 
FILE - The Federal Trade Commission building is seen, Jan. 28, 2015, in Washington. Many current and former BetterHelp customers have begun receiving refund eligibility notices spanning from a $7.8 million settlement reached with the online therapy provider last year over allegations that it shared sensitive health data with advertisers. In 2023, the U.S. Federal Trade Commission charged California-based BetterHelp with disclosing consumer data it had promised to keep private — including information about mental health challenges — with companies like Facebook and Snapchat for advertising purposes. (AP Photo/Alex Brandon, File)

BetterHelp customers begin receiving refund notices from $7.8M data privacy settlement, FTC says

Many current and former BetterHelp customers have begun receiving refund eligibility notices spanning from a $7.8 million settlement reached with the online therapy provider last year over allegations that it shared sensitive health data with advertisers.