NEW YORK (AP) — Jay Carney, the top policy and communications executive at Amazon and one-time White House spokesman, has been named the head of policy at Airbnb, marking another high-profile departure for Amazon as it faces a shifting consumer landscape and heightened regulatory scrutiny. Carney, who served as the press secretary for President Barack…
VIENNA (AP) — Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down. In a surprise announcement Friday, the Wolfsburg, Germany-based company said Diess will depart Sept. 1 “by mutual consent” with the board. No reason was given for his departure. Oliver Blume,…
In some corners of the personal finance advice world, getting into debt is just about the worst thing you can do. And yes, some forms of debt — particularly those that charge high interest rates — can keep you locked in a cycle of owing money for years. Still, there are times where taking on…
MOSCOW (AP) — The Russian central bank diverged from its Western counterparts by slashing its key interest rate Friday just a month after dropping it to where it was before the country sent troops into Ukraine. The bank lowered its key rate by 1.5 percentage points, to 8%, saying consumer prices are still easing partly…
DETROIT (AP) — Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years. Now, Hyundai, the larger of the two affiliated Korean automakers, has promoted its North American…
NEW YORK (AP) — American Express’ profits fell 14% in the second quarter, the company said Friday, as higher expenses more than offset record spending on its network by its cardmembers. AmEx had profit of $1.96 billion, or $2.57 a share, down from $2.28 billion, or $2.80 a share, in the same period a year…
LONDON (AP) — Twitter reported a quarterly loss Friday and declining revenue caught Wall Street off guard with the number of people using the platform on the rise. The latest quarterly earnings figures offered a glimpse into how the social media platform has performed during a months-long negotiation with billionaire and Tesla CEO Elon Musk…
BERLIN (AP) — The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package prompted by surging prices for natural gas and reduced Russian deliveries, the company and Chancellor Olaf Scholz said Friday. Uniper, which has been Germany’s biggest importer of Russian gas used to fuel industry,…
NEW YORK (AP) — Stocks slipped Friday, giving back some of their gains from earlier in the week as worries brewed about the global economy and prospects for profits at big internet companies. The S&P 500 lost 0.9% to break a three-day rally that had carried Wall Street to its highest level in six weeks….
SAN BRUNO, Calif. (AP) — YouTube will begin removing misleading videos about abortion in response to falsehoods being spread about the procedure that is being banned or restricted across a broad swath of the U.S. The move announced Thursday by the Google-owned video site comes about a month after the U.S. Supreme Court overturned Roe…
