Business

Airbnb said Tuesday that it lost $349 million in the fourth quarter due to an income tax settlement with Italy, but bookings and revenue rose, and the short-term rental giant said demand remains strong. The company forecast first-quarter revenue that would meet or beat Wall Street expectations. However, the pace of bookings growth is likely to “moderate” from the fourth …

Benchmark U.S. crude oil for March delivery rose 62 cents to $76.84 per barrel Friday. Brent crude for April delivery rose 56 cents to $82.19 per barrel. Wholesale gasoline for March delivery was unchanged at $2.34 a gallon. March heating rose 7 cents to $2.96 a gallon. March natural gas fell 7 cents to $1.85 per 1,000 cubic feet. Gold …

ANKARA, Turkey (AP) — The work to tame inflation in Turkey — namely through interest rate hikes — will continue “with determination,” the country’s new central bank chief said Thursday, offering some certainty about efforts to right the battered economy following his precedessor’s surprise resignation. Speaking for the first time since taking the helm of the central bank on Saturday, …

TOKYO (AP) — Nissan’s profit sank in October-December to about half of what it earned the year before, the automaker said Thursday, though it stuck to its earlier earnings forecasts. Nissan Motor Co., based in the port city of Yokohama, reported its profit was 29 billion yen ($195 million) in the last quarter, down from 50.6 billion yen a year …

General Motors has hired a former Tesla executive, Kurt Kelty, to serve in the newly created role of vice president of Batteries as the automaker continues to work on its electric vehicle strategy. GM is still seeing strong demand for the EV products it has on sale now. The company expects EV losses to ease this year and hit low-to-mid …

BERLIN (AP) — Germany’s state-owned development bank has sold shares in the company that owns the national postal service for about 2.17 billion euros ($2.3 billion), reducing the government’s stake and raising money to help finance improvements to the country’s rail network. The KfW bank, which holds the government’s remaining stakes in previously state-held companies, said late Tuesday that it …

Facebook and Instagram users will start seeing labels on AI-generated images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not. Meta said Tuesday it’s working with industry partners on technical standards that will make it easier to identify images and eventually video and audio generated by artificial intelligence …

NEW YORK (AP) — GoFundMe crowdfunding campaigns have generated $30 billion since 2010, the fundraising platform announced Tuesday, as younger generations look beyond institutions to make their donations. Tim Cadogan, GoFundMe’s CEO, said 150 million people have either sent or received money through the platform to date. Gen Z and millennial donors, as well as those who are not married …

NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years. Experts worry that members of these groups — mostly lower- and middle-income Americans, who tend to be renters — are falling behind on their debts and …

ISTANBUL (AP) — Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a former senior Goldman Sachs executive, …