First on CNN: Goldman Sachs CEO speaks out on gun violence
By Matt Egan, CNN Goldman Sachs CEO David Solomon is calling on politicians to act following a spate of shootings in the United States. “All of…
Continue ReadingBiz/Tech
Lawsuit seeks to revoke FAA license for Georgia spaceport
By RUSS BYNUM Associated Press SAVANNAH, Ga. (AP) — Opponents of a proposed launchpad for commercial rockets on the Georgia coast want a federal…
Continue Reading Correction: Starbucks-Union-Bargaining story
In a story published May 25, 2022, about Starbucks and unionization, The Associated Press erroneously reported the number of stores and workers that…
Continue Reading Instacart: Baby formula searches surging as store shelves remain empty
By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…
Continue Reading Instacart: Baby formula searches surging as store shelves remain empty
CNN By Parija Kavilanz, CNN Business Instacart said searches for baby formula hit a record high in mid-May but the on-demand grocery delivery site is…
Continue Reading How major US stock indexes fared Thursday
The Associated Press Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other…
Continue Reading Twitter shareholders sue Musk, say he ‘deflated’ stock price
By BARBARA ORTUTAY AP Technology Writer Twitter shareholders have filed a lawsuit against billionaire Elon Musk, accusing him of unlawfully sowing…
Continue Reading Macy’s, Dollar Tree rise; Nutanix, Medtronic fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Macy’s, Dollar Tree rise; Nutanix, Medtronic…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for July delivery rose $3.76 to $114.09 a barrel Thursday. Brent crude for July delivery rose $3.37 to…
Continue Reading Justices won’t block Biden policy on ‘social cost of carbon’
WASHINGTON (AP) — The Supreme Court has allowed the Biden administration to use a higher estimate than Republican-led states want for calculating…
Continue Reading Opinion: It’s time to prepare for a recession
Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this…
Continue Reading Sri Lanka PM stresses urgency for economic reform plan
By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister says that he will quickly prepare an economic reform…
Continue Reading Crucial summer for Atlantic City starts with new investments
By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — This summer is a crucial one for Atlantic City as it tries to recover lost business…
Continue Reading More Memorial Day travel expected, despite high gas prices
By STEFANIE DAZIO, CHRISTOPHER WEBER and TERRY TANG Associated Press LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with…
Continue Reading Iraqi lawmakers pass bill criminalizing any ties with Israel
BAGHDAD (AP) — Iraqi lawmakers have passed a bill criminalizing any normalization of ties and any relations, including business ties, with Israel.…
Continue Reading
El Paso businessman arrested on deceptive business practice charge
EL PASO, Texas — An El Paso businessman, who was the subject of a months-long ABC-7 investigation, was arrested on a deceptive business practice…
Continue Reading Iranian oil tanker’s cargo seized in Greece after US request
By NICHOLAS PAPHITIS Associated Press ATHENS, Greece (AP) — A Greek official says the crude oil cargo of an Iranian-flagged tanker that was stopped…
Continue Reading Justin Timberlake sells his entire music catalog
By Jennifer Korn, CNN Business Justin Timberlake sold his entire song catalog to a Blackstone-backed management company, joining a wave of recent…
Continue Reading West mulls having Russian oligarchs buy way out of sanctions
By ROB GILLIES and FRANK JORDANS Associated Press BERLIN (AP) — Government officials say Western allies are considering whether to allow Russian…
Continue Reading Average long-term mortgage rates fall; 30-year loan at 5.1%
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the second week in a row, though interest rates on the key 30-year home…
Continue Reading The West united against Russia. Will its nerve hold as prices soar?
By Julia Horowitz, CNN Business When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos,…
Continue Reading ‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy
By Matt Egan, CNN Business Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of…
Continue Reading Worry about stagflation, a flashback to ’70s, begins to grow
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it…
Continue Reading Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart
By Nathaniel Meyersohn, CNN Business Decades-high inflation is leading to a split in American consumers’ behavior. Affluent shoppers are…
Continue Reading Trump loses appeal, must testify in New York civil probe
By MICHAEL R. SISAK Associated Press NEW YORK (AP) — Former President Donald Trump must answer questions under oath in the New York attorney…
Continue Reading Russia could cut off Denmark and the Netherlands’ natural gas
CNN, KREMLIN, WORLD FOOD PROGAM, US BUREAU FOR ECONOMIC ANALYSIS, KIRILLOVKA.UKR, WEF By Anna Cooban, CNN Business Denmark and the Netherlands could…
Continue Reading Sri Lankan leader seeks world’s help during financial crisis
By HARUKA NUGA Associated Press TOKYO (AP) — Sri Lankan President Gotabaya Rajapaksa has asked for urgent international help as his country suffers…
Continue Reading Chinese consumers are stuck at home but still spending a ton, Alibaba says
By Paul R. La Monica, CNN Business China’s economy has slumped as Covid cases surged in the world’s most populous country. But Chinese…
Continue Reading Thai leader: Asia is gaining strategic, economic importance
TOKYO (AP) — Thai Prime Minister Prayuth Chan-ocha says a new U.S.-backed economic pact is further proof of how important and relevant Asia is…
Continue Reading