Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for July delivery rose 56 cents to $110.33 a barrel Wednesday. Brent crude for July delivery rose 47…
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Fed signals several half-percentage point hikes to come
By Anneken Tappe, CNN Business The Federal Reserve means business when it comes to tightening monetary policy. After raising its benchmark interest…
Continue Reading Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
By Matt Egan, CNN Business Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices,…
Continue Reading Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades.…
Continue Reading New car sales forecast to plummet 20.9% in May, as supply remains low
By Matt McFarland, CNN Business Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year, amid vehicle…
Continue Reading Administration opposes airlines in lawsuit over crew breaks
By The Associated Press The Biden administration is siding against the airline industry in a case that involves whether California-based flight crews…
Continue Reading Gainbridge extends deal as presenting sponsor of Indy 500
By JENNA FRYER AP Auto Racing Writer INDIANAPOLIS (AP) — The Indianapolis 500 will be presented by Gainbridge for the next several years under a…
Continue Reading Boeing’s Starliner capsule makes safe return from test mission
By Jackie Wattles, CNN Business Boeing’s Starliner spacecraft made a safe return home from its five-day stay at the International Space Station…
Continue Reading Congressional Budget Office says inflation to last into 2023
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Congressional Budget Office says that high inflation will persist into next year. This…
Continue Reading Twitter holds annual shareholder meeting amid uncertainty with Elon Musk deal
By Clare Duffy, CNN Business Twitter on Wednesday held what could be its last annual shareholder meeting as a public company for a long time after…
Continue Reading Fed officials signal rates may head to ‘restrictive’ levels
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have…
Continue Reading Unionized Starbucks stores face hard work of bargaining
By DEE-ANN DURBIN AP Business Writer It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at…
Continue Reading Amazon shareholders nix warehouse working conditions audit
Associated Press Amazon shareholders have voted against a proposal calling for an independent audit of working conditions at the company’s…
Continue Reading Ukraine has a message for Cloudflare and SAP: Get out of Russia now
By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…
Continue Reading Ukraine has a message for Cloudflare and SAP: Get out of Russia now
CNN By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…
Continue Reading Bitcoin is imploding. But you wouldn’t know it from checking out Formula 1 races
By Paul R. La Monica, CNN Business What crypto crash? Bitcoin prices may be plunging, but you wouldn’t know it by checking out the cars on the…
Continue Reading Elon Musk revises Twitter financing plan; shares jump
By BARBARA ORTUTAY and MICHAEL LIEDTKE AP Technology Writers SAN FRANCISCO (AP) — Elon Musk on Wednesday revised the financing plan for his…
Continue Reading Kansas City Fed President Esther George announces retirement
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Esther George, the president of the Federal Reserve Bank of Kansas City, will retire…
Continue Reading Ford Foundation’s Darren Walker gets France’s highest honor
By THALIA BEATY Associated Press NEW YORK (AP) — The president of the Ford Foundation, Darren Walker, has received France’s highest cultural…
Continue Reading Wendy’s puts up the ‘for sale’ sign as costs rise
By Danielle Wiener-Bronner, CNN Business Wendy’s may be up for sale. In a Tuesday filing with the Securities and Exchange Commission,…
Continue Reading Opinion: Texas’ new social media law affects all of us
Opinion by Kara Alaimo for CNN Business Perspectives Earlier this month, a federal appeals court ruled that a Texas law, which allows residents to…
Continue Reading Mexico’s economy grew 1% in 1st quarter
MEXICO CITY (AP) — Mexico’s government says the economy grew 1% in the first three months of the year, accelerating somewhat after registering…
Continue Reading Russia says it will pay foreign debt in rubles after US ban
By The Associated Press Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a…
Continue Reading Oreo and Ritz are giving away free cookie-cracker sandwiches
By Jordan Valinsky, CNN Business Sweet and salty are a famous pair when it comes to snacks, and a new Oreo and Ritz collaboration is leveraging just…
Continue Reading Big Oil, flush with cash, is failing on climate pledges
By Allison Morrow, CNN Business In the peak of 2020 lockdowns, giant oil companies had a wake-up call. Demand had cratered, sapping profits, and it…
Continue Reading Google should limit location data collection to protect abortion seekers, US lawmakers say
CNN By Brian Fung, CNN Dozens of Democratic lawmakers urged Google on Tuesday to limit the amount of location data it collects and keeps on its users…
Continue Reading Virtual learning apps tracked and shared kids’ data and online activities with advertisers, report says
CNN, HLN By Samantha Murphy Kelly, CNN Business Millions of students who participated in virtual learning during the Covid-19 pandemic had their…
Continue Reading Google should limit location data collection to protect abortion seekers, US lawmakers say
By Brian Fung, CNN Dozens of Democratic lawmakers urged Google on Tuesday to limit the amount of location data it collects and keeps on its users…
Continue Reading Tentative $161.5M settlement reached in WVa opioid trial
By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have…
Continue Reading EPA proposes restrictions in fight over Alaska mine
By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency is proposing restrictions that would block plans…
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