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Climate activists target wealthy in protests
Climate activism has intensified in the past few years as the planet warms to dangerous levels, igniting more extreme heat, floods, storms and wildfires around the world.
Tactics have been getting more radical, and activists are now turning their attention to the wealthy, after long targeting some of the world's most profitable companies - oil and gas conglomerates, banks and insurance firms that continue to invest in fossil fuels.
US, China agree to discuss export controls
Commerce Secretary Gina Raimondo says she and her Chinese counterpart agreed to exchange information on U.S. export controls that irk Beijing and set up a group to discuss other commercial issues.
But neither side appeared ready to make major concessions on disputes that have plunged relations to their lowest level in decades.
Wall Street gains ahead of busy week of reports
Stocks closed higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports.
The S&P 500 added 0.6% Monday. Last week the index had its first winning week since July. The Dow rose 213 points, or 0.6%, and the Nasdaq composite climbed 0.8%. This week markets will get earnings updates from Best Buy and Costco as well as several key reports on the job market, including the government's monthly jobs report on Friday.
PayPal to launch new products tied to AI
John Kim, chief product officer for PayPal, spoke with The Associated Press about how the company is using the early proliferation of artificial intelligence technologies in its business, as well as PayPal's future in payments when there's so much competition.
Kim say PayPal plans on launching three new products with ties to AI in the next 120 days.
White House highlights how it helps unions
As worker actions continue from Hollywood to Detroit, and new labor unions crop up nationally, the White House on Monday was highlighting its effort to bolster worker organizing throughout the U.S.
President Joe Biden is counting on critical labor support as he campaigns for a second term in office, holding his first re-election campaign rally at a Pennsylvania union hall in June, declaring: "I'm proud to be the most pro-union president in American history."
Farmers Insurance says it is cutting 2,400 jobs
Farmers Insurance says it will lay off 11% of its workforce -- about 2,400 employees -- as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability.
The California-based insurer owned by Swiss giant Zurich Insurance Group said Monday the job cuts will impact all lines of its business. In recent months, Farmers and other insurers, including Allstate and State Farm, have pulled back on property insurance in states like Florida and California.
China won't require COVID tests for travelers
China will no longer require a negative COVID-19 test result for incoming travelers, a milestone in its reopening to the rest of the world after an isolation that began with the country's borders closing in 2020. A Foreign Ministry spokesperson announced the change on Monday.
China in January ended quarantine requirements for its own citizens traveling from abroad and has gradually expanded the list of countries that Chinese people can travel to and increased the number of international flights.