NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile cut into international sales. Walmart also delivered a weak profit forecast for the year, sending shares down about 1% before the opening bell Tuesday. It’s a rare miss for Walmart, which […]

NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change. Bezos, the world’s richest man, said in an Instagram post that he’ll start giving grants this summer to scientists, activists and nonprofits working to protect Earth. “I want to […]

CUPERTINO (AP) — Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. […]

NEW YORK (AP) – Home goods retailer Pier 1 Imports Inc. said Monday that it has filed for bankruptcy protection. The Fort Worth, Texas-based company, which was founded in 1962, has been struggling with increased competition from online retailers such as Wayfair. Pier 1 said it will pursue a sale, with a March 23 deadline […]

LONDON (AP) — Facebook CEO Mark Zuckerberg met top European Union officials on a visit to Brussels on Monday, days before the bloc is expected to release new proposals on regulating artificial intelligence. The billionaire social network founder is the latest U.S. tech executive to make the trip to the headquarters of the EU, which […]

NEW YORK (AP) — New York’s attorney general said Sunday the state will not appeal a judge’s decision approving the merger of T-Mobile and Sprint. Attorney General Letitia James and California Attorney General Xavier Becerra led a coalition of 14 attorneys general who sued to stop T-Mobile’s purchase of Sprint for $26.5 billion. They argued […]

BERLIN (AP) — A German court has temporarily halted the site preparation for Tesla Inc.’s first electric car factory in Europe. The Higher Administrative Court for Berlin-Brandenburg ordered Tesla to stop clearing trees on the wooded site near Berlin until it considers an environmental group’s appeal. In a statement Sunday, the court said it had […]

NEW YORK (AP) — A federal court has ordered a temporary halt in Microsoft’s work on a $10 billion military cloud contract that Amazon was initially expected to win. Amazon sued in November to revisit that decision, alleging that President Donald Trump’s bias against the company hurt its chances to win the project. Amazon requested […]

NEW YORK (AP) – The majority of individual taxpayers in the U.S. are eligible to file their taxes for free, yet many may be unaware or confused by how to do so. The tax industry and the IRS have played a part in the problem. Together they run the IRS Free File system, which about […]

WASHINGTON (AP) — The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012. The Treasury Department said Wednesday in its monthly budget report that the deficit from October […]