Treasury Secretary Janet Yellen: US economy remains ‘resilient’ despite GDP decline
CNN By Alicia Wallace, CNN Business While the latest GDP report showed the US economy contracted again in the second quarter, Treasury Secretary…
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Here come the discounts at Walmart, Best Buy and Gap
CNN By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap,…
Continue Reading A sign inflation could start easing: Walmart is slashing prices on clothing and other products
By Nathaniel Meyersohn, CNN Business Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four…
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Biden presses computer chips case in advance of Senate vote
By KEVIN FREKING Associated Press WASHINGTON (AP) — President Joe Biden is asking Congress to move quickly to send to him a bipartisan bill…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for September delivery rose $2.20 to $98.62 a barrel Friday. Brent crude for September delivery rose 52…
Continue Reading Walmart cuts profit outlook as shoppers adapt to inflation
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart is lowering its profit outlook for its fiscal second quarter and for the full…
Continue Reading How major US stock indexes fared Friday 7/29/2022
The Associated Press Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for…
Continue Reading Consumer confidence slips for third straight month
CNN By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on…
Continue Reading Diapers cost families a fortune, but now some states will stop taxing them
By Nathaniel Meyersohn, CNN Business Diapers are a notoriously large expense for caregivers of newborns, toddlers and adults suffering from…
Continue Reading Weber, Newmont fall; WWE, Emergent rise
Stocks that traded heavily or had substantial price changes Monday: World Wrestling Entertainment Inc., up $5.59 to $71.81. World Wrestling…
Continue Reading Sotheby’s may be liable for $4 million in missing diamonds, judge rules
By Alexandra Peers, CNN Business Be careful what you sign — and read the fine print. That’s just one of the lessons from a convoluted lawsuit…
Continue Reading Justice Department accuses poultry processors of underpaying workers for decades
By Danielle Wiener-Bronner, CNN Business Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of…
Continue Reading Hollywood producer’s new nonprofit to boost diverse creators
By KAY DERVISHI of The Chronicle of Philanthropy Chronicle of Philanthropy Hollywood film producer Dan Lin — known for movies such as Disney’s…
Continue Reading Tim Giago, trailblazing Native American journalist, dies
By GRETCHEN EHLKE Associated Press Tim Giago, the founder of the first independently owned Native American newspaper in the United States, has died…
Continue Reading Stocks are on track for the best month of the year — for now
By Paul R. La Monica, CNN Business The first half of 2022 was awful for stocks. But investors have seen a rebound in July and the markets are…
Continue Reading EU struggles with how to cut off its reliance on Russian gas
By RAF CASERT Associated Press BRUSSELS (AP) — European Union nations are struggling to find common ground on how to wean the bloc off its reliance…
Continue Reading Fed set to impose another big rate hike to fight inflation
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve…
Continue Reading Google fires engineer who contended its AI technology was sentient
By Ramishah Maruf, CNN Google has fired the engineer who claimed an unreleased AI system had become sentient, the company confirmed, saying he…
Continue Reading Ex-US congressman among 9 charged in insider trading cases
By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an…
Continue Reading R-rated movies have come to Disney+
By Frank Pallotta, CNN Business Disney+ just got a little more adult. The streaming service added its first R-rated films in the US on Friday with…
Continue Reading This delivery startup was valued at more than $11 billion. Then it slashed thousands of workers
By Sara Ashley O’Brien, CNN Business In early March, after two ultra-fast delivery startups shut down in New York City in a single week, a…
Continue Reading Russia to cut gas through Nord Stream 1 to 20% of capacity
BERLIN (AP) — Russia’s Gazprom says it would further reduce natural gas flows through a major pipeline to Europe to 20% of capacity, citing…
Continue Reading T-Mobile agrees to pay customers $350 million in settlement over massive data breach
By Brian Fung, CNN T-Mobile has agreed to pay $350 million to settle multiple class-action suits stemming from a data breach disclosed last year…
Continue Reading To preserve jobs, UAW head says battery plants must be union
By TOM KRISHER AP Auto Writer SOUTHFIELD, Mich. (AP) — If the United Auto Workers union can’t organize workers at new electric-vehicle battery…
Continue Reading Rents spike as big-pocketed investors buy mobile home parks
By MICHAEL CASEY and CAROLYN THOMPSON Associated Press LOCKPORT, N.Y. (AP) — Investors are buying up mobile home parks across the country, leading…
Continue Reading Jenn Takahashi, chronicling the best (and worst) of Nextdoor
By BARBARA ORTUTAY AP Technology Writer For anyone looking for a taste of Nextdoor’s weirdest, silliest posts — from fireworks complaints to…
Continue Reading Tesla subpoenaed over Elon Musk’s tweets … again
By Chris Isidore, CNN Business The Securities and Exchange Commission apparently isn’t done with Elon Musk and his tweets quite yet. Tesla…
Continue Reading The NFL is debuting a streaming service — with some major caveats
By Frank Pallotta, CNN Business The NFL launched a streaming service Monday. That sounds like a football fan’s dream, but it’s probably…
Continue Reading Feds sue poultry producers, alleging unfair worker practices
By MICHAEL BALSAMO Associated Press WASHINGTON (AP) — The Justice Department filed a lawsuit Monday against some of the largest poultry producers…
Continue Reading Could we talk ourselves into a recession?
By Julia Horowitz, CNN Business There’s no denying that the US economy is at a strange juncture that’s left even top experts scratching…
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