New Zealand’s central bank lifts benchmark cash rate to 2.5%
WELLINGTON, New Zealand (AP) — New Zealand’s central bank has lifted its benchmark interest rate by half a percentage point to 2.5% as it…
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US inflation surges again in June, raising risks for economy
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for…
Continue Reading US, allies aim to cap Russian oil prices to hinder invasion
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its…
Continue Reading Penalty cut for Oregon bakers who refused to serve couple
PORTLAND, Ore. (AP) — The state of Oregon has slashed the financial penalties it assigned a baker who refused to bake a wedding cake for a lesbian…
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Traveling reaches peak suck just as everyone is trying to get out of town
By Allison Morrow, CNN Business Editor’s Note: This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Continue Reading Minister: Brazil wants to buy a lot of diesel from Russia
By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — Brazil’s foreign minister says the country wants to buy as much diesel fuel as it can…
Continue Reading Doctors urge access to psychedelic therapies in New Mexico
By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — Physicians and researchers are urging New Mexico legislators to allow the use of psychedelic…
Continue Reading ​​Former Twitter employee: Twitter considered new content restrictions after Trump told Proud Boys to ‘stand back and standby’
By Clare Duffy and Holmes Lybrand, CNN Business A former Twitter employee told the House committee investigating the January 6 insurrection that the…
Continue Reading ​​Former Twitter employee: Twitter considered new content restrictions after Trump told Proud Boys to ‘stand back and standby’
CNN By Clare Duffy and Holmes Lybrand, CNN Business A former Twitter employee told the House committee investigating the January 6 insurrection that…
Continue Reading Twitter worker says he tried to sound alarm on Trump tweets
By AMANDA SEITZ Associated Press Washington (AP) — A Twitter employee testified that he spent a sleepless night on Jan. 5, 2021, worrying that…
Continue Reading Twitter sues to force Musk to complete his $44B acquisition
By MATT O’BRIEN Associated Press Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the…
Continue Reading Starbucks closing 16 US stores for safety issues
By DEE-ANN DURBIN AP Business Writer Starbucks is closing 16 U.S. stores because of repeated safety issues, including drug use and other disruptive…
Continue Reading Twitter sues Elon Musk to force him to complete acquisition
By Clare Duffy, CNN Business Twitter has sued billionaire Elon Musk in an effort to force him to follow through with his deal to buy the social media…
Continue Reading 18-year oil spill in Gulf: 1M gallons collected since 2019
By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — One million gallons of oil have been collected since April 2019 from the site of the…
Continue Reading Airlines forced to drop service at these US airports due to the pilot shortage
By Chris Isidore, CNN Business Flying in and out of the Dubuque, Iowa, airport on the banks of the Mississippi has been a breeze for the 100,000…
Continue Reading Amazon Prime Day: What consumers are buying
By HALELUYA HADERO AP Business Writer Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began…
Continue Reading How major US stock indexes fared Tuesday 7/12/2022
The Associated Press Stocks on Wall Street closed lower Tuesday as investors brace for a big week of news on inflation and company earnings reports.…
Continue Reading Canoo, InMode rise; Gap, PriceSmart fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Canoo, InMode rise; Gap, PriceSmart…
Continue Reading Bill Ackman will repay investors $4 billion after his SPAC fails
By Nicole Goodkind, CNN Business Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion…
Continue Reading Dave Chappelle’s controversial Netflix special nabs Emmy nominations
By Frank Pallotta, CNN Business Dave Chappelle‘s Netflix comedy special, “The Closer,” received huge backlash last year for the…
Continue Reading Correction: Greece-Bulgaria-Gas Link story
ATHENS, Greece (AP) — In a story published July 8, 2022, about Greece and Bulgaria marking the completion of a new pipeline, The Associated Press…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for August delivery fell $8.25 to $95.84 a barrel Tuesday. Brent crude for September delivery fell…
Continue Reading The Jeep Wrangler plug-in hybrid just outsold all of Toyota’s plug-ins combined
by Peter Valdes-Dapena, CNN Business It might surprise you to learn that the best-selling plug-in hybrid vehicle in America is, of all things, a Jeep…
Continue Reading Elon Musk: Rocket test explosion ‘actually not good’
By Jackie Wattles, CNN Business An explosion on the launch pad during a test of a massive SpaceX rocket prototype was “actually not good”…
Continue Reading Heat wave forecast for Spain, Portugal fuels wildfire worry
By RAQUEL REDONDO and HELENA ALVES Associated Press MADRID (AP) — Weather forecasters say Spain is expected to have its second heat wave in less…
Continue Reading Russia fines Apple for violating data storage law
By The Associated Press A Moscow court has fined Apple 2 million rubles (about $34,000) for refusing to store the personal data of Russian users on…
Continue Reading Elon Musk’s politics trigger strong reactions from Tesla customers
By Matt McFarland, CNN Business Jason Simon placed an order for a Tesla Model 3 this April, eager to own an electric vehicle. He heard from Tesla in…
Continue Reading American Airlines expects to book a pretax profit for Q2
FORT WORTH, Texas (AP) — Shares of American Airlines soared 10% Tuesday after the carrier said that it expects to post a pretax profit for the…
Continue Reading Federal utility seeks proposals for big carbon-free push
By JONATHAN MATTISE and ADRIAN SAINZ Associated Press NASHVILLE, Tenn. (AP) — The nation’s largest public utility is seeking proposals for for a…
Continue Reading Now there are 8: UK leader field slims as nominations close
By JILL LAWLESS Associated Press LONDON (AP) — Nominations in the race to replace British Prime Minister Boris Johnson have closed, with eight…
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