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Why unpaid internships still exist despite hardships for young workers

By John Yang, Andrew Corkery

Internships can give a leg up to students starting their careers. According to the National Association of Colleges and Employers, more than half of internships lead to full-time jobs. But 47 percent of U.S. interns were unpaid in 2022, creating…

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Powell warns strong economy could lead to new interest rate hikes

By Christopher Rugaber, Associated Press

The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook.

Founders of crypto mixer arrested, sanctioned after U.S. cracks down

By Fatima Hussein, Associated Press

Treasury's Office of Foreign Assets Control has sanctioned Roman Semenov, one of the three co-founders of Tornado Cash, for allegedly supporting the North Korean hacking organization, Lazarus Group, among other things.

Workers in Disney World district criticize DeSantis-appointed board decision to eliminate free passes

By Mike Schneider, Associated Press

Employees of Walt Disney World's governing district are criticizing new board members appointed by Gov. Ron DeSantis for a decision to eliminate free passes and discounts to the theme park resort for 400 of its district workers.

UPS workers approve 5-year contract agreement to end negotiations

By Haleluya Hadero, Matt Ott, Associated Press

The union representing 340,000 UPS workers says its members voted to approve the tentative contract agreement reached last month.

Biden reinstates stricter offshore safety rules, reverses Trump era policies

By Kevin McGill, Associated Press

The Biden administration has tightened offshore oil drilling safety regulations, including rules regarding the use of "blowout preventer" devices on offshore oil and gas drilling rigs.

Everything you need to know about Europe's new Big Tech regulations

By Kelvin Chan, Associated Press

Google, Facebook, TikTok and other Big Tech companies operating in Europe are facing one of the most far-reaching efforts to clean up what people encounter online.

Neighbors Ukraine and Romania sign accord to boost grain exports through Romanian territory

By Associated Press

The accord was signed during a trip by Ukrainian Prime Minister Denys Shmyhal to the Romanian capital, Bucharest, for talks with his Romanian counterpart Marcel Ciolacu.

Concerns over 'climate gentrification' rise after devastating fire in Maui

By Isabella O'Malley, Jennifer McDermott, Associated Press

“Climate gentrification” — the concept that changes in housing markets occur after extreme weather events — can result in new, expensive developments that make the area more tourist-friendly and can exclude local people.