
Nvidia stuns markets and signals how artificial intelligence could reshape technology sector
Shares of Nvidia, already one of the world’s most valuable companies, are skyrocketing after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector
2023-05-26 00:21

Teamsters add their heft to dozens of Amazon delivery drivers picketing around the country
The Teamsters flexed their muscles during contract negotiations with UPS last month, securing pay hikes for drivers and scoring other wins
2023-08-17 00:58

Gen II Fund Services Relocates Denver Office to Grow Business in the West
DENVER--(BUSINESS WIRE)--Jul 18, 2023--
2023-07-19 03:17

Caribbean leaders seeking discounted oil criticize US sanctions against Venezuela
Caribbean leaders are denouncing U.S. economic sanctions against oil-rich Venezuela and say they’ve been forced to buy costlier petroleum elsewhere as they struggle with tight budgets
2023-07-07 22:55

Senate passes bill to block Biden's student loan forgiveness program
Both the Senate and the House have now passed a bill to block President Joe Biden's student loan forgiveness program, which promises to cancel up to $20,000 of debt for millions of borrowers but has been held up by courts.
2023-06-02 02:49

California sidelines GM Cruise's driverless cars, cites safety risk
By Hyunjoo Jin and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -California on Tuesday ordered General Motors' Cruise unit to remove its
2023-10-25 05:16

Northern Trust Appoints Patrick Cowan Chief Banking Officer for the West Region
DENVER--(BUSINESS WIRE)--May 22, 2023--
2023-05-23 00:27

Sweden's largest egg producer to cull all its chickens following recurrent salmonella outbreaks
Sweden’s largest egg producer, which had nearly 1.2 million chickens or 20% of all laying hens in the country before a salmonella outbreak, has been ordered to euthanize all of them so the facility can be fully cleaned
2023-11-08 19:51

Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies
2023-08-27 22:17

George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image
U.S. Rep. George Santos, the New York Republican infamous for fabricating his life story, pleaded not guilty Wednesday to charges he duped donors, stole from his campaign and lied to Congress about being a millionaire, all while cheating to collect unemployment benefits he didn't deserve. Afterward, he said wouldn't drop his reelection bid, defying calls to resign. Santos' 13-count federal indictment was a reckoning for a web of fraud and deceit that prosecutors say overlapped with his fantastical public image as a wealthy businessman — a fictional biography that began to unravel after he won election last fall. Santos, 34, was released on $500,000 bond following his arraignment, about five hours after turning himself in to authorities on Long Island to face charges of wire fraud, money laundering, theft of public funds and making false statements to Congress. He could face up to 20 years in prison if convicted. “This is the beginning of the ability for me to address and defend myself,” Santos told reporters afterward, vowing to clear his name and calling his prosecution a “witch hunt.” Santos had said little during his arraignment, which lasted about 15 minutes. His lawyer, Joseph Murray, asked the judge for permission for Santos to travel freely for his campaign, though he did surrender his passport. Santos said he was returning to Washington for votes Thursday. Among the allegations, prosecutors say Santos induced supporters to donate to a company under the false pretense that the money would be used to support his campaign. Instead, they say, he used the money for personal expenses, including designer clothes and his credit card and car payments. Santos also is accused of lying about his finances on congressional disclosure forms and applying for and receiving unemployment benefits while he was employed as regional director of an investment firm that the government shut down in 2021 over allegations that it was a Ponzi scheme. The indictment “seeks to hold Santos accountable for various alleged fraudulent schemes and brazen misrepresentations,” U.S. Attorney Breon Peace said. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself." Reached by The Associated Press on Tuesday, Santos said he was unaware of the charges. Santos has defied calls to resign — some from fellow Republicans — as details of his fictitious resume came to light, though he did decline his committee assignments. He has given no indication that he plans to step aside because of his indictment. In the past, members of Congress in both parties have remained in office while facing charges. Santos, 34, was elected to Congress last fall after a campaign built partly on falsehoods. He told people he was a wealthy Wall Street dealmaker with a substantial real estate portfolio who had been a star volleyball player in college, among other things. In reality, Santos didn't work at the big financial firms he claimed had employed him, didn't go to college and struggled financially before his run for public office. He claimed he fueled his run largely with self-made riches, earned from brokering deals on expensive toys for wealthy clients, but the indictment alleges those boasts were also exaggerated. In regulatory filings, Santos claimed he loaned his campaign and related political action committees more than $750,000, but it was unclear how he would have come into that kind of wealth so quickly after years in which he struggled to pay his rent and faced multiple eviction proceedings. In a financial disclosure form, Santos reported making $750,000 a year from a family company, the Devolder Organization, but the charges unsealed Wednesday allege that Santos never received that sum, nor the $1 million and $5 million in dividends he listed as coming from the firm. Santos has described the Devolder Organization as a broker for sales of luxury items like yachts and aircraft. The business was incorporated in Florida shortly after Santos stopped working as a salesman for Harbor City Capital, the company accused by federal authorities of operating an illegal Ponzi scheme. In November 2021, Santos formed Redstone Strategies, a Florida company that federal prosecutors say he used to dupe donors into financing his lifestyle. According to the indictment, Santos told an associate to solicit contributions to the company and gave the person contact information for potential donors. Emails to prospective donors falsely claimed that the company was formed “exclusively” to aid Santos’ election bid and that there would be no limits on how much they could contribute, the indictment said. Santos falsely claimed that the money would be spent on television ads and other campaign expenses, it said. Last October, a month before his election, Santos transferred about $74,000 from company coffers to bank accounts he maintained, the indictment said. He also transferred money to some of his associates, it said. Many of Santos' fellow New York Republicans called on him to resign after his fabricated life story was revealed. Some renewed those calls after news of his indictment. "Sooner or later, whether he chooses to or not, both the truth and justice will be delivered to him,” said U.S. Rep. Marc Molinaro, a Republican representing parts of upstate New York. Sen. Mitt Romney, a Utah Republican who confronted Santos at President Joe Biden's State of the Union address in February, said Santos should have resigned a long time ago. “I think we’re seeing that the wheels of justice grind slow, but they grind fine,” Romney said. House Republican leaders Kevin McCarthy and Steve Scalise were more circumspect, saying Santos deserved a presumption of innocence until proven guilty. Santos has faced criminal investigations before. When he was 19, he was the subject of a criminal investigation in Brazil over allegations he used stolen checks to buy items at a clothing shop. Brazilian authorities said they have reopened the case. In 2017, Santos was charged with theft in Pennsylvania after authorities said he used thousands of dollars in fraudulent checks to buy puppies from dog breeders. That case was dismissed after Santos claimed his checkbook had been stolen, and that someone else had taken the dogs. Federal authorities have separately been looking into complaints about Santos' work raising money for a group that purported to help neglected and abused pets. One New Jersey veteran accused Santos of failing to deliver $3,000 he had raised to help his pet dog get a needed surgery. ___ Farnoush Amiri in Washington and Alanna Durkin Richer in Boston contributed to this report. ___ On Twitter, follow Jake Offenhartz at twitter.com/jangelooff and Michael Sisak at twitter.com/mikesisak and send confidential tips by visiting https://www.ap.org/tips/ ___ Follow the AP's coverage of U.S. Rep. George Santos at https://apnews.com/hub/george-santos. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Kevin McCarthy says he won’t support George Santos’s re-election bid after all The 13 counts New York representative George Santos faces McCarthy says he will not back George Santos re-election bid after arrest – live
2023-05-12 01:24

Oil Dips as Mideast Crisis Simmers and US Eases Venezuela Curbs
Oil fell from a two-week high as traders tracked tensions in the Middle East and the US eased
2023-10-19 09:50

After Nevada crash, federal accident investigators want cars to warn drivers if they're speeding
Federal accident investigators want automakers to install systems on all new vehicles that warn drivers when they go over the speed limit
2023-11-15 04:19
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