Latest Business News
Amazon Labor Union workers vote overwhelmingly in favor of affiliation with Teamsters
Workers who are part of the Amazon Labor Union are aligning themselves with the Teamsters, overwhelmingly voting in favor of an affiliation. The ALU members voted 98.3% in favor of the affiliation, the International Brotherhood of Teamsters said Tuesday. The affiliation gives the...
Stock market today: Wall Street hangs around its record highs
NEW YORK (AP) — U.S. stocks are drifting around their record highs following the latest signal that the economy’s growth may be slowing without cratering, as hoped. The S&P 500 was little changed early Tuesday, a day after setting a record for the 30th time this year. The Dow Jones...
Hyundai to start manufacturing IONIQ 5 electric SUVs at new Georgia plant this fall
SAVANNAH, Ga. (AP) — Hyundai Motor Group said Tuesday that it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall. It was the first time the South Korean automaker has identified which model of electric vehicle it will produce at its...
Before his summit with North Korea's Kim, Putin vows they'll beat sanctions together
SEOUL, South Korea (AP) — Russian President Vladimir Putin thanked North Korea for supporting his actions in Ukraine and said their countries will cooperate closely to overcome U.S.-led sanctions as he headed to Pyongyang on Tuesday for a summit with North Korean leader Kim Jong Un. ...
Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms
NEW YORK (AP) — When Team USA walks with the world’s athletes at the Paris Olympics'opening ceremony, they’ll be doing so in snappy tailored navy blazers from Ralph Lauren — and blue jeans. Just regular, everyday denim blue jeans. Ralph Lauren, which unveiled...
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
NEW YORK (AP) — Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department. And April sales were revised...
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...
Post Malone and Doja Cat to headline Global Citizen Festival to mobilize young people
NEW YORK (AP) — Post Malone and Doja Cat, two of pop music’s biggest stars, will headline this year’s Global Citizen Festival in New York’s Central Park on Sept. 28, as organizers focus on mobilizing young people to help address the world’s pressing problems. The COVID-19...
Comtech: Fiscal Q3 Earnings Snapshot
CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Comtech Telecommunications Corp. (CMTL) on Tuesday reported fiscal third-quarter earnings of $2.8 million. On a per-share basis, the Chandler, Arizona-based company said it had net loss of 4 cents. Earnings, adjusted for one-time...
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S....
