Business

Even with much of the country blanketed by rain and snow, it’s not too early to think of the thaw. March and April bring one of the most anticipated parts of the calendar — spring break — and with it thoughts of adventure and the open highway. If the idea lifts your spirits but your current car lets you down, …

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Honest Co., up 78 cents to $3.93. The maker of skincare and beauty products beat analysts’ fourth-quarter financial forecasts. Arhaus Inc., up $1.55 to $14.37. The furniture and home decor company reported strong fourth-quarter earnings and revenue. Burlington Stores Inc., up $15.40 to $221.26. The …

RIO DE JANEIRO (AP) — Brazil’s finance minister told his peers Thursday at a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion. Fernando Haddad said tax evasion can be resolved through international cooperation so that “these few individuals make their contribution to our societies and …

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that includes the layoffs, as well as closing some offices or facilities. The Redwood …

HONG KONG (AP) — Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes. Finance minister Paul Chan announced the move in a speech presenting the territory’s budget, which also raised spending on tourism promotion. He said all curbs, such as extra taxes, imposed earlier to cool …

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed. The White House said Wednesday it is seeking public comment on the risks and benefits of having an AI system’s key components publicly available for anyone to use and modify. The inquiry is one piece of the broader …

WASHINGTON (AP) — Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. But some of the policymakers expressed concern that strong growth in spending and hiring could disrupt that progress. In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials also said they were worried about …

CHICAGO (AP) — United Airlines says it plans to resume flights to Israel next month, reviving a route that was suspended in October at the start of the Israel-Hamas war. The airline said Wednesday that it will start flights from Newark, New Jersey, to Tel Aviv with a stop in Munich on March 2 and March 4. United said it …

NUEVA YORK (AP) — Capital One Financial adquirirá a Discover Financial Service por 35.000 millones de dólares, en un acuerdo que fusionaría a dos de las principales compañías crediticias y emisoras de tarjetas de crédito de Estados Unidos. Los accionistas de Discover Financial recibirán acciones de Capital One valoradas en casi 140 dólares por título, según un comunicado de prensa …

NEW YORK (AP) — Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could potentially shake up the payments industry, which is largely dominated by Visa and …