Miami Heat guard Terry Rozier will not receive his salary while on leave due to his arrest on federal gambling charges. Nor will Portland Trail Blazers coach Chauncey Billups, who has also been placed on leave by the league after his arrest on gambling-related charges last week. That’s according to two people with knowledge of…… MORE
WASHINGTON (AP) — The Senate is voting on legislation that would nullify U.S. tariffs on Canada. It is happening just as President Donald Trump is engaged in trade talks in Asia as well as an increasingly bitter trade spat with U.S.’s northern neighbor that is one of its largest economic partners. Senators have taken a…… MORE
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2%…… MORE
AP Business Writer (AP) — In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity because they…… MORE
Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved. The Seattle-based company said its net revenue rose 5% to $9.6 billion in the July-September period. That was better than Wall Street was expecting, according to analysts polled by FactSet. Starbucks’ global same-store sales rose 1% compared to the same period…… MORE