Study: Hope for US boost pushes global luxury goods recovery
MILAN — Luxury brands are already cashing in on promises of a 21st-century version of the “Roaring ’20s” in the United States, where hefty stimulus…
AP Wire
AT&T signs deal to combine media biz with Discovery
NEW YORK — AT&T will combine its massive media operations that include CNN HBO, TNT and TBS in a $43 billion deal with Discovery, the…
Gas crunch from cyberattack intensifies in nation’s capital
Gas shortages at the pumps have spread from the South, all but emptying stations in Washington, D.C., following a ransomware cyberattack that forced a shutdown…
US industrial output rose a modest 0.7% amid shortages
WASHINGTON — U.S. industrial production increased for a second straight month in April as more factories came online after being shutdown by winter ice storms….
Retail sales were flat in April as stimulus spending waned
NEW YORK — Retail sales in the U.S. were flat in April after soaring in March, when many Americans received $1,400 stimulus checks that boosted…
Stocks rise after three days of losses, Bitcoin drops 11%
Stocks were posting strong gains in early trading today, following three days of losses and the biggest one-day drop in the S&P 500 since February….
Choppy jobs recovery could mean bumpy economic rebound
April’s catastrophic jobs report is a sign that while the U.S. economy continues its post-pandemic recovery, the road ahead will be bumpy. Only 266,000 jobs…
Pipeline hack sends people scrambling for fuel in the South
CLEMMONS, N.C. — A run on gas following a computer hack of the nation’s largest fuel pipeline had North Carolina tow-truck driver Jonathan King worried…
April wholesale prices jump 0.6%, led by higher food costs
WASHINGTON — Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs. It’s more evidence that inflation pressures are starting to mount…
U.S. unemployment claims drop to 473,000, a new pandemic low
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers…