Retail sales fell last month. But stores are still expecting a strong year
US retail sales fell 1.3% in May as the sector continues to come down from the stimulus-fueled high of recent months. The last round of stimulus…
Continue ReadingBiz/Tech
Key inflation indicator records biggest jump on record
Another key inflation indicator flashed a warning sign in May: Producer prices jumped a record amount last month. The economy is reopening fully and…
Continue Reading
IKEA fined $1 million for spying on workers in France
A French court has ordered IKEA to pay a €1 million ($1.2 million) fine after finding the Swedish retailer guilty of improperly using employee…
Continue Reading Australia and the United Kingdom announce post-Brexit trade deal
Australia and the United Kingdom announced a free trade agreement Tuesday as Britain begins to forge new economic relationships following its…
Continue Reading Best Buy wants to sell you luggage and outdoor grills
Best Buy wants to sell you a new outdoor grill for summer cookouts, a backpack for a return to the office, and luggage for future vacations as it…
Continue Reading Lordstown Motors stock plunges after CEO and CFO resign
The news just keeps getting worse for Lordstown Motors. The troubled electric truck maker said Monday that its CEO and chief financial officer were…
Continue Reading SPACs could stage a summer comeback
Special-purpose acquisition companies, or SPACs, were one of the stock market’s hottest trends in early 2021, drawing in billionaires,…
Continue Reading US and Europe end Airbus-Boeing dispute as they eye threat from China
The United States and the European Union have resolved a long-running trade dispute over subsidies to Airbus and Boeing, a move that could improve…
Continue Reading
EU, US clinch deal to end damaging Airbus-Boeing dispute after agreeing to phase out tariffs
BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running rift over their subsidies to Boeing and…
Continue Reading
Child care services available for El Paso parents returning to work after pandemic
EL PASO, Texas — The unemployment rates dropped below 7 percent in April in El Paso, a good sign for the workforce. But, many working parents…
Continue Reading US and EU poised to end Airbus-Boeing dispute as they eye threat from China
The United States and the European Union are poised to resolve a long-running trade dispute over subsidies to Airbus and Boeing, a move that could…
Continue Reading 160-year-old corporate giant is getting a serious makeover
A once-in-century pandemic. Political polarization. The fight for social justice. An existential climate crisis. The modern CEO faces a minefield of…
Continue Reading ‘So… how ya been?’: Stephen Colbert welcomes an audience back to ‘The Late Show’
Stephen Colbert has come a long way since doing a monologue in a bathtub. The host welcomed back a full house to the Ed Sullivan Theater, home of…
Continue Reading IKEA, Lenovo and many more businesses still have products stuck in the Suez Canal
The Ever Given is no longer blocking the Suez Canal, but the crisis is far from over for companies forced to endure a protracted legal battle in…
Continue Reading Myanmar releases US journalist Nathan Maung, who was allegedly tortured in prison
American citizen Nathan Maung, who has been detained in Myanmar since March 9, was released and deported to the United States on Tuesday after…
Continue Reading
Mideast’s biggest airline, Emirates, announces $5.5 billion net loss due to coronavirus restrictions on global travel
DUBAI, United Arab Emirates (AP) — The Middle East’s largest airline, Emirates, has announced a net loss of $5.5 billion over the past year as…
Continue Reading Australia and the United Kingdom are set to announce a post-Brexit trade deal
Australia and the United Kingdom are set to announce a free trade agreement Tuesday as Britain continues to forge new economic relationships…
Continue Reading News coverage balances vaccination progress with continued pandemic pain
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Another biotech…
Continue Reading Retailers plead with Biden to fix port congestion that has upended supply chains
The National Retail Federation is calling on the White House to address the logjam at US ports that is snarling commerce as the economy swiftly…
Continue Reading Merrick Garland says he’ll enforce DOJ’s pledge against spying on journalists
Attorney General Merrick Garland says he will work to put the Justice Department’s new pledge against spying on journalists into regulation, so…
Continue Reading YouTube bans election, alcohol and prescription drug ads from its masthead
YouTube is banning several types of advertisers from one of the most prominent spots on its homepage. The video streaming platform said Monday that…
Continue Reading Grocery retailer Boxed is going public in an $887 million SPAC deal
Online grocery shopping is hotter than ever, and Boxed is cashing in: It’s going public in an $887 million deal with a special purpose…
Continue Reading Exclusive: Companies face a financial risk from the climate crisis. States want them to reveal just how much
Corporate America must be compelled to fess up about the financial risks posed by the climate crisis, a coalition of state attorneys general told the…
Continue Reading This cannabis stock is a new Reddit favorite
Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the…
Continue Reading Bitcoin jumps as Elon Musk suggests way that Tesla could start accepting it again
Elon Musk is sending bitcoin’s price on another volatile ride. The price of bitcoin is surging after Tesla CEO Elon Musk tweeted Sunday that…
Continue Reading Airline stocks have soared. They’re not in the clear yet
Air travel in the United States is back. That’s great news for airline stocks, which have rallied this year on hopes that domestic trips would…
Continue Reading Spare ticket for spaceflight with Jeff Bezos auctioned for $28 million
What would you pay to take a jolting, 11-minute trip into suborbital space alongside Jeff Bezos? According to bidders in an auction that wrapped up…
Continue Reading Federal safety regulators investigating AmazonBasics products highlighted in CNN report
The federal agency responsible for overseeing consumer product safety is investigating Amazon-branded electronic products highlighted in a CNN…
Continue Reading The West is uniting to confront China. How worried should Beijing be?
Editor’s note: CNN will be launching the Meanwhile in China newsletter on June 21, a three-times-a-week update exploring what you need to know…
Continue Reading Attorney general will discuss Trump administration media probe with leaders of CNN, WaPo, NYT
Leaders from CNN, The New York Times and The Washington Post will meet with US Attorney General Merrick Garland on Monday to discuss the Trump…
Continue Reading