Finance

Q&A: How virus is impacting Asia’s cruises and passengers

A new viral outbreak is wreaking havoc on cruises in Asia, where some passengers are stranded aboard ships and others can’t leave China. Japan’s health ministry has confirmed 174 cases of the COVID-19 virus aboard Carnival Corp.’s Diamond Princess, which is docked in Yokohama, Japan. The ship that carried 3,700 passengers and crew into Japan

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Federal report faults Southwest Airlines and FAA on safety

A federal watchdog is faulting safety regulators for letting Southwest Airlines continue to carry passengers on planes with unconfirmed maintenance histories By DAVID KOENIG AP Airlines Writer February 12, 2020, 12:44 AM 4 min read DALLAS — Southwest Airlines continues to fly airplanes with safety concerns while federal officials do a poor job overseeing the

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NTSB releases details in 2 crashes involving Tesla Autopilot

SAN FRANCISCO — An Apple engineer who died when his Tesla Model X slammed into a concrete barrier had previously complained about the SUV malfunctioning on that same stretch of Silicon Valley freeway. His complaints were detailed in a trove of documents released Tuesday by federal investigators in two Tesla crashes involving Autopilot, one in

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Powell: Economy looks resilient despite risk of China virus

WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy appears durable, with steady growth and unemployment near a half-century low, but faces risks from the broadening viral outbreak that began in China. Powell also said that the Fed is content with where interest rates are, suggesting that no further rate cuts

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London police deploy face scan tech, stirring privacy fears

London police have started using facial recognition cameras to automatically scan for wanted people, as authorities adopt the controversial technology that has raised concerns about increased surveillance and erosion of privacy By KELVIN CHAN AP Business Writer February 11, 2020, 5:19 PM 3 min read LONDON — London police started using facial recognition cameras on

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Fed Chair Powell Warns of Possible Economic Fallout from Coronavirus

WASHINGTON — Federal Reserve Chair Jerome H. Powell will warn lawmakers on Tuesday that the coronavirus epidemic sweeping China could pose broader economic risks, even as he signals that the central bank is comfortable holding interest rates steady for now. “We are closely monitoring the emergence of the coronavirus, which could lead to disruptions in

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