Money

  • Best of CES 2023: Electric skates, pet tech and AI for birds
    LAS VEGAS -- Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show.The show is getting back to normal after going completely virtual in 2021 and seeing a significant drop in 2022 attendance because of the pandemic. Exhibitors range from... Read more
    Source: ABC - Money Published on: 2023-01-04
  • Oklahoma AG announces 4 new opioid settlements worth $226M
    OKLAHOMA CITY -- Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million, Attorney General John O'Connor announced Wednesday.Including the new settlements with drugmaker Allergan and pharmacy chains CVS, Walgreens and Walmart, Oklahoma has received more than $900 million from opioid makers... Read more
    Source: ABC - Money Published on: 2023-01-04 By SEAN MURPHY Associated Press
  • Coinbase to pay $100M in settlement with New York regulators
    NEW YORK -- New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform's systems for spotting potential criminal activity.According to the state Department of Financial Services, Coinbase's anti-money-laundering program and its system for monitoring transactions for suspicious... Read more
    Source: ABC - Money Published on: 2023-01-04 By The Associated Press
  • Meta fined 390M euros in latest European privacy crackdown
    LONDON -- European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to agree to personalized ads based on their online activity.Ireland's Data Protection Commission imposed two fines totaling 390 million... Read more
    Source: ABC - Money Published on: 2023-01-04 By KELVIN CHAN AP Business Writer
  • Mega Millions jackpot climbs to $940M after no winner
    DES MOINES, Iowa -- The Mega Millions jackpot increased to an estimated $940 million after another drawing resulted in plenty of losers but not a single grand prize winner.The numbers drawn late Tuesday were: 25, 29, 33, 41, 44 and gold Mega Ball 18.The next drawing is scheduled to be... Read more
    Source: ABC - Money Published on: 2023-01-04 By The Associated Press
  • White House gun violence program with philanthropies ends
    NEW YORK -- It was small, as Washington celebrations go — two senior Biden administration advisers gathered with program participants near the White House on a Thursday afternoon in December to mark the end of a little-known initiative with a budget of less than $8 million.The impact of The Community... Read more
    Source: ABC - Money Published on: 2023-01-04 By THALIA BEATY Associated Press
  • Twitter says it will relax ban on political advertising
    Twitter says it will ease up on its 3-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year. The company tweeted late Tuesday that “we're relaxing our ads policy for cause-based ads in the... Read more
    Source: ABC - Money Published on: 2023-01-04 By The Associated Press
  • Biden to host Japan's Kishida for talks on NKorea, economy
    WASHINGTON -- President Joe Biden will host Japanese Prime Minister Fumio Kishida at the White House later this month for economic and security consultations, the U.S. administration announced Tuesday.White House press secretary Karine Jean-Pierre said the Jan. 13 meeting will include discussions of North Korea's nuclear and ballistic missile programs,... Read more
    Source: ABC - Money Published on: 2023-01-03 By The Associated Press
  • FTX founder Sam Bankman-Fried pleads not guilty to fraud
    NEW YORK -- FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October.Bankman-Fried, 30, denied charges accusing him of illegally diverting massive sums... Read more
    Source: ABC - Money Published on: 2023-01-03 By LARRY NEUMEISTER Associated Press
  • Southwest apologizes, gives customers frequent-flyer points
    FILE - Travelers queue up at the check-in counters for Southwest Airlines in Denver International Airport, Friday, Dec. 30, 2022, in Denver. Southwest Airlines is trying to fix its relationship with travelers who got stuck by canceled flights over the holidays. On Tuesday, Jan. 3, 2023, Southwest told affected travelers... Read more
    Source: ABC - Money Published on: 2023-01-03 By The Associated Press