Latest Business News

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Jun. 18, 2024 10:55 AM EDT

NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities 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...

Apple kills off its buy now, pay later service service barely a year after launch

Jun. 18, 2024 10:45 AM EDT

NEW YORK (AP) — Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna. It's an acknowledgement from a company known for...

Supporters of bringing the Chiefs to Kansas have narrowed their plan and are promising tax cuts

Jun. 18, 2024 10:41 AM EDT

TOPEKA, Kan. (AP) — Kansas lawmakers hoping to lure the Kansas City Chiefs from Missouri are trying to win over skeptical colleagues by narrowing their proposal for encouraging the Super Bowl champions to build a new stadium and by linking it to a plan for broad tax cuts. The...

Amazon Labor Union workers vote overwhelmingly in favor of an affiliation with the Teamsters

Jun. 18, 2024 10:32 AM EDT

New York City warehouse workers who are part of the Amazon Labor Union overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer. The ALU members voted 98.3% in favor of the affiliation, which will give them access to...

Russian authorities arrest 3 people after dozens are hospitalized with botulism symptoms

Jun. 18, 2024 10:26 AM EDT

Russian authorities on Tuesday detained three people in connection with a suspected botulism outbreak, a move that comes after dozens of people in four different regions have been hospitalized with symptoms of the rare and dangerous disease. Officials link the outbreak to...

Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

Jun. 18, 2024 10:20 AM EDT

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...

Business owners increasingly worry about payment fraud, survey finds

Jun. 18, 2024 10:18 AM EDT

NEW YORK (AP) — Small businesses are increasingly concerned about payment fraud. That's according to a small business survey from regional bank KeyBank. Nearly 2,000 small-to-medium size business with annual revenue of less than $10 million were surveyed. The top...

Stellantis recalling nearly 1.2 million vehicles to fix software glitch that disables rear camera

Jun. 18, 2024 10:17 AM EDT

DETROIT (AP) — Stellantis is recalling nearly 1.2 million vehicles in the U.S. and Canada to fix a software glitch that can disable the rearview cameras. The recall covers Jeep Compass, Grand Cherokee, Wagoneer and Grand Wagoneer SUVs from the 2022 and 2023 model years. Also...

Boeing's CEO is appearing before a Senate panel as a new whistleblower emerges

Jun. 18, 2024 10:13 AM EDT

U.S. lawmakers are expected to press Boeing's chief executive Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners plan to be in the room, watching him. CEO David Calhoun is scheduled to...

More than 200 arrested in Kenya protests over proposed tax hikes in finance bill

Jun. 18, 2024 10:08 AM EDT

NAIROBI, Kenya (AP) — More than 200 protesters have been arrested in Kenya’s capital, Nairobi, in ongoing protests against proposed tax hikes in a finance bill that is due to be tabled in parliament. Civil society groups said that demonstrations and a planned sit-down outside...