PUTRAJAYA, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak has been sentenced to 15 years in prison and must pay 13.5 billion ringgit ($3.3 billion) for his role in the 1MDB corruption scandal. On Friday, the High Court found him guilty of abuse of power and money laundering, linked to over $700 million channeled…… MORE
BRUSSELS (AP) — France, Germany, the European Union and the United Kingdom are hitting out at a U.S. decision to impose travel bans on five Europeans the Trump administration accuses of pressuring tech firms to censor or suppress American views. The EU’s executive branch, the European Commission, which supervises tech regulation in Europe, is warning…… MORE
WASHINGTON (AP) — The U.S. economy economy expanded at a strong 4.3% annual rate from July through September as consumer spending, exports and government spending all grew. Tuesday’s report from the Commerce Department said U.S. gross domestic product — the economy’s total output of goods and services — up from its 3.8% growth rate in…… MORE
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening. U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week’s 224,000, the Labor Department reported Wednesday.…… MORE
NEW YORK (AP) — This was a scary good year for investors. It was scary because the U.S. stock market plunged to several historic drops on worries about everything from President Donald Trump’s tariffs to interest rates to a possible bubble in artificial-intelligence technology. In the end, though, it was a great year for anyone…… MORE
WASHINGTON (AP) — The Department of Homeland Security is replacing its lottery system for H-1B visas with a new approach prioritizing skilled, higher-paid foreign workers. The change follows actions by the Trump administration to reshape the visa program. Critics say it has been a pipeline for overseas workers willing to work for lower pay. A…… MORE
This holiday season, many U.S. drivers are getting the gift of lower gas prices. According to data from motor club AAA, December has been the cheapest month for prices at the pump this year. The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of…… MORE
WASHINGTON (AP) — U.S. consumers were less confident in the economy in December as Americans remain anxious about still-high prices and the impact of President Donald Trump’s sweeping tariffs. The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of 92.9. That reading…… MORE
NEW YORK (AP) — Consumers stepped up gift giving during the first seven weeks of the holiday shopping season, yet uncertainty about the economy is making them more targeted in their buying. From Nov. 1 through Sunday, cash and credit card sales rose 4.2%, which is less than the 4.8% increase during the same period…… MORE
WASHINGTON (AP) — The Trump administration is suspending leases for five large-scale offshore wind projects under construction on the East Coast due to what it said were national security risks identified by the Pentagon. The pause is effective immediately and will give the Interior Department, which oversees offshore wind, time to work with the Defense…… MORE
