Business

MacKenzie Scott Announces She’s Donating $2.7 Billion

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NEW YORK (AP) - MacKenzie Scott, the billionaire philanthropist known for her impromptu multi-billion dollar donations to charities and racial equity issues, announced Tuesday tha...

Record Rise In US Wholesale Prices Over The Past Year

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WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lo...

At El Salvador’s Bitcoin Beach, A Glimpse Of Crypto Economy

EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers ...

GM Delivers Affordable Luxury With Corvette Stingray

DETROIT (AP) — What would you splurge on if you won the lottery? Most people have a dream car or two on their list, but alas, most people never win the lottery. General Motors h...

Dealers Push to get rid of your Auto Broker

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Dealers have been enjoying the higher prices brought about by the recent shortage and are aiming to keep those prices high for the future by getting rid of your auto Broker and giv...

Another Jump In Prices Tightens The Squeeze On US Consumers

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WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008...

GameStop Gearing Up To Name Billionaire Investor Cohen As Its Chairman

NEW YORK (AP) - Meme stock GameStop is gearing up to name Ryan Cohen as its chairman on Wednesday when the video game retailer holds its annual shareholders meeting. Cohen, the ...

Senate Aims To Boost Tech Industry In Competition With China

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WASHINGTON (AP) — The Senate was on pace to approve legislation Tuesday that aims to boost U.S. semiconductor production and the development of artificial intelligence and other te...

ProPublica: Many Of The Uber-Rich Pay Next To No Income Tax

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WASHINGTON (AP) — The rich really are different from you and me: They’re better at dodging the tax man. Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla foun...

Pipeline CEO: Ransom Payment ‘Hardest Decision’ Of Career

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WASHINGTON (AP) — The chief executive of the massive fuel pipeline hit by ransomware said Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to ...

Bezos Plans To Go To Space Aboard Blue Origin Flight In July

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Jeff Bezos will be aboard for Blue Origin's first human space flight next month. In an Instagram post early Monday, Bezos said he, his brother, and the winner of an ongoing auct...

US Economy: Plenty Of Growth, Not Enough Workers Or Supplies

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WASHINGTON (AP) — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs. Barely more than a year after the coronavirus caused the steepest econo...

Private Equity Firms Buy Medline For Reported $34 Billion

BOSTON (AP) — A consortium of private equity firms has reached a deal — reportedly worth about $34 billion — to acquire family-run Medline, the medical supply and equipment company...

US Adds 559K Jobs As Firms Still Struggle To Fill Positions

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WASHINGTON (AP) — U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough ...

Twitter Starts Subscription Service In Canada, Australia

NEW YORK (AP) - Twitter is rolling out a subscription service, starting in Canada and Australia, that offers perks like an undo button for subscribers. The “Twitter Blue” subscr...

After Stock Buying Frenzy AMC Launches New Share Sale, Warns “You Might Lose All Your Money”

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NEW YORK (AP) - AMC may sell up to 11.6 million of its shares with a trading phenomenon pushing stock in the movie theater chain up almost 3,000% this year, and 140% just this week...

AMC Embraces Its Meme Stock Status, Shares Quickly Double

NEW YORK (AP) - After its movie theaters were shut and its stock was nearly left for dead because of the pandemic, AMC Entertainment is embracing the horde of fanatical investors w...

Pot Users Welcome: Amazon Won’t Test Jobseekers For Cannabis

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NEW YORK (AP) — Amazon said Tuesday that it will stop testing jobseekers for marijuana. The company, the second-largest private employer in the U.S. behind Walmart, is making th...

Bank CEOs Tell Congress They’ll Work To Avoid Foreclosures

WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts t...

Fewer Americans Sign Contracts To Buy Homes In April

SILVER SPRING, Md. (AP) — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ ind...