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…
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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 Former tribal leader convicted in casino bribery case
By PHILIP MARCELO Associated Press BOSTON (AP) — A former leader of a Massachusetts Native American tribe has been convicted of bribery and…
Continue Reading Airbnb CEO: Current office designs are outdated
By Kathryn Vasel, CNN Business Airbnb recently told employees they can work remote permanently, but when they do return to the office it’ll…
Continue Reading Buffett’s Berkshire keeps buying Occidental Petroleum stock
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway continued buying Occidental Petroleum shares this week…
Continue Reading Anti-discriminatory bank law getting update for modern era
By KEN SWEET AP Business Writer NEW YORK (AP) — The three major U.S. banking regulators say they plan to rewrite many of the outdated regulations…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Closing prices for crude oil, gold and other commodities, and foreign exchange…
Continue Reading Major companies stay mum on thorny abortion issue – for now
By HALELUYA HADERO and ANNE D’INNOCENZIO Associated Press NEW YORK (AP) — A leaked draft of a Supreme Court opinion that would abolish a…
Continue Reading Opinion: Europe should call Russia’s bluff on energy
Opinion by Paul Hockenos for CNN Business Perspectives Russia’s announcement last week that it was halting all gas deliveries to Poland and…
Continue Reading Boeing will move its headquarters to DC area from Chicago
By DAVID KOENIG and SARAH RANKIN Associated Press Boeing says it plans to move its corporate headquarters from Chicago to the Washington, D.C., area.…
Continue Reading Elon Musk raises an additional $7 billion in financing for Twitter deal
By Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new…
Continue Reading Amazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
CNN By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers…
Continue Reading Amazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
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…
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Scooting your way past wait times
EL PASO, Texas – Scooters have gained popularity across many cities, including El Paso. They’re functional and fun. But one company is putting a…
Continue Reading Greece pledges new state aid to counter rising power bills
ATHENS, Greece (AP) — Greece’s prime minister has promised new state support to shield households from rising electricity costs, saying the…
Continue Reading Biden to crack down on polluters in poor, minority areas
By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration has announced a wide-ranging enforcement strategy aimed at holding…
Continue Reading US mortgage rates rise; 30-year at 5.27%, highest since 2009
WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since…
Continue Reading Thousands of smartphones purchased by VA went unused
By MICHAEL CASEY Associated Press An inspector general’s report has found that most of the 10,000 smartphones purchased for a U.S. Department of…
Continue Reading Europe is planning to ditch Russia’s oil. Will it go after its gas?
By Anna Cooban, CNN Business Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon —…
Continue Reading Catalan: Spain spy chief admits legally hacking some phones
By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — A leading Catalan separatist politician says that Spain’s top intelligence official has…
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 Cyber Command team helps Lithuania protect its networks
WASHINGTON (AP) — The Pentagon’s cyber arm says a team spent months working with officials in Lithuania to help protect government networks there…
Continue Reading Elon Musk says he would reverse Twitter’s Trump ban
CNN, CNN BUSINESS By Brian Fung and Clare Duffy, CNN Elon Musk said Tuesday that he would restore former President Donald Trump’s banned…
Continue Reading Bill Gates doubts Musk’s Twitter buy, says draft SCOTUS decision overturning Roe is ‘pretty disappointing’
By Brian Fung, CNN Bill Gates sounded a note of caution this week on Elon Musk’s $44 billion acquisition of Twitter, saying the Tesla CEO…
Continue Reading The Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue Reading The Fed doubters are back
CNN, CNNBUSINESS By Julia Horowitz, CNN Business This newsletter yesterday highlighted warnings that market enthusiasm after the Federal…
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