Wild week for Peloton shares as earlier gains erased
Associated Press NEW YORK (AP) — Peloton shares are on a wild ride this week, running up 20% Wednesday on a new partnership with Amazon only to…
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Food commodity prices slim down over the summer
By DAMIAN J. TROISE AP Business Writer The price of wheat, corn and other commodities that make up the basis for much of the world’s food supply…
Continue Reading Fall books a broad mix of literary and commercial favorites
By HILLEL ITALIE AP National Writer NEW YORK (AP) — Anticipation for one of the fall’s likeliest bestsellers has been growing all year. For…
Continue Reading Government revision shows economy shrank 0.6% last quarter
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in…
Continue Reading Fewer Americans claim jobless benefits last week
By MAE ANDERSON AP Business Writer NEW YORK (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to stand…
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Computer chips were in high demand. Then inflation kicked in
By Julia Horowitz, CNN Business When consumers were stuck inside during the early stages of the Covid-19 pandemic, there weren’t many places to…
Continue Reading Second-quarter GDP declined less than previously thought, but the economy is still shrinking
By Alicia Wallace, CNN Business The US economy shrank at a slightly slower rate than estimated during the second quarter, according to updated data…
Continue Reading Here’s why you still look terrible in virtual reality
By Rachel Metz, CNN Business Mark Zuckerberg has bet his company’s future on an ambitious long-term vision of people carrying out greater…
Continue Reading MacKenzie Scott supports child mentors with $44 million gift
By THALIA BEATY Associated Press LANCASTER, Ca. (AP) — Billionaire philanthropist MacKenzie Scott donated $44 million to the Oregon-based mentoring…
Continue Reading How much trouble is Twitter in with regulators?
By Brian Fung, CNN Business An explosive whistleblower disclosure by Twitter’s former head of security this week exposes the company to new…
Continue Reading Swiss drugmaker Novartis to spin off generics unit Sandoz
GENEVA (AP) — Swiss pharmaceuticals company Novartis says it plans to spin off its generics subsidiary Sandoz, which generated nearly $10 billion…
Continue Reading From energy to drinking water, China has lots to fix in its economy
By Laura He, CNN Business China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country…
Continue Reading S Korea signs $2.25 billion deal with Russia nuclear company
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — South Korea has signed a $2.25 billion contract with a Russian state-run nuclear…
Continue Reading Saudi Arabia to grant visas to World Cup ticket holders
DUBAI, United Arab Emirates (AP) — Saudi Arabia will grant visas to those holding tickets to the World Cup in neighboring Qatar. The Saudi Foreign…
Continue Reading Why Tesla’s stock is so much cheaper today
By Paul R. La Monica, CNN Business Tesla’s stock price is set to drop at the opening bell Thursday, but not because of anything Elon Musk…
Continue Reading UK energy bills are skyrocketing. Why is it happening?
By SYLVIA HUI Associated Press LONDON (AP) — A cost-of-living crisis in Britain is about to get worse. Millions of people will pay about 80% more a…
Continue Reading Asian stocks follow Wall St higher ahead of Fed chair speech
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday ahead of a speech by the Federal…
Continue Reading Inflation hits Dubai’s karak tea, a beloved national staple
By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — From Mustafa Moeen’s spot behind the counter, he sees the many faces of…
Continue Reading Chinese island plans to ban sales of fossil fuel-powered vehicles by 2030
By Jessie Yeung and Shawn Deng, CNN The island of Hainan in southern China plans to ban the sale of fossil fuel-powered vehicles by 2030, aiming to…
Continue Reading Jailed Malaysian ex-PM Najib returns to court for 1MDB trial
By EILEEN NG Associated Press KUALA LUMPUR, Malaysia (AP) — Jailed Malaysian ex-Prime Minister Najib Razak has returned to court for a second…
Continue Reading California phasing out gas vehicles in climate change fight
By KATHLEEN RONAYNE Associated Press SACRAMENTO, Calif. (AP) — California set itself on a path Thursday to end the era of gas-powered cars, with…
Continue Reading Six months into war, Russian goods still flowing to US
By JULIET LINDERMAN and MARTHA MENDOZA Associated Press BALTIMORE (AP) — On a hot, humid East Coast day this summer, a massive container ship…
Continue Reading Six months into war, Russian goods still flowing to US
By JULIET LINDERMAN and MARTHA MENDOZA Associated Press BALTIMORE (AP) — On a hot, humid East Coast day this summer, a massive container ship…
Continue Reading Congress wants to hear what Twitter whistleblower has to say
By MARCY GORDON AP Business Writer WASHINGTON (AP) — U.S. lawmakers are anxious to hear from Twitter’s former security chief, who has alarmed…
Continue Reading Inflation’s harsh realities on display as Fed officials meet
By CHRISTOPHER RUGABER AP Economics Writer JACKSON HOLE, Wyoming (AP) — A half-hour drive or so from the resort where the high priests of…
Continue Reading Amazon to shutter virtual health care service Amazon Care
NEW YORK (AP) — Amazon is shutting down the hybrid virtual, in-home care service it’s spent years developing. It’s a surprising move that…
Continue Reading State Farm subsidiary to pay $100M for false Katrina claims
GULFPORT, Miss. (AP) — A subsidiary of insurance giant State Farm has agreed to pay the federal government $100 million in restitution over its…
Continue Reading What’s a Pell grant? How it affects student loan forgiveness
By CORA LEWIS and ADRIANA MORGA Associated Press New York (AP) — President Joe Biden’s student loan forgiveness program announced on Wednesday…
Continue Reading Biden names new Secret Service director amid Jan. 6 scrutiny
WASHINGTON (AP) — President Joe Biden has named Kim Cheatle, a veteran Secret Service official, as the agency’s next director. Her appointment…
Continue Reading Twitter whistleblower to testify at Senate Judiciary hearing next month
By Brian Fung and Clare Duffy, CNN Business Twitter’s former head of security, who filed a whistleblower disclosure about the company, will…
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