FBI Says Cybercrime Costs Rose to at Least $16 Billion in 2024
April 23 By Raphael Satter Cybercrime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday. The losses – a one-third increase over 2023 – were largely driven by low…
Musk, Facing Criticism and Falling Tesla Sales, to Cut Back DOGE Work
April 21 By Akash Sriram Tesla CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies. The move comes as Musk’s involvement in the so-called…
Delta Plane Suffers Engine Fire in Orlando, Forcing Evacuation
April 20 By David Shepardson A Delta Air Lines plane carrying nearly 300 passengers suffered an engine fire after pushing back from the gate at Orlando International Airport in Florida on Monday, forcing the passengers to evacuate using slides, the Federal Aviation Administration said. The…
Ousted Pentagon Officials Question Leak Investigation Claims
April 19 By Phil Stewart Dan Caldwell, once one of U.S. Defense Secretary Pete Hegseth’s most senior advisors, issued a joint statement on Saturday along with two other Pentagon officials casting doubt on an internal leak investigation that led to their ouster this week. “We…
Texas Says Measles Cases Rise to 597 Since Late January
April 18 By Arasu Kannagi Basil The Texas Department of State Health Services on Friday, reported 597 measles cases in the state since late January, an increase of 36 since the update on Tuesday. The department said the outbreak is primarily in West Texas and…
AmEx Profit Beats Expectations as Card Spending Holds Up
April 17 By Arasu Kannagi Basil American Express beat Wall Street estimates for first-quarter profit on Thursday, as its affluent customers shrugged off fears of a slowdown to continue spending on travel and entertainment. The credit card giant also stuck to its profit and revenue…
Baby Food Makers Are Failing California’s Lead Standards, Reuters Review Shows
April 16 By Jessica DiNapoli Some baby food manufacturers are failing to meet California’s standards for lead, which are the most stringent in the nation, according to a Reuters analysis of new test results released for the first time. The results are being made public…
India to Pursue Trade Liberalisation With US, Official Says
April 15 By Shivangi Acharya India has decided to pursue a path of trade liberalisation with the United States, India’s trade secretary said on Tuesday, with the two countries signing the terms of reference for the first part of a bilateral trade deal. India and…
Bessent Says White House Will Start Interviewing Candidates for Next Fed Chair This Fall
April 14 By Andrea Shalal U.S. Treasury Secretary Scott Bessent on Monday said the White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026. Bessent, speaking with Bloomberg TV during a visit to Argentina,…
OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of ‘Drill Baby Drill’
April 11 By Arathy Somasekhar President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country’s oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude…
Mexico Seeks to Solve Problems That Led to Mine Strikes, President Says
April 10 By Stefanie Eschenbacher Mexican President Claudia Sheinbaum said on Thursday that her team was seeking to resolve issues which had led to strikes at three mines, including a large copper mine in the Cananea region in the northern state of Sonora. These strikes…
US Producers Face Tough Choices on Growth, Capital Returns as Oil Falls Below $60
April 9 By Arunima Kumar A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts…