Adidas reports nearly 40% drop in profits. Here’s why
By Anna Cooban, CNN Business Adidas on Friday blamed poor sales in China for a sharp drop in first quarter profit. The German sportswear giant…
Continue ReadingBiz/Tech
Ukrainian startup is bringing school to displaced students
By Parija Kavilanz, CNN Business Russia’s continuing assault in Ukraine has devastated the country and the lives of millions of its citizens.…
Continue Reading America added 428,000 jobs in April
CNN, CNNBUSINESS By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning…
Continue Reading America added 428,000 jobs in April
By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…
Continue Reading America added 428,000 jobs in April
CNN By Anneken Tappe, CNN Business The days of millions of monthly job gains are behind us: America’s employers added 428,000 jobs in April,…
Continue Reading America added 428,000 jobs in April
CNN By Anneken Tappe, CNN Business After an electric economic recovery from the pandemic, the job market is showing signs of returning to normal.…
Continue Reading Britain pushes tough tech rules under new digital watchdog
LONDON (AP) — Big tech companies like Google and Facebook parent Meta would have to comply with tough British rules under a new digital watchdog…
Continue Reading
Biden plugs manufacturing initiative at Ohio metal company
By AAMER MADHANI Associated Press HAMILTON, Ohio (AP) — President Joe Biden is pledging that 3D printing technology will help return factory jobs…
Continue Reading Shipping delays are back as China’s lockdowns ripple around the world
By Laura He, CNN Business Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and…
Continue Reading Europe’s farmers stir up biogas to offset Russian energy
By JOHN LEICESTER and FRANK JORDANS Associated Press SONCHAMP, France (AP) — In lush fields southwest of Paris, farmers are joining Europe’s…
Continue Reading Global markets rattled by Wall Street and China’s zero-Covid pledge
By Laura He and Mark Thompson, CNN Business Global markets slid Friday after Wall Street suffered its worst day of the year. Major European indexes…
Continue Reading Stocks end rocky week with their 5th straight weekly decline
By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — The stock market ended an unusually turbulent week with its fifth straight weekly…
Continue Reading Nashville library offers ‘I read banned books’ library cards
Associated Press NASHVILLE, Tenn. (AP) — Nashville Public Library is responding to library scrutiny in Tennessee with a goal to distribute 5,000…
Continue Reading SpaceX’s wildly busy year continues with astronaut splashdown
By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut splashed down aboard their SpaceX Crew Dragon capsule off the coast of…
Continue Reading Dozens more civilians rescued from Ukrainian steel plant
By ELENA BECATOROS and JON GAMBRELL Associated Press ZAPORIZHZHIA, Ukraine (AP) — Dozens more civilians have been rescued from the tunnels under…
Continue Reading Hill bargainers seek Ukraine aid deal, COVID aid in question
By ALAN FRAM Associated Press WASHINGTON (AP) — Lawmakers are working toward a compromise on President Joe Biden’s $33 billion Ukraine aid…
Continue Reading COVID coverage for all dries up even as hospital costs rise
By HEATHER HOLLINGSWORTH and RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — For the first time, the U.S. came close to providing health…
Continue Reading US added 428,000 jobs in April despite surging inflation
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that…
Continue Reading Spirit CEO says JetBlue wants to stop Spirit-Frontier merger
By DAVID KOENIG AP Airlines Writer The CEO of Spirit Airlines says JetBlue might be trying to buy his airline just to prevent Frontier Airlines from…
Continue Reading
FDA restricts J&J’s COVID-19 vaccine due to blood clot risk
By MATTHEW PERRONE and LAURAN NEERGAARD Associated Press WASHINGTON (AP) — U.S. regulators are strictly limiting who can receive Johnson &…
Continue Reading Elizabeth Warren is worried about Fidelity’s plan to offer bitcoin in 401(k)s
By Jeanne Sahadi, CNN Business Bitcoin is notoriously volatile. But it may also prove politically vexing for Fidelity, which is getting blowback from…
Continue Reading Amazon union head, others meet at White House on organizing
By WILL WEISSERT and HALELUYA HADERO Associated Press WASHINGTON (AP) — Vice President Kamala Harris and Labor Secretary Marty Walsh met Thursday…
Continue Reading DoorDash’s business continues to boom two years into the pandemic
By Sara Ashley O’Brien, CNN Business DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its business…
Continue Reading DoorDash’s business continues to boom two years into the pandemic
CNN, WJAR By Sara Ashley O’Brien, CNN Business DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its…
Continue Reading Postmaster general: Get used to ‘uncomfortable’ rate hikes
WASHINGTON (AP) — The U.S. postmaster general says Americans should get used to “uncomfortable” postage rate increases. Louis DeJoy said…
Continue Reading DoorDash’s sales soar in Q1 but its costs also grow
By DEE-ANN DURBIN AP Business Writer DoorDash sales soared in the first quarter as it added new customers, putting to rest any question of whether…
Continue Reading Meta announces plans to slow hiring following challenging quarter
By Clare Duffy, CNN Business Meta said Thursday it is cutting back on hiring. The move is one of several shifts the Facebook parent company is making…
Continue Reading Dow plunges more than 1,000 points in Wall Street’s worst day of the year
By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…
Continue Reading How major US stock indexes fared Thursday
The Associated Press Stocks closed sharply lower on Wall Street as worries grow in markets that the higher interest rates the Federal Reserve is…
Continue Reading Wayfair, Etsy fall; Albemarle, Booking Holdings rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Wayfair, Etsy fall; Albemarle, Booking Holdings…
Continue Reading